Berry Global 1Q 2018 results: net sales jump 18% aided by acquisitions; HH&S group’s net sales up 1%
CLOVERDALE, CA, February 9, 2018-
Berry Global Group, Inc. reported an 18% jump in net sales for its 2018 first quarter, while net sales for its nonwovens-oriented Health, Hygiene & Specialties group edged up by 1%. The company also reported on the completion of its acquisition of Clopay Plastic Products Company, Inc. (see separate story in www.nonwovens.com Breaking News section).
Net sales for the company in the quarter reached $1.776 billion. Operating income, at $163 million, was 12% higher than the year-ago quarter. For the HH&S group, net sales inched up to $577 million, while operating income tumbled by 37% to $37 million.
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