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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.
Revenue by Segment
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
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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