Inside INdiana Business

Berry Global reports ‘solid’ third quarter

(photo courtesy of Berry Global)

EVANSVILLE, Ind. (Inside INdiana Business) – Evansville-based Berry Global Group Inc. (NYSE: BERY) is reporting fiscal third quarter net income of $191 million, up from $13 million during the same period last year. Chief Executive Officer Tom Salmon says the plastics manufacturer recorded its highest earnings of any quarter in its history.

The company is also reporting record net sales of $2.9 billion a 50% increase over the same quarter in 2019.

“We have made progress and remain focused on our top three financial objectives of improving our strong balance sheet, organically growing our businesses, and integrating the RPC acquisition as demonstrated in this recently completed quarter,” said Salmon. “Excluding COVID-19 benefits, we believe the business delivered high-single digit growth in the quarter. We are very proud of our teams in achieving their objectives of delivering profitable and sustainable growth. “

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