Amcor reported its fiscal third-quarter 2025 results on April 30, 2025, with net sales of $3,333 million, a 2% decrease compared to the prior year period. Net income attributable to Amcor plc increased by 5% to $196 million, resulting in diluted earnings per share of $0.14, up 5%.
The Flexibles segment saw volumes increase by 1% in Q3, driven by gains in healthcare and protein, while the Rigid Packaging segment experienced a 10.5% decrease in net sales due to weaker demand in North American Beverage. Amcor also declared a quarterly dividend of $0.13 per share in April 2025.
Crucially, Amcor completed its merger with Berry Global Group, Inc. on April 30, 2025, ahead of schedule. This combination is expected to yield substantial synergies totaling $650 million over three years, with $260 million projected for fiscal year 2026 alone, and total EPS accretion exceeding 35% over this period.
For fiscal year 2025, Amcor narrowed its adjusted EPS outlook to $0.72-$0.74 per share on a reported basis, reflecting the inclusion of two months of the legacy Berry business. The company forecasts strong adjusted free cash flow of $900 million to $1 billion for FY25, including Berry's contribution.
Management expressed confidence in reducing leverage to approximately 3.4x by the end of FY25, inclusive of acquisition impacts, and further to approximately 3x by the end of FY26. The merger significantly enhances Amcor's scale, capabilities, and competitive positioning in the global packaging industry.
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