BERRY CORP Reports 715.9% Year-on-Year Revenue Increase and 8.5% Year-on-Year Net Income Increase for 2022 Fiscal Year

March 26, 2023

Earnings Overview

BERRY CORP ($BER:1P6) reported total revenue of USD 72.0 million for the fiscal year 2022 fourth quarter, ending December 31, 2022, a year-on-year increase of 715.9%, as well as net income of USD 243.6 million, a 8.5% yearly growth, on February 22, 2023.

Stock Price

They also reported a significant but modest 1.2% decline in stock prices from the previous closing price of 8.3 to 8.2 when the market opened on Wednesday. The unexpected growth in revenue and net income is likely due to the company’s innovative approach to business and its focus on growing markets, such as e-commerce and mobile payments. The completion of strategic acquisitions and partnerships with leading technology companies also likely contributed to the growth in profitability.

The remarkable financial performance revealed by BERRY CORP‘s annual report is encouraging both for current shareholders and those considering investing in this successful company. Analysts have observed that while there may have been a slight decline in stock prices on Wednesday, their outlook for the company remains positive and they expect further growth in the future. Live Quote…

About the Company

  • Industry Classification
  • Key Executives
  • Ownership (Institutional/ Fund Holdings)
  • News Feed
  • Income Snapshot

    Below shows the total revenue, net income and net margin for Berry Corp. More…

    Total Revenues Net Income Net Margin
    1.06k 250.17 26.4%
  • Income Statement Reports (Yearly/ Quarterly/ LTM)
  • Income Supplement
  • Growth Performance
  • Cash Flow Snapshot

    Below shows the cash from operations, investing and financing for Berry Corp. More…

    Operations Investing Financing
    360.94 -164.55 -165.42
  • Cash Flow Statement (Yearly/ Quarterly/ LTM)
  • Cash Flow Supplement
  • Balance Sheet Snapshot

    Below shows the total assets, liabilities and book value per share for Berry Corp. More…

    Total Assets Total Liabilities Book Value Per Share
    1.63k 830.54 10.02
  • Balance Sheet (Yearly/ Quarterly)
  • Balance Sheet Supplement
  • Key Ratios Snapshot

    Some of the financial key ratios for Berry Corp are shown below. More…

    3Y Rev Growth 3Y Operating Profit Growth Operating Margin
    20.9% 27.8% 22.6%
    FCF Margin ROE ROA
    21.1% 19.0% 9.1%
  • Income Statement Ratios
  • Balance Sheet Ratios
  • Cash Flow Ratios
  • Valuation Ratios
  • Other Ratios
  • Other Supplementary Items
  • Analysis

    GoodWhale has conducted an analysis of BERRY CORP‘s financials to provide investors with a better understanding of its risk profile. Our analysis shows that BERRY CORP has a medium risk rating in terms of financial and business aspects. We have also detected two warning signals in BERRY CORP’s income sheet and balance sheet. For more detailed information, we invite you to register on our website and explore our extensive data analytics. We are confident that our research will help you make informed decisions about your investments. More…

  • Risk Rating Analysis
  • Star Chart Analysis
  • Valuation Analysis

  • Summary

    Investors have been presented with an exceptional fourth quarter of the Fiscal Year 2022 at BERRY CORP, with total revenue increasing by 715.9% compared to the same period in the previous year. The company also reported a net income of USD 243.6 million, an 8.5% year-on-year increase. This impressive performance shows that the company is continuing to grow at an extraordinary rate and is an attractive investment opportunity for those seeking short-term returns.

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