About Pactiv Evergreen Inc. Pactiv Evergreen Inc. (NASDAQ: PTVE) is a leading manufacturer and distributor of fresh foodservice and food merchandising products and fresh beverage cartons in North America. The Company produces a broad range of on-trend and feature-rich products that protect, package and display food and beverages for today's consumers. Its products, many of which are made with recycled, recyclable or renewable materials, are sold to a diversified mix of customers, including restaurants, food ...

unfavorable product mix. Volumes are down marginally. Food service is still contending with challenging consumer dynamics, but we believe our business is more resilient than the broader industry, with our segment volumes outpacing industry foot traffic data. Price mix was down 2%, reflecting lower than expected demand from some of our higher margin transactional relationships, as well as a higher weighting to lower margin product categories. Price is down slightly due to the lower contractual pass-throughs. ...

ap UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________to __________ Commission File Number: 001-39528 PACTIV EVERGREEN INC. (Exact Name of Registrant as Specified in Its Charter) Delaware 88-0927268 (State or Othe ...

Exhibit 99.1 NEWS RELEASE Pactiv Evergreen Reports First Quarter 2024 Financial Results Solid operating performance despite macro challenges; Reiterating 2024 guidance First Quarter 2024 Financial Highlights: • Net Revenues of $1,252 million for the first quarter of 2024 were down 13% compared to $1,431 million in the first quarter of 2023 and down 2% compared to $1,274 million in the fourth quarter of 2023. • Net Income of $10 million for the first quarter of 2024 compared to a net loss of $133 million in ...

One moment for our next question. Our next question comes from Jordan Lee with Goldman Sachs. Your line is open. Michael King And I'd also add, I alluded to this in one of the prior questions. But inflation does impact our Q1 a bit more than the rest of the year. We start feeling more impacts of some labor increases and other increases at the beginning of the year and there is a timing impact of -- we do have cola recoveries, but they do have a lag. And so you start seeing that really help us look from a ma ...

(1) Adjusted EBITDA is a non-GAAP measure. See the reconciliation to the GAAP measure in the appendix. Beverage Merchandise Restructuring: Estimated Financial Impacts | --- | --- | --- | --- | --- | --- | --- | --- | --- | |---------------------------------------------------------------------------------------------------------|---------------------------------|--------------------------------------------------|---------------------------------|--------------------------------------------------------------- ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM __________ TO __________ Commission File Number 001-39528 PACTIV EVERGREEN INC. (Exact name of Registrant as specified in its Charter) 1900 W. Field Court Lake For ...

2023年第四季度财务表现 - 2023年第四季度总净收入为12.74亿美元，同比下降14%，环比下降8%[1] - 2023年第四季度持续经营净利润为2200万美元，同比下降19%，环比下降21%[1] - 2023年第四季度调整后EBITDA为2.07亿美元，同比增长24%，环比下降8.8%[1] - 公司2023年第四季度净收入为11.84亿美元，相比2022年同期的13.64亿美元有所下降[41] - 公司2023年第四季度毛利润为2.53亿美元，相比2022年同期的2.25亿美元有所增长[41] - 公司2023年第四季度运营收入为8300万美元，相比2022年同期的7900万美元有所增长[41] - 公司2023年第四季度净收入为2200万美元，相比2022年同期的2700万美元有所下降[41] - 公司2023年第四季度总净收入为12.74亿美元，同比下降13.7%[44] - 公司2023年第四季度调整后EBITDA为2.07亿美元，同比下降8.8%[44] - 公司2023年第四季度食品服务部门净收入为6.26亿美元，同比下降1.1%[44] - 公司2023年第四季度食品和饮料商品销售部门净收入为6.53亿美元，同比下降25.1%[44] - 公司2023年第四季度食品服务部门调整后EBITDA为1.12亿美元，同比增长31.8%[44] - 公司2023年第四季度食品和饮料商品销售部门调整后EBITDA为1.13亿美元，同比下降13.1%[44] - 公司2023年第四季度净收入为2200万美元，同比下降18.5%[45] - 公司2023年第四季度调整后每股收益为0.33美元，同比下降3.0%[45] - 公司2023年第四季度折旧和摊销费用为8000万美元，同比增长14.3%[45] - 公司2023年第四季度利息费用为5700万美元，同比增长14.0%[45] 2023年全年财务表现 - 2023年全年总净收入为55.1亿美元，同比下降11%[2] - 2023年全年持续经营净亏损为2.22亿美元，而2022年为净利润3.19亿美元[2] - 2023年全年调整后EBITDA为8.4亿美元，同比增长7%[2] - 公司2023年全年净收入为51.24亿美元，相比2022年的57.83亿美元有所下降[41] - 公司2023年全年毛利润为7.33亿美元，相比2022年的9.97亿美元有所下降[41] - 公司2023年全年运营收入为2800万美元，相比2022年的6.37亿美元大幅下降[41] - 公司2023年全年净收入为-2.20亿美元，相比2022年的3.20亿美元大幅下降[41] 2024年及未来展望 - 公司计划通过优化生产布局，预计到2026年实现年化成本节约3500万美元[4] - 公司预计在2024年和2025年期间，资本支出为4000万至4500万美元，现金重组费用为5000万至6500万美元，非现金重组费用为2000万至4000万美元[4] - 公司2024年调整后EBITDA指引为8.5亿至8.7亿美元，第一季度预计为1.6亿至1.7亿美元[25] 资产与现金状况 - 公司截至2023年12月31日的现金及现金等价物为1.64亿美元，相比2022年同期的5.31亿美元大幅下降[42] - 公司截至2023年12月31日的总资产为63.95亿美元，相比2022年同期的73.06亿美元有所下降[42]

Company Participants Conference Call Participants Operator Please visit the events section of our Investor Relations website at www.pactivevergreen.com and access our supplemental earnings presentation. Managements remarks today should be heard in tandem with reviewing this presentation. These statements are also subject to numerous risks and uncertainties that could cause actual results to differ materially from what we expect. We refer all of you to our recent SEC filings including our annual report on Fo ...

evergreen" November 2, 2023 This presentation contains forward-looking statements. All statements contained in this presentation other than statements of historical fact are forward-looking statements, including statements regarding our guidance as to our future financial and operational results. In some cases, you can identify forward-looking statements because they contain words such as "anticipate," "believe," "contemplate," "continue," "could," "estimate," "expect," "intend," "may," "plan," "potential," ...