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; ASX: AMC) has announced changes to its Board of Directors. Graham Chipchase has been nominated as a non-executive director for election at the Company's Annual Meeting of Shareholders on November 6, 2024. Mr. Chipchase is currently the CEO of Brambles and previously served as CEO of Rexam plc, a major consumer packaging company. He brings extensive experience in finance leadership roles and has served on the board of AstraZeneca plc.
The Board believes Mr. Chipchase's leadership experience in global packaging and his strategic development background will complement the existing skill set. Additionally, Karen Guerra will retire from the Board of Directors at the Annual Meeting after years of dedicated service. The Board has expressed gratitude for her expertise and significant contributions during her tenure.
Amcor (NYSE: AMC) announced senior executive appointments on November 4, 2025 to accelerate organic growth across its flexible packaging businesses. Fred Stephan, formerly President, Amcor Flexibles North America, was named Chief Operating Officer to drive coordinated execution between operations and commercial teams and accelerate profitable growth globally. David Clark, formerly Vice President, Sustainability, was named Chief Sustainability Officer reporting to the CEO and responsible for companywide sustainability strategies and implementation. The CEO stated the changes aim to leverage Amcor's global footprint, increase collaboration, and commercialize circular-economy packaging solutions while reducing carbon footprint.
Amcor (NYSE: AMCR; ASX: AMC), a global leader in responsible packaging solutions, has announced key executive appointments to accelerate organic growth. Fred Stephan, previously President of Amcor Flexibles North America, has been named Chief Operating Officer, a newly created role. He will focus on leveraging growth opportunities across global flexible packaging businesses.
David Clark, formerly Vice President of Sustainability, has been appointed Chief Sustainability Officer. This new role, reporting directly to the CEO, will oversee the implementation of Amcor's sustainability strategies and policies company-wide.
These appointments aim to enhance collaboration, drive faster growth in the flexibles business, and increase focus on sustainability initiatives. CEO Peter Konieczny emphasized the company's strong position and significant growth potential, highlighting the opportunity to leverage Amcor's global footprint and scale more effectively.
Amcor (ASX: AMC) announced on Sept. 4, 2024 that the Board has appointed Peter Konieczny as Chief Executive Officer, after he served as Interim CEO since April 2024. The Board intends to nominate him for election as a director at the Company’s Annual Meeting expected in November 2024.
Management commented that fiscal 2024 finished with strong earnings growth, that momentum is expected to continue into fiscal 2025, and emphasized priorities of safety, customer success and disciplined capital allocation.
Amcor (NYSE: AMCR; ASX: AMC), a global leader in responsible packaging solutions, has appointed Peter Konieczny as Chief Executive Officer. Konieczny, who has served as Interim CEO since April 2024, will also be nominated as a director for election at the Company's Annual Meeting of Shareholders in November 2024. Amcor Chairman Graeme Liebelt expressed confidence in Konieczny's leadership, citing his exceptional performance in various roles at Amcor, including as Interim CEO.
Konieczny stated his gratitude for the opportunity and highlighted Amcor's strong fiscal 2024 performance, expressing confidence in continued momentum for fiscal 2025 and beyond. He emphasized Amcor's commitment to safety, customer success, and disciplined capital allocation, positioning the company for industry-leading value creation.
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.