Packaging firm Amcor quarterly sales jump on Berry Global acquisition

AMCOR PLC

AMCOR PLC

AMCR

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- Packaging maker Amcor's 4850.F, AMCR.N third-quarter sales jumped 77%, driven almost entirely by its Berry Global acquisition, sending its U.S.-listed shares up about 4% in premarket trading on Wednesday.

In April 2025, Amcor completed the $8.43 billion acquisition of Berry Global, creating a consumer and healthcare packaging giant at a time of tepid demand for packaging material.


  • The company, which supplies packaging to consumer goods giants such as PepsiCo PEP.O and Procter & Gamble PG.N, said sales rose to $5.91 billion from $3.33 billion a year ago.

  • Amcor reported adjusted profit of 96 cents per share for the three months ended March 31, compared with 90 cents per share in the year-ago period.

  • "While we continue to operate in a challenging market environment, our global scale, diversified portfolio, and strong customer and supplier partnerships position us well," CEO Peter Konieczny said.

  • Amcor cut its annual adjusted earnings to a range of $3.98 to $4.03 per share, from a prior forecast of $4.00 to $4.15, citing mitigating efforts linked to the Middle East conflict.

  • It also cut its annual free cash flow forecast to $1.5 billion to $1.6 billion, from a previous $1.8 billion to $1.9 billion range.

  • Amcor, like other companies with Middle East exposure, is facing higher raw material costs and rising energy expenses tied to the conflict, as peers such as Ball Corp BALL.N pass higher resin and aluminium costs on to customers.