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Amcor Plc - AMCR STOCK NEWS

Welcome to our dedicated news page for Amcor Plc (Ticker: AMCR), a resource for investors and traders seeking the latest updates and insights on Amcor Plc.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Amcor Plc's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Amcor Plc's position in the market.

Rhea-AI Summary
Amcor plc (NYSE: AMCR; ASX: AMC) is set to release its year to date results for the nine months ending 31 March 2024. The announcement will be made after the US market closes on Tuesday, 30 April 2024. A conference call and webcast to discuss the results will take place on the same day. Investors can access the call through various dial-in numbers and the webcast via the Investors section of Amcor's website. For more information, contact the Investor Relations team or Media contacts provided in the press release.
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Amcor CEO Ron Delia to retire for health reasons, Peter Konieczny appointed as Interim CEO. Fiscal 2024 guidance reaffirmed with adjusted EPS of 67 to 71 cents per share.
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Amcor reaffirms its fiscal 2024 outlook, reporting a solid second quarter and first half execution. Net sales for the six months ended December 31, 2023, were $6,694 million, with net income of $286 million. Adjusted EPS for the same period was 31.3 cps. The company also declared a quarterly cash dividend of 12.5 cents per share, with a payment date set for March 19, 2024. Amcor repurchased approximately 3 million shares during the six months ended December 31, 2023, for a total cost of approximately $30 million.
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Amcor announces significant expansion of North American healthcare thermoforming capabilities, with the addition of state-of-the-art equipment at its Wisconsin plant to support growing demand from medical, pharmaceutical, and consumer health sectors. The expansion aims to streamline product manufacturing and distribution, offering efficient options for companies looking to partner with Amcor.
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Amcor plc will announce its Half Year 2024 results for the six months ended 31 December 2023 after the US market closes on Tuesday 6 February 2024. A conference call and webcast to discuss the results will be held at 5.30pm US Eastern Standard Time on Tuesday 6 February 2024 / 9.30am Australian Eastern Daylight Time on Wednesday 7 February 2024. Access to the webcast and supporting materials will be available via the Investors section of Amcor's website. For further information, contact the provided Investor Relations and Media contacts.
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Amcor (NYSE: AMCR, ASX:AMC) announces a collaboration with NOVA Chemicals Corporation for the purchase of mechanically recycled polyethylene resin (rPE) for use in flexible packaging films, supporting their commitment to packaging circularity and sustainability. The supply agreement enables Amcor to purchase SYNDIGO™ rPE resin from NOVA Chemicals' new recycling facility, projected to be in operation by 2025, to achieve 30% recycled material usage across their global portfolio by 2030.
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Amcor releases its FY23 Sustainability Report, showcasing its progress in sustainability commitments. The report highlights a 10% reduction in greenhouse gas emissions, 46% reduction in waste, and increased use of recycled materials. Amcor aims for a global portfolio of products that are 100% recyclable, reusable, or compostable by 2025. The company invests $100 million annually in R&D for sustainable solutions and has expanded partnerships in the value chain.
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Amcor reports net sales of $3,443 million and GAAP net income of $152 million for the three months ended September 30, 2023. Adjusted EPS is 15.6 cps and adjusted EBIT is $358 million. The company reaffirms its fiscal 2024 outlook with adjusted EPS of 67-71 cents per share and adjusted Free Cash Flow of $850-950 million.
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Amcor signs MOU with SK Geo Centric to source advanced recycled material in Asia Pacific. Partnership will help Amcor achieve 30% recycled content target by 2030.
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Amcor plc to announce First Quarter 2024 results on October 31, 2023
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Amcor Plc

NYSE:AMCR

AMCR Rankings

AMCR Stock Data

12.76B
1.44B
0.31%
52.29%
1.78%
Packaging & Containers
Consumer Cyclical
Link
United Kingdom
Bristol

About AMCR

around the world, hundreds of times a day, people touch and use our packaging. when a consumer opens a bottle, unwraps a pack, or tears open a pouch, they know their products are fresh, clean, safe and secure. these are packaging moments that matter. amcor applies art and science to create responsible packaging. we partner with our customers to deliver impactful consumer experiences across a wide range of products such as life-saving pharmaceuticals, medical equipment used in surgeries and food staples such as fruit and vegetables. with a history dating back to the 1860’s, we are proud to have grown to become the world’s largest packaging company. a top 50 organisation listed on the australian securities exchange(asx) amcor has annual sales of $9.5 billion and profits have more than doubled over the past five years. we have 27,000 co-workers globally operating in over 40 countries. core to amcor’s success is our culture, our talent and our brand – together these unite us, set us