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Sales hit $1.806 billion in the second fiscal quarter
May 3, 2017
By: Tara Olivo
Berry Global’s second fiscal quarter net sales increased 12% over the prior year quarter and was a quarterly record at $1.806 billion. Operating income for the quarter increased to $175 million compared to $165 million in the prior year quarter. Operating EBITDA was also a quarterly record at $336 million (18.6% of net sales). Health, Hygiene, and Specialties’ net sales of $597 million decreased by $4 million from the prior year quarter primarily attributed to selling price decreases of $9 million and a $6 million unfavorable impact from currency translation, partially offset by a positive $10 million impact from a 2% base volume improvement.
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