Company research
Pactiv Evergreen Inc.
CIK 1527508Updated Sep 24, 2026
Name history
Reynolds Group Holdings Ltd · through Aug 13, 2020
Filing activity
Latest filing
50 filings on record · 15-12G, SCHEDULE 13D/A, 4, 8-K, S-8 POS, 10-K/A.
About the company
Pactiv Evergreen is a leading manufacturer and distributor of fresh foodservice and food merchandizing products and fresh beverage cartons in North America. Pactiv Evergreen produces a broad range of on-trend and feature-rich products that protect, package and display food and beverages for today’s consumers. Its products, many of which are made with recycled, recyclable or renewable materials, are sold to a diversified mix of customers, including restaurants, foodservice distributors, retailers, food and beverage producers, packers and processors. Learn more at www.pactivevergreen.com.
Recent filings
15-12G filing
SCHEDULE 13D/A - filed by Packaging Finance Ltd regarding Pactiv Evergreen Inc.
4 filing
Entry into a Material Definitive Agreement · Termination of a Material Definitive Agreement · Completion of Acquisition or Disposition of Assets · Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement · Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing · Material Modification to Rights of Security Holders · Changes in Control of Registrant · Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements · Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year
Items 1.01, 1.02, 2.01, 2.03, 3.01, 3.03, 5.01, 5.02, 5.03, 9.01
4 filing
Financials
FY 2024 · USDSource
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balance sheet · annual statements
| Line item | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|
| ASSETS | ||||
| AssetsUSD | 5,877,000,000Source | 6,395,000,000Source | 7,306,000,000Source | 7,021,000,000Source |
| Property, Plant and Equipment, NetUSD | 1,170,000,000Source | 1,511,000,000Source | 1,773,000,000Source | 1,786,000,000Source |
| GoodwillUSD | 1,807,000,000Source | 1,815,000,000Source | 1,815,000,000Source | 1,812,000,000Source |
| Intangible Assets, Net (Excluding Goodwill)USD | 943,000,000Source | 1,004,000,000Source | 1,064,000,000Source | 1,127,000,000Source |
| Current assets: | ||||
| Cash and Cash Equivalents, at Carrying ValueUSD | 146,000,000Source | 164,000,000Source | 531,000,000Source | 197,000,000Source |
| Accounts Receivable, after Allowance for Credit Loss, CurrentUSD | 406,000,000Source | 426,000,000Source | 448,000,000Source | 474,000,000Source |
| Inventory, NetUSD | 762,000,000Source | 852,000,000Source | 1,062,000,000Source | 854,000,000Source |
| Assets, CurrentUSD | 1,475,000,000Source | 1,589,000,000Source | 2,219,000,000Source | 1,862,000,000Source |
| Operating Lease, Right-of-Use AssetUSD | 264,000,000Source | 263,000,000Source | 262,000,000Source | 278,000,000Source |
| Other Assets, NoncurrentUSD | 218,000,000Source | 213,000,000Source | 173,000,000Source | 149,000,000Source |
| LIABILITIES AND EQUITY | ||||
| LiabilitiesUSD | 4,769,000,000Source | 5,046,000,000Source | 5,753,000,000Source | 5,733,000,000Source |
| Stockholders’ equity: | ||||
| Preferred Stock, Value, IssuedUSD | 0Source | 0Source | 0Source | 0Source |
| Common Stock, Value, IssuedUSD | 0Source | 0Source | 0Source | 0Source |
| Additional Paid in CapitalUSD | 683,000,000Source | 676,000,000Source | 647,000,000Source | 625,000,000Source |
| Retained Earnings (Accumulated Deficit)USD | 496,000,000Source | 706,000,000Source | 1,003,000,000Source | 758,000,000Source |
| Accumulated Other Comprehensive Income (Loss), Net of TaxUSD | -74,000,000Source | -37,000,000Source | -102,000,000Source | -99,000,000Source |
| Stockholders' Equity Attributable to ParentUSD | 1,105,000,000Source | 1,345,000,000Source | 1,548,000,000Source | 1,284,000,000Source |
| Liabilities and EquityUSD | 5,877,000,000Source | 6,395,000,000Source | 7,306,000,000Source | 7,021,000,000Source |
| Current liabilities: | ||||
| Liabilities, CurrentUSD | 960,000,000Source | 796,000,000Source | 914,000,000Source | 819,000,000Source |
| Operating Lease, Liability, CurrentUSD | 63,000,000Source | 64,000,000Source | 65,000,000Source | 61,000,000Source |
| Accounts Payable, CurrentUSD | 339,000,000Source | 300,000,000Source | 388,000,000Source | 364,000,000Source |
| Operating Lease, Liability, NoncurrentUSD | 217,000,000Source | 217,000,000Source | 209,000,000Source | 229,000,000Source |
| Deferred Income Tax Liabilities, NetUSD | 223,000,000Source | 244,000,000Source | 319,000,000Source | 246,000,000Source |
| Other Liabilities, NoncurrentUSD | 125,000,000Source | 161,000,000Source | 146,000,000Source | 140,000,000Source |
| Stockholders' Equity Attributable to Noncontrolling InterestUSD | 3,000,000Source | 4,000,000Source | 5,000,000Source | 4,000,000Source |
| Additional Financial Items | ||||
| Accrued Liabilities, CurrentUSD | 298,000,000Source | 399,000,000Source | 415,000,000Source | 315,000,000Source |
| Deferred Tax Liabilities, NetUSD | 215,000,000Source | 231,000,000Source | 312,000,000Source | 239,000,000Source |
cash flow · annual statements
| Line item | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|
| Cash flows from operating activities: | ||||
| Net Income (Loss), Including Portion Attributable to Noncontrolling InterestUSD | -133,000,000Source | -220,000,000Source | 320,000,000Source | 25,000,000Source |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||
| Depreciation, Depletion and AmortizationUSD | 289,000,000Source | 327,000,000Source | 339,000,000Source | 344,000,000Source |
| Share-based Payment Arrangement, Noncash ExpenseUSD | 26,000,000Source | 31,000,000Source | 24,000,000Source | 11,000,000Source |
| Changes in operating assets and liabilities: | ||||
| Increase (Decrease) in Accounts ReceivableUSD | -7,000,000Source | -41,000,000Source | -29,000,000Source | 77,000,000Source |
| Increase (Decrease) in InventoriesUSD | 18,000,000Source | -176,000,000Source | 246,000,000Source | 8,000,000Source |
| Increase (Decrease) in Accounts PayableUSD | 43,000,000Source | -70,000,000Source | 16,000,000Source | 50,000,000Source |
| Deferred Income Tax Expense (Benefit)USD | -18,000,000Source | 93,000,000Source | 81,000,000Source | -27,000,000Source |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | 395,000,000Source | 534,000,000Source | 414,000,000Source | 261,000,000Source |
| Cash flows from investing activities: | ||||
| Payments to Acquire Businesses, Net of Cash AcquiredUSD | — | — | 2,000,000Source | 374,000,000Source |
| Net Cash Provided by (Used in) Investing ActivitiesUSD | -156,000,000Source | -272,000,000Source | 102,000,000Source | -658,000,000Source |
| Payments for (Proceeds from) Other Investing ActivitiesUSD | -13,000,000Source | -12,000,000Source | -2,000,000Source | — |
| Cash flows from financing activities: | ||||
| Net Cash Provided by (Used in) Financing ActivitiesUSD | -275,000,000Source | -633,000,000Source | -193,000,000Source | 147,000,000Source |
| Payments of Ordinary Dividends, Common StockUSD | 72,000,000Source | 71,000,000Source | 71,000,000Source | 71,000,000Source |
| Proceeds from (Payments for) Other Financing ActivitiesUSD | -33,000,000Source | -15,000,000Source | -10,000,000Source | -5,000,000Source |
| Repayments of Long-term DebtUSD | 795,000,000Source | 547,000,000Source | 112,000,000Source | 1,280,000,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate EffectUSD | -41,000,000Source | -370,000,000Source | 319,000,000Source | -254,000,000Source |
| Supplemental disclosure of cash flow information: | ||||
| Interest Paid, Excluding Capitalized Interest, Operating ActivitiesUSD | 223,000,000Source | 253,000,000Source | 223,000,000Source | 166,000,000Source |
| Income Taxes Paid, NetUSD | 62,000,000Source | 73,000,000Source | 72,000,000Source | -19,000,000Source |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | — | — | — | -4,000,000Source |
| Additional Financial Items | ||||
| Amortization of Debt Issuance CostsUSD | — | — | 2,000,000Source | 3,000,000Source |
| Amortization of Debt Issuance Costs and DiscountsUSD | 5,000,000Source | 5,000,000Source | — | — |
| DepreciationUSD | 246,000,000Source | 540,000,000Source | 278,000,000Source | 289,000,000Source |
| Depreciation, NonproductionUSD | 25,000,000Source | 32,000,000Source | 24,000,000Source | 24,000,000Source |
| Equity Method Investment, Realized Gain (Loss) on DisposalUSD | — | — | 27,000,000Source | — |
| Foreign Currency Transaction Gain (Loss), before TaxUSD | — | — | -2,000,000Source | 1,000,000Source |
| Foreign Currency Transaction Gain (Loss), UnrealizedUSD | 2,000,000Source | -6,000,000Source | -3,000,000Source | -2,000,000Source |
| Gain (Loss) on Disposition of AssetsUSD | 1,000,000Source | -2,000,000Source | 266,000,000Source | — |
| Gain (Loss) on Sale of DerivativesUSD | 11,000,000Source | 9,000,000Source | — | — |
| Gain (Loss) Related to Litigation SettlementUSD | — | — | 15,000,000Source | — |
| Gain (Loss) on Extinguishment of DebtUSD | -6,000,000Source | — | — | — |
| GoodwillUSD | 1,807,000,000Source | 1,815,000,000Source | 1,815,000,000Source | 1,812,000,000Source |
| Goodwill, Impairment LossUSD | — | 0Source | — | — |
| Impairment of Intangible Assets, Indefinite-lived (Excluding Goodwill)USD | 0Source | 0Source | — | — |
| Income (Loss) from Continuing Operations, Net of Tax, Attributable to ParentUSD | -136,000,000Source | -225,000,000Source | 317,000,000Source | 31,000,000Source |
| Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling InterestUSD | -133,000,000Source | -222,000,000Source | 319,000,000Source | 33,000,000Source |
| Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling InterestUSD | — | 2,000,000Source | 1,000,000Source | -8,000,000Source |
| Income (Loss) from Discontinued Operations, Net of Tax, Attributable to ParentUSD | — | 2,000,000Source | 1,000,000Source | -8,000,000Source |
| Income Tax Expense (Benefit)USD | 29,000,000Source | -3,000,000Source | 149,000,000Source | -4,000,000Source |
| Investment Income, InterestUSD | 4,000,000Source | 12,000,000Source | 6,000,000Source | 2,000,000Source |
| Net Income (Loss) Attributable to ParentUSD | -136,000,000Source | -223,000,000Source | 318,000,000Source | 23,000,000Source |
| Net Income (Loss) Attributable to Noncontrolling InterestUSD | 3,000,000Source | 3,000,000Source | 2,000,000Source | 2,000,000Source |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | -139,000,000Source | -226,000,000Source | 316,000,000Source | — |
| Nonoperating Income (Expense)USD | 20,000,000Source | -8,000,000Source | 49,000,000Source | 101,000,000Source |
| Other Nonoperating Income (Expense)USD | 2,000,000Source | — | -2,000,000Source | -4,000,000Source |
| Other Operating Income (Expense), NetUSD | 10,000,000Source | 2,000,000Source | 281,000,000Source | 20,000,000Source |
| Payments of Financing CostsUSD | — | — | — | 6,000,000Source |
| Payments to Acquire InvestmentsUSD | 23,000,000Source | — | — | — |
| Pension Expense (Reversal of Expense), NoncashUSD | -20,000,000Source | 8,000,000Source | -49,000,000Source | -101,000,000Source |
| Proceeds from Issuance of Long-term DebtUSD | — | — | — | 1,510,000,000Source |
| Restructuring Costs and Asset Impairment ChargesUSD | 382,000,000Source | 476,000,000Source | 58,000,000Source | 9,000,000Source |
| Unrealized Gain (Loss) on DerivativesUSD | 4,000,000Source | -1,000,000Source | -4,000,000Source | -7,000,000Source |
income statement · annual statements
| Line item | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|
| Total RevenueUSD | 5,148,000,000Source | 5,510,000,000Source | 6,220,000,000Source | 5,437,000,000Source |
| Cost of RevenueUSD | 4,184,000,000Source | 4,777,000,000Source | 5,223,000,000Source | 4,863,000,000Source |
| Selling, General and Administrative ExpenseUSD | 500,000,000Source | 536,000,000Source | 583,000,000Source | 466,000,000Source |
| Operating Income (Loss)USD | 110,000,000Source | 28,000,000Source | 637,000,000Source | 119,000,000Source |
| Other Nonoperating Income (Expense)USD | 2,000,000Source | — | -2,000,000Source | -4,000,000Source |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling InterestUSD | -104,000,000Source | -225,000,000Source | 468,000,000Source | 29,000,000Source |
| Income Tax Expense (Benefit)USD | 29,000,000Source | -3,000,000Source | 149,000,000Source | -4,000,000Source |
| Net Income (Loss) Attributable to Noncontrolling InterestUSD | 3,000,000Source | 3,000,000Source | 2,000,000Source | 2,000,000Source |
| Net Income (Loss) Attributable to ParentUSD | -136,000,000Source | -223,000,000Source | 318,000,000Source | 23,000,000Source |
| Earnings Per Share, BasicUSD per share | -0.77Source | -1.26Source | 1.78Source | 0.13Source |
| Earnings Per Share, DilutedUSD per share | -0.77Source | -1.26Source | 1.77Source | 0.13Source |
| Weighted Average Number of Shares Outstanding, Basicshares | 180,300,000Source | 178,700,000Source | 177,800,000Source | 177,400,000Source |
| Weighted Average Number of Shares Outstanding, Dilutedshares | 180,300,000Source | 178,700,000Source | 178,400,000Source | 177,700,000Source |
| Additional Financial Items | ||||
| Current Income Tax Expense (Benefit)USD | 47,000,000Source | 90,000,000Source | 68,000,000Source | 23,000,000Source |
| Foreign Currency Transaction Gain (Loss), before TaxUSD | — | — | -2,000,000Source | 1,000,000Source |
| Gain (Loss) Related to Litigation SettlementUSD | — | — | 15,000,000Source | — |
| Goodwill, Impairment LossUSD | — | 0Source | — | — |
| Gross ProfitUSD | 964,000,000Source | 733,000,000Source | 997,000,000Source | 574,000,000Source |
| Income (Loss) from Continuing Operations, Net of Tax, Attributable to ParentUSD | -136,000,000Source | -225,000,000Source | 317,000,000Source | 31,000,000Source |
| Income (Loss) from Continuing Operations before Income Taxes, DomesticUSD | -153,000,000Source | -308,000,000Source | 385,000,000Source | -41,000,000Source |
| Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling InterestUSD | -133,000,000Source | -222,000,000Source | 319,000,000Source | 33,000,000Source |
| Income (Loss) from Continuing Operations, Per Basic ShareUSD per share | -0.77Source | -1.28Source | 1.77Source | 0.17Source |
| Income (Loss) from Continuing Operations, Per Diluted ShareUSD per share | -0.77Source | -1.28Source | 1.77Source | 0.17Source |
| Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling InterestUSD | — | 2,000,000Source | 1,000,000Source | -8,000,000Source |
| Income (Loss) from Discontinued Operations, Net of Tax, Attributable to ParentUSD | — | 2,000,000Source | 1,000,000Source | -8,000,000Source |
| Interest Income (Expense), Nonoperating, NetUSD | -234,000,000Source | -245,000,000Source | -218,000,000Source | -191,000,000Source |
| Investment Income, InterestUSD | 4,000,000Source | 12,000,000Source | 6,000,000Source | 2,000,000Source |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | -139,000,000Source | -226,000,000Source | 316,000,000Source | — |
| Net Income (Loss) from Continuing Operations Available to Common Shareholders, BasicUSD | -139,000,000Source | -228,000,000Source | 315,000,000Source | — |
| Nonoperating Income (Expense)USD | 20,000,000Source | -8,000,000Source | 49,000,000Source | 101,000,000Source |
| Other Operating Income (Expense), NetUSD | 10,000,000Source | 2,000,000Source | 281,000,000Source | 20,000,000Source |
Filing attachments
ptve-ex99_1.htm · 8-K · 2025-03-28
EX-99.1 2 ptve-ex99_1.htm EX-99.1 EX-99.1 Exhibit 99.1 Pactiv Evergreen Inc. Announces Receipt of All Required Regulatory Approvals for Planned Acquisition by Novolex LAKE FOREST, Ill., March 28, 2025 - Pactiv Evergreen Inc. (“Pactiv Evergreen” or the “Company”) (NASDAQ: PTVE) today announced that all required regulatory approvals have been received in connection with the Company’s previously announced definitive agreement to be acquired by Novolex® for $18.00 per share in cash. As a re…
Read attachment ↗ptve-ex99_1.htm · 8-K · 2025-03-25
EX-99.1 2 ptve-ex99_1.htm EX-99.1 EX-99.1 Exhibit 99.1 Novolex Announces Pricing of Cash Tender Offer for 7.950% Debentures due 2025 of Pactiv LLC CHARLOTTE, N.C. - March 24, 2025 - Novolex Holdings, LLC (“Novolex” or the “Offeror”) announced today the consideration payable in connection with its previously announced offer to purchase for cash any and all of the $217,298,000 aggregate principal amount of outstanding 7.950% Debentures due 2025 (the “Notes”) issued by Pactiv LLC (f/k/a Tenn…
Read attachment ↗ptve-ex99_2.htm · 8-K · 2025-03-25
EX-99.2 3 ptve-ex99_2.htm EX-99.2 EX-99.2 Exhibit 99.2 Novolex Announces Early Tender Results of Cash Tender Offer for 7.950% Debentures due 2025 of Pactiv LLC CHARLOTTE, N.C. - March 25, 2025 - Novolex Holdings, LLC (“Novolex” or the “Offeror”) announced today the early tender results of its previously announced offer to purchase for cash any and all of the $217,298,000 aggregate principal amount of outstanding 7.950% Debentures due 2025 (the “Notes”) issued by Pactiv LLC (f/k/a Tenneco …
Read attachment ↗ptve-ex99_1.htm · 8-K · 2025-03-11
EX-99.1 2 ptve-ex99_1.htm EX-99.1 EX-99.1 Exhibit 99.1 Novolex Announces Cash Tender Offer for 7.950% Debentures due 2025 of Pactiv LLC CHARLOTTE, N.C. - March 10, 2025 - Novolex Holdings, LLC (“Novolex” or the “Offeror”) announced today its offer to purchase for cash any and all of the $217,298,000 aggregate principal amount of outstanding 7.950% Debentures due 2025 (the “Notes”) issued by Pactiv LLC (f/k/a Tenneco Packaging Inc.) (“Pactiv LLC”), a wholly-owned subsidiary of Pactiv Everg…
Read attachment ↗ptve-ex99_1.htm · 8-K · 2025-01-21
EX-99.1 2 ptve-ex99_1.htm EX-99.1 EX-99.1 Exhibit 99.1 Pactiv Evergreen Inc. Announces Expiration of Hart-Scott-Rodino Waiting Period for Planned Acquisition by Novolex LAKE FOREST, Ill., January 21, 2025 - Pactiv Evergreen Inc. (“Pactiv Evergreen” or the “Company”) (NASDAQ: PTVE) today announced the expiration of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 in connection with the Company’s previously announced definitive agreement to be acquired by N…
Read attachment ↗