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Amcor builds cutting-edge coating facility, enhancing healthcare packaging access in Asia Pacific
Prnewswire· 2025-04-10 02:00
Core Insights - Amcor has completed the construction of an advanced coating facility for healthcare packaging in Selangor, Malaysia, marking it as the first in Asia to utilize advanced air knife coating technology [1][2] - The new facility enhances supply chain resilience and reduces lead times for healthcare customers by producing both top and bottom substrates for medical device packaging [2][4] Facility Features - The facility is equipped with advanced technologies such as water-based coating systems, online inspection systems, and air knife technology, which ensures uniform coating application and reduces material waste [3] - The air knife technology utilizes high-speed air streams to enhance product consistency [3] Strategic Commitment - Amcor's investment in this facility demonstrates its commitment to supporting customers in the Asia Pacific region by boosting local production capacity and addressing the growing demand for sterile packaging [4] - The company has undertaken additional initiatives to expand its healthcare capabilities in the region, including the acquisition of MDK in China and the establishment of new production units in India and Singapore [4] Company Overview - Amcor is a global leader in responsible packaging solutions, generating $13.6 billion in annual sales from operations across 212 locations in 40 countries in fiscal year 2024 [5] - The company focuses on creating packaging that is recyclable, reusable, and made with recycled content [5]
A Historic Opportunity For Dividend Investors
Seeking Alpha· 2025-04-03 12:05
Over the past several years, AI stocks like Nvidia ( NVDA ) and Palantir ( PLTR ) have soared over growing market bullishness on AI's potential to completely transform the global economy. Meanwhile, many dividend stocks have been left behind, as evidencedJoin Now to Access Our Top Picks for April 2025!Your timing is perfect! We’ve just released our latest top investment picks, and by joining today, you’ll gain immediate access to these exciting opportunities.We invest thousands of hours and over $100,000 an ...
Amcor Launches Paper-Based Packaging Solution for Dry Beverages
ZACKS· 2025-03-26 15:55
Core Viewpoint - Amcor plc has launched a sustainable paper-based refill pack for instant coffee and dry beverage products, aligning with consumer demand for eco-friendly packaging solutions [1][2]. Group 1: Product Launch and Features - The AmFiber Performance Paper stand-up pouch is designed for recyclability in most European countries, containing 85% fiber [1]. - The pouch preserves the aroma and taste of coffee products through solid seal integrity and barrier, while reducing the carbon footprint of dry beverage packaging by up to 73% [3]. - Brands can save 70-90% on Environmental Product Responsibility fees compared to non-recyclable alternatives [3]. Group 2: Company Growth Focus - Amcor is concentrating on higher-growth, value-added segments such as healthcare, protein, pet food, premium coffee, and hot fill beverage containers, generating over $4 billion in annual revenues [4]. - The growth rates in these segments exceed the average across broader consumer markets, indicating significant improvement potential [4][5]. Group 3: Financial Performance - For Q2 fiscal 2025, Amcor reported adjusted earnings per share of 16 cents, matching the Zacks Consensus Estimate, with earnings remaining stable year-over-year [6]. - Revenues decreased by 0.3% year-over-year to $3.24 billion, impacted by foreign exchange and lower raw material costs, despite a 2.3% increase in volume [7]. - The top line fell short of the Zacks Consensus Estimate of $3.44 billion [7]. Group 4: Stock Performance - Over the past year, Amcor's shares have increased by 4.4%, outperforming the industry growth of 0.5% [8].
Amcor Lift-Off initiative extends deadline for compostable or recyclable barrier coating solution challenge
Prnewswire· 2025-03-24 13:22
ZURICH, March 24, 2025 /PRNewswire/ -- Amcor (NYSE: AMCR) (ASX:AMC), a global leader in developing and producing responsible packaging solutions, announced the extension of the application period for a new challenge under its Amcor Lift-Off initiative, the Amcor Lift-Off Sprints. The challenge aims to support innovative companies that provide new, innovative compostable or recyclable barrier coatings solutions for paper and other compostable substrates. The Amcor Lift-Off Sprints challenge aims to suppor ...
Amcor (AMCR) is a Top-Ranked Value Stock: Should You Buy?
ZACKS· 2025-03-18 14:46
Core Insights - Zacks Premium provides various tools for investors to enhance their stock market engagement and confidence [1][2] - The Zacks Style Scores are designed to help investors select stocks with the highest potential to outperform the market in the short term [3] Zacks Style Scores Overview - The Zacks Style Scores categorize stocks into four main types: Value Score, Growth Score, Momentum Score, and VGM Score [4][5][6][7] - Each stock receives a rating from A to F based on its characteristics, with A indicating the highest potential for outperformance [3] Value Score - The Value Score focuses on identifying stocks that are undervalued based on financial ratios such as P/E, PEG, Price/Sales, and Price/Cash Flow [4] Growth Score - The Growth Score emphasizes a company's financial health and future growth potential, analyzing projected and historical earnings, sales, and cash flow [5] Momentum Score - The Momentum Score assesses stocks based on their price trends and earnings outlook, utilizing recent price changes and earnings estimate revisions [6] VGM Score - The VGM Score combines the Value, Growth, and Momentum Scores to provide a comprehensive assessment of a stock's attractiveness [7] Zacks Rank Integration - The Zacks Rank is a proprietary model that uses earnings estimate revisions to simplify the stock selection process [8] - Stocks rated 1 (Strong Buy) have historically delivered an average annual return of +25.41% since 1988, significantly outperforming the S&P 500 [9] Stock Selection Strategy - For optimal returns, investors should prioritize stocks with a Zacks Rank of 1 or 2 and Style Scores of A or B [11] - Stocks with a 3 (Hold) rank should also have A or B Scores to maximize upside potential [11] Company Spotlight: Amcor (AMCR) - Amcor is a leading global provider of responsible packaging solutions across various sectors, including food, beverage, and pharmaceuticals [13] - Currently rated 3 (Hold) with a VGM Score of B, Amcor has a Value Style Score of B, supported by a forward P/E ratio of 13.39 [14] - The Zacks Consensus Estimate for Amcor's earnings has recently increased to $0.74 per share, with an average earnings surprise of 1.5% [14]
Amcor-Berry Merger Gets U.S Antitrust Clearance, Set to Close Mid-2025
ZACKS· 2025-03-14 14:21
Company Overview - Amcor plc (AMCR) and Berry Global Group, Inc. (BERY) are set to merge, with the deal clearing significant regulatory hurdles, including antitrust approvals from China and Brazil [1][2] - The merger is expected to close in mid-2025, pending additional closing conditions [2] Merger Details - The merger will create a global leader in consumer packaging solutions, combining Amcor's global flexibles and regional containers with Berry Global's regional flexibles and global containers and closures [3] - The combined entity will offer a broader range of flexible film and converted film products, focusing on sustainability and reducing carbon footprint, with flexibles accounting for approximately 60% of the business [4] Financial Profile - Upon closing, Berry Global's shareholders will receive 7.25 Amcor shares for each BERY share held, resulting in Amcor holding about 63% of the combined company [5] - The merger will result in combined revenues of $24 billion and adjusted EBITDA of $4.3 billion, with projected annual cash flow exceeding $3 billion [6] Synergies and Benefits - Amcor estimates $650 million in benefits from identified costs, growth, and financial synergies by the end of the third year post-closing, along with an additional $280 million in one-time cash benefits from working capital efficiencies [7] - The deal is expected to provide a 35% adjusted cash earnings per share accretion and a double-digit return on investments [7] Leverage and Financial Strategy - Amcor anticipates a net leverage of 3.3X at the closure of the transaction, with plans to reduce it below 3.0X during the first full year [8] Industry Context - The merger is part of a broader trend of consolidation in the packaging industry, which has seen significant activity, including the merger between Novolex and Pactiv Evergreen Inc. [9] - The Novolex and Pactiv Evergreen combination will create a leading manufacturer in food, beverage, and specialty packaging products, expected to close by mid-2025 [10]
Amcor prices private offering of $2.2 billion of senior unsecured notes
Prnewswire· 2025-03-13 10:11
ZURICH, March 13, 2025 /PRNewswire/ -- Amcor plc (NYSE:AMCR; ASX:AMC) ("Amcor") announced today that Amcor Flexibles North America, Inc. ("AFNA"), a wholly-owned subsidiary of Amcor, has priced a private offering (the "Offering") of guaranteed senior notes in an aggregate principal amount of $2.2 billion (collectively, the "Notes"). The Notes consist of (i) US$725,000,000 principal amount of 4.800% Guaranteed Senior Notes due 2028, (ii) US$725,000,000 principal amount of 5.100% Guaranteed Senior Notes due 2 ...
AMCOR AND BERRY GLOBAL RECEIVE US ANTITRUST CLEARANCE FOR COMBINATION; ON TRACK FOR CLOSING IN MID CALENDAR YEAR 2025
Prnewswire· 2025-03-11 10:45
ZURICH and EVANSVILLE, Ind., March 11, 2025 /PRNewswire/ -- Amcor plc ("Amcor") (NYSE: AMCR, ASX: AMC) and Berry Global Group, Inc. ("Berry") (NYSE: BERY) today announced the expiration of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 ("HSR Act") in connection with the previously announced combination of the two companies. Expiration of the waiting period satisfies another closing condition necessary for completing the combination. Amcor and Berry Global received U.S. ...
Amcor-Berry Global Combination Deal Receives Shareholder Approvals
ZACKS· 2025-03-03 17:35
Group 1 - Amcor plc and Berry Global Group, Inc. have made significant progress on their merger deal, with shareholder approval and an expected closing date in mid-2025, subject to closing conditions [1][2] - The merger aims to combine Amcor's global flexibles and regional containers businesses with Berry Global's regional flexibles and global containers and closures businesses, creating a global leader in consumer packaging solutions [2][3] - The merged entity will enhance offerings in flexible film and converted film, providing more sustainable solutions and a unique global healthcare portfolio, while strengthening positions in high-growth categories such as Healthcare, Protein, and Food Service [3][4] Group 2 - Amcor estimates $650 million in benefits from identified costs, growth, and financial synergies by the end of the third year post-closing, along with an additional $280 million in one-time cash benefits from working capital efficiencies [4] - Upon closing, Berry Global's shareholders will receive 7.25 Amcor shares for each share held, resulting in Amcor owning approximately 63% of the combined company, which will have combined revenues of $24 billion and adjusted EBITDA of $4.3 billion [5] - The combined company will service customers in over 140 countries through around 400 production facilities [5] Group 3 - Amcor's stock has gained 15.8% over the past year, outperforming the industry growth of 12% [6] - Amcor currently holds a Zacks Rank of 3 (Hold), while competitors Applied Industrial Technologies, Inc. and RBC Bearings Incorporated have a Zacks Rank of 2 (Buy) [8]
Amcor to present at the Bank of America 2025 Global Agriculture and Materials Conference on February 26, 2025
Prnewswire· 2025-02-24 13:00
Core Points - Amcor, a global leader in responsible packaging solutions, will present at the Bank of America 2025 Global Agriculture and Materials Conference on February 26, 2025 [1] - The presentation will feature CEO Peter Konieczny and CFO Michael Casamento in a fireside chat scheduled for 1.15pm Eastern time [1] - A replay of the presentation will be available on Amcor's investor relations website [2] Company Overview - Amcor specializes in developing and producing responsible packaging solutions across various materials for food, beverage, pharmaceutical, medical, home and personal-care products [2] - The company collaborates with leading global companies to protect products, differentiate brands, and enhance supply chains [2] - In fiscal year 2024, Amcor generated $13.6 billion in annual sales with a workforce of 41,000 across 212 locations in 40 countries [2]