Interest from our LinkedIn community helped Berry Global’s recent financial results announcement lead the news last week (Berry Global Tops Sales Record in First Fiscal 2020 Quarter): “Berry Global Group, Inc. recently reported its fiscal first quarter 2020 results (i.e., the December 2019 quarter). Net sales jumped 43% to more than $2.8 billion for the quarter, due primarily to continued strong performance in the Consumer Packaging-North America segment, as well as the RPC acquisition.
“‘During the quarter we achieved record net sales and operating EBITDA for any December quarterly period in the company’s history,’ said Tom Salmon, chairman and CEO. ‘Overall, our results and organic growth progression were consistent with our expectations. I am pleased by the continued performance of our North American Consumer Packaging division, delivering its seventh consecutive quarter of positive organic volume growth, recording 3% volume growth in this December quarter. Additionally, both our Health, Hygiene & Specialties and Engineered Materials divisions reported sequential volume improvement as expected. Our Consumer Packaging International segment has gotten off to a solid start, with cost synergy realization on plan and commercial activities to drive long-term growth, well under way. The integration of RPC continues to move forward and our synergy targets remain on track.’”
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Top 5 News that Sticks for February 9-15
- Berry Global Tops Sales Record in First Fiscal 2020 Quarter
H.B. Fuller Shares Details Regarding 2019 Financial Results and Business Realignment
#1 last week
- Ashland Sees Sales Dip 7% in Fiscal First Quarter
- Henkel Invests in Machine Learning Software Start-Up Fero Labs
- Nouryon to Acquire J.M. Huber’s Carboxymethyl Cellulose Business
This weekly roundup highlights the adhesives, sealants, and coatings-related news stories that garnered the most attention during the previous week on our website, as well as our eNewsletters and social media platforms.