Fiscal 2025 third quarter results 30 April, 2025 US 1 May, 2025 Australia 1 Peter Konieczny CEO Michael Casamento CFO Disclaimers Cautionary Statement Regarding Forward-Looking Statements Unless otherwise indicated, references to "Amcor," the "Company," "we," "our," and "us" in this document refer to Amcor plc and its consolidated subsidiaries. This document contains certain statements that are "forward-looking statements" within the meaning of the safe harbor provisions of the U.S. Private Securities Litig ...

Financial Performance - Amcor reported net sales of $9,927 million for the nine months ended March 31, 2025, a decrease of 2% compared to the previous year[9]. - Adjusted EPS for fiscal 2025 is projected to be between 72-74 cents per share, with adjusted free cash flow expected to be $900-1,000 million[1]. - Adjusted EBIT for the nine months ended March 31, 2025, was $1,112 million, reflecting a 3% increase on a comparable constant currency basis[11]. - The Flexibles segment reported net sales of $7,667 million, up 1% compared to the previous year, with an adjusted EBIT margin of 13.1%[21]. - The Rigid Packaging segment experienced a 10% decline in net sales to $728 million, primarily due to the divestment of the Bericap Joint Venture[28]. - Net sales for the nine months ended March 31, 2025, were $9,927 million, an 8% decrease compared to $10,105 million in the prior year, with a 2% unfavorable impact from foreign exchange rates[32]. - Adjusted EBIT for the same period was $171 million, approximately 1% lower than last year, with an adjusted EBIT margin of 7.6%, which is 10 basis points higher than the previous year[35]. - Adjusted free cash outflow for the nine months ended March 31, 2025, was $17 million, a significant decline from an inflow of $115 million in the prior year, primarily due to higher inventories[39]. - The company reported a net income of $557 million for the nine months ended March 31, 2025, compared to $479 million in the prior year[52]. - For the three months ended March 31, 2025, adjusted EBITDA was $477 million, a decrease of 4% compared to the previous year[56]. - Net income attributable to Amcor for the nine months ended March 31, 2025, increased to $550 million, up from $473 million in the same period last year, representing a growth of 16.3%[58]. - Adjusted EPS for the three months ended March 31, 2025, was 13.6 US cents, compared to 12.9 US cents for the same period in 2024, reflecting a growth of 5.4%[56]. - The company reported adjusted free cash flow of $20 million for the three months ended March 31, 2025, down from $63 million in the same period last year[56]. - Adjusted EBIT for the three months ended March 31, 2025, was $384 million, a decrease of 3% from $397 million in the same period last year[61]. - The adjusted EBIT margin for the three months ended March 31, 2025, was 11.5%, compared to 11.6% in the same period last year[61]. Merger and Integration - The merger with Berry Global is expected to deliver $650 million in identified synergies over three years, with $260 million of pre-tax synergies anticipated in fiscal 2026[2]. - The company is positioned for faster integration with Berry Global following the merger closure, enhancing its customer offerings and innovation capabilities[2]. - Amcor completed the merger with Berry Global Group, Inc. on April 30, 2025, which is expected to enhance operational synergies[67]. - Risks associated with the merger include integration challenges, unexpected costs, and potential litigation, which could adversely affect business operations[67]. Cash Flow and Debt - Cash and cash equivalents increased to $2,045 million as of March 31, 2025, up from $457 million at the beginning of the year[53]. - Net debt as of March 31, 2025, was $6,752 million, with leverage at 3.5 times adjusted trailing twelve-month EBITDA, expected to decrease to approximately 3.4 times by June 30, 2025[40]. - Net debt increased from $6,111 million as of June 30, 2024, to $6,752 million as of March 31, 2025[66]. Market and Economic Conditions - North America beverage comparable constant currency net sales and volumes declined in the high single-digit range, while Latin America saw mid-single-digit growth due to favorable price/mix benefits[34]. - Management has indicated that rising interest rates could increase borrowing costs and negatively impact financial condition[68]. - The company faces significant competition and changing consumer demand patterns, which may affect its ability to expand effectively[67]. - The company is exposed to various risks including cybersecurity threats, climate change impacts, and regulatory changes that could affect operations[68]. Tax and Regulatory - For the nine months ended March 31, 2025, GAAP income tax expense was $141 million, compared to $107 million in the prior year, with an effective tax rate of 17.8%[38]. - The company emphasizes the importance of non-GAAP measures such as adjusted EBITDA and adjusted net income for evaluating performance, excluding non-recurring items[69]. - Amcor's guidance is provided on a non-GAAP basis due to uncertainties in predicting certain significant forward-looking items[71]. - The company has received a waiver from ASX's settlement operating rules, allowing deferral of processing conversions between its ordinary share and CDI registers from May 21, 2025, to May 22, 2025[72]. Inflation and Restructuring - The impact of highly inflationary accounting for the nine months ended March 31, 2025, was $8 million, compared to $55 million in the same period last year[58]. - The company incurred restructuring and related expenses of $35 million for the nine months ended March 31, 2025, down from $82 million in the same period last year[58].

Core Insights - Amcor has successfully completed its all-stock combination with Berry Global, enhancing its position as a global leader in consumer and healthcare packaging solutions [2][3][4] - The merger is expected to deliver significant synergies, with an estimated $650 million in total synergies by the end of fiscal year 2028, leading to an adjusted EPS accretion of approximately 12% in fiscal year 2026 [1][4] - The company anticipates annual cash flow exceeding $3 billion by fiscal year 2028, providing substantial capacity for organic reinvestment, value-accretive M&A, and shareholder returns through dividends and share repurchases [1][4] Financial Projections - Amcor expects to achieve $260 million in pre-tax synergies in fiscal 2026, contributing to the overall EPS growth [4] - By the end of fiscal 2028, total pre-tax synergy benefits are projected to reach approximately $650 million, along with an additional $280 million in one-time cash benefits from working capital improvements [4] - The expected annual cash flow of over $3 billion by fiscal 2028 will enhance the company's ability to invest in growth and return value to shareholders [1][4] Strategic Positioning - The merger allows Amcor to refine its portfolio, enhance average growth rates, margins, and cash generation, positioning the company to meet evolving customer and consumer needs [2][3][5] - Amcor's CEO emphasized the importance of leveraging the combined company's global footprint and enhanced innovation capabilities to drive consistent growth and improve margins [4][5] - The integration of Amcor and Berry Global is expected to create a stronger company with a broader offering for customers, ultimately driving long-term value creation for shareholders [4][5]

Amcor Plc (AMCR) is scheduled to report third-quarter fiscal 2025 results on April 30, after the closing bell.The Zacks Consensus Estimate for AMCR’s fiscal third-quarter revenues is pegged at $3.51 billion, indicating 2.9% growth from the year-ago reported figure.The consensus estimate for earnings is pegged at 18 cents per share. The consensus estimate indicates in-line results with the year-ago quarter. The estimate has moved down 5.3% in the past 60 days.  Image Source: Zacks Investment Research AMCR’s ...

ZURICH, April 25, 2025 /PRNewswire/ -- Amcor plc ("Amcor") (NYSE: AMCR, ASX: AMC) will announce its fiscal 2025 third quarter results for the three month period ended March 31, 2025, after the U.S. market closes on Wed., April 30, 2025. A conference call and webcast to discuss Amcor's results will be held at 5.30 p.m. U.S. Eastern Daylight Time on Wed., April 30 / 7.30 a.m. Australian Eastern Standard Time on Thurs., May 1. For those wishing to participate in the call, please use the following dial-in numbe ...

Unconditional approval satisfies final regulatory clearance; closing expected April 30, 2025ZURICH and EVANSVILLE, Ind., April 25, 2025 /PRNewswire/ -- Amcor plc ("Amcor") (NYSE: AMCR, ASX: AMC) and Berry Global Group, Inc. ("Berry") (NYSE: BERY) today announced the European Commission (EC) has granted unconditional approval under the EU Merger Regulation for the previously announced combination of the two companies, satisfying the final regulatory clearance required. In accordance with the merger agreement ...

The market expects Amcor (AMCR) to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended March 2025. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.The stock might move higher if these key numbers top expectations in the upcoming earnings report. On the other hand, if they miss, the st ...

Amcor Plc (AMCR) announced the completion of construction of its state-of-the-art coating facility for healthcare packaging in Selangor, MY. This move expands Amcor’s existing healthcare packaging plant in Selangor.AMCR’s Facility to Set Standard EfficiencyWith the construction of the new facility, Amcor created an integrated campus that will enable the company to produce top and bottom substrates for medical device packaging in Asia. This will result in improved supply-chain stability and shorter lead time ...

ZURICH, April 14, 2025 /PRNewswire/ -- Amcor (NYSE: AMCR, ASX: AMC), a global leader in developing and producing responsible packaging solutions, has been recognized with an 'AA' rating by MSCI ESG Research for its strong sustainability performance. This rating underscores Amcor's commitment to environmental, social and governance (ESG) leadership and highlights its progress in advancing more sustainable packaging solutions. Amcor has been recognized with an ‘AA’ rating by MSCI ESG Research for its stro ...

Amcor (AMCR) shares rallied 5.3% in the last trading session to close at $9.02. This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock's 14.3% loss over the past four weeks.Amcor’s shares got a boost yesterday after U.S President Trump announced a 90-day pause on certain tariffs for most countries (except China). Amcor operates in around 212 principal manufacturing sites spanning more than 40 countries.This packaging ...