Pactiv Evergreen reported Q2 2024 financial results, highlighting a strategic transformation. Key financials include Net Revenues of $1,338M, a 6% YoY decrease but a 7% QoQ increase. Net Income was $20M, compared to a net loss of $139M YoY and $10M QoQ. Adjusted EBITDA was $183M, down from $217M YoY but up from $168M QoQ. The company's Adjusted EPS reached $0.17, compared to $0.20 YoY and $0.14 QoQ. Temporary operational disruptions and end-market weakness impacted results. The sale of Pine Bluff and Waynesville facilities to Suzano is part of a strategic shift, expected to close in Q4 2024. Q2 results led to revised full-year guidance, reflecting continued market challenges. The company plans to incur substantial restructuring and capital costs through 2025 under its Footprint Optimization initiative.