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 ...

Dividend stocks, especially REITs ( VNQ ) and utilities ( XLU ) have struggled lately as the narrative has shifted from aggressive interest rate cuts by the Federal Reserve in the coming quarters to one of a muchIf you want full access to our market-crushing Portfolio and all our current Top Picks, feel free to join us for a 2-week free trial at High Yield Investor.We are the fastest-growing and best-rated stock-picking service on Seeking Alpha with a perfect 5/5 rating from 180 reviews. You won't be charge ...

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]

Core Insights - Amcor completed the sale of its 50% interest in Bericap North America for $122 million, with proceeds aimed at debt reduction [1][3]. Company Overview - Amcor is a global leader in responsible packaging solutions, serving various sectors including food, beverage, pharmaceuticals, and personal care [4]. - The company operates in 40 countries with 41,000 employees, generating $13.6 billion in annual sales from 212 locations [4]. Financial Performance - The joint venture's fiscal 2024 total sales were approximately $190 million, with an adjusted EBIT of around $19 million, previously consolidated under Amcor's Rigid Packaging business [5]. - Adjusted net income attributable to Amcor for fiscal 2024 was approximately $8 million, and the sale is not expected to impact the financial outlook for fiscal 2025 after accounting for reduced interest expenses [5].

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 ...

Amcor plc (AMCR) announced that it entered a definitive merger agreement with Berry Global Group, Inc. (BERY) . This deal boosts AMCR’s growth strategy by focusing the company's portfolio on faster growing, better margin categories.Benefits of Amcor-Berry Global DealThe deal will bring together two highly complementary businesses, combining Amcor's global flexibles and regional containers businesses with Berry Global's  regional flexibles, and global containers and closures businesses. It will create a glob ...

Key TakeawaysAmcor is acquiring consumer packaging rival Berry Global in an $8.4 billion all-stock deal.Amcor will pay close to a 10% premium over Berry's Monday closing price.The combined company has an annual revenue of $24 billion. Amcor (AMCR) has reached a deal to acquire rival consumer packaging company Berry Global Group (BERY) in an $8.4 billion all-stock transaction. The merger values Berry’s stock at $73.59 per share, a roughly 10% premium over Monday’s closing price of $67.05. Shares of Berry ros ...

ZURICH, Nov. 18, 2024 /PRNewswire/ -- Amcor (NYSE: AMCR) (ASX:AMC), a global leader in developing and producing responsible packaging solutions, today announced it has signed a Memorandum of Understanding (MOU) with U.K.-based technology pioneers, Power Roll Limited. Amcor and Power Roll's collaboration aims to revolutionize solar-powered energy by developing a lightweight solar photovoltaic film that can deliver a low-cost alternative to silicon solar panels. Amcor announced it has signed a Memorandum ...

ZURICH, Nov. 13, 2024 /PRNewswire/ -- Amcor (NYSE: AMCR, ASX:AMC), a global leader in developing and producing responsible packaging solutions has been recognized by the 35th Packaging Innovation Awards (PIA) for its AmPrima® Plus solution for coffee.Sponsored by Dow, this prestigious award recognizes excellence in packaging and encourages advancements in sustainability and performance. The Special Award category, won by Amcor, is dedicated to emerging markets and breaking frontiers in mono-material packagi ...

ZURICH, Nov. 12, 2024 /PRNewswire/ -- Amcor (NYSE: AMCR) (ASX:AMC), a global leader in developing and producing responsible packaging solutions, has launched two new editions of its open-call initiative, Amcor Lift-Off, to deepen its focus on research and development (R&D) opportunities and key emerging technologies: Amcor Lift-Off Sprints; and, Amcor Lift-Off Connect. These new initiatives will build upon the program's success with innovative start-ups like Greyparrot's artificial intelligence (AI)-powered ...