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    Phil Ng

    Managing Director and Senior Equity Research Analyst at Jefferies

    Phil Ng is a Managing Director and Senior Equity Research Analyst at Jefferies, specializing in the coverage of the Paper & Packaging, Containers, and Consumer Cyclical sectors. He covers major companies including Ball Corporation, International Paper Co, Janus, and related packaging firms, and is recognized for his consistently strong performance, with an average return of 9.4% and a 55% success rate on recommended stocks according to TipRanks. Ng began his career prior to his current tenure at Jefferies, where he has consistently ranked among top analysts—achieving a No. 2 ranking in Institutional Investor’s All-America Research Team in Paper & Packaging. He holds key industry credentials including FINRA registrations and relevant securities licenses.

    Phil Ng's questions to BERY leadership

    Phil Ng's questions to BERY leadership • Q1 2024

    Question

    Asked about recent volume trends, the ability to achieve flat EBITDA in Q2, the outlook for price/cost, and the current environment for pricing conversations with customers.

    Answer

    The company expects improvement in Q2 from cost-saving levers and sees early signs of recovery in some industrial segments. The price/cost dynamic is expected to be relatively neutral in Q2. Pricing conversations with customers are manageable because while Berry is recovering non-resin inflation, customers are still seeing a lower net price due to the significant drop in resin costs from their peak.

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