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Amcor(AMCR) - 2025 Q1 - Earnings Call Transcript
2024-11-01 02:36
Amcor plc (NYSE:AMCR) Q1 2025 Earnings Conference Call October 31, 2024 5:30 PM ET Company Participants Tracey Whitehead - Head of Investor Relations Peter Konieczny - Chief Executive Officer Michael Casamento - Executive Vice President of Finance and Chief Financial Officer Conference Call Participants Ghansham Panjabi - Robert W. Baird & Co. John Purtell - Macquarie Research George Staphos - Bank of America Merrill Lynch James Wilson - Jarden Australia Michael Roxland - Truist Securities, Inc. Daniel Kang ...
Amcor(AMCR) - 2025 Q1 - Earnings Call Presentation
2024-11-01 00:52
| --- | --- | |---------------------------------------------------------------------------|-------| | | | | | | | | | | Fiscal 2025 First Quarter Results (three months ended September 30, 2024) | | | | | | Peter Konieczny CEO | | | Michael Casamento CFO | | | | | | October 31, 2024 US November 1, 2024 Australia | | Disclaimers 2 Cautionary Statement Regarding Forward-Looking Statements This document contains certain statements that are "forward-looking statements" within the meaning of the safe harbor provi ...
Amcor (AMCR) Q1 Earnings Match Estimates
ZACKS· 2024-10-31 22:26
Amcor (AMCR) came out with quarterly earnings of $0.16 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.16 per share a year ago. These figures are adjusted for non-recurring items.A quarter ago, it was expected that this packaging company would post earnings of $0.21 per share when it actually produced earnings of $0.21, delivering no surprise.Over the last four quarters, the company has surpassed consensus EPS estimates two times.Amcor, which belongs to the Zacks Contai ...
Amcor(AMCR) - 2025 Q1 - Quarterly Results
2024-10-31 20:12
Exhibit 99.1 NEWS RELEASE Amcor reports first quarter result and reaffirms outlook for fiscal 2025 Highlights - Three Months Ended September 30, 2024 • Third consecutive quarter of sequential improvement in volume growth; • Net sales of $3,353 million; • GAAP Net income of $191 million; GAAP diluted earnings per share (EPS) of 13.2 cps; • Adjusted EBIT of $365 million, up 3% on a comparable constant currency basis; • Adjusted EPS of 16.2 cps, up 5% on a comparable constant currency basis; and • Quarterly di ...
Amcor reports first quarter result and reaffirms outlook for fiscal 2025
Prnewswire· 2024-10-31 20:10
Highlights - Three Months Ended September 30, 2024 Third consecutive quarter of sequential improvement in volume growth; Net sales of $3,353 million; GAAP Net income of $191 million; GAAP diluted earnings per share (EPS) of 13.2 cps; Adjusted EBIT of $365 million, up 3% on a comparable constant currency basis; Adjusted EPS of 16.2 cps, up 5% on a comparable constant currency basis; and Quarterly dividend increased to 12.75 cents per share.Fiscal 2025 outlook reaffirmed Adjusted EPS of 72-76 cents per share; ...
Amcor to Sell Interest in BCNA Joint Venture for $122 Million
Prnewswire· 2024-10-31 20:05
Sale not expected to impact FY25 financial outlookProceeds to be used to reduce debtZURICH, Oct. 31, 2024 /PRNewswire/ -- Amcor (NYSE: AMCR, ASX: AMC), a global leader in developing and producing responsible packaging solutions, announced today it has entered into an agreement to sell its 50% interest in Bericap North America (BCNA) for $122 million. Established in 1997, BCNA is a 50/50 joint venture between Amcor Rigid Packaging and Germany-based Bericap that manufactures closures for beverage, food and in ...
Amcor Gears Up to Report Q1 Earnings: What Should You Expect?
ZACKS· 2024-10-30 17:21
Amcor Plc (AMCR) is scheduled to report first-quarter fiscal 2025 results on Oct. 31, after the closing bell. The Zacks Consensus Estimate for AMCR's first-quarter revenues is pegged at $3.57 billion, indicating 3.7% growth from the year-ago reported figure. The consensus estimate for earnings is pegged at 16 cents per share. The Zacks Consensus Estimate for AMCR's first-quarter earnings has moved down 6% in the past 60 days. The estimate indicates a flat year-over- year bottom line. | --- | --- | --- | --- ...
Amcor released 2024 Sustainability Report highlighting key achievements and progress
Prnewswire· 2024-10-18 07:11
ZURICH, Oct. 18, 2024 /PRNewswire/ -- Amcor (NYSE: AMCR; ASX: AMC), a global leader in developing and producing responsible packaging solutions, released today its 2024 Sustainability Report. The report shows significant achievements and continued progress in the company's sustainability aspirations.Join Peter Konieczny, CEO of Amcor, as he shares highlights from the Sustainability Report 2024, showcasing the company’s key achievements and ongoing progress.Amcor Sustainability Report 2024In addition to havi ...
Amcor to report First Quarter 2025 results
Prnewswire· 2024-10-17 22:00
Group 1 - Amcor plc will announce its First Quarter 2025 results on October 31, 2024, after the US market closes [1] - A conference call and webcast to discuss the results is scheduled for 5:30 PM US Eastern Daylight Time on October 31, 2024 [1] - The company generated $13.6 billion in annual sales in fiscal year 2024, with operations spanning 212 locations in 40 countries [2] Group 2 - Amcor is a global leader in responsible packaging solutions for various sectors including food, beverage, pharmaceutical, and personal care [2] - The company focuses on creating packaging that is recyclable, reusable, and made with increasing amounts of recycled content [2] - Amcor employs approximately 41,000 people worldwide [2]
All You Need to Know About Amcor (AMCR) Rating Upgrade to Buy
ZACKS· 2024-10-14 17:01
Core Viewpoint - Amcor (AMCR) has been upgraded to a Zacks Rank 2 (Buy), indicating a positive outlook on its earnings estimates, which is a significant factor influencing stock prices [1][2]. Earnings Estimate Revisions - The Zacks Consensus Estimate for Amcor for the fiscal year ending June 2025 is projected at $0.75 per share, reflecting a 7.1% increase from the previous year's reported figure [5]. - Over the past three months, analysts have raised their earnings estimates for Amcor by 1.4% [5]. Impact of Institutional Investors - Changes in earnings estimates are closely correlated with stock price movements, largely due to institutional investors who adjust their valuations based on these estimates [3]. - An increase in earnings estimates typically leads to higher fair value calculations for stocks, prompting institutional buying or selling, which subsequently affects stock prices [3]. Zacks Rank System - The Zacks Rank system classifies stocks into five groups based on earnings estimates, with Zacks Rank 1 (Strong Buy) stocks historically generating an average annual return of +25% since 1988 [4]. - The upgrade of Amcor to a Zacks Rank 2 places it in the top 20% of Zacks-covered stocks, indicating strong potential for market-beating returns in the near term [7].