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Stock impact report

Zacks Initiates Coverage of Glatfelter With Underperform Recommendation [Yahoo! Finance]

Berry Global Group, Inc. (BERY) 
Last berry global group, inc. earnings: 5/1 07:30 am Check Earnings Report
US:NYSE Investor Relations: ir.berryglobal.com
Company Research Source: Yahoo! Finance
The comprehensive research report outlines several critical factors contributing to this outlook, highlighting significant financial challenges and operational inefficiencies that this North-Carolina based company currently faces. Glatfelter's financial performance in the first quarter of 2024 has raised red flags. The company incurred a net loss of $26.2 million, wider than the prior-year quarter's loss of $13.2 million. The adjusted EBITDA also dropped $1 million, with the Airlaid Materials segment experiencing a $9 million reduction due to lower shipments and adverse price-cost gaps. These figures underscore ongoing operational inefficiencies and market challenges that are impacting Glatfelter's bottom line. A substantial financial leverage limits the company's borrowing capacity and heightens the risk of financial instability, as highlighted by the research report. Additionally, rising interest expenses, which jumped to $17.7 million in first-quarter 2024 from $12.6 million in Show less Read more
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