Amcor Plc Stock Price, News & Analysis

Amcor (NYSE: AMCR, ASX:AMC), a global leader in responsible packaging solutions, has published its Decarbonization Roadmap to reduce greenhouse gas emissions. The roadmap, aligned with the Science-Based Targets initiative (SBTi), focuses on five key areas: product redesign, increased use of recycled content, transition to renewable electricity, supply chain collaboration, and operational efficiency enhancements.

In fiscal year 2023, Amcor achieved significant progress, with 22 sites reaching 100% renewable electricity use and a 10.2% reduction in absolute GHG emissions compared to FY22. The company also increased its renewable electricity use by 244% year-over-year. This roadmap demonstrates Amcor's ongoing commitment to sustainability and climate mitigation efforts.

Amcor reported strong Q4 FY2024 results, with volumes returning to growth and earnings exceeding expectations. Key highlights include:

• Q4 net sales of $3,535 million, with volumes up 1%
• Q4 adjusted EBIT of $454 million, up 4% on comparable constant currency basis
• Q4 adjusted EPS of 21.1 cents, up 9% on comparable constant currency basis
• Full year FY2024 net sales of $13,640 million
• Full year adjusted EPS of 70.2 cents
• Full year adjusted free cash flow of $952 million, up 12% year-over-year

For FY2025, Amcor expects adjusted EPS of 72-76 cents and adjusted free cash flow of $900-1,000 million. The company increased its annual dividend to 50.0 cents per share and repurchased $30 million in shares during FY2024.

Amcor plc (NYSE: AMCR; ASX: AMC) has announced it will release its full year results for the twelve months ended 30 June 2024 after the US market closes on Thursday 15 August 2024. A conference call and webcast to discuss the results is scheduled for 5.30pm US Eastern Daylight Time on the same day, corresponding to 7.30am Australian Eastern Standard Time on Friday 16 August 2024.

The company has provided toll-free and local dial-in numbers for participants from various countries, including the USA, Australia, United Kingdom, Hong Kong, and Singapore. Access to the webcast and supporting materials will be available via the Investors section of Amcor's website. A webcast replay will be made available after the call concludes.

Amcor has inaugurated its European Innovation Center (AICE) in Ghent, Belgium, enhancing its global network of packaging innovation hubs.

This new center aims to pioneer sustainable and high-performance packaging solutions, integrating advanced material science and innovative designs.

The AICE offers end-to-end services from concept to commercialization, utilizing the Catalyst™ approach, a flexible and collaborative methodology.

Key facilities include the Material Science Center, Customer Engagement Center, E-Commerce Lab, and the forthcoming Packaging and Recycling Test Center.

The center will focus on developing recyclable, compostable, and reusable packaging, aligned with Amcor's sustainability goals for 2025.

Amcor, a global leader in responsible packaging solutions, announced the launch of its Bottles of the Year program, recognizing innovative and responsible packaging designs in various segments. The program aims to inspire and empower consumers, manufacturers, brands, and enthusiasts with elegant, thoughtful, and responsible packaging designs.

Amcor reported strong financial results for the third quarter, with adjusted EPS growth and improved earnings leverage. The company raised its fiscal 2024 Adjusted EPS guidance and reaffirmed its Adjusted Free Cash Flow outlook. Despite lower volumes in certain regions, Amcor remains confident in its long-term growth strategy and commitment to returning cash to shareholders.