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Exhibit 99.1 Berry FOR IMMEDIATE RELEASE News Release Berry Global Group , Inc. Reports Strong First Quarter 2021 Results ; Raises Fiscal Year 2021 Earnings Guidance EVANSVILLE , Ind . - February 5 , 2021 - Berry Global Group , Inc. ( NYSE : BERY ) , a leading supplier of sustainable packaging solutions for consumer goods and industrial products , today reported its first fiscal quarter 2021 results , referred to in the following as the December 2020 quarter . • • • First Quarter Highlights ( all comparisons made to the December 2019 quarter ) Net sales of $ 3.1 billion ; 7 percent organic volume growth Operating income up 53 percent to $ 304 million Operating EBITDA up 20 percent to $ 539 million Net income per diluted share up 174 percent to $ 0.96 • Adjusted net income per diluted share increase of 100 percent to $ 1.12 Increased fiscal 2021 organic volume growth assumption by 2 percent , now targeting 4 percent Raised fiscal 2021 operating EBITDA guidance range by $ 25 million to $ 2.175 - $ 2.225 billion Reaffirmed cash flow from operations and free cash flow guidance Berry's Chairman and CEO Tom Salmon said , “ Berry's fiscal 2021 is off to an exceptional start with record first quarter financial results exceeding our expectations . Consumer demand for our products remains consistent and certain markets which previously experienced COVID - 19 headwinds are rebounding quicker than we expected . All segments delivered strong volume growth , collectively finishing the quarter with 7 percent organic volume growth , while operating EBITDA increased 20 percent in the quarter . The organically driven outperformance in this first fiscal quarter gives us confidence to raise our fiscal year 2021 outlooks for both operating EBITDA and organic volume growth . " Our businesses , across the globe , are clearly capitalizing on our strategy to drive profitable and sustainable organic volume growth . The continued positive momentum from our investments in areas such as health and wellness , food safety , and e - commerce along with the focus on growing our emerging market exposure , provide us the path to realize long - term consistent volume growth . Couple these drivers with our numerous efforts to drive more sustainable packaging and you have a lot to be excited about in the upcoming years here at Berry . " With normalized free cash flow of over $ 1 billion , we have a clear line - of - site to leverage in the 3.8 to 3.9 times range by the end of fiscal 2021. Once within our targeted leverage range of 3.0 to 3.9 times , our consistent and growing cash flow provides substantial capacity to create shareholder value with a balanced capital allocation approach that includes : reinvesting in the business to support continued organic growth , returning capital to shareholders , pursuing bolt - on acquisitions and further debt reductions while staying within our committed range . " Page 1