Amcor Plc Stock Price, News & Analysis

Amcor (NYSE: AMCR) announced a $10 million investment in Michigan State University's School of Packaging, aimed at modernizing facilities and establishing an Endowed Chair of Packaging Sustainability. This initiative was celebrated on April 20, 2022, during a ground-breaking event with industry leaders and university faculty. Amcor's CEO, Ron Delia, highlighted the collaboration's potential to foster industry innovations that train future talent. The investment aligns with Amcor's commitment to responsible packaging and includes plans for expanding its global innovation network.

Amcor (NYSE: AMCR) has launched new, sustainable High Shield laminates for its pharmaceutical packaging portfolio. This innovation includes recyclable sachet, stickpack, and strippack options made from paper-based and Polyolefin materials. The packaging meets high barrier requirements and supports the recyclability goals of pharmaceutical companies. Introduced first in Europe, these solutions align with expected pharmaceutical sales growth, projected to hit $1.4 trillion by 2026, with a 5.4% increase in the European market through 2028.

Amcor will announce its year-to-date results for the nine months ending March 31, 2022, after US market closure on May 3, 2022. A conference call is scheduled for 5:30 PM EDT the same day, allowing investors to discuss the results. Dial-in numbers for various regions, including toll-free options for the US and Canada, Australia, and the UK, are provided. The call will also be accessible via the webcast on Amcor's Investor website, with a replay available post-call. Amcor is a leader in responsible packaging with operations in over 40 countries, generating $13 billion in sales.

Amcor (NYSE: AMCR) has become the first company to purchase certified circular polyethylene material using ExxonMobil's Exxtend™ technology for advanced recycling. This initiative aims to enhance sustainability in flexible packaging, especially for the healthcare and food sectors. Amcor's goal is to ensure all packaging is recyclable or reusable by 2025. The new technology will build on the 113,000 metric tons of recycled material Amcor used in fiscal year 2021, delivering high-quality products made from recycled content.

Amcor (NYSE: AMCR) announces the launch of Amcor Lift-Off, an initiative designed to support seed stage start-ups in the packaging sector. The program offers US$250,000 in investment and operational guidance to innovative companies focused on sustainable packaging solutions and technologies. Applications are open until May 15, 2022, with a final selection of five start-ups set to pitch for funding and resources later in June. This initiative aligns with Amcor's commitment to sustainability and innovation in packaging, enhancing growth and meeting societal expectations.

Amcor (NYSE: AMCR) has recently achieved significant recognition at the 2022 Flexible Packaging Achievement Awards, winning three awards for its innovative sustainability solutions. The company secured a Gold Award for its AmPrima™ Recycle Ready Pouch for Tyson® Instant Pot meal kits, emphasizing reduced carbon footprint and packaging weight. Silver Awards were granted for the Clear Anti-Grease jerky pouch and the AmPrima™ Recyclable PE shrink film with 30% post-consumer recycled content. Amcor continues to invest over $100 million annually in R&D and innovation.

Amcor, a leader in responsible packaging solutions, addressed its workforce regarding the impact of the Ukraine conflict. The company prioritizes employee safety, particularly after closing its Kharkiv site pre-conflict. Amcor commits $1 million to humanitarian efforts and supports local teams affected by the crisis. In Russia, where Amcor generates 2-3% of sales, it will scale down operations, focusing on existing multinational customers while suspending new projects and exports. The company is evaluating its strategic options amidst these changes.

Amcor's CEO, Ron Delia, features in the latest McKinsey on Consumer Retail podcast, discussing key trends in the packaging industry. The podcast emphasizes the significance of sustainability and consumer education, alongside innovations making packaging smarter. As a leader in responsible packaging, Amcor generates $12.5 billion in sales from operations across 230 locations worldwide. This discussion highlights the evolving nature of the nearly trillion-dollar packaging market, showcasing Amcor's commitment to environmentally friendly practices.

Amcor reported a 12% increase in net sales to $6,927 million for the six months ended December 31, 2021. GAAP net income rose 3% to $427 million, with GAAP earnings per share (EPS) of 27.9 cents, up 5%. The company announced a quarterly dividend of 12.0 cents per share and plans $600 million in share repurchases for FY 2022. Adjusted EPS is projected to grow 7-11% for the fiscal year, with adjusted free cash flow expected to be $1.1-1.2 billion. Amcor continues to focus on premium segments and sustainability, reaffirming guidance amid inflationary pressures.