Veritiv Operating Company, a provider of specialty packaging solutions, has acquired Oregon, US-based Subotnick Packaging. Financial terms of the deal remain undisclosed. Subotnick is a distributor of packaging products and equipment. It caters to a range of sectors including building materials, food, e-commerce and transportation, providing both stock and custom packaging offerings. Established in 1925, the family owned business is said to have “deep roots” across the Pacific Northwest. Veritiv sta ...

Company Overview - Amcor plc is a global leader in developing and producing packaging solutions across various industries, including food, beverage, pharmaceutical, medical, and home and personal care [1]. Financial Performance - Amcor is set to report its Q1 2026 earnings on October 30, with Wall Street analysts expecting an EPS of $0.19, an increase from $0.16 in the prior-year period. Quarterly revenue is anticipated to be $5.79 billion, up from $3.35 billion a year earlier [2]. - In Q4 2025, Amcor reported adjusted EPS of $0.20, which was below the consensus estimate of $0.22. However, revenues of $5.08 billion exceeded the consensus of $4.78 billion [3]. Strategic Initiatives - The acquisition of Berry Global is highlighted as a significant milestone for Amcor, enhancing its ability to create value for customers and shareholders. The company expects strong adjusted EPS growth of 12-17% and a notable increase in Free Cash Flow to between $1.8 billion and $1.9 billion in fiscal 2026 [4]. Dividend Information - Amcor's current dividend yield stands at 6.16%, with a total dividend payout of $0.51 per share over the last 12 months [2]. - To generate an income of $100 per month from Amcor dividends, an investment of approximately $19,481 is required, based on the current dividend yield [6].

Q2 2025 Financial Performance - Net sales were $13 billion, down 1% as reported and constant currency [12] - Adjusted EBITDA reached $293 million, up 2% as reported and 3% on a constant currency basis [12] - Adjusted EPS increased to $089, up 7% as reported and 10% in constant currency [12] - Adjusted EBITDA margin increased by 70 bps to 219%, driven by productivity savings, but offset by unfavorable net price realization and lower volumes [16] Segment Performance - Food Protective segment: Organic sales were flat, with adjusted EBITDA up 3% to $210 million and margin up 50 bps to 234% [17] - Protective segment: Organic sales decreased by 4%, with adjusted EBITDA down 5% to $78 million and margin down 30 bps to 178% [17] H1 2025 Financials - Net sales decreased by 3% to $2607 billion as reported, with a 2% organic decline due to lower volumes [37, 35] - Adjusted EBITDA increased by 1% to $569 million as reported, and 3% on a constant currency basis [37, 36] - Free cash flow was $81 million, lower than the $207 million in H1 2024, due to higher incentive compensation and timing of tax payments [22, 44] Capital Allocation and Outlook - The company is targeting a net debt to adjusted EBITDA ratio of approximately 30x by 2026 [21, 28] - The company maintains its 2025 outlook with net sales between $51 billion and $55 billion, adjusted EBITDA between $1075 billion and $1175 billion, and adjusted EPS between $290 and $330 [24]

Core Insights - The company's fiscal 2025 second quarter results were generally in line with expectations, with consolidated sales impacted by challenges in the engineering business, particularly energy storage solutions, although demand is recovering with customer quotes exceeding $100 million since early February 2025 [1][2][8] Financial Performance - Consolidated sales for Q2 FY2025 were $427.6 million, a decrease of 9.3% from $471.2 million in Q2 FY2024 [7][10] - Net loss attributable to the company was $8.9 million, or $0.29 per share, compared to a net income of $9.0 million, or $0.29 per share in the prior year, marking a significant decline [11][27] - Adjusted EBITDA for the quarter was $51.4 million, down 9.5% from $56.8 million a year ago, primarily due to lower performance in the Industrial Technologies and Memorialization segments [9][11][22] Cost Management and Strategic Initiatives - The company has successfully implemented cost reduction initiatives, projected to exceed initial estimates of $50 million in savings [2][8] - The SGK transaction is expected to close in early May 2025, with an upfront consideration of $350 million, including $250 million in cash primarily for debt reduction and $50 million in preferred equity [3][5] Segment Performance - Sales in the Memorialization segment decreased to $205.6 million from $222.2 million year-over-year, while the Industrial Technologies segment saw a drop from $116.1 million to $80.8 million [10][22] - The SGK Brand Solutions segment reported an increase in sales from $132.9 million to $141.2 million, reflecting growth in brand experience sales [10][22] Year-to-Date Results - For the six months ended March 31, 2025, consolidated sales were $829.5 million, down 10.0% from $921.2 million in the same period last year [12][13] - The year-to-date net loss attributable to the company was $12.4 million, or $0.40 per share, compared to a net income of $6.7 million, or $0.22 per share in the prior year [14][27]