SUGAR LAND--December 4, 2012--Researched by Industrial Info Resources (Sugar Land, Texas)--After transitioning as a public company last month, which some investors had a healthy dose of skepticism about, Berry Plastics Group Incorporated (NYSE:BERY) (Evansville, Indiana) revealed fourth quarter and full year financial results in a conference call on November 26, 2012. (A transcription of the conference call can be found at www.seekingalpha.com.) Berry Plastics went public as a way to reduce debt. The proceeds from the initial public offering "went to retire the company's 11% senior subordinated notes," James Kratochvil, Berry's chief financial officer, said. Jonathan Rich, the Berry's chairman and CEO, explained that "improved product mix, aggressive cost reduction initiative, and lower cost for raw materials" that were coupled with higher prices in some of the company's product segments, allowed the company to have record earnings.