Pactiv Evergreen Inc

PTVE

Equity

ISIN null / Valor 56790047

NASDAQ (2025-04-02)

USD 18.01%

Pactiv Evergreen Inc
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About company

Pactiv Evergreen Inc., headquartered in Lake Forest, Illinois, is a prominent player in the packaging and foodservice products industry. The company specializes in producing a wide range of packaging solutions and services tailored for various market segments, including food and beverage retailers, restaurants, and the food packaging industry at large. Its product portfolio encompasses a variety of containers, cups, plates, and other related items designed to meet the diverse needs of its clientele. While the announcement of a quarterly dividend of $0.10 per share underscores the company's financial health and commitment to returning value to its shareholders, Pactiv Evergreen's core business revolves around its innovative and sustainable packaging solutions that cater to a global market. The company's focus on efficiency, quality, and environmental sustainability positions it as a key supplier in the packaging sector, serving customers worldwide with its comprehensive product offerings.

Summarized from source with an LLMView SourceSector: Consumer Non-Cyclicals

Strategic Divestitures

Pactiv Evergreen announced the sale of its Pine Bluff mill and Waynesville extrusion facility to Suzano, marking a significant step in the company's transformation. This exit from paper mills allows the company to concentrate on its core North American converting operations.

Financial Performance

In the second quarter of 2024, Pactiv Evergreen reported net revenues of $1,338 million, a decrease from $1,426 million in the same quarter last year. Net income stood at $20 million, reversing the net loss of $139 million in Q2 2023.

Operational Challenges

The quarter was affected by temporary operational disruptions at the Pine Bluff mill due to a planned outage, leading to higher operating costs and reduced production. Additionally, lower sales volumes were driven by weakened consumer demand amid elevated inflation.

Revised Guidance

Reflecting the second quarter's results and a slower-than-anticipated market recovery, Pactiv Evergreen has lowered its full-year guidance. The revisions also account for the upcoming sale of key facilities, expected to close in the fourth quarter of 2024.

Summarized from source with an LLMView Source

Key figures

25.7%1Y

74.7%3Y

%5Y

Performance

34.1%1Y

41.9%3Y

42.0%5Y

Volatility