Amcor Plc (AMCR) is scheduled to report second-quarter fiscal 2024 results on Feb 6, after the closing bell.Q2 EstimatesThe Zacks Consensus Estimate for fiscal second-quarter revenues is pegged at $3.29 billion, indicating a decline of 9.7% from the year-ago quarter’s reported figure. The consensus mark for quarterly earnings is currently 15 cents per share, which suggests a 21% plunge from the year-ago quarter’s actual. The estimate has been unchanged over the past 30 days.Q1 ResultsAmcor witnessed a year- ...

DEERFIELD, Ill., Jan. 31, 2024 /PRNewswire/ -- Amcor (NYSE: AMCR, ASX:AMC), a global leader in developing and producing responsible packaging solutions, today announced a significant expansion of its North American thermoforming capabilities for the healthcare market. State-of-the-art thermoforming equipment at Amcor’s healthcare manufacturing plant in Oshkosh, Wis., will support customers in the medical, pharmaceutical and consumer health sectors. The addition of automated, state-of-the art thermoformi ...

Buy low, sell high. That investing maxim is ingrained in us almost as soon as we start investing. It’s the way to maximize profits. Yet you still have to use judgment. Cheap stocks are often cheap for a reason. There may be something wrong with the business that caused the market to sell them off and trade at single-digit prices. But often doesn’t mean always. Sometimes the market gets it wrong. It mistakes a temporary problem for a fatal flaw. During the housing market’s subprime mortgage crisis, Citigroup ...

ZURICH, Jan. 23, 2024 /PRNewswire/ -- Amcor plc (NYSE: AMCR; ASX: AMC) will announce its Half Year 2024 results for the six months ended 31 December 2023 after the US market closes on Tuesday 6 February 2024.  A conference call and webcast to discuss the results will be held at 5.30pm US Eastern Standard Time on Tuesday 6 February 2024 / 9.30am Australian Eastern Daylight Time on Wednesday 7 February 2024. For those wishing to participate in the call please see dial-in details below:USA & Canada            ...

If you are an investor like me, your goal is to generate passive income as soon as you start investing. While it is possible to enjoy capital appreciation on your investment, you must consider the different ways you can make money while you remain invested. Picking dividend stocks is one way of taking home steady income but not all dividend stocks are the same. You need to identify durable companies with stable balance sheets and consistent dividend payouts. With that in mind, let’s take a look at the best ...

Amcor Plc. (AMCR) shares have lost 16.1% in a year against the industry’s growth of 2.2%. This mainly reflects lower volumes due to weak consumer demand. Higher input costs and supply-chain headwinds added to the company’s woes. Image Source: Zacks Investment Research Low Volume, High Costs AilAmcor’s volumes have been bearing the brunt of weak consumer demand due to the current inflationary environment. Customers have also been lowering their inventory, which further impacted demand. In fiscal 2023, Amcor ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended September 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________ to __________ Commission File Number 001-38932 AMCOR PLC (Exact name of Registrant as specified in its charter) Jersey 98-1455367 (State or other jurisdic ...

Amcor plc (NYSE:AMCR) Q1 2024 Earnings Conference Call October 31, 2023 5:30 PM ET Company Participants Tracey Whitehead - Head of Investor Relations Ron Delia - Chief Executive Officer Michael Casamento - Chief Financial Officer Conference Call Participants Ghansham Panjabi - Baird Daniel Kang - CLSA Adam Samuelson - Goldman Sachs George Staphos - Bank of America Sam Seow - Citi Mike Roxland - Truist Securities Richard Johnson - Jefferies Cameron McDonald - E&P Nathan Reilly - UBS John Purtell - Macquarie ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended June 30, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________ to __________ Commission File Number 001-38932 AMCOR PLC (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or organi ...

Financial Data and Key Metrics Changes - Amcor reported a 1% increase in adjusted EBIT for fiscal 2023, with full-year adjusted EBIT of $1.6 billion [10][11] - Reported net sales for the year were up 1%, impacted by a 3% unfavorable currency effect and approximately $775 million in pricing to recover higher raw material costs [10][11] - Adjusted EPS for the year was $0.733 per share, down 2% on a comparable constant currency basis [11][13] Business Line Data and Key Metrics Changes - In the Flexibles segment, reported sales were in line with last year, with a 5% sales growth attributed to raw material cost recovery, but volumes were down 3% [16][17] - Rigid Packaging saw a 4% increase in reported net sales, but organic sales declined by 3% due to a 4% drop in volumes [19][20] - Adjusted EBIT for Flexibles was up 1% on a comparable constant currency basis, while Rigid Packaging's adjusted EBIT was down 7% [17][21] Market Data and Key Metrics Changes - The North American and European markets experienced high single-digit volume declines in the June quarter, consistent with soft retail scanner data [18][21] - Emerging markets showed better volume performance, with Asia's volumes flat and Latin America down mid-single digits [81] Company Strategy and Development Direction - Amcor is focused on long-term growth through innovation and sustainability initiatives, particularly in high-value markets [9][30] - The company is pursuing value-creating M&A opportunities, including the recent acquisition of Phoenix flexible packaging in India [9][30] - Amcor aims to return to mid-single-digit earnings growth in the second half of fiscal 2024, supported by cost reduction initiatives and cycling easier volume comparatives [8][28] Management's Comments on Operating Environment and Future Outlook - Management noted ongoing inflation, softening consumer demand, and customer destocking as significant challenges [6][12] - The expectation for fiscal 2024 includes adjusted EPS of approximately $0.67 to $0.71 per share, with organic growth anticipated to be low-single-digit [24][25] - Management expressed confidence in returning to solid earnings growth without relying on significant changes in demand [28] Other Important Information - Amcor returned approximately $1.2 billion to shareholders through dividends and share repurchases during the year [13][14] - The company has reduced its inventory balances by over $400 million from peak levels in November 2022 [23] Q&A Session Summary Question: What are the assumptions for fiscal year '24 in context of the 3% decline reported in fiscal year '23? - Management expects first half volumes to be down mid to high single digits, with the second half potentially flat to low single digits, assuming no further destocking [40] Question: Can you provide insight into the destocking across major regions? - Destocking has been broad, with early signs in meat and premium coffee categories, and management anticipates it will largely be behind by the end of the calendar year [42][43] Question: What is the outlook for interest expense in fiscal '24? - Interest expense is expected to be in the range of $320 million to $340 million due to rising global rates [45][46] Question: How is the company addressing SKU rationalization from major customers? - SKU rationalization is seen as beneficial, simplifying the business and aligning with sustainable formats [77][78] Question: What is the company's strategy regarding the protein packaging market? - Amcor is well-positioned with a comprehensive product portfolio and recent acquisitions to drive growth in the protein category [30][32][66]