• Further sequential improvement in year-over-year volume growth
• Adjusted EBIT up 5% on a comparable constant currency basis
• Adjusted EPS up 5% on a comparable constant currency basis
• Announced combination with Berry Global to enhance customer and shareholder value

Amcor reported its Q2 and H1 FY25 results, delivering another quarter of solid earnings and volume growth. The company reaffirmed its fiscal 2025 outlook, with adjusted EPS expected to be 72-76 cents per share and adjusted free cash flow of $900-1,000 million. In Q2, Amcor saw further sequential improvement in year-over-year volume growth, with net sales of $3,241 million. GAAP net income was $163 million, with GAAP diluted EPS of 11.3 cents. Adjusted EBIT grew 5% on a comparable constant currency basis to $363 million, and adjusted EPS was up 5% to 16.1 cents.For the first half of FY25, net sales were $6,594 million, GAAP net income was $354 million, and GAAP diluted EPS was 24.4 cents. Adjusted EBIT grew 4% on a comparable constant currency basis to $728 million, and adjusted EPS was up 5% to 32.2 cents.Amcor also announced the transformational combination with Berry Global, which will deliver on the company's strategy to become an even stronger business with accelerated volume-driven organic growth. The combined company will have enhanced positions in attractive categories, improved material science and innovation capabilities, and a broader portfolio of primary packaging solutions. The combination is expected to drive significant near and long-term value for shareholders, with $650 million in identified synergies.

Amcor reaffirmed its fiscal 2025 outlook, with adjusted EPS expected to be 72-76 cents per share and adjusted free cash flow of $900-1,000 million.

Amcor announced the transformational combination with Berry Global, which will deliver on the company's strategy to become an even stronger business with accelerated volume-driven organic growth. The combined company will have enhanced positions in attractive categories, improved material science and innovation capabilities, and a broader portfolio of primary packaging solutions, driving significant near and long-term value for shareholders.