Pactiv Evergreen Inc (OQ:PTVE)
Business Focus: Non-Paper Containers & Packaging
| Sector: Basic Materials | Industry: Non-Paper Containers & Packaging |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 1900 W. Field Court LAKE FOREST IL 60045 |
| Tel: | N/A |
| Website: | https://pactivevergreen.com |
| IR: | See website |
| Key People | ||
| Michael Jack King President, Chief Executive Officer, Director | Jonathan Baksht Chief Financial Officer | Curt Worthington Vice President - Strategy, Investor Relations |
| Timothy A. Levenda President - Foodservice | Byron Jason Racki President - Beverage Merchandising | Eric A. Wulf President - Food Merchandising |
| Douglas E. Owenby Chief Operating Officer | Chandra J. Mitchell Chief Legal Officer, Corporate Secretary | |
| Business Overview |
| Pactiv Evergreen Inc. is a manufacturer and distributor of fresh foodservice and food merchandising products and fresh beverage cartons in North America. The Company operates through two segments: Foodservice and Food and Beverage Merchandising. Its Foodservice segment manufactures food containers, drinkware (hot and cold cups and lids), tableware, service ware and other products which make eating on-the-go. Its Food and Beverage Merchandising segment products include cartons for fresh refrigerated beverage products, primarily serving dairy (including plant-based, organic and specialties), juice and other specialty beverage end-markets, clear rigid-display containers, containers for prepared and ready-to-eat food, trays for meat and poultry and egg cartons. It also produces fiber-based liquid packaging board. It supplies products to a diversified mix of companies, including full-service restaurants, quick service restaurants, foodservice distributors, supermarkets, and food processors. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, Pactiv Evergreen Inc revenues decreased 11% to $5.51B. Net loss applicable to common stockholders excluding extraordinary items totaled $228M vs. income of $317M. Revenues reflect Food and Beverage Merchandising segment decrease of 15% to $3.02B, Foodservice segment decrease of 6% to $2.57B, United States segment decrease of 9% to $4.99B, Other segment decrease of 99% to $2M. |
| Employees: | 15,000 as of Dec 31, 2023 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $6,015M as of Dec 31, 2023 |
| Annual revenue (TTM): | $5,510M as of Dec 31, 2023 |
| EBITDA (TTM): | $801.00M as of Dec 31, 2023 |
| Net annual income (TTM): | -$228.00M as of Dec 31, 2023 |
| Free cash flow (TTM): | $178.00M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | $3,422M as of Dec 31, 2023 |
| Shares outstanding: | 178,557,086 as of Feb 23, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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