Welcome to our dedicated page for Amcor Plc news (Ticker: AMCR), a resource for investors and traders seeking the latest updates and insights on Amcor Plc stock.
Amcor plc (NYSE: AMCR; ASX: AMC) regularly publishes news and announcements related to its global packaging business for consumer and healthcare products. The company’s updates cover its activities in flexible and rigid packaging, cartons, closures and consumer packaging and dispensing solutions across categories such as food, beverage, pharmaceutical, medical, home and personal care, nutrition, health, beauty and wellness.
News about Amcor often includes financial results and outlooks, such as quarterly and full-year earnings releases where the company discusses segment performance in its Global Flexible Packaging Solutions and Global Rigid Packaging Solutions businesses, as well as commentary on volume trends, margins and synergy realization following the acquisition of Berry Global Group, Inc.
Investors and observers can also find announcements on corporate actions and capital structure, including disclosures about an all-stock acquisition of Berry Global, registered exchange offers for guaranteed senior notes, and the approval and implementation plans for a 1-for-5 reverse stock split of Amcor’s ordinary shares and CHESS Depositary Interests.
Operational and innovation-focused news highlights Amcor’s work on responsible and more sustainable packaging, including initiatives such as Amcor Lift-Off, which invites start-ups to collaborate on solutions for compostable substrates, barriers and other sustainability challenges. The company also reports on specific customer collaborations aimed at reducing material use and increasing recycled content in packaging.
Governance and leadership updates, such as appointments to senior management roles and information about upcoming earnings calls and webcasts, are also part of Amcor’s news flow. Readers who follow AMCR news can use this page to review these types of announcements and track how Amcor describes its strategy, integration progress, sustainability initiatives and shareholder-related developments over time.
Amcor plc has announced consent solicitations from holders of Berry Global's secured notes, following their merger agreement announced on November 19, 2024. The solicitations seek amendments to allow the release of Berry's collateral liens and parent guarantee if Amcor provides an unconditional guarantee of Berry's payment obligations.
The consent solicitations cover five series of notes: 1.50% EUR Notes (2027), 1.65% USD Notes (2027), 5.50% USD Notes (2028), 5.800% USD Notes (2031), and 5.650% USD Notes (2034). The record date is February 25, 2025, with solicitations expiring March 5, 2025.
If holders of at least 66 2/3% of each note series consent, Berry will enter supplemental indentures. The proposed changes aim to ensure the notes rank equally with Amcor's existing notes following the merger completion and Berry 2026 Notes repayment.
Amcor (NYSE: AMCR) and Berry Global (NYSE: BERY) shareholders have overwhelmingly approved their proposed combination, with over 99% and 98% of voting shares supporting the merger respectively. The deal, announced in November 2024, will create one of the global leaders in consumer and healthcare packaging solutions.
The combined entity aims to leverage enhanced material science and innovation capabilities to better serve customers and meet sustainability goals. The merger is expected to generate $650 million in synergies and drive faster growth in attractive categories. More than 71% of Amcor's shares and 83% of Berry's shares participated in the vote.
The transaction is anticipated to close in mid-2025, subject to remaining closing conditions. Both companies view this combination as transformative for the packaging industry, creating opportunities neither company could achieve independently.
Amcor (NYSE: AMCR) and Berry Global shareholders have overwhelmingly approved their proposed combination, with over 99% of Amcor's voting shares and 98% of Berry's voting shares supporting the merger. The deal, initially announced in November 2024, will create a leading global consumer and healthcare packaging solutions company.
The combined entity expects to achieve $650 million in synergies and accelerated growth in attractive categories. The merger brings together complementary material science and innovation capabilities, aiming to revolutionize product development and address sustainability needs. The transaction is anticipated to close in mid-2025, subject to closing conditions.
Voter turnout was strong, with 71% of Amcor's outstanding shares and 83% of Berry's shares represented. Both companies will file final voting results with the SEC on Form 8-K.
Amcor (NYSE: AMCR, ASX:AMC), a global leader in responsible packaging solutions, has announced its participation in the Bank of America 2025 Global Agriculture and Materials Conference. The company's CEO Peter Konieczny and CFO Michael Casamento will engage in a fireside chat on Wednesday, February 26, 2025, at 1:15 PM Eastern time.
Interested parties can access the presentation through a live webcast, and a replay will be made available afterward on the company's investor relations website at www.amcor.com/investors under the 'presentations' section. For additional information, stakeholders can contact Damon Wright, Vice President of Investor Relations.
Amcor (AMCR) reported solid second quarter fiscal 2025 results with net sales of $3,241 million and GAAP net income of $163 million. The company achieved sequential improvement in volume growth, with Q2 volumes up 2.3% year-over-year, marking the fourth consecutive quarter of sequential improvement.
Key financial highlights include Adjusted EBIT of $363 million, up 5% on a comparable constant currency basis, and Adjusted EPS of 16.1 cents, also up 5%. For the first half of fiscal 2025, net sales reached $6,594 million with GAAP net income of $354 million.
The company reaffirmed its fiscal 2025 guidance with projected Adjusted EPS of 72-76 cents per share and Adjusted Free Cash Flow of $900-1,000 million. Additionally, Amcor announced a quarterly dividend of 12.75 cents per share and highlighted its planned combination with Berry Global, expected to close in mid-2025, with identified synergies of $650 million.
Amcor and Berry Global have filed their definitive joint proxy statement with the SEC, marking a significant step toward completing their previously announced all-stock merger. Both companies will hold shareholder meetings on February 25, 2025. The merger aims to create a global leader in consumer and healthcare packaging solutions.
The combined entity expects to achieve $650 million in synergies through cost savings, growth, and financial improvements by the end of the third year post-merger. This includes $530 million in cost synergies, $60 million in financial savings, and $60 million from growth synergies. The company projects combined annual cash flow exceeding $3 billion and over 35% adjusted cash earnings per share accretion.
The transaction, unanimously recommended by both boards, is expected to close by mid-2025. The merger aims to enhance long-term shareholder value creation from 10-15% to 13-18% annually through sustained higher earnings growth and continued dividend growth.
Amcor (NYSE: AMCR) and Berry Global have filed their definitive joint proxy statement with the SEC, marking a significant step toward completing their previously announced all-stock merger. Both companies will hold shareholder meetings on February 25, 2025, with the transaction expected to close by mid-2025.
The merger aims to create a global leader in consumer and healthcare packaging solutions. The combined entity expects to achieve $650 million in synergies by the end of the third year post-merger, including $530 million in cost synergies, $60 million in financial savings, and $60 million from growth synergies. The company projects combined annual cash flow exceeding $3 billion and anticipates over 35% adjusted cash earnings per share accretion.
The transaction, unanimously recommended by both boards, is expected to enhance long-term shareholder value creation from 10-15% to 13-18% per annum through higher earnings growth and continued dividend growth.
Amcor plc (NYSE: AMCR; ASX: AMC) has announced it will release its fiscal 2025 second quarter and half year results for the period ended December 31, 2024. The announcement will be made before US market opening on February 4, 2025.
The company will host a conference call and webcast to discuss the results at 8:00 AM US Eastern Standard Time on February 4, 2025 (12:00 AM Australian Eastern Daylight Time on February 5, 2025). Toll-free and local dial-in numbers are provided for participants from the USA, Australia, United Kingdom, Hong Kong, and Singapore.
The webcast and supporting materials will be accessible through Amcor's Investors section website, with a replay available after the call.
Amcor (NYSE: AMCR, ASX: AMC) has been included in the Dow Jones Sustainability Indices (DJSI) Australia Index, positioning itself among the top 12% in the packaging and containers industry for environmental, social, and governance performance. This recognition holds special significance as it comes from the country where Amcor was established 165 years ago.
The DJSI, launched in 1999, represents the first global sustainability benchmarks in the market, comprising global, regional, and country indices. These are float-adjusted, market-capitalization-weighted indices that evaluate companies based on ESG criteria.
Tracey Whitehead, Amcor's global head of investor relations, emphasized the company's commitment to providing responsible packaging solutions that benefit both customers and the environment. Amcor continues to focus on innovative change and product design advancement across various materials, while working towards shaping a circular society through strategic partnerships and investments.
Amcor (NYSE: AMCR) has completed the sale of its 50% stake in Bericap North America (BCNA) for $122 million on December 27. The proceeds will be used to reduce the company's debt. The joint venture reported fiscal 2024 total sales of approximately $190 million and adjusted EBIT of $19 million, which were previously consolidated under Amcor's Rigid Packaging business. Amcor's attributable adjusted net income from BCNA for fiscal 2024 was approximately $8 million. The company stated that, after accounting for reduced interest expenses, the transaction is not expected to impact its fiscal 2025 financial outlook.