Strong Safety Performance
Amcor achieved an industry-leading total recordable incident rate of 0.30, with 79% of sites remaining injury-free for more than a year.
Sequential Volume Improvement
Amcor reported its fourth consecutive quarter of sequential volume improvement, with overall volumes growing by 2.3%.
Adjusted EBIT and EPS Growth
Adjusted EBIT and EPS both increased by 5% on a comparable basis.
Merger with Berry Global
Amcor is progressing well towards its merger with Berry Global, with anticipated synergies of $650 million and significant cash EPS accretion of over 35%.
Flexible Segment Growth
Volumes in the Flexibles segment were up 3%, with net sales increasing by 1% on a comparable constant currency basis.
Improved Cash Flow
Cash generation was above the prior year, with a reduction in net debt of approximately $375 million compared with last quarter.
Reaffirmed Fiscal-Year Guidance
Amcor reaffirmed its guidance for fiscal '25, expecting adjusted earnings in the range of $0.72 to $0.76 per share.