Acquisition and Integration of Berry Global: Amcor has successfully completed the acquisition of Berry Global and is 100 days into integrating both businesses. This integration is expected to yield significant synergies, with a target of $260 million in cost synergies for fiscal '26 and a total of $650 million by the end of fiscal '28. This merger is seen as a major milestone that strengthens Amcor's competitive position.

Fiscal '26 Earnings Guidance: Amcor expects adjusted EPS for fiscal '26 to range between $0.80 and $0.83, reflecting a year-over-year growth rate of 12% to 17%. This growth is primarily driven by self-help actions and anticipated synergies from the Berry acquisition, without factoring in a significant rebound in consumer demand.

Volume Performance Challenges: The company reported a 1.7% decline in overall volumes compared to last year, with North America being the primary region of weakness. Legacy Amcor and Berry businesses showed similar performance trends, with North American beverage witnessing higher operating costs due to service issues and inflationary pressures.