Financial Performance - Adjusted EPS for fiscal 2025 is projected to be between 72-76 cents per share, with Adjusted Free Cash Flow expected to be $900-1,000 million[2]. - Net sales for the first half of fiscal 2025 were $6,594 million, a 1% decrease compared to the previous year, impacted by foreign exchange rates[11]. - Adjusted EBIT for the first half of fiscal 2025 was $728 million, reflecting a 4% increase on a comparable constant currency basis[13]. - The company reported a GAAP net income of $354 million for the first half of fiscal 2025, with diluted EPS of 24.4 cents[4]. - Overall volume growth for the first half of fiscal 2025 was up 2%, with price/mix having an unfavorable impact of approximately 3%[12]. - On a comparable constant currency basis, net sales were approximately 3% lower than last year, reflecting approximately 2% lower volumes and an unfavorable price/mix impact of approximately 1%[35]. - Adjusted EBIT of $115 million was approximately 6% higher than last year on a comparable constant currency basis, with an adjusted EBIT margin of 7.5%, which is 60 basis points higher than last year[36]. - For the six months ended December 31, 2024, adjusted free cash outflow was $38 million, compared to an inflow of $52 million last year[40]. - The company reported a comparable constant currency growth of -1% for total net sales in the six months ended December 31, 2024[65]. - Adjusted EBITDA for the six months ended December 31, 2024, was $919 million, slightly up from $913 million in 2023, indicating a growth of 0.7%[70]. - Adjusted EBIT for the six months ended December 31, 2024, reached $728 million, compared to $709 million in 2023, reflecting a growth of 2.7%[75]. - The total EBIT for the six months ended December 31, 2024, was $608 million, an increase from $510 million in the same period of 2023, showing a growth of 19.2%[75]. Segment Performance - The Flexibles segment achieved net sales of $5,062 million, with a 3% increase in Adjusted EBIT to $651 million on a comparable constant currency basis[29]. - The Rigid Packaging segment reported net sales of $730 million, a 5% decrease from the previous year, with an Adjusted EBIT of $53 million, up 10% on a comparable constant currency basis[33]. - North America beverage comparable net sales and volumes declined at a mid single digit rate, while Latin America saw comparable net sales up mid single digits due to favorable price/mix benefits[35]. - The adjusted EBIT margin for the Rigid segment was 12.9% for the six months ended December 31, 2024, compared to 12.6% in 2023[75]. Cash Flow and Debt - Net debt was $6,496 million at December 31, 2024, with leverage measured at 3.3 times adjusted trailing twelve month EBITDA, expected to be at or below 3.0x by June 30, 2025[40]. - The net debt increased from $6,111 million as of June 30, 2024, to $6,496 million by December 31, 2024[77]. - The company reported an adjusted free cash flow of $(38) million for the six months ended December 31, 2024, down from $52 million in 2023[70]. Dividends and Shareholder Returns - The company declared a quarterly cash dividend of 12.75 cents per share, an increase from 12.5 cents per share in the same quarter last year[7]. - Basic earnings per share attributable to Amcor for the three months ended December 31, 2024, rose to $0.113, compared to $0.093 for the same period in 2023, marking a growth of 21.5%[60]. - The company reported an adjusted EPS of 24.4 US cents for the six months ended December 31, 2024, up from 19.8 US cents in 2023, marking a 23.2% increase[70]. Strategic Initiatives - The combination with Berry Global is expected to generate $650 million in identified synergies and enhance growth opportunities[3]. - The company continues to expect a range of factors that create uncertainty in estimating future financial results, including the potential impact from the merger with Berry Global[41]. - The company is focused on developing responsible packaging solutions and aims to increase the recyclability and use of recycled content in its products[47]. Miscellaneous - In the December 2024 quarter, net sales were $3,241 million, consistent with the previous year, despite a 1% negative impact from foreign exchange rates[14]. - Amcor's net sales for the three months ended December 31, 2024, were $3,241 million, a decrease of 0.3% compared to $3,251 million in the same period of 2023[60]. - Gross profit for the six months ended December 31, 2024, increased to $1,285 million, up from $1,266 million in the same period of 2023, reflecting a growth of 1.5%[60]. - Operating income for the three months ended December 31, 2024, was $297 million, representing a 22.8% increase from $242 million in the same period of 2023[60]. - Cash and cash equivalents at the end of the period increased to $445 million from $430 million at the end of the previous period[62]. - Amcor's net cash provided by operating activities for the six months ended December 31, 2024, was $159 million, down from $228 million in the same period of 2023[62]. - The company incurred restructuring and related expenses of $29 million in the six months ended December 31, 2024, down from $52 million in 2023[70]. - The impact of highly inflationary accounting was $5 million for the six months ended December 31, 2024, compared to $51 million in 2023[70]. - The conference call to discuss these results is scheduled for February 4, 2025, at 8:00 am US Eastern Standard Time[42].

December 2024 Quarter Highlights: Further sequential improvement in year over year volume growth; Net sales of $3,241 million; GAAP Net income of $163 million; GAAP diluted earnings per share (EPS) of 11.3 cps; Adjusted EBIT of $363 million, up 5% on a comparable constant currency basis; Adjusted EPS of 16.1 cps, up 5% on a comparable constant currency basis; and Announced highly complementary and financially compelling combination with Berry GlobalFiscal 2025 First Half Highlights: Net sales of $6,594 mill ...

Amcor Plc (AMCR) is scheduled to report second-quarter fiscal 2025  results on Feb. 4, after the closing bell.Find the latest EPS estimates and surprises on Zacks Earnings Calendar.The Zacks Consensus Estimate for AMCR’s second-quarter revenues is pegged at $3.44 billion, indicating 5.8% growth from the year-ago reported figure.The consensus estimate for earnings is pegged at 16 cents per share. The consensus estimate has been unchanged in the past 60 days and indicates in-line results with the year-ago qua ...

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ZURICH, Jan. 21, 2025 /PRNewswire/ -- Amcor plc (NYSE: AMCR; ASX: AMC) will announce its fiscal 2025 second quarter and half year results for the three and six month period ended 31 December 2024 respectively, before the US market opens on Tuesday 4 February 2025.   A conference call and webcast to discuss the results will be held at 8.00am US Eastern Standard Time on Tuesday 4 February 2025 / 12.00am Australian Eastern Daylight Time on Wednesday 5 February 2025.  For those wishing to participate in the cal ...

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Core Insights - Amcor has been included in the Dow Jones Sustainability Indices (DJSI): Australia Index, highlighting its commitment to environmental, social, and governance (ESG) sustainability performance [1][2] - The company ranked within the top 12% of the packaging and containers industry, reaffirming its leadership position in sustainability [1] - Amcor aims to advance its leadership in innovation and sustainability through partnerships and strategic investments across the value chain [4] Company Overview - Amcor is a global leader in developing and producing responsible packaging solutions across various materials for multiple sectors, including food, beverage, pharmaceutical, and personal care [5] - The company generated $13.6 billion in annual sales in fiscal year 2024, employing 41,000 people across 212 locations in 40 countries [5] - Amcor focuses on creating packaging that is increasingly recyclable, reusable, lighter weight, and made with a higher percentage of recycled content [5] Industry Context - The DJSI were launched in 1999 as the first series of global sustainability benchmarks, measuring the performance of companies based on ESG criteria [3] - The index family includes global, regional, and country indices, which are float-adjusted and market-capitalization-weighted [3]

ZURICH, Dec. 30, 2024 /PRNewswire/ -- Amcor (NYSE: AMCR, ASX: AMC), a global leader in developing and producing responsible packaging solutions, announced today it completed the sale of its 50% interest in Bericap North America (BCNA) for $122 million on December 27, with the proceeds used to reduce debt. Amcor completed the sale of its 50% interest in Bericap North America (BCNA) for $122 million, with the proceeds used to reduce debt. Fiscal 2024 total sales for the joint venture were approximately $1 ...

Amcor plc (AMCR) has entered into an agreement with Kolon Industries to co-develop and commercialize more sustainable polyester materials for selected applications in Amcor's flexible packaging business. With the combination of Amcor's expertise in innovative packaging with Kolon’s high-polymer manufacturing technology, the companies strive to create more environmentally friendly packaging.Amcor and Kolon to Develop New TechnologiesKolon is a leading South Korean chemical materials manufacturer. It is devel ...