On Friday, Shares of Berry Plastics Group Inc (NYSE:BERY), lost -2.40% to $32.56.
Berry Plastics Group, stated results for its third fiscal 2015 quarter, referred to in the following as the June 2015 quarter:
- Raised cash flow from operations by 50 percent to $180 million in the June 2015 quarter contrast to $120 million in the same preceding year quarter
- Recorded net loss per diluted share of $0.11 and adjusted net income per diluted share of $0.51 for the June 2015 quarter
- Raised operating EBITDA to $219 million (17.6 percent margin) for the June 2015 quarter contrast to $212 million (16.3 percent margin) in the same preceding year quarter
- Improved adjusted free cash flow by $74 million to $140 million for the June 2015 quarter contrast to $66 million in the same preceding year quarter
- Generated adjusted free cash flow of $378 million and adjusted EBITDA of $830 million for the four quarters ended June 2015
- Raised fiscal 2015 adjusted free cash flow guidance to $400 million
Berry Plastics Group, Inc. manufactures and distributes plastic consumer packaging and engineered materials in North America and internationally. The company operates through four segments: Rigid Open Top, Rigid Closed Top, Engineered Materials, and Flexible Packaging.
Finally, Masco Corp (NYSE:MAS), ended its last trade with -0.04% loss, and closed at $26.39.
Masco Corporation, declared its plan to relocate its corporate headquarters to Livonia, Mich., by the end of 2016. The plan will take employees from its current headquarters, located in Taylor, Mich., into a new, 75,000-square-foot, state-of-the-art facility located at West Seven Mile Road and Haggerty Road, adjacent to Schoolcraft College.
“The move to a new facility will provide a more collaborative, functional space and is an important step forward for us,” said Keith Allman, Masco Chief Executive Officer and President. “Over the past several years, we have better aligned our corporate center services with the requirements of our overall business and our individual business units. As a result, our corporate office is now too large and segmented for our leaner workforce.”
Masco Corporation manufactures, distributes, and installs home improvement and building products worldwide. Its Cabinets and Related Products segment provides cabinetry for kitchen, bath, storage, home office, and home entertainment applications; and kitchen countertops, and integrated bathroom vanity and countertop solutions.
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