Pactiv Evergreen ( (PTVE) ) has issued an update.
Pactiv Evergreen’s third quarter of 2024 reflects a challenging financial landscape with a net revenue dip of 3% from the previous year, primarily due to lower sales volumes despite favorable pricing. The company reported a net loss from continuing operations of $213 million, influenced by a significant impairment charge linked to divestitures, yet maintained an increase in Adjusted EPS to $0.36. Executives highlight the company’s strategic focus on cost discipline, resource optimization, and investment in growth areas while managing impacts from severe weather and operational realignments.
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