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Berry Reports Record Sales

Overall sales up 16%; Health, Hygiene, and Specialties’ net sales were flat

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By: Tara Olivo

Associate Editor at Nonwovens Industry, Rodman Media

In the third fiscal quarter of 2017, Berry Global’s net sales increased 16% over the prior year quarter and was a quarterly record at $1.906 billion. The net sales increase of $261 million from the prior year quarter is primarily attributed to acquisition net sales of $295 million and selling price increases of $49 million due to the pass through of higher resin prices, partially offset by a negative $76 million impact from base volume declines and a $8 million negative impact from foreign currency changes.

Health, Hygiene, and Specialties’ net sales were flat compared to the prior year quarter attributed to selling price increases of $8 million due to the pass through of higher resin prices partially offset by a $7 million unfavorable impact from currency translation.

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