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 (NYSE: AMCR) has signed an MOU with Power Roll to develop lightweight solar photovoltaic film as a low-cost alternative to silicon solar panels. The collaboration aims to revolutionize solar-powered energy with Power Roll's technology, which doesn't require rare earth minerals and can be manufactured using roll-to-roll processes. The film targets applications including fragile rooftops, facades, off-grid generation, and transport sector use. Power Roll highlights that one-third of commercial rooftops globally (12 billion m²) cannot support traditional solar panels, presenting a significant market opportunity.
Amcor (NYSE: AMCR) has received recognition at the 35th Packaging Innovation Awards for its AmPrima® Plus coffee packaging solution. The innovative mono-PE pouch offers up to 68% reduction in carbon footprint compared to traditional alternatives while maintaining product freshness. The solution addresses growing consumer demand for sustainable packaging, with research showing 44% of coffee consumers are influenced by sustainability claims. The product, designed following CEFLEX guidelines, helps brands transition to recyclable packaging solutions while maintaining performance. As of fiscal year 2024, 94% of Amcor's global flexible packaging portfolio has recycle-ready solutions available.
Amcor (NYSE: AMCR) has launched two new open-call initiatives: Amcor Lift-Off Sprints and Amcor Lift-Off Connect. The Sprints program offers funding up to $500,000 for technical collaborations with start-ups addressing R&D challenges, with two annual sessions starting early 2025. The Connect program focuses on strategic partnerships beyond R&D, with its first session on AI in manufacturing scheduled for December 4. Amcor is committing up to $3 million annually for these partnership activities, building on previous successes with start-ups in AI-powered waste recognition, reusable packaging, sustainable coatings, and bio-based PET.
Amcor (NYSE: AMCR) has secured a European patent for its AmFiber™ Performance Paper, a high-barrier paper-based packaging solution. The patent recognizes the product's innovative barrier materials and patterned sealable material, which provides unique functional attributes for food- and healthcare-grade packaging. The AmFiber portfolio, currently available globally, is suitable for various applications including snacks, beverages, meat, dairy, and personal care products. The solution offers recyclability and high-speed customer line performance, supporting Amcor's commitment to sustainable packaging solutions and circular economy initiatives.
Amcor (AMCR) reported solid Q1 FY2025 results with net sales of $3,353 million and GAAP net income of $191 million. The company achieved its third consecutive quarter of sequential volume growth improvement, with Adjusted EBIT up 3% to $365 million and Adjusted EPS increasing 5% to 16.2 cents on a comparable constant currency basis. The quarterly dividend was increased to 12.75 cents per share. Amcor reaffirmed its FY2025 guidance, projecting Adjusted EPS of 72-76 cents and Adjusted Free Cash Flow of $900-1,000 million.
Amcor (NYSE: AMCR) has agreed to sell its 50% stake in Bericap North America (BCNA) for $122 million. BCNA, a joint venture established in 1997, manufactures closures for beverage, food, and industrial markets across three facilities in the U.S., Canada, and Mexico. The joint venture reported FY2024 sales of $190 million and Adjusted EBIT of $19 million. The sale proceeds will be used to reduce debt and is expected to close by December 31, 2024. The transaction is not anticipated to impact Amcor's FY2025 financial outlook.
Amcor (NYSE: AMCR; ASX: AMC) released its 2024 Sustainability Report, showcasing significant achievements and progress. Key highlights include:
- Safest year on record
- 94% of flexible packaging portfolio has recycle-ready solutions
- 95% of rigid packaging is recyclable in practice and at scale
- Surpassed 10% post-consumer recycled plastic goal one year early
- Purchased over 254,000 metric tons of recycled material
- 9% reduction in absolute greenhouse gas emissions compared to FY23
- 14% of electricity used was renewable, a 64% increase from previous year
Amcor's short-term and net-zero targets have been approved by the Science Based Targets initiative. The company published a Decarbonization Roadmap outlining its approach to reach net-zero by 2050. Amcor emphasizes the need for consumer participation and infrastructure development to achieve true circularity in packaging.
Amcor (NYSE: AMCR) has issued a correction to its 2024 Sustainability Report regarding post-consumer recycled (PCR) plastic usage. The company clarified it is on track to reach its 10% PCR plastics goal by fiscal year 2025, rather than having already achieved it. The report highlights significant sustainability achievements, including:
- Over 94% of flexible packaging portfolio has recycle-ready solutions
- 95% of rigid packaging is recyclable in practice
- 9% reduction in absolute greenhouse gas emissions vs FY23
- 14% renewable electricity usage (64% increase from previous year)
- Purchase of 224,000+ metric tons of recycled material
The company's net-zero targets have been approved by the Science Based Targets initiative, and they published a Decarbonization Roadmap outlining their path to net-zero by 2050.
Amcor plc (NYSE: AMCR; ASX: AMC) has announced it will release its First Quarter 2025 results for the three months ended 30 September 2024 after the US market closes on Thursday 31 October 2024. A conference call and webcast to discuss the results will be held at 5.30pm US Eastern Daylight Time on Thursday 31 October 2024 / 8.30am Australian Eastern Daylight Time on Friday 1 November 2024.
The company has provided toll-free and local dial-in numbers for participants from the USA, Australia, United Kingdom, Hong Kong, and Singapore. For all other countries, a non-toll-free number is available. The Conference ID for the call is 2990465.
Access to the webcast and supporting materials will be available via the Investors section of Amcor's website. A webcast replay will be available at the conclusion of the call.
Amcor (NYSE: AMCR, ASX: AMC), a global leader in responsible packaging solutions, has announced that its long-term carbon reduction targets have been approved by the Science Based Targets initiative (SBTi). The company aims to achieve net-zero greenhouse gas emissions across its value chain by 2050. This goal includes significant absolute reductions in scope 1, 2, and 3 emissions, using fiscal year 2022 as a base year.
The approval complements Amcor's near-term emission reduction targets, confirmed in early 2024, which align with a 1.5-degree Celsius trajectory. These near-term targets aim for a 54.6% reduction in absolute Scope 1 and 2 emissions and a 32.5% reduction in Scope 3 emissions by fiscal year 2033.
Amcor's Chief Sustainability Officer, David Clark, emphasized that these targets are integral to the company's sustainability strategy and reflect their commitment to delivering packaging that minimizes environmental impact while supporting customers' decarbonization ambitions.