AMCR Stock Recent News

Major U.S. equities indexes edged slightly higher to wrap up a winning week for U.S. stocks. The S&P 500, Nasdaq, and Dow all closed Friday with daily gains of roughly 0.2%.

Amcor's (AMCR) fourth quarter earnings reflect year-year-year volume growth in the Flexibles segment.

Amcor plc AMCR reported mixed results for the fourth quarter on Thursday.

Amcor plc (NYSE:AMCR ) Q4 2024 Earnings Conference Call August 16, 2024 5:30 PM ET Company Participants Tracey Whitehead - Head of Investor Relations Peter Konieczny - Interim Chief Executive Officer Michael Casamento - Chief Financial Officer Conference Call Participants Ghansham Panjabi - Baird Keith Chau - MST Financial Services Adam Samuelson - Goldman Sachs Daniel Kang - CLSA Anthony Pettinari - Citi George Staphos - Bank of America James Wilson - Jarden Australia Brook Campbell-Crawford - Barrenjoey Richard Johnson - Jefferies John Purtell - Macquarie Cameron McDonald - E&P Nathan Reilly - UBS Operator Hello, and welcome to the Amcor Fiscal Year '24 Results Conference Call. All lines have been placed on mute to prevent any background noise.

Amcor (AMCR) came out with quarterly earnings of $0.21 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.19 per share a year ago.

June 2024 Quarter Highlights: Another sequential improvement in volumes and earnings growth; Net sales of $3,535 million; volumes returned to growth, up 1%; GAAP net income of $257 million; GAAP diluted earnings per share (EPS) of 17.8 cps; Adjusted EBIT of $454 million, up 4% on a comparable constant currency basis; and Adjusted EPS of 21.1 cps, up 9% on a comparable constant currency basis. Fiscal 2024 Full Year Highlights:  Net sales of $13,640 million; GAAP Net Income of $730 million;  GAAP diluted EPS of 50.5 cps; Adjusted EPS of 70.2 cps and Adjusted EBIT of $1,560 million; Adjusted Free Cash Flow of $952 million, up > $100 million or 12% on last year; and Cash returns to shareholders of approximately $750 million: annual dividend increased to 50.0 cents per share and $30 million of shares repurchased.

Amcor's (AMCR) fourth-quarter fiscal 2024 results are likely to reflect the impacts of muted consumer spending and destocking on its volumes, as well as high costs.

ZURICH , Aug. 1, 2024 /PRNewswire/ -- Amcor plc (NYSE: AMCR; ASX: AMC) will announce its full year results for the twelve months ended 30 June 2024 after the US market closes on Thursday 15 August 2024.   A conference call and webcast to discuss the results will be held at 5.30pm US Eastern Daylight Time on Thursday 15 August 2024 / 7.30am Australian Eastern Standard Time on Friday 16 August 2024.

Dublin, July 09, 2024 (GLOBE NEWSWIRE) -- The "Asia-Pacific Graphics Film Market: Focus on End User, Product Type, Technology, and Country - Analysis and Forecast, 2023-2033" report has been added to ResearchAndMarkets.com's offering.

Amcor has opened its European Innovation Center in Belgium. The facility will partner with brands and retailers from across the region to design packaging that delivers better results for consumers and the environment alike.