AMCR Stock Recent News

While the top- and bottom-line numbers for Amcor (AMCR) give a sense of how the business performed in the quarter ended December 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Amcor (AMCR) came out with quarterly earnings of $0.16 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.16 per share a year ago.

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 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.

NEW ORLEANS--(BUSINESS WIRE)--First paragraph, second sentence of the release issued January 29, 2025 should read: Upon closing of the proposed transaction, Berry shareholders will own approximately 37% of the combined company. (instead of Upon closing of the proposed transaction, Berry shareholders will own approximately 63% of the combined company.) The updated release reads: BERRY GLOBAL INVESTOR ALERT BY THE FORMER ATTORNEY GENERAL OF LOUISIANA: KAHN SWICK & FOTI, LLC INVESTIGATES ADEQU.

AMCR Q2 earnings are expected to have gained from volume growth in both its segments.

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NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of Berry Global Group, Inc. (NYSE: BERY) to Amcor plc (NYSE: AMCR). Upon closing of the proposed transaction, Berry shareholders will own approximately 63% of the combined company. KSF is seeking to determine whether the transaction and the process that led to it are adequate, or whether the transaction is fair t.

Amcor gets upgraded to buy, from my prior hold rating, betting on its buyout of rival Berry Global to complete and create a packaging giant. The shares are trading undervalued vs key peers, along with dipping below their 200-day simple moving average, opening a buying window. As a standalone company, without the merger, the stock pays a +5% dividend yield now, and boasts investment-grade credit ratings and positive cash flow outlooks.

Investors love dividend stocks, especially the high-yield variety, because they offer a significant income stream and have massive total return potential.

ZURICH, Switzerland & EVANSVILLE, Ind.--(BUSINESS WIRE)--Amcor plc (“Amcor”) (NYSE: AMCR, ASX: AMC) and Berry Global Group, Inc. (“Berry”) (NYSE: BERY) today announce that an important milestone towards the completion of their previously announced all-stock transaction has been reached, with filing of the definitive joint proxy statement (“the Joint Proxy Statement') with the U.S. SEC. The Joint Proxy Statement includes notices of Amcor and Berry shareholder meetings that will both take place o.