Brief: Pactiv Evergreen Reports Q4 2020 Financial Results

Pactiv Evergreen

24/02/2021 21:14

Feb 24 (Reuters) - Pactiv Evergreen Inc  PTVE.O :
    * PACTIV EVERGREEN REPORTS FOURTH QUARTER 2020 FINANCIAL
RESULTS
    * Q4 REVENUE $1.175 BILLION VERSUS REFINITIV IBES ESTIMATE
OF
$1.21 BILLION
    * QTRLY EARNINGS PER SHARE $1.33
    * PACTIV EVERGREEN -  TIMING OF PINE BLUFF MILL OUTAGE,
WEATHER
CONDITIONS IN TEXAS, ARKANSAS TO LIKELY RESULT IN SIGNIFICANT
ADDED COSTS DURING Q1 2021
    * PACTIV EVERGREEN - EXPECTS ONGOING IMPACTS FROM COVID-19
INCLUDING CONTINUED SOFTENED DEMAND IN ITS FOODSERVICE AND
BEVERAGE MERCHANDISING SEGMENTS
    * Q4 EARNINGS PER SHARE VIEW $0.25 -- REFINITIV IBES DATA

Source text for Eikon:  ID:nGNX96y56J 
Further company coverage:  PTVE.O 

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