ZURICH, Switzerland – Amcor – a global leader in developing and producing responsible packaging solutions across a variety of materials for food, beverage, pharmaceutical, medical, home and personal-care, and other products – reported second quarter and first half result delivering another quarter of solid earnings and volume growth and reaffirming its FY25 guidance.
December 2024 Quarter Highlights:
- Further sequential improvement in year over year volume growth;
- Net sales of $3,241 million;
- GAAP Net income of $163 million; GAAP diluted earnings per share (EPS) of 11.3 cps;
- Adjusted EBIT of $363 million, up 5% on a comparable constant currency basis;
- Adjusted EPS of 16.1 cps, up 5% on a comparable constant currency basis; and
- Announced highly complementary and financially compelling combination with Berry Global
Amcor: Fiscal 2025 First Half Highlights:
- Net sales of $6,594 million;
- GAAP Net income of $354 million; GAAP diluted EPS of 24.4 cps;
- Adjusted EBIT of $728 million, up 4% on a comparable constant currency basis; and
- Adjusted EPS of 32.2 cps, up 5% on a comparable constant currency basis.
- Fiscal 2025 outlook reaffirmed:
- Adjusted EPS of 72-76 cents per share; Adjusted Free Cash Flow of $900-1,000 million.
Dividend
The Amcor Board of Directors declared a quarterly cash dividend of 12.75 cents per share (compared with 12.5 cents per share in the same quarter last year).
The dividend will be paid in US dollars to holders of Amcor’s ordinary shares trading on the NYSE. Holders of CDIs trading on the ASX will receive an unfranked dividend of 20.40 Australian cents per share, which reflects the quarterly dividend of 12.75 cents per share converted at an AUD:USD average exchange rate of 0.6251 over the five trading days ended January 31, 2025.
