Pactiv Evergreen Inc. (NASDAQ:PTVE) Q1 2022 Earnings Conference Call May 5, 2022 8:00 AM ET

Company Participants

Dhaval Patel - Head-Investor Relations & Strategy

Michael King - Chief Executive Officer

Michael Ragen - Chief Financial Officer

Conference Call Participants

Ghansham Panjabi - Baird

Chris Parkinson - Mizuho

Arun Viswanathan - RBC Capital Markets

George Staphos - Bank of America

Adam Samuelson - Goldman Sachs

Bryan Burgmeier - Citi

Anojja Shah - BMO Capital Markets

Kyle White - Deutsche Bank

Ed Brucker - Barclays

Andy Scheffer - Onex Credit Partners

James Finnerty - Citigroup

Operator

Good day, and welcome to the Pactiv Evergreen, Inc. First Quarter 2022 Earnings Conference Call. All participants will be in listen-only mode. [Operator Instructions] After today’s presentation, there will be an opportunity to ask questions. [Operator Instructions] Please note that this event is being recorded.

I would like to turn the conference over to Dhaval Patel, Head of IR and Strategy. Please go ahead.

Dhaval Patel

Thank you, operator and good morning, everyone. Thank you for your interest in Pactiv Evergreen and welcome to our first quarter 2022 earnings call. With me on the call today we have Michael King, Chief Executive Officer; and Michael Ragen, Chief Financial Officer.

Before we begin, please visit the Events section of the company's Investor Relations website at www.pactivevergreen.com and access the company's supplemental earnings presentation. Management's remarks today should be heard in tandem with reviewing this presentation.

Before we begin our formal remarks, I would like to remind everyone that our discussions today will include forward-looking statements and including statements regarding our guidance for 2022. These forward-looking statements are not guarantees of future performance and actual results could differ materially from those contemplated by our forward-looking statement. Therefore, you should not put undue reliance on those statements. These statements are also subject to numerous risks and uncertainties that could cause actual results to differ materially from what we expect.

We refer all of you to our recent SEC filings including our most recent Annual Report on Form 10-K and our upcoming quarterly report on Form 10-Q for more detailed discussion on these risks. The forward-looking statements we make on this call are based on information available to us as of today's date, and we disclaim any obligation to update any forward-looking statements except as required by law.

Lastly, during today's call, we will discuss certain GAAP and non-GAAP financial measures, which we believe can be useful in evaluating our performance. Our non-GAAP measures should not be considered in isolation or as a substitute for results prepared in accordance with GAAP and a reconciliation to the most directly comparable GAAP measures is available in our earnings release and in the appendix to today's presentation. Unless otherwise stated, all figures discussed during today's call are for continuing operations only.