Core Insights - Magnera reported a strong financial performance for Q2 of fiscal 2025, with net sales reaching $824 million, a 48% increase compared to $558 million in Q2 2024, driven by the Glatfelter merger [3][4][21] - The company emphasized its resilience amid global economic uncertainties and is focused on executing strategic priorities for integration and long-term growth [2][3] - Adjusted EBITDA for the quarter was $89 million, reflecting a 17% increase from $76 million in the same quarter last year [3][5][21] Financial Performance - Net sales for the year-to-date (YTD) period reached $1.526 billion, up 42% from $1.077 billion in the previous year [3][21] - Operating income for Q2 was $4 million, down from $21 million in Q2 2024, while YTD operating loss was $(18) million compared to a profit of $9 million last year [3][21] - The increase in net sales was partially offset by a $26 million unfavorable impact from foreign currency changes and a decline in volume [4][5] Segment Performance - In the Americas segment, net sales increased by $124 million due to the Glatfelter merger, despite a $15 million negative impact from foreign currency changes [6][7] - The Rest of World segment saw a net sales increase of $187 million, also influenced by the Glatfelter merger, but faced a $11 million unfavorable impact from currency changes and a 3% volume decline [8] Cash Flow and Debt - Cash flow from operating activities for Q2 was $65 million, with post-merger adjusted free cash flow at $42 million [10][11] - Total debt as of March 29, 2025, was $1.998 billion, with total net debt at $1.716 billion and a leverage ratio of 3.9x [11][24] Guidance - The company provided guidance for fiscal 2025, projecting full-year comparable adjusted EBITDA in the range of $360 million to $380 million and post-merger adjusted free cash flow between $75 million and $95 million [14][27]

Financial Performance - Amcor's Net sales increased by 0.4% to $3,333 million in 3Q25 compared to the prior comparator period[25] - Amcor's EPS increased by 5% to 180 cents in 3Q25 compared to the prior comparator period[25] - Amcor expects approximately 12% adjusted EPS accretion in FY26 through delivery of synergies alone[11,43,45] - Amcor narrowed adjusted EPS range to approximately 72 to 74 cents per share for the year ended June 30, 2025[44] - Amcor expects adjusted Free Cash Flow of approximately $900 million to $1,000 million for the year ended June 30, 2025[44] Merger and Synergies - The merger with Berry Global closed, and integration has commenced earlier than anticipated[11,45] - Amcor expects to deliver $260 million of synergy benefits in fiscal year 2026[21,22] - Amcor has clear visibility to $650 million total synergies expected by year 3[19,22,24] - Amcor anticipates $280 million in one-time cash benefits from working capital efficiencies offsetting costs to achieve synergies[20,24] Segment Performance - Flexibles segment net sales up 1% to $2,605 million in 3Q25[31] - Rigid Packaging segment net sales down 3% to $728 million in 3Q25[36]

Core Viewpoint - Okta is set to be added to the S&P MidCap 400 index, which is expected to increase demand for its shares and positively impact its stock price in the short term [2][4]. Group 1: Index Inclusion - Okta will replace Berry Global Group in the S&P MidCap 400 index starting May 1 [2]. - The addition to the index is generally seen as a positive development, as it increases demand from index funds and institutional investors [4]. Group 2: Financial Performance - For fiscal 2025 fourth-quarter results, Okta reported revenue of $682 million, a 13% year-over-year increase, and adjusted EPS of $0.78, which is a 24% jump [5]. - Management provided guidance for 2026, projecting revenue of approximately $2.855 billion and adjusted EPS of $3.17, both exceeding Wall Street expectations [6]. Group 3: Company Recovery - Following a significant security breach, Okta appears to be on a recovery path, which has restored shareholder confidence [6].

Core Viewpoint - Amcor Plc (AMCR) is set to report its third-quarter fiscal 2025 results on April 30, with revenue expectations of $3.51 billion, reflecting a 2.9% increase year-over-year, and earnings per share estimated at 18 cents, indicating no change from the previous year [1] Financial Estimates - The Zacks Consensus Estimate for AMCR's fiscal third-quarter revenues is $3.51 billion, indicating a 2.9% growth from the year-ago figure [1] - The consensus estimate for earnings is 18 cents per share, which has decreased by 5.3% over the past 60 days [1][2] - The Earnings ESP for AMCR is -2.17%, suggesting a lower likelihood of an earnings beat this quarter [3] Volume and Segment Performance - Amcor's total volume growth was negative for seven consecutive quarters until Q4 of fiscal 2024, where it saw a 1% increase, followed by 2% growth in both Q1 and Q2 of fiscal 2025 [4] - The Flexible segment is projected to achieve a volume growth of 4.9% in Q3, with sales expected to reach $2.68 billion, representing a 3% year-over-year increase [7] - The Rigid Packaging segment is estimated to have a 4.1% rise in volumes, with sales projected at $0.85 billion, indicating a 4% year-over-year growth [8] Market Dynamics - Amcor has been facing supply shortages and price volatility in certain resins and raw materials due to market dynamics and inflation, which are expected to impact Q3 earnings [6] - Overall price/mix benefits are anticipated to be a negative 1.9% for the quarter [5] Recent Developments - The European Commission has approved the merger between Amcor and Berry Global Group, which is set to close on April 30, 2025, pending certain conditions [9] - Over the past year, Amcor's shares have increased by 10.6%, outperforming the industry, which saw a 2.3% decline [10]