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Pactiv Evergreen Q2 2022 Earnings Call - Transcript

Pactiv Evergreen’s Q2 net income increases to US$73M from US$7M in year-ago period as net revenues increase 21.3% to US$1.64B, with 23% growth due to price/mix and 9% growth due to acquisitions

Pactiv Evergreen subsidiary Evergreen Packaging International completes sale of its carton packaging, filling machinery businesses in China, Korea, Taiwan to SIG Group; transaction positions Pactiv Evergreen to focus on growth in North America, says CEO

Evergreen Packaging files federal civil complaint against Blastco, the contractor it claims started 2020 fire at its paperboard mill in Canton, North Carolina, that killed two contract employees; Evergreen asking jury to award more than US$16M in damages

SIG successfully issues €650M Schuldschein loan, a sustainability-linked loan; funds are being used to repay bridge financing facilities put in place at start of 2022 for the Evergreen Asia and Scholle IPN acquisitions

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