Berry Now Sees FY24 Adjusted EPS Of $7.60 Vs Prior View $7.35 - $7.85; Est $7.55
Portfolio Pulse from Benzinga Newsdesk
Berry Global Group (BERY) has updated its FY24 adjusted EPS guidance to $7.60, compared to the previous range of $7.35-$7.85, with an estimate of $7.55. The company expects cash flow from operations to be between $1.4-$1.5 billion and free cash flow to be $800-$900 million. Berry is committed to maintaining a leverage ratio of 3.5x or lower, within its long-term targeted range.
August 02, 2024 | 11:10 am
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Berry Global Group (BERY) has updated its FY24 adjusted EPS guidance to $7.60, which is slightly above the previous estimate of $7.55. The company also expects strong cash flow from operations and free cash flow, while committing to a leverage ratio of 3.5x or lower.
The updated EPS guidance of $7.60 is slightly above the previous estimate of $7.55, which is a positive indicator for investors. Additionally, strong cash flow projections and a commitment to maintaining a leverage ratio of 3.5x or lower further strengthen the company's financial position.
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