Amcor plc
8.00-0.35 (-4.19%)
Oct 29, 4:00:02 PM EDT · NYSE · AMCR · USD
Key Stats
Market Cap
18.47BP/E (TTM)
25.00Basic EPS (TTM)
0.32Dividend Yield
0.06%Recent Filings
8-K
Amcor appoints new CFO Scherger
Amcor plc announced on October 9, 2025, that CFO Michael Casamento will step down effective November 10, 2025, to return to Australia, remaining as a special advisor until June 30, 2026, with no disagreements involved. Stephen R. Scherger, former CFO of Graphic Packaging, steps in as the new CFO on that date, bringing over 30 years of packaging industry experience to aid post-Berry merger integration. The company reaffirmed its fiscal 2026 outlook of Adjusted EPS 80-83 cents and Free Cash Flow $1.8-1.9 billion. Transition risks loom amid ongoing merger synergies.
8-K
Amcor-Berry merger pro forma
Amcor released unaudited pro forma financials showing the merger with Berry, completed April 30, 2025, boosted combined net sales to $23.2 billion for the fiscal year ended June 30, 2025, while operating income hit $1.4 billion despite $307 million in added intangible amortization. The $10.4 billion deal, blending $8.2 billion equity and $2.2 billion debt repayment, assumes acquisition accounting with $5.9 billion goodwill. Berry's debt dropped to $5.2 billion assumed. Pro forma EPS landed at $0.35.
8-K
Amcor adopts CIC severance plan
Amcor plc adopted an Executive Change in Control Severance Plan effective September 23, 2025, offering double-trigger protections to its CEO and key officers amid potential takeovers. Benefits include 2x salary-plus-bonus for the CEO and 1x for others, pro-rata bonuses, full equity vesting, and up to 24 months of U.S. health coverage. This shields executives from distractions. Yet risks persist if excise taxes apply.
10-K
FY2025 results
Amcor's FY2025 results reflect a transformative year capped by the April 30 merger with Berry Global, boosting net sales 10% year-over-year to $15.0 billion, with the acquisition driving 12% growth while organic volumes edged up 1% amid softer demand in North America during the second half. Q4 momentum accelerated as combined operations delivered $5.1 billion in sales, up sharply from prior quarters, though gross margins dipped to 18.9% annually from 19.9% due to $133 million in merger-related inventory step-up amortization hitting the final quarter. Adjusted EBIT rose 10% to $1.7 billion, fueled by procurement synergies and cost discipline, yet GAAP net income fell 30% to $511 million, pressured by $307 million in restructuring and integration costs plus higher interest from $14.1 billion in debt. Free cash flow strengthened to $810 million (derived), supporting $845 million in dividends; no buybacks occurred. For FY2026, management eyes $530 million in pre-tax synergies by 2028, but integration complexities could hinder quarterly progress. Yet merger risks loom large: failure to harmonize operations might erode anticipated efficiencies.
8-K
Berry acquisition drives growth
Amcor's all-stock acquisition of Berry Global closed April 30, 2025, boosting Q4 net sales to $5,082 million, up 43% excluding currency, and adjusted EBIT to $611 million, up 34%, while GAAP net income dipped to ($39) million from acquisition costs. The deal positions Amcor as global leader in consumer packaging for nutrition and health, with $650 million synergies targeted by fiscal 2028 and a $20 billion core portfolio identified amid optimization of $2.5 billion in less-aligned assets. Fiscal 2026 guidance projects adjusted EPS of 80-83 cents, up 12-17%, and free cash flow of $1.8-1.9 billion. Integration risks loom large.
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