Amcor reports Q3 earnings, revenue miss; Closes Berry Global merger

Published 30/04/2025, 21:50
Amcor reports Q3 earnings, revenue miss; Closes Berry Global merger

NEW YORK - Amcor plc (NYSE:AMCR) reported lower-than-expected earnings and revenue for its fiscal third quarter, while announcing the completion of its merger with Berry Global. The packaging company also updated its full-year outlook. Shares were trading flat after-hours Wednesday.

Amcor posted adjusted earnings per share of $0.18 for the quarter ended March 31, missing analyst estimates of $0.19. Revenue came in at $3.33 billion, below the consensus forecast of $3.49 billion and down 2% YoY.

The company said it closed its "transformational merger" with Berry Global on April 30, earlier than anticipated. CEO Peter Konieczny called it a "defining day for Amcor," saying the combination enhances the company’s positions in attractive categories and expands its capabilities.

For the first nine months of fiscal 2025, Amcor reported net sales of $9.93 billion, down 2% YoY. Adjusted EBIT rose 3% on a comparable constant currency basis to $1.11 billion.

Volumes were flat in the quarter as weak consumer demand offset modest share gains. North American volumes softened sequentially, while other regions saw low to mid-single digit growth.

Amcor narrowed its fiscal 2025 adjusted EPS guidance to $0.72-$0.74, including merger impacts in May and June. It expects adjusted free cash flow of $900 million to $1 billion.

"We have significant control over delivery of synergies, and through dedicated workstream teams, we are now executing against well developed plans to capture $650 million in identified cost, financial, and growth synergies over three years," Konieczny said.

The company declared a quarterly dividend of 12.75 cents per share, up from 12.5 cents last year.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers
© 2007-2025 - Fusion Media Limited. All Rights Reserved.