Welcome to our dedicated page for Amcor news (Ticker: AMCR), a resource for investors and traders seeking the latest updates and insights on Amcor stock.
Amcor plc develops and produces consumer packaging and dispensing solutions for nutrition, health, beauty and wellness markets. Company news commonly covers quarterly results and guidance, integration and synergy updates following the Berry acquisition, portfolio optimization actions, and investments in manufacturing and testing capabilities.
Updates also describe Amcor's flexible packaging, rigid packaging, cartons and closures businesses, including healthcare packaging capacity, certification of laboratory testing capabilities in China, and regional production expansions serving customers across global packaging markets.
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Amcor plc (NYSE: AMCR) will announce its year-to-date results for the nine months ended March 31, 2023, after the US market closes on May 2, 2023. A conference call and webcast to discuss these results will occur at 5:30 PM EDT on the same day, which is 7:30 AM AEST on May 3, 2023, in Australia. Interested participants can join the call using provided toll-free and local numbers from various countries. The conference ID is 8080870. Access to the webcast and additional materials will be available through the Investors section of Amcor's website. The company emphasizes its commitment to responsible packaging solutions across various sectors, boasting 44,000 employees and annual sales of US$15 billion in fiscal 2022.
On March 22, 2023, Amcor (NYSE: AMCR) announced a joint research project with Nfinite Nanotechnology Inc. to enhance recyclable and compostable packaging using Nfinite's advanced nanocoating technology. The initial phase aims to create an oxygen barrier to improve packaging performance, followed by further developments to optimize manufacturing processes. This collaboration builds on a partnership formed in 2022, with Nfinite previously receiving $250,000 in funding through Amcor's Lift-Off program. Amcor's commitment to sustainability and innovation is underscored by this agreement, as it seeks to advance circularity in packaging solutions.
Amcor (NYSE: AMCR) announced that CEO Ron Delia will participate in a fireside chat with George Staphos from Bank of America Securities at the 2023 Global Agriculture and Materials Conference. This event is scheduled for March 1, 2023, at 10:50 am ET in Fort Lauderdale. In addition to the chat, Amcor will engage in one-on-one meetings with institutional analysts and investors throughout the day. The company, a leader in responsible packaging solutions, reported $15 billion in annual sales from operations in 43 countries, with a focus on sustainable packaging practices.
Amcor reported strong financial performance for the December 2022 quarter with GAAP EPS of 30.9 cents and an Adjusted EPS of 18.5 cents, marking a 7% rise in constant currency. For the first half of fiscal 2023, net sales reached $7.354 billion, up 6%, while GAAP net income soared 62% to $691 million. The company announced a quarterly dividend of 12.25 cents and plans to repurchase up to $500 million of shares in fiscal 2023. Despite a cautious outlook, management highlighted resilience in consumer staples and healthcare, coupled with strategic acquisitions in China and the sale of its Russian operations.