Amcor Reports Strong Q2 and First Half Results, Reaffirms 2025 Outlook

December 2024 – Amcor (NYSE: AMCR), a global leader in packaging solutions, announced solid financial results for the second quarter and first half of fiscal 2025, with continued improvements in volume growth and strong performance across key metrics.

Q2 Highlights:
- Net sales reached $3,241 million.
- GAAP net income totaled $163 million, with GAAP diluted earnings per share (EPS) of 11.3 cents.
- Adjusted EBIT was $363 million, up 5% on a comparable constant currency basis.
- Adjusted EPS for the quarter rose to 16.1 cents, reflecting a 5% increase on a comparable constant currency basis.
- Amcor also announced a highly complementary and financially compelling combination with Berry Global, further strengthening its market position.

Fiscal 2025 First Half Highlights:
- The company reported net sales of $6,594 million.
- GAAP net income for the first half was $354 million, with GAAP diluted EPS of 24.4 cents.
- Adjusted EBIT for the first half was $728 million, reflecting a 4% increase on a comparable constant currency basis.
- Adjusted EPS for the first half rose to 32.2 cents, up 5% compared to the previous year on a comparable constant currency basis.

Fiscal 2025 Outlook:
Amcor reaffirmed its fiscal 2025 outlook, projecting adjusted EPS to range between 72-76 cents per share and adjusted free cash flow to be between $900 million and $1,000 million. The company remains optimistic about its growth prospects, driven by its continued operational improvements and strategic initiatives.