Pactiv Evergreen Inc Aktie News

Pactiv Evergreen Inc. (NASDAQ:PTVE ) Q1 2024 Earnings Conference Call May 3, 2024 8:30 AM ET Company Participants Curt Worthington - Vice President, Investor Relations & Strategy Michael King - Chief Executive Officer Jon Baksht - Chief Financial Officer Conference Call Participants Bryan Burgmeier - Citigroup Ghansham Panjabi - Baird Philip Ng - Jefferies Arun Viswanathan - RBC Capital Markets...

LAKE FOREST, Ill., May 02, 2024 (GLOBE NEWSWIRE) -- Pactiv Evergreen Inc. (NASDAQ: PTVE) today announced that its board of directors has approved the payment of a quarterly dividend of $0.10 per share of common stock.

LAKE FOREST, Ill., April 18, 2024 (GLOBE NEWSWIRE) -- Pactiv Evergreen (NASDAQ: PTVE) today announced the following details for its first quarter 2024 earnings release and teleconference call.

I upgrade my rating for Pactiv Evergreen stock from neutral to buy due to early signs of demand recovery and successful cost reduction efforts. PTVE's 4Q23 revenue fell, but EBITDA improved, indicating margin expansion. The stock price dropped due to a weak FY24 EBITDA guide. Risks include potential missteps in the restructuring program.

Pactiv missed estimates on the top line even as profits rose. The company announced another restructuring program.

Pactiv Evergreen Inc. (PTVE) Q4 2023 Earnings Call Transcript

Fourth Quarter 2023 Financial Highlights: Total Net Revenues of $1,274 million for the fourth quarter of 2023 were down 14% compared to $1,476 million in the fourth quarter of 2022 and down 8% compared to $1,379 million in the third quarter of 2023. Net Income from continuing operations of $22 million for the fourth quarter of 2023 compared to $27 million in the fourth quarter of 2022 and $28 m...

LAKE FOREST, Ill., Feb. 29, 2024 (GLOBE NEWSWIRE) -- Pactiv Evergreen Inc. (NASDAQ: PTVE) today announced that its board of directors has approved the payment of a quarterly dividend of $0.10 per share of common stock.