Amcor PLC
ASX:AMCDD
Amcor PLC
Amcor PLC is a CH-based company operating in Containers & Packaging industry. The company is headquartered in Zurich, Zuerich and currently employs 42,000 full-time employees. The company went IPO on 2019-06-11. Amcor plc is engaged in packaging solutions for consumer and healthcare products. The firm develops sustainable packaging in flexible and rigid formats across multiple materials. The firm operates through two segments: Flexibles and Rigid Packaging. The Flexibles segment consists of operations that manufacture flexible and film packaging in the food and beverage, medical and pharmaceutical, fresh produce, snack food, personal care, and other industries. The Rigid Packaging segment consists of operations that manufacture rigid containers for a broad range of predominantly beverage and food products, including carbonated soft drinks, water, juices, sports drinks, milk-based beverages, spirits and wine, sauces, dressings, spreads and personal care items, and plastic caps for a wide variety of applications. The firm's subsidiaries include Berry Global Group Inc., Amcor Flexibles North America, Inc., Amcor UK Finance plc, Amcor Finance (USA), Inc., and others.
Amcor PLC is a CH-based company operating in Containers & Packaging industry. The company is headquartered in Zurich, Zuerich and currently employs 42,000 full-time employees. The company went IPO on 2019-06-11. Amcor plc is engaged in packaging solutions for consumer and healthcare products. The firm develops sustainable packaging in flexible and rigid formats across multiple materials. The firm operates through two segments: Flexibles and Rigid Packaging. The Flexibles segment consists of operations that manufacture flexible and film packaging in the food and beverage, medical and pharmaceutical, fresh produce, snack food, personal care, and other industries. The Rigid Packaging segment consists of operations that manufacture rigid containers for a broad range of predominantly beverage and food products, including carbonated soft drinks, water, juices, sports drinks, milk-based beverages, spirits and wine, sauces, dressings, spreads and personal care items, and plastic caps for a wide variety of applications. The firm's subsidiaries include Berry Global Group Inc., Amcor Flexibles North America, Inc., Amcor UK Finance plc, Amcor Finance (USA), Inc., and others.
Solid Performance: Amcor delivered Q2 results in line with expectations, with revenue of $5.4 billion and adjusted EPS of $0.86 per share.
Synergy Progress: $55 million in Q2 synergy benefits and $93 million for the first half, at the high end of guidance; on track for at least $260 million in synergies for fiscal 2026.
Guidance Reaffirmed: Fiscal 2026 adjusted EPS guidance set at $4 to $4.15 and free cash flow guidance of $1.8 to $1.9 billion, both reaffirmed.
Berry Acquisition Impact: The acquisition of Berry drove significant revenue and EBITDA growth, with integration and synergy capture progressing as planned.
Portfolio Optimization: Actions on $2.5 billion of noncore businesses are advancing, with expected improvement in noncore EBIT margins in the second half.
Volume Trends: Core portfolio volumes down 1.5% YoY, outperforming the total company; focus categories like pet care and protein showed relative strength.
Dividend Growth: Quarterly dividend increased to $0.65 per share, reflecting ongoing commitment to annualized dividend growth.
