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.
Amcor plc (NYSE: AMCR) is set to announce its full-year results for the period ending June 30, 2022, after the US market closes on August 17, 2022. A conference call to discuss these results will be held at 5:30 PM EDT on the same day. Participants can join via dial-in numbers depending on their region. Access to the webcast and related materials will be available on Amcor's investor website and a replay will follow the event.
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On July 21, 2022, Amcor (NYSE: AMCR) received notable recognition for its sustainable packaging innovations. The company won a silver award at the 2022 Australasian Packaging Innovation and Design Awards and was listed as a 2022 Sustainability Leader in the Australian Financial Review. Achievements include over 85% of products converted to recycle-ready formats and a significant contribution to Nestle's KitKat packaging. Amcor invests over $100 million annually in research and development, reinforcing its commitment to sustainability and innovation.
Amcor (NYSE: AMCR) has launched the next phase of its Amcor Lift-Off initiative, aimed at investing in start-ups with innovative and sustainable packaging solutions. Over 100 start-ups submitted proposals, with eight finalists competing for funding and resources. These finalists focus on technologies like nano materials, biomaterials, and recycling processes. Ultimately, selected start-ups may receive up to $250,000 in funding, along with R&D support. This initiative highlights Amcor's commitment to sustainability and innovation in packaging.
Amcor has appointed Susana Suarez Gonzalez as Executive Vice President and Chief Human Resources Officer, effective June 13, 2022. With over 31 years of HR experience, she previously held senior positions at International Flavors and Fragrances and Fluor Corporation. In her new role, she will focus on talent and organizational development to support Amcor's strategic growth. CEO Ron Delia emphasized the importance of attracting and retaining top talent as vital for the company's competitive advantage.
On June 8, 2022, Amcor (NYSE: AMCR) announced a significant rebranding initiative aimed at enhancing customer visibility into its sustainable packaging solutions. The new branding emphasizes three major benefits: advanced sustainability solutions, product functionality in high-growth markets like healthcare, and diverse performance characteristics. With the introduction of the 'EcoGuard' brand, Amcor aims to make its sustainable options easily recognizable. This rebranding follows recent investments in innovative packaging platforms, further showcasing Amcor's commitment to sustainability and customer needs.
Amcor's March quarter net sales rose 16%, with a 5% increase in comparable constant currency terms.
GAAP EPS increased by 3%, while adjusted EPS grew by 15% on a comparable basis. For the nine months ended March 31, net sales reached $10,635 million, a 13% rise, and GAAP net income increased to $696 million, up 2%.
The company raised its adjusted EPS growth outlook for fiscal 2022 to 9.5%-11%. They declared a quarterly cash dividend of 12.0 cents per share and expect $600 million in share repurchases in fiscal 2022.
Amcor (NYSE: AMCR) has announced a multi-million-dollar investment to enhance its healthcare packaging facility in Sligo, Ireland, by adding new thermoforming capabilities. This initiative aims to strengthen Amcor's position in the burgeoning sterile packaging market, which is projected to grow at over 4% annually, reaching $171 billion in Europe by 2027. The upgraded facility will feature Class 7 cleanroom environments and ISO 13485 certification, ensuring compliance with top industry standards. This investment follows a similar initiative in Singapore, positioning Amcor to meet increasing global demands in the medical and pharmaceutical sectors.
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.