Amcor Reports Strong Q3 and Completes Berry Global Merger

Amcor ( (AMCR) ) has released its Q3 earnings. Here is a breakdown of the information Amcor presented to its investors.

Amcor is a global leader in developing and producing responsible packaging solutions across a variety of industries, including food, beverage, pharmaceutical, medical, home, and personal care. The company is known for its innovative approach and commitment to sustainability.

In its latest earnings report, Amcor announced the successful completion of its merger with Berry Global, alongside its financial results for the third quarter of fiscal 2025. The merger is expected to enhance Amcor’s market position and capabilities, setting the stage for future growth.

Key financial highlights from the quarter include net sales of $3,333 million and a GAAP net income of $196 million, with a diluted earnings per share of 13.6 cents. Adjusted EBIT stood at $384 million, maintaining last year’s performance on a comparable constant currency basis, while adjusted EPS increased by 5% to 18.0 cents. For the nine months ending March 31, 2025, net sales were $9,927 million, with a GAAP net income of $550 million and an adjusted EBIT of $1,112 million, reflecting a 3% increase on a comparable constant currency basis.

The merger with Berry Global is anticipated to drive significant synergies, with Amcor targeting $650 million in cost, financial, and growth synergies over the next three years. The company expects to deliver $260 million in pre-tax synergies in fiscal 2026, contributing to an adjusted EPS accretion of approximately 12%.

Looking ahead, Amcor’s management remains optimistic about the company’s prospects, with a fiscal 2025 outlook projecting adjusted EPS in the range of 72 to 74 cents per share and adjusted free cash flow between $900 million and $1,000 million. The merger with Berry Global is expected to further strengthen Amcor’s market position and drive sustainable growth.