AMCR expects a $650-million benefit from synergies by the end of the third year of closing of its merger agreement with Berry Global.
Amcor (AMCR) has reached a deal to acquire rival consumer packaging company Berry Global Group (BERY) in an $8.4 billion all-stock transaction.
Amcor's acquisition essentially confirms recent forecasts by Wall Street bankers that major tie-ups to achieve scale will become more common.
Packaging company Amcor Plc , on Tuesday agreed to buy peer Berry in an all-stock deal valuing the latter at $8.43 billion, the companies said.
AMCR's Q1 top line reflects a 1% unfavorable impact of foreign exchange and a 1% effect of pass-through of lower raw material costs.
U.S. stock futures were higher this morning, with the Dow futures gaining around 0.5% on Friday.
Amcor plc (NYSE:AMCR ) Q1 2025 Earnings Conference Call October 31, 2024 5:30 PM ET Company Participants Tracey Whitehead - Head of Investor Relations Peter Konieczny - Chief Executive Officer Michael Casamento - Executive Vice President of Finance and Chief Financial Officer Conference Call Participants Ghansham Panjabi - Robert W. Baird & Co. John Purtell - Macquarie Research George Staphos - Bank of America Merrill Lynch James Wilson - Jarden Australia Michael Roxland - Truist Securities, Inc. Daniel Kang - CLSA Ltd.
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.
AMCR Q1 earnings are expected to have gained from a pick-up in volumes and price mix.
24/7 Wall St. Insights The market is the most expensive in almost 40 years.
Amcor (AMCR) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Amcor (AMCR) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).