Amcor Plc Stock Price, News & Analysis

Amcor plc (NYSE: AMCR) will announce its first quarter results for the period ending September 30, 2022, after the US market closes on November 1, 2022. A conference call and webcast to discuss the results is scheduled for 5:30 PM EDT on the same day. Participants can join using the provided dial-in numbers for various regions. Access to the webcast and supporting documents will be available on Amcor's investor website. The company specializes in responsible packaging solutions across multiple industries.

Amcor (NYSE: AMCR) has released its inaugural Task Force on Climate-Related Financial Disclosure (TCFD) report, detailing its climate scenario analysis, governance structure, and risk management strategy. This report underscores Amcor's commitment to sustainability and transparency regarding climate risks. CFO Michael Casamento emphasized how the TCFD standards enhance the company's existing sustainability reporting, aligning with Global Reporting Initiative (GRI) and SASB standards. The company plans to publish its 2022 Sustainability Report in mid-November, offering further insights into its sustainability efforts.

Amcor (NYSE: AMCR) has announced a strategic investment of up to $45 million in ePac Flexible Packaging, increasing its minority stake. This move reflects Amcor's confidence in ePac's rapidly scalable, digital packaging model catering to small and medium-sized customers. ePac has experienced over 600% annual revenue growth in three years, now exceeding a run rate of $200 million, with 25 global sites offering advanced digital printing services. Amcor aims to leverage this partnership to enhance personalized, connected, and sustainable packaging solutions.

Amcor, a leader in sustainable packaging solutions, has launched its Amcor Lift-Off initiative, offering $250,000 investments to two innovative start-ups: Bloom Biorenewables Ltd and Nfinite Nanotechnology. This initiative aims to enhance sustainable packaging through advanced technologies. Bloom focuses on converting plant waste into biodegradable polyester, while Nfinite specializes in eco-friendly nanocoatings. Both companies will benefit from Amcor's R&D resources, with the goal of driving sustainability and addressing challenges in the packaging industry.

Amcor (NYSE: AMCR) recently inaugurated its latest Innovation Center in Jiangyin, China, aimed at enhancing sustainable packaging solutions in the Asia Pacific region. This facility will streamline collaboration with customers to bring innovative packaging ideas to life, leveraging advanced materials science and analytical labs. Notable programs at the center include the Catalyst™ program for co-innovation, an Ideation and Prototyping Lab for rapid product development, and an Applications Lab for efficient testing. Amcor continues to focus on responsible packaging to drive growth and innovation.

Amcor has successfully completed the acquisition of a flexible packaging plant in the Czech Republic, enhancing its capacity to meet rising customer demands in Europe, particularly in the coffee and pet food segments. This strategically located facility is expected to accelerate the company's growth momentum and offers scalable operations to establish a robust production hub. The acquisition aligns with Amcor's commitment to providing responsible packaging solutions and aims to generate strong returns for shareholders.

Amcor reported a strong fiscal 2022 with net sales of $14,544 million, up 13%, and GAAP net income of $805 million. The adjusted EPS reached 80.5 cents, an 11% increase on a comparable constant currency basis. For fiscal 2023, the company expects adjusted EPS growth of 3-8% despite a 4% adverse impact from higher interest expenses and a 2% impact from selling Russian operations, projected to generate $1.0-$1.1 billion in adjusted free cash flow. The dividend increased to 48 cents with $600 million in shares repurchased.