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Amcor plc - AMCR STOCK NEWS

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

Amcor plc Ordinary Shares (NYSE: AMCR, ASX: AMC) is a global leader in the development and production of responsible packaging solutions. With a history that dates back to the 1860s, Amcor has grown to become the world’s largest packaging company, serving diverse industries such as food, beverage, pharmaceutical, medical, home, and personal-care products. Operating in over 40 countries, Amcor employs approximately 41,000 people and generated $14.7 billion in annual sales for the fiscal year 2023.

Amcor specializes in both flexible and rigid packaging, providing innovative solutions that ensure products are fresh, clean, safe, and secure. The company's portfolio includes life-saving pharmaceuticals, medical equipment, food staples, and beverages, with a significant focus on sustainability and developing packaging that is increasingly lighter weight, recyclable, and reusable. Their breakthrough products like AmSky™ and AmPrima™, recognized by Walmart’s 'Circular Connector' platform, showcase Amcor’s commitment to a circular economy and sustainability.

Recent achievements include a Memorandum of Understanding with SK Geo Centric to source advanced recycled material for the Asia Pacific region and the launch of an expanded thermoforming capacity in North America to support healthcare customer growth. Amcor also recently opened its European Innovation Center in Belgium, a hub dedicated to pioneering new material technologies for sustainable packaging.

Financially, Amcor has demonstrated robust performance with a consistent growth trajectory. As of the latest updates, the company reported net sales of $3.443 billion for the three months ended September 30, 2023, and reaffirmed its adjusted EPS guidance for fiscal 2024 at 67 to 71 cents per share. Amcor continues to deliver strong cash returns to shareholders, including increased dividends and share repurchases.

Amcor's latest initiatives include the Bottles of the Year program, highlighting innovative and responsible bottle designs that align with consumer trends and preferences. With a strong focus on research and development, strategic partnerships, and sustainability, Amcor is well-positioned to lead the packaging industry in the next wave of innovation and environmental responsibility.

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Amcor has inaugurated its European Innovation Center (AICE) in Ghent, Belgium, enhancing its global network of packaging innovation hubs.

This new center aims to pioneer sustainable and high-performance packaging solutions, integrating advanced material science and innovative designs.

The AICE offers end-to-end services from concept to commercialization, utilizing the Catalyst™ approach, a flexible and collaborative methodology.

Key facilities include the Material Science Center, Customer Engagement Center, E-Commerce Lab, and the forthcoming Packaging and Recycling Test Center.

The center will focus on developing recyclable, compostable, and reusable packaging, aligned with Amcor's sustainability goals for 2025.

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Amcor, a global leader in responsible packaging solutions, announced the launch of its Bottles of the Year program, recognizing innovative and responsible packaging designs in various segments. The program aims to inspire and empower consumers, manufacturers, brands, and enthusiasts with elegant, thoughtful, and responsible packaging designs.

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Amcor reported strong financial results for the third quarter, with adjusted EPS growth and improved earnings leverage. The company raised its fiscal 2024 Adjusted EPS guidance and reaffirmed its Adjusted Free Cash Flow outlook. Despite lower volumes in certain regions, Amcor remains confident in its long-term growth strategy and commitment to returning cash to shareholders.

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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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FAQ

What industries does Amcor serve?

Amcor serves a variety of industries including food, beverage, pharmaceutical, medical, home, and personal-care products.

What sustainability initiatives is Amcor known for?

Amcor is known for its commitment to sustainability, including developing recyclable and reusable packaging and sourcing advanced recycled materials.

What are Amcor's recent financial achievements?

Amcor reported net sales of $3.443 billion for the three months ended September 30, 2023, and reaffirmed its adjusted EPS guidance for fiscal 2024 at 67 to 71 cents per share.

What recent innovations has Amcor introduced?

Recent innovations include the AmSky™ and AmPrima™ packaging solutions, the Bottles of the Year program, and the opening of the European Innovation Center in Belgium.

What is the significance of Amcor's partnership with SK Geo Centric?

The partnership with SK Geo Centric allows Amcor to source advanced recycled materials for the Asia Pacific region, enhancing its capabilities in sustainable packaging.

How does Amcor support healthcare packaging needs?

Amcor has expanded its thermoforming capacity in North America to meet the growing demand for medical, pharmaceutical, and consumer health packaging.

What is the Bottles of the Year program?

The Bottles of the Year program recognizes innovative and responsible bottle designs that cater to consumer preferences and incorporate advanced technologies in sustainable packaging.

Where does Amcor operate globally?

Amcor operates in over 40 countries around the world, employing approximately 41,000 people.

What are Amcor's key financial metrics?

For the fiscal year 2023, Amcor generated $14.7 billion in annual sales and continues to deliver strong cash returns to shareholders through dividends and share repurchases.

How does Amcor's European Innovation Center contribute to its goals?

The European Innovation Center in Belgium focuses on creating sustainable and high-performance packaging materials, enhancing the company's innovation capabilities and supporting its sustainability goals.

Amcor plc

NYSE:AMCR

AMCR Rankings

AMCR Stock Data

14.55B
1.45B
0.32%
53.32%
1.2%
Packaging & Containers
Consumer Cyclical
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United States of America
WARMLEY, BRISTOL