cynoclub Foreword As a supplement to this article, please note that Kiplinger has published an on-line slide-show detailing the latest 2024 S&P Dividend Aristocrats. The article, entitled The S&P 500 Dividend Aristocrats, is by Dan Burrows, a contributing editor. To summarize Burrow’s intro: S&P Dow Jones rebalances the S&P 500 Dividend Aristocrats in January. The 2024 total Aristocrats stands at 67. Changes to the Dividend Aristocrats included, removing Walgreens Boots Alliance (WBA) but industrials su ...

ZURICH, Sept. 5, 2024 /PRNewswire/ -- Amcor (NYSE: AMCR; ASX: AMC), a global leader in developing and producing responsible packaging solutions, today announced senior executive appointments designed to help accelerate organic growth in the business. Fred Stephan, previously President, Amcor Flexibles North America, has been appointed to the newly introduced role of Chief Operating Officer.David Clark, previously Amcor Vice President, Sustainability, has been appointed to the new Chief Sustainability Office ...

ZURICH, Sept. 4, 2024 /PRNewswire/ -- Amcor (NYSE: AMCR; ASX: AMC), a global leader in developing and producing responsible packaging solutions, today announced that its Board of Directors has appointed Peter Konieczny as Chief Executive Officer (CEO). Mr. Konieczny has served as Interim CEO since April 2024. The Board also intends to nominate him as a director for election at the Company's Annual Meeting of Shareholders which is expected to be held in November 2024.Amcor's Board of Directors has appointed ...

Shares of Amcor (AMCR) have scaled a new 52-week high of $10.96 on Aug 21, before closing the session a tad lower at $10.93.AMCR currently has a market capitalization of $15.8 billion and a Zacks Rank #3 (Hold).So far this year, Amcor’s shares have gained 13.4%, outperforming the industry's 11.6% growth and the Industrial Products sector’s 6.7% rise.  Image Source: Zacks Investment Research What’s Driving the Amcor Stock?Recovery in Volumes in Q4: The company recently reported upbeat fourth-quarter and fisc ...

ZURICH, Aug. 20, 2024 /PRNewswire/ -- Amcor (NYSE: AMCR, ASX:AMC), a global leader in developing and producing responsible packaging solutions, announced the publication of its Decarbonization Roadmap to reduce greenhouse gas (GHG) emissions. Amcor's targets are aligned with the latest climate science aiming to limit global temperature rise to 1.5 degrees Celsius and validated by the Science-Based Targets initiative (SBTi).Amcor's Decarbonization Roadmap features "4 + 1" focus areas:Charting a sustainable p ...

Key TakeawaysThe S&P 500 added 0.2% on Friday, Aug. 16, closing out a strong week and completing its recovery from a selloff at the beginning of the month.Strong demand from the Coach brand helped luxury goods firm Tapestry top quarterly estimates, and its shares moved higher.Amcor stock lost ground as soft demand trends contributed to a sales shortfall for the global packaging provider. Major U.S. equities indexes edged slightly higher to wrap up a winning week for U.S. stocks. The S&P 500, Nasdaq, and Dow ...

Amcor Plc (AMCR) reported fourth-quarter fiscal 2024 (ended Jun 30, 2024) adjusted earnings per share (EPS) of 21 cents, in line with the Zacks Consensus Estimate. The bottom line improved 9.3% from the prior-year quarter’s EPS of 19 cents, owing to year-year-year volume growth and lower costs.Including special items, the company reported an EPS of 18 cents, up from the prior-year quarter’s EPS of 12 cents.Total revenues for the quarter were $3.54 billion, which missed the Zacks Consensus Estimate of $3.66 ...

Amcor plc AMCR reported mixed results for the fourth quarter on Thursday.The company reported quarterly earnings of 21 cents per share which beat the analyst consensus estimate of 20 cents per share. The company reported quarterly sales of $3.54 billion which missed the analyst consensus estimate of $3.64 billion.Amcor Interim CEO Peter Konieczny said, "Amcor finished fiscal 2024 strongly, as the underlying business delivered another sequential improvement in volume and earnings growth, with fourth quarter ...

U.S. stock futures were mixed this morning, with the S&P 500 futures falling around 0.1% on Friday.Shares of Applied Materials, Inc. AMAT declined in today's pre-market trading following third-quarter results.Applied Materials reported third-quarter revenue of $6.78 billion, beating the consensus estimate of $6.673 billion. The chip equipment company reported adjusted earnings of $2.12 per share, beating analyst estimates of 2.02 per share.Applied Materials anticipates fourth-quarter revenue of $6.53 billio ...

Financial Performance - In fiscal year 2024, the Flexibles Segment accounted for approximately 76% of consolidated net sales, while the Rigid Packaging Segment accounted for approximately 24%[24][25]. - Amcor's goodwill and other intangible assets amounted to $6.7 billion as of June 30, 2024, with annual reviews for impairment based on market conditions and business strategy changes[113]. - The company is exposed to foreign exchange rate risks, particularly with currencies like the Euro and Brazilian Real, which may negatively affect reported cash flow and financial results[109]. - Amcor's cash flow from operations is typically lower in the first half of the fiscal year and higher in the second half due to seasonal demand patterns[39]. - Changes in tax laws, including the OECD's proposed 15% global minimum tax, could impact the company's financial condition and effective tax rate starting July 1, 2024[136]. Sustainability and Innovation - Amcor spends approximately $100 million annually on research and development (R&D) to drive innovation in packaging solutions[33]. - The company aims to use 30% recycled materials in its products by 2030, having increased its target from previous commitments[16]. - Amcor's sustainability strategy includes a commitment to achieve net zero emissions by 2050, with near-term science-based targets validated in fiscal year 2024[36]. - The company has identified three key elements of responsible packaging: product innovation, consumer participation, and waste management infrastructure[32]. - The company is committed to achieving net zero greenhouse gas emissions by 2050, with interim emissions targets approved by the Science Based Targets initiative[125]. Workforce and Diversity - Amcor employs around 35,000 employees in the Flexibles Segment across 160 manufacturing and support facilities in 36 countries[24]. - As of June 30, 2024, Amcor had approximately 41,000 employees globally, with 31% in North America, 29% in Europe, 21% in Latin America, and 19% in the Asia Pacific region[42]. - Approximately 43% of Amcor's workforce is covered by collective bargaining agreements, with 20% of those agreements set to expire within one year as of June 30, 2024[42]. - As of June 30, 2024, 44% of Amcor's Board and 27% of its Global Management Team are composed of women, reflecting the company's commitment to diversity, equity, and inclusion[52]. - Amcor's fiscal years 2023-2027 Human Capital Strategy focuses on ensuring the right people are in the right jobs to drive growth, emphasizing talent development and succession planning[45]. Health and Safety - During fiscal year 2024, Amcor reduced the number of injuries by 12%, with 73% of its sites being injury-free, and a Total Recordable Incident Rate (TRIR) of 0.27, which is an improvement over fiscal year 2023[44]. - The company’s commitment to health and safety is reflected in its global Environment, Health, and Safety standards, aiming for a culture of care and an injury-free workplace[43]. Regulatory and Legal Compliance - Amcor's operations are subject to various governmental laws and regulations, and the company believes it is in substantial compliance with applicable health and safety and environmental laws[38]. - The company has been subject to Section 404 of the Sarbanes-Oxley Act since fiscal year 2020, which requires maintaining adequate internal controls over financial reporting[115]. - The company is subject to environmental, health, and safety laws, which may result in increased operational costs and liabilities[132]. - The company faces potential increased costs due to evolving ESG regulations, including compliance with climate-related rules and extended producer responsibility[126]. - The company operates under Jersey law, which may not provide the same level of legal certainty as U.S. jurisdictions, potentially affecting investor rights[138]. Risk Management - The company has implemented a hedging policy to manage foreign exchange fluctuations, although ineffective hedges could adversely impact financial results[111]. - The company utilizes a captive insurance company, Amcor Insurances Pte. Ltd., to retain a portion of its insurable risk, which may lead to significant financial implications if claims exceed reserves[117]. - A significant portion of the company's assets is located outside the U.S., complicating the enforcement of civil liabilities against its directors and officers[139]. - U.S. court judgments may face enforcement limitations outside the U.S., including in Australia and Jersey[140]. - The Royal Court of Jersey has non-exclusive jurisdiction for actions against the company, but is the sole forum for derivative shareholder actions[140]. - There is uncertainty regarding the enforcement of exclusive forum provisions for fiduciary duty breach claims in U.S. or Jersey courts[140].