Core Insights - Tariffs are significantly impacting the global packaging industry, with a universal 10% import duty and increased steel and aluminium tariffs now in effect, leading to higher packaging costs and supply chain uncertainties [1][2][3] Tariff Impact on Costs and Supply Chains - The restoration and expansion of Section 232 metals duties have raised input costs for aluminium and steel used in packaging, affecting pricing and procurement strategies [2] - Packaging buyers are front-loading orders to avoid tariff impacts, resulting in increased warehousing costs and price volatility [3] Retaliation and Broader Economic Effects - Retaliatory measures from countries like China, including a WTO case and countermeasures, are exacerbating supply chain pressures and increasing recession risks as tariff coverage expands [4] Deregulation and Compliance Changes - The US government is rolling back environmental regulations, which may reduce compliance costs for packaging but could lead to greater divergence from stricter state and international standards [5][6] - Changes in food and consumer-goods labelling regulations are also occurring, which may affect packaging design and compliance processes [6][7] Price and Sustainability Implications - Higher import duties on aluminium cans are likely to increase input costs, potentially shifting some demand back to plastic bottles, which may have lower life-cycle costs [8]

Core Insights - Amcor plc will announce its First Quarter 2026 results on November 5, 2025, after the US market closes [1] - A conference call and webcast to discuss the results will take place at 5:30 PM US Eastern Standard Time on the same day [1] - Amcor is a global leader in responsible consumer packaging and dispensing solutions, generating $23 billion in annualized sales from over 400 locations in more than 40 countries [1] Company Overview - Amcor specializes in packaging solutions for nutrition, health, beauty, and wellness categories [1] - The company focuses on product innovation and sustainability to address packaging challenges globally [1] - Amcor employs over 75,000 people and is committed to safety and sustainability in its operations [1]

Leadership Transition - Michael Casamento will leave Amcor to return to Australia, remaining in an advisory role until June 30, 2026, to support the transition [1][3] - Stephen R. Scherger has been appointed as the new Executive Vice President and Chief Financial Officer, effective November 10, 2025 [1][3] Executive Background - Stephen R. Scherger has over 30 years of experience in finance, operations, and strategy within the packaging industry, previously serving as CFO of Graphic Packaging [2][5] - Under Scherger's leadership, Graphic Packaging's net sales more than doubled to nearly $9 billion, and net income nearly tripled during his tenure [2] Company Outlook - Amcor reaffirmed its fiscal year 2026 outlook, expecting Adjusted EPS of 80-83 cents per share, representing 12-17% constant currency growth, and Free Cash Flow of $1.8-1.9 billion [4] - For the first quarter of fiscal year 2026, Amcor anticipates Adjusted EPS to be within the previously announced range of 18-20 cents per share [4] CEO Comments - Amcor CEO Peter Konieczny expressed confidence in Scherger's ability to enhance growth and profitability, highlighting his industry experience and leadership style [3] - Konieczny thanked Casamento for his decade of service, noting that Amcor is well-positioned following the successful combination with Berry Global [3] Company Profile - Amcor is a global leader in responsible consumer packaging and dispensing solutions, generating $23 billion in annualized sales from operations across over 400 locations in more than 40 countries [6]