Strategic Portfolio Review and Focus on Core Markets
Amcor completed a strategic review of its portfolio, focusing on defining its core markets in consumer packaging and identifying businesses less aligned with these priorities.
The company identified approximately $2.5 billion in sales from businesses that are less aligned with its core portfolio, which will be explored for value maximization through restructuring, partnerships, or sales.
Amcor is emphasizing growth in attractive nutrition and health markets, leveraging its leadership positions and technological capabilities.
The portfolio review aims to enhance focus, drive more consistent organic growth, and create shareholder value by divesting or restructuring non-core assets.
The process of portfolio optimization is ongoing, with no fixed timeline, but some smaller assets are expected to be addressed in fiscal 2026.
Adjusted EBITDA for Q2 was $96 million compared to $165 million a year ago.
Adjusted EPS was $0.43 compared to $0.85 in 2024.
Cash and marketable securities were $2.3 billion at June 30, down from $2.5 billion at March 31.
Consolidated new awards for the second quarter were $1.8 billion and 72% reimbursable.
Consolidated segment profit for Q2 was $78 million.
Energy Solutions segment profit was $15 million compared to $75 million a year ago, impacted by an unexpected $31 million arbitration ruling.
For the first half of 2025, new awards were $7.6 billion with a book-to-burn PGM above 1.
GAAP results include a $3.2 billion pretax mark-to-market gain and a $31 million unfavorable arbitration ruling.
Mission Solutions reported a segment profit of $35 million for the second quarter compared to $41 million a year ago.
Operating cash flow for the quarter was an outflow of $21 million compared to cash generation of $282 million a year ago.
Revenue for the second quarter was $4 billion.
Share repurchases totaled $153 million for 4 million shares in the second quarter.
Total backlog remains around $28 billion, of which 80% is reimbursable.
Urban Solutions reported profit of $29 million in the second quarter, reflecting a $54 million net impact of cost growth and expected recoveries on 3 infrastructure projects.
Hecla is actively reviewing its asset portfolio, with a focus on Casa Berardi, which is progressing well and expected to be updated in the coming weeks.
The company emphasizes a disciplined approach to value creation, prioritizing early-stage assets over fully valued producing assets.
The strategic review aims to optimize assets for better returns, including potential divestments of non-core properties and exploration assets.
Dafinchi