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 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.
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.