Form 8-K - 3Q25 Results
| Stock | Amcor Plc (AMC.ASX) |
|---|---|
| Release Time | 1 May 2025, 8:24 a.m. |
| Price Sensitive | Yes |
Amcor closes Berry Global merger, reports third quarter results
- Net sales of $3,333 million; GAAP Net income of $196 million
- Adjusted EBIT of $384 million, in line with last year on a comparable constant currency basis
- Adjusted EPS of 18.0 cps, up 5% on a comparable constant currency basis
Amcor reported its third quarter and first nine months of fiscal year 2025 results, including the completion of its transformational merger with Berry Global. In the March 2025 quarter, the company reported net sales of $3,333 million, GAAP Net income of $196 million, and adjusted EBIT of $384 million, which was in line with the prior year on a comparable constant currency basis. Adjusted EPS was 18.0 cents per share, up 5% on a comparable constant currency basis. For the first nine months of fiscal 2025, net sales were $9,927 million, GAAP Net income was $550 million, adjusted EBIT was $1,112 million, up 3% on a comparable constant currency basis, and adjusted EPS was 50.3 cents per share, up 5% on a comparable constant currency basis. Amcor's fiscal 2025 outlook, inclusive of the merger-related impacts in May and June, includes adjusted EPS of 72-74 cents per share and adjusted free cash flow of $900-1,000 million. The company is positioned for a faster start on integration with the Berry Global merger closed earlier than anticipated.
Fiscal 2025 outlook - inclusive of merger related impacts in May and June of the fourth quarter: Adjusted EPS of 72-74 cents per share; Adjusted Free Cash Flow of $900-1,000 million.
Amcor is positioned for a faster start on integration with the Berry Global merger closed earlier than anticipated. The company expects to deliver $260 million of pre-tax synergies in fiscal 2026, which is expected to drive approximately 12% adjusted EPS accretion.