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2024 ASI Top 20: Berry Global Inc.

Berry Global Group Inc. supplies a range of rigid, flexible, and non-woven products to customers in industries such as healthcare, personal care, and food and beverage. The company is organized in four reporting segments: Consumer Packaging International; Consumer Packaging North America; Engineered Materials; and Health, Hygiene & Specialties. The company reported total net sales for fiscal year 2023 (ended September 30, 2023) of $12.66 billion.


Net sales in Berry Global’s Health, Hygiene & Specialties segment decreased 17% to $2.6 billion in the 2023 fiscal year (ended September 30, 2023). The segment produces adhesives, sealants, and tapes (among many additional products) for applications in aerospace, automotive, construction, medical, and others. (The company does not provide specific adhesives/sealants-related sales and other information.)


“I am pleased to report we exceeded our adjusted earnings per share outlook and significantly beat our free cash flow guidance by over $100 million. Our 3% volume decline in the quarter improved sequentially and was better than expected, as soft market demand was mitigated by market share gains supported by recent capital investments,” said Kevin Kwilinski, Berry’s CEO.


NOTES: In August 2023, Berry Global announced that its Board of Directors elected Kevin Kwilinski as chief executive officer. The appointment became effective October 2, 2023. In connection with that appointment, the board elected Stephen Sterrett, lead independent director, as chairman of the board, also effective on October 2, 2023.


In 2023, Berry Global ranked among America’s Most Responsible Companies, presented by Newsweek and global research firm Statista Inc. Ranking 35 out of 600 of the most responsible companies in the United States across 14 industry subcategories, Berry was recognized for its commitment to environmental, social, and corporate governance (ESG).

Opening image courtesy of Berry Global Inc.

No. 13 | Berry Global Inc.

Evansville, Indiana
www.berryglobal.com
CEO: Kevin Kwilinski
Sources: annual report, press releases


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