AMCR 10-Q Quarterly Reports

Amcor plc (AMCR) reported strong financial performance for the nine months ended March 31, 2026, primarily driven by the completion of the Berry Global Group, Inc. acquisition on April 30, 2025. Net sales saw a significant increase of 72% to $17.1 billion, largely attributable to the consolidation of Berry's operations. While net income attributable to Amcor plc increased by 30% to $717 million, diluted earnings per share (EPS) decreased by 18% to $1.55. This EPS decline is attributed to a 60% increase in the diluted weighted-average number of shares outstanding due to the acquisition, alongside the increase in net income. The company is actively managing integration costs and restructuring initiatives related to the Berry merger, with an estimated pre-tax net cash cost of $280 million. Amcor is also strategically reviewing its portfolio, identifying businesses with approximately $2.5 billion in sales for potential restructuring or divestiture, and has already completed the sale of ePac. Despite ongoing economic and geopolitical challenges, including inflationary pressures and supply chain disruptions, Amcor remains focused on price and cost actions to mitigate impacts. The company also announced a change in its fiscal year-end to December 31, effective from July 1, 2026.

Amcor plc (AMCR) reported a significant increase in net sales for the three and six months ended December 31, 2025, primarily driven by the acquisition of Berry Global Group, Inc. (the "Merger"). While revenue saw substantial growth due to the consolidation of Berry's operations, net income attributable to Amcor plc experienced a more modest increase, with diluted EPS showing a decline for the quarter. This is largely attributable to increased operating expenses, including higher amortization of acquired intangible assets, increased restructuring, transaction, and integration costs, and higher interest expenses resulting from the Merger. The company is actively managing integration costs and pursuing synergies from the Berry acquisition, with a target of realizing approximately $530 million in pre-tax synergies by the end of fiscal year 2028. Amcor also announced a strategic review of its portfolio, identifying businesses with $2.5 billion in sales for further evaluation, which could lead to divestitures or restructuring. Despite the increased debt load from the acquisition, the company maintains investment-grade credit ratings and believes it has sufficient liquidity for its operations.

Amcor plc reported significant year-over-year growth in net sales for the three months ended September 30, 2025, primarily driven by the recent acquisition of Berry Global Group, Inc. The merger, completed in April 2025, significantly expanded Amcor's scale and market presence. While net sales saw a substantial increase, the company also incurred higher operating expenses, including amortization of acquired intangible assets and restructuring and integration costs, directly attributable to the merger. Consequently, diluted earnings per share (EPS) saw a decrease compared to the prior year, despite an increase in net income. Amcor is actively managing the integration of Berry and has initiated a "Berry Plan" to realize synergies and achieve cost savings, with substantial pre-tax cash costs estimated. Additionally, the company is exploring strategic alternatives for certain portfolio businesses representing $2.5 billion in sales, which could involve restructuring or divestitures. Management is focused on navigating challenging economic conditions, including softer consumer demand and inflation, through pricing and cost actions. The company maintains sufficient liquidity through operating cash flows and available credit facilities.

Amcor plc (AMCR) reported its third-quarter fiscal year 2025 results, marked by the significant event of completing its merger with Berry Global Group, Inc. on April 30, 2025. For the quarter ending March 31, 2025, Amcor reported a slight decrease in net sales to $3.33 billion from $3.41 billion in the prior year, attributed to currency headwinds and divested operations, though underlying sales showed modest growth. Net income attributable to Amcor plc increased by 5% to $196 million, translating to a diluted EPS of $0.136, up from $0.129 in the prior year, reflecting disciplined cost management and higher other income. The nine-month results show net sales of $9.93 billion, a 2% decrease year-over-year, impacted by similar factors as the quarterly results. However, net income attributable to Amcor plc saw a substantial increase of 16% to $550 million, with diluted EPS rising to $0.380 from $0.327. This improvement was driven by lower operating expenses, higher other income, and reduced interest expenses, partially offset by a slight decrease in gross profit. The company's liquidity remains robust, supported by operating cash flows and significant credit facilities, with net debt increasing due to the financing of the Berry acquisition. Investors should closely monitor the integration progress and realization of synergies from the Berry merger, which is expected to provide greater scale and enhanced market exposure.

Amcor plc (AMCR) reported financial results for the second quarter of fiscal year 2025, ending December 31, 2024. The company experienced a slight decrease in net sales year-over-year for the quarter, primarily due to currency impacts, disposed operations, and unfavorable price/mix, partially offset by higher volumes. However, net income attributable to Amcor plc saw a notable increase, driven by improved gross profit, lower SG&A expenses, higher other income, and reduced interest expense. Diluted Earnings Per Share (EPS) also showed a healthy increase, reflecting these positive operational and financial adjustments. The company continues to navigate a dynamic economic landscape characterized by softer consumer demand and customer order volatility in certain markets. Despite these challenges, Amcor has maintained focus on price and cost management initiatives to offset inflation and align costs with market conditions. A significant development highlighted is the pending merger with Berry Global Group, Inc., announced in November 2024. The merger is progressing with shareholder meetings scheduled and is expected to close mid-calendar year 2025, subject to regulatory and shareholder approvals. The company's financial position remains robust, with significant liquidity available through operating cash flows and committed credit facilities, positioning it to manage ongoing operations and strategic initiatives, including the proposed merger.

Amcor plc (AMCR) reported its financial results for the quarter ended September 30, 2024, showing a modest increase in net income attributable to Amcor plc to $191 million, up from $152 million in the prior year, translating to a diluted EPS of $0.132, a 26% increase. This improvement was driven by higher gross profit, lower restructuring expenses, and a favorable shift in "Other income/(expenses), net," partially offset by increased selling, general, and administrative expenses. Despite a 3% decrease in net sales to $3,353 million, primarily due to unfavorable price/mix impacts and the pass-through of lower raw material costs, the company demonstrated operational resilience. The Flexibles segment saw a slight sales decrease but an improvement in Adjusted EBIT, while the Rigid Packaging segment experienced a more significant sales decline but maintained its Adjusted EBIT. The company's liquidity remains strong with $1.9 billion in undrawn credit facilities, and management anticipates continued performance improvement into fiscal year 2025, though acknowledging ongoing economic volatility and geopolitical risks.

Amcor plc's (AMCR) third-quarter fiscal year 2024 results show a year-over-year net sales decrease of 7%, primarily driven by lower sales volumes and unfavorable price/mix impacts, partially offset by currency tailwinds and pass-through of lower raw material costs. Despite the revenue decline, net income attributable to Amcor plc saw a modest increase of 6%, supported by improved gross profit and lower restructuring expenses. This was reflected in a 8% increase in diluted earnings per share (EPS). The nine-month performance highlights a more significant net sales decline of 8%, impacted by lower volumes, the non-recurrence of a substantial gain from the Russian business sale in the prior year, and increased interest expenses. Consequently, net income attributable to Amcor plc decreased by 46% year-over-year for the nine-month period. The company is managing through softer market conditions and inflationary pressures by focusing on cost management and operational efficiencies, with sequential improvement noted in the third quarter. Liquidity remains adequate, supported by operating cash flows and available credit facilities, though net debt has increased.

Amcor plc's (AMCR) Form 10-Q for the quarter ended December 31, 2023, indicates a challenging operating environment, with net sales declining year-over-year for both the three-month and six-month periods, primarily driven by lower volumes across its Flexibles and Rigid Packaging segments. While gross profit margin showed an improvement, overall net income attributable to Amcor plc saw a significant decrease, largely due to the non-recurrence of a substantial gain from the sale of its Russian business in the prior year, alongside increased restructuring costs and higher interest expenses stemming from rising interest rates. The company is actively managing these headwinds through pricing initiatives, cost control measures, and ongoing restructuring efforts, including the 2023 Restructuring Plan aimed at offsetting divested earnings and improving efficiency. Despite the softer demand, Amcor plc maintains a strong liquidity position, supported by operating cash flows and available credit facilities, and continues its commitment to shareholder returns through dividends and share repurchases. The company remains focused on its long-term strategy of developing sustainable packaging solutions.

Amcor plc (AMCR) reported a decrease in net sales and net income for the third quarter of fiscal year 2024 compared to the same period last year. Net sales declined by 7% to $3,443 million, primarily due to unfavorable volume changes and the pass-through of lower raw material costs, partially offset by price/mix benefits and positive currency impacts. Net income attributable to Amcor plc fell by 34% to $152 million, impacted by lower gross profit, increased restructuring expenses, and higher net interest expense due to rising interest rates. The company is navigating a challenging market characterized by continued customer destocking, soft consumer demand, and inflationary pressures. Management is focused on price and cost actions to mitigate these headwinds and expects performance to improve in the latter half of fiscal year 2024. Despite the current headwinds, Amcor maintains a strong liquidity position with significant undrawn credit facilities and believes it has sufficient resources to fund operations, capital expenditures, and shareholder returns.

Amcor plc (AMCR) reported its third-quarter results for the fiscal year 2023, showing a net sales decrease of 1% to $3.67 billion for the quarter, largely influenced by the pass-through of raw material costs and currency impacts, though underlying sales showed a modest increase. Net income attributable to Amcor plc declined by 34% to $177 million, primarily due to lower gross profit, increased restructuring costs associated with the 2023 Restructuring Plan, and higher interest expenses resulting from rising interest rates. For the nine-month period, net sales increased by 4% to $11.02 billion. Net income attributable to Amcor plc saw a significant increase of 25% to $868 million, bolstered by a substantial pre-tax net gain of $215 million from the sale of its Russian business and lower income tax expenses. However, this was partially offset by a decrease in gross profit and higher net interest expenses. The company continues to navigate inflationary pressures and supply chain challenges, while also executing strategic initiatives like the 2023 Restructuring Plan and managing its capital structure, including share repurchases and debt management.

Amcor plc (AMCR) reported solid financial results for the second quarter of fiscal year 2023, ending December 31, 2022. The company demonstrated a strong increase in net sales, driven by favorable price/mix and a significant gain from the disposal of its Russian business. This strategic divestiture contributed substantially to the reported net income and diluted earnings per share, showcasing effective portfolio management. Despite macroeconomic headwinds such as inflation and supply chain disruptions, Amcor maintained operational resilience. The company's focus on cost management and passing through raw material costs helped mitigate some of these pressures. Furthermore, Amcor continues to invest in its core segments, Flexibles and Rigid Packaging, showing stable performance in Adjusted EBIT for Flexibles and growth in Rigid Packaging, indicating a balanced approach to profitability and strategic growth. The company also reinforced its commitment to shareholder returns through dividend payments and ongoing share repurchase programs.

Amcor plc's Form 10-Q for the quarter ended September 30, 2022, indicates a period of revenue growth driven by price increases, despite some volume headwinds. Net sales increased by 9% year-over-year, largely due to the pass-through of higher raw material costs. However, excluding these cost pass-throughs, net sales saw a more modest 3% organic increase, primarily from favorable price/mix, though volumes declined slightly. The company reported a 15% increase in net income attributable to Amcor plc, reaching $232 million, leading to a 18% rise in diluted earnings per share to $0.155. This improvement was driven by higher gross profit and reduced operating expenses, though partially offset by increased interest expenses due to rising interest rates. Amcor is actively managing inflationary pressures and supply chain disruptions through cost control initiatives and by working with suppliers and customers. The company is also progressing with its exit from Russian operations, which incurred a $90 million impairment charge in the prior fiscal year. Liquidity remains adequate, supported by operating cash flows, credit facilities, and access to the commercial paper market. However, net debt increased to $6.4 billion, reflecting higher inventory levels and recent acquisitions. Amcor continues to return capital to shareholders through dividends and share repurchases, with a new $400 million buyback program approved.

Amcor plc's (AMCR) Form 10-Q for the third quarter of fiscal year 2022, ending March 31, 2022, reveals a solid performance driven by increased net sales, primarily attributed to favorable price/mix and volumes across its Flexible and Rigid Packaging segments. Net sales grew by 15.6% year-over-year for the quarter, and 13.1% for the nine-month period, reflecting effective raw material cost pass-through and strategic pricing initiatives. While gross profit saw an increase, the gross profit margin slightly contracted due to the pass-through of higher raw material costs. Operating income remained stable year-over-year for the quarter, but saw a slight decrease as a percentage of net sales due to the same margin pressure. Net income attributable to Amcor plc saw a modest increase, and diluted EPS improved, supported by share repurchases. The company continues to navigate macroeconomic challenges including inflation, supply chain disruptions, and geopolitical risks stemming from the Russia-Ukraine conflict. However, Amcor has demonstrated resilience, with no material impact on its operating results or liquidity to date. The company maintains a strong liquidity position and reaffirms its confidence in its ability to fund operations, capital expenditures, and shareholder returns.

Amcor plc's (AMCR) Form 10-Q filing for the period ending December 31, 2021, showcases a period of moderate growth and strategic execution. Net sales saw a notable increase, driven by favorable volumes and price/mix, particularly in the Flexibles segment, which continues to be the primary revenue generator. Despite facing challenges such as increased raw material costs and supply chain disruptions, the company demonstrated resilience. Amcor successfully managed operating expenses and continued to realize benefits from its Bemis integration plan, contributing to an increase in net income and diluted earnings per share for both the quarter and the first six months of the fiscal year. The company's liquidity position remains robust, supported by strong operating cash flows and available credit facilities. Amcor also continued its commitment to returning capital to shareholders through dividend payments and significant share repurchases, indicating management's confidence in the company's financial health and future prospects. While inflationary pressures and supply chain uncertainties are noted as ongoing concerns, Amcor's diversified business model and focus on operational efficiency position it to navigate these challenges.

Amcor plc (AMCR) reported its financial results for the three months ended September 30, 2021. Net sales increased by 10% year-over-year to $3.42 billion, driven by a combination of factors including favorable price/mix and the pass-through of raw material costs. Net income attributable to Amcor plc slightly increased by 2% to $202 million, while diluted earnings per share (EPS) saw a 4% increase to $0.131. The company experienced a decrease in gross profit margin due to the timing of passing through higher raw material costs, but managed to reduce selling, general, and administrative (SG&A) expenses by 4.9%. A significant event impacting results was a fire at their Durban, South Africa facility due to civil unrest, resulting in property and related business losses of $28 million, partially offset by an insurance receivable. The company continues to navigate supply chain challenges, particularly with resins and raw materials, anticipating tightness through the first half of fiscal 2022. Amcor's liquidity remains robust, supported by operating cash flows and available credit facilities, despite an increase in net debt to $6.0 billion due to share buybacks and higher capital expenditures. The integration of the Bemis acquisition is progressing, with synergy targets on track for completion by the end of fiscal year 2022.

Amcor plc reported solid financial results for the nine months ended March 31, 2021, demonstrating resilience and operational strength. Net sales increased by 0.9% to $9.41 billion, driven by volume growth in both the Flexibles and Rigid Packaging segments, alongside favorable pricing. Net income attributable to Amcor plc saw a significant jump of 58% to $684 million, leading to a substantial increase in diluted Earnings Per Share (EPS) to $0.438. This performance reflects the successful integration of the Bemis acquisition, ongoing synergy realization, and improved cost management, including reduced interest expenses and lower restructuring costs. The company maintained a strong liquidity position with $617 million in cash flow from operations for the nine-month period and $1.2 billion in undrawn credit facilities, underscoring its ability to navigate market uncertainties and fund ongoing operations, dividends, and share repurchases. For the third quarter ended March 31, 2021, Amcor also showed positive momentum. Net sales increased by 2.0% to $3.21 billion, while net income attributable to Amcor plc surged by 48% to $267 million, resulting in diluted EPS of $0.173. The Flexibles segment, in particular, saw a notable improvement in Adjusted EBIT margin. The company's proactive approach to managing costs, including SG&A expenses and interest expense, coupled with effective management of raw material price pass-throughs, contributed to the improved profitability. Amcor continues to execute on its strategic priorities, including integration synergies and capital allocation through share buybacks, while reinforcing its commitment to employee safety and operational continuity amidst ongoing global economic factors.

Amcor plc (AMCR) reported a solid financial performance for the second quarter and first half of fiscal year 2021, reflecting improved profitability and operational efficiency. Net sales for the three months ended December 31, 2020, increased by 2.0% to $3,103 million, year-over-year, driven by favorable volumes. Net income attributable to Amcor plc rose significantly by 18% to $219 million, resulting in a diluted EPS of $0.139, up from $0.115 in the prior year's quarter. For the six months ended December 31, 2020, net sales saw a modest increase of 0.3% to $6,200 million, while net income attributable to Amcor plc surged by 65% to $417 million, with diluted EPS improving to $0.265 from $0.155. The company's operational improvements, cost management initiatives, and synergies from the Bemis acquisition contributed to enhanced profitability. Amcor also continues to manage its capital structure effectively, with a robust cash flow from operations and a reaffirmed belief in sufficient liquidity to meet its obligations and shareholder returns.

Amcor plc's Form 10-Q for the quarter ended September 30, 2020, demonstrates a significant rebound in financial performance compared to the prior year period. Net sales saw a slight decrease of 1% to $3,097 million, attributed to currency headwinds and divestitures, but underlying volume and price/mix improvements indicate underlying strength. Most notably, net income attributable to Amcor plc surged by 199% to $198 million, translating to a diluted EPS of $0.126, a substantial increase from $0.041 in the prior year. This improvement was driven by higher gross profit, synergistic benefits from the Bemis integration, and a reduction in certain acquisition-related costs and integration expenses compared to the previous year. The company highlighted its resilience amidst the COVID-19 pandemic, emphasizing its operations in defensive end-markets and implemented health and safety measures. While liquidity remains a focus, with net debt increasing slightly to $5.8 billion, Amcor reported sufficient liquidity through operating cash flows and available credit facilities. The company also announced a new $150 million share buyback program and declared a quarterly dividend, signaling confidence in its financial position and future outlook.

Amcor plc's (AMCR) Q3 fiscal year 2020 report (ending March 31, 2020) highlights significant growth driven by the acquisition of Bemis Company, Inc. Net sales increased by 36.0% year-over-year for the quarter, reaching $3.14 billion. This growth was primarily fueled by the Bemis acquisition, contributing 40.5% of the increase, alongside favorable volumes. Net income attributable to Amcor plc rose by an impressive 61.2% to $181.5 million. The company's Flexibles segment saw substantial growth, with net sales up 54.4% and Adjusted EBIT increasing by 87.1%, reflecting strong integration of Bemis. The Rigid Packaging segment experienced a slight decrease in net sales but maintained profitability. Despite the overall positive financial performance, the company acknowledges the evolving challenges and uncertainties posed by the COVID-19 pandemic, though it notes its essential product focus has largely shielded operations from significant disruptions thus far.

Amcor plc (AMCR) reported its financial results for the quarter and six months ended December 31, 2019. The company saw a significant increase in net sales, primarily driven by the acquisition of Bemis Company, Inc. The consolidated net sales for the three months ended December 31, 2019, increased by 33.2% year-over-year, reaching $3,043.1 million. For the six-month period, net sales grew by 36.0% to $6,183.8 million. Net income attributable to Amcor plc also saw a substantial increase, up 33.9% for the quarter to $185.6 million and 6.2% for the six months to $251.6 million. However, diluted Earnings Per Share (EPS) experienced a decrease for both periods, attributed to the increased number of outstanding shares following the Bemis acquisition. Investors should note the impact of integration costs and restructuring activities related to the Bemis acquisition, which are detailed in the financial statements.

Amcor plc's (AMCR) Form 10-Q for the quarter ended September 30, 2019, details the financial impact of its recently completed acquisition of Bemis Company, Inc. The report shows a significant increase in net sales due to the Bemis integration, reaching $3,140.7 million, up from $2,262.4 million in the prior year's comparable quarter. However, net income attributable to Amcor plc saw a notable decrease to $66.0 million from $98.4 million, largely attributed to acquisition, transaction, and integration costs associated with the Bemis deal. Diluted Earnings Per Share (EPS) also declined to $0.04 from $0.08, reflecting both the lower net income and an increase in the number of outstanding shares due to the all-stock nature of the Bemis acquisition. The company also reported significant restructuring expenses related to the Bemis integration and a prior restructuring plan in its Rigid Packaging segment. Despite these integration costs and associated expense increases, Amcor's gross profit margin remained stable at 17.4%. The company maintains a strong liquidity position with $2.4 billion in undrawn credit facilities. Investors should monitor the ongoing integration of Bemis and the realization of targeted synergies, as well as the impact of restructuring costs on near-term profitability.

Amcor plc (AMCR) filed its Form 10-Q for the period ending March 31, 2019, detailing its status as a newly formed holding company primarily established to facilitate a significant transaction. The company reported no operational revenue or expenses, with its net loss of $34 attributable solely to administrative and incorporation fees. The primary focus for investors in this filing is the pending merger with Bemis Company, Inc., which is expected to close in May 2019. This transaction will result in Amcor plc becoming a combined entity, with former Amcor Limited shareholders expected to hold approximately 71% and former Bemis shareholders approximately 29% of the new company. The financial statements reflect the pre-transaction structure, showing minimal activity and capital raised through share subscriptions and short-term debt to cover organizational costs.