Q1 2025 Amcor PLC Earnings Call Transcript
Key Points
- Amcor PLC (AMCCF) reported a 2% increase in overall volumes for the fiscal first quarter, marking the third consecutive quarter of sequential improvement.
- The company achieved a 5% growth in adjusted earnings per share on a comparable constant currency basis, aligning with expectations.
- Amcor PLC (AMCCF) reaffirmed its full-year guidance, reflecting confidence in continued volume and earnings momentum.
- The company has made strategic organizational changes, including appointing a Chief Operating Officer and Chief Sustainability Officer, to enhance growth and sustainability efforts.
- Amcor PLC (AMCCF) is focusing on expanding its product portfolio in high-growth categories such as dairy and liquid applications, which have significant global growth opportunities.
- Volumes remained weak in the healthcare and North American beverage sectors, negatively impacting overall company volumes by approximately 2%.
- The company experienced a 3% unfavorable impact on sales due to price/mix, primarily driven by continued destocking in higher-margin healthcare categories.
- Amcor PLC (AMCCF) reported a 4% decline in overall volumes for its rigid packaging segment, largely due to soft consumer demand in North American beverages.
- The company's leverage was higher than anticipated, partly due to increased raw material inventories and stronger euro spot rates.
- Amcor PLC (AMCCF) is facing challenges in the healthcare sector, particularly in pharmaceuticals, where destocking is expected to continue into the second quarter.
Hello, and welcome to the Amcor first-quarter 2025 results conference call. (Operator Instructions)
I would now like to turn the conference over to Tracey Whitehead, Head of Investor Relations. You may begin.
Thanks, operator, and thank you, everyone, for joining Amcor's fiscal '25 first-quarter earnings call. Joining today is Peter Konieczny, Chief Executive Officer; and Michael John Casamento, Chief Financial Officer.
Let me make a few items before I hand -- note a few items before I hand over. On our website, amcor.com, under the Investors section, you'll find today's press release and presentation, which will be discussed on this call. Please be aware that we'll also discuss non-GAAP financial measures and related reconciliations can be found in that press release and presentation.
Remarks will also include forward-looking statements that are based on management's current views and assumptions. The second slide in today's presentation lists several factors that could cause future results to be
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