Berry reports first quarter results

Evansville, ind.--( business wire )--berry's chairman and ceo tom salmon said, “our businesses delivered solid first quarter results, including 3% ebitda growth and 11% adjusted earnings per share growth. we have made significant progress recovering inflation along with contributions from our cost reduction initiatives, and delivered strong price cost spread in the quarter. these internal actions helped to offset a 6% volume decline primarily driven by softer market demand, in line with many of our large global customers. we continued our focus on driving long-term value for our shareholders and repurchased $178 million of shares, or another 2.4% of shares outstanding, in the quarter, while also paying our first-ever quarterly dividend. we believe our shares remain undervalued and our repurchases reflect our confidence in the outlook of our business, our long-term strategy, and the strength of our operating model and cash flows.
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