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Dec 31, 2024
Amcor Q2 2025 Earnings Report
Reported a solid second quarter result with further sequential improvement in year over year volume growth and margins expansion.
Key Takeaways
Amcor reported net sales of $3,241 million and GAAP net income of $163 million for the December 2024 quarter. Adjusted EBIT increased by 5% on a comparable constant currency basis, reaching $363 million, and adjusted EPS also grew by 5% to 16.1 cents per share. The company reaffirmed its fiscal year 2025 outlook and announced a combination with Berry Global.
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.
Amcor
Amcor
Amcor Revenue by Segment
Revenue by Segment
Flexible Packaging Revenue
CapyFin.comRigid Packaging Revenue
CapyFin.com Forward Guidance
Amcor reaffirmed its fiscal 2025 outlook, expecting adjusted EPS of 72-76 cents per share and adjusted free cash flow of $900-1,000 million.
Positive Outlook
- Adjusted EPS of approximately 72 to 76 cents per share, which represents comparable constant currency growth of 3% to 8% compared with 70.2 cents per share in fiscal 2024.
- Movements in exchange rates are not expected to have a material impact on reported EPS.
- Adjusted Free Cash Flow of approximately $900 million to $1,000 million.
- Delivering fourth consecutive quarter of sequential volume improvement.
- Combination with Berry Global to significantly enhance value for our customers and shareholders
Challenges Ahead
- Normalization of incentive compensation payments represents approximately 4% headwind.
- Consumer and customer demand remained soft and variable in the North America beverage business
- Destocking continued in healthcare
- Price/mix had an unfavorable impact of approximately 2% primarily due to lower volumes in high value healthcare categories.
- Volumes were broadly in line with last year in Latin America.
Revenue & Expenses
Visualization of income flow from segment revenue to net income