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Pactiv Evergreen Q1 2022 Earnings Call - Transcript

Pactiv Evergreen swings to Q1 net income of US$43M from US$15M loss a year ago on higher gross profits and a gain on the sale of Naturepak; revenue increases 28.4% to US$1.50B, with 26% growth due to price and mix, 9% growth due to acquisitions

McDonald's trialing Pactiv Evergreen clear cups sourced from INEOS recycled, biobased materials in Savannah, Georgia; McDonald’s is using a mass balance method to measure and track the materials, and the biobased material is partly from used cooking oil

US Chemical Safety and Hazard Investigation Board releases 11-minute safety video outlining events, safety issues that led to fatal fire at Evergreen Packaging paperboard mill in Canton, North Carolina, on Sept. 21, 2020; fire killed two contract workers

McDonald’s partners with TMS-HAVI, Pactiv Evergreen, Neste, INEOS, LyondellBasell to test circular clear plastic cups sourced from recycled and biobased materials, including used cooking oil; cups are being tested in 28 restaurants in Savannah, Georgia

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