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Amcor plc Ordinary Shares - AMCR STOCK NEWS

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Amcor plc Ordinary Shares (NYSE: AMCR, ASX: AMC) is a global leader in the development and production of responsible packaging solutions. With a history that dates back to the 1860s, Amcor has grown to become the world’s largest packaging company, serving diverse industries such as food, beverage, pharmaceutical, medical, home, and personal-care products. Operating in over 40 countries, Amcor employs approximately 41,000 people and generated $14.7 billion in annual sales for the fiscal year 2023.

Amcor specializes in both flexible and rigid packaging, providing innovative solutions that ensure products are fresh, clean, safe, and secure. The company's portfolio includes life-saving pharmaceuticals, medical equipment, food staples, and beverages, with a significant focus on sustainability and developing packaging that is increasingly lighter weight, recyclable, and reusable. Their breakthrough products like AmSky™ and AmPrima™, recognized by Walmart’s 'Circular Connector' platform, showcase Amcor’s commitment to a circular economy and sustainability.

Recent achievements include a Memorandum of Understanding with SK Geo Centric to source advanced recycled material for the Asia Pacific region and the launch of an expanded thermoforming capacity in North America to support healthcare customer growth. Amcor also recently opened its European Innovation Center in Belgium, a hub dedicated to pioneering new material technologies for sustainable packaging.

Financially, Amcor has demonstrated robust performance with a consistent growth trajectory. As of the latest updates, the company reported net sales of $3.443 billion for the three months ended September 30, 2023, and reaffirmed its adjusted EPS guidance for fiscal 2024 at 67 to 71 cents per share. Amcor continues to deliver strong cash returns to shareholders, including increased dividends and share repurchases.

Amcor's latest initiatives include the Bottles of the Year program, highlighting innovative and responsible bottle designs that align with consumer trends and preferences. With a strong focus on research and development, strategic partnerships, and sustainability, Amcor is well-positioned to lead the packaging industry in the next wave of innovation and environmental responsibility.

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Amcor conducted a survey of 12,000 consumers across six countries, revealing that 76% wish to recycle more. Key findings include that recyclability is the top sustainability attribute desired by consumers, above reusability and material considerations. Additionally, 83% of respondents expect brands to clarify recycling processes, and 80% believe local governments should enhance recycling infrastructure. Amcor's 2021 Sustainability Report indicates substantial progress, with 74% of products designed for recycling and an 86% increase in recycled content in the last two years.

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Amcor Rigid Packaging (ARP) announced a breakthrough technology aimed at improving the recyclability of small PET bottles, particularly 50 ml spirits bottles, which are often overlooked in recycling processes. This innovation allows the bottles to collapse in a controlled manner, maximizing their width to prevent them from slipping through sorting screens at U.S. recycling facilities. With a goal to make all packaging recyclable by 2025, ARP is committed to enhancing sustainability efforts. This design aims to increase recyclability rates and reduce material waste in the recycling system.

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Amcor reported strong Q1 results for the three months ending September 30, 2021. The company achieved a GAAP net income of $202 million, up 2%, and a GAAP EPS of 13.1 cents, up 4%. Adjusted EPS rose 12% to 17.7 cents on a constant currency basis. Net sales reached $3.42 billion, a 10% increase over the previous year, driven by higher raw material costs. The company is confident in its fiscal 2022 outlook, anticipating adjusted EPS growth of 7-11% and free cash flow of $1.1-$1.2 billion. Additionally, Amcor is increasing shareholder returns through $64 million in share repurchases and a raised quarterly dividend to 12 cents.

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Amcor plc (NYSE: AMCR) will announce its Q1 2022 results on November 2, 2021, after the US market closes. A conference call to discuss the results is scheduled for 5:30 PM EDT the same day. Investors can join via toll-free numbers available for various countries, including the US and Canada at 866 211 4133. Access to the webcast and supporting materials will be available on the Investors section of Amcor's website, with a replay available post-call.

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Amcor plc (NYSE: AMCR) has nominated Achal Agarwal as a non-executive director for election at the upcoming Annual Meeting on November 10, 2021. With over 40 years of experience in the consumer goods sector, including leadership roles at Kimberly-Clark Corporation and PepsiCo, Mr. Agarwal brings valuable insights to the Board. Concurrently, Philip Weaver will retire, having contributed significantly to the Board's finance and accounting expertise. The leadership transition aims to enhance the Board's effectiveness and strategic direction.

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Amcor reported a strong fiscal year 2021, with GAAP net income rising 53% to $939 million and GAAP EPS increasing 58% to 60.2 cents. Adjusted EPS grew 16% to 74.4 cents, exceeding guidance. The company generated $1.1 billion in adjusted free cash flow and completed its Bemis integration, achieving approximately $75 million in cost synergies against a goal of $180 million. A quarterly dividend of 11.75 cents was declared, raising the annual total to 47 cents. For fiscal 2022, Amcor anticipates 7-11% adjusted EPS growth and $1.1-$1.2 billion in free cash flow.

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Amcor (NYSE: AMCR) announced plans to invest $35 million in two new innovation centers in Ghent, Belgium, and Jiangyin, China. Set to open mid-2022, these facilities aim to enhance Amcor's global innovation network, allowing clients to utilize advanced material science and packaging development. Features will include immersive customer experience spaces, analytical labs, and pilot manufacturing equipment. The company maintains a commitment to sustainable packaging and invests over $100 million annually in research and development.

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Amcor has launched a new proprietary healthcare lidding technology designed for combination products, encompassing devices and drugs. This patented inert film withstands heat sterilization and prevents drug uptake, enhancing product integrity and usability. The technology is the result of collaboration with Johnson & Johnson Vision and aims to improve packaging solutions for active pharmaceutical ingredients. With 47,000 employees and $12.5 billion in sales, Amcor continues to expand its innovative healthcare offerings.

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Amcor plc (NYSE: AMCR) will release its fiscal year results for the period ended June 30, 2021, on August 17, 2021, after the U.S. market closes. The company will host a conference call at 5:30 PM EDT on the same day to discuss these results. Investors can access the call via various international dial-in numbers. Furthermore, a webcast and supporting materials will be available on Amcor's investor website, with a replay accessible post-call.

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Amcor (NYSE: AMCR) announced a partnership with Michigan State University's (MSU) School of Packaging, marking a historic investment of $10 million, the largest in the university's College of Agriculture and Natural Resources. This funding aims to enhance academic standards, modernize facilities, and create an Endowed Chair of Packaging Sustainability. CEO Ron Delia emphasized that this investment will cultivate talent in responsible packaging solutions. The initiative aligns with Amcor's strategy to innovate and improve recycling and efficiency in packaging.

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FAQ

What is the current stock price of Amcor plc Ordinary Shares (AMCR)?

The current stock price of Amcor plc Ordinary Shares (AMCR) is $9.43 as of December 23, 2024.

What is the market cap of Amcor plc Ordinary Shares (AMCR)?

The market cap of Amcor plc Ordinary Shares (AMCR) is approximately 13.6B.

What industries does Amcor serve?

Amcor serves a variety of industries including food, beverage, pharmaceutical, medical, home, and personal-care products.

What sustainability initiatives is Amcor known for?

Amcor is known for its commitment to sustainability, including developing recyclable and reusable packaging and sourcing advanced recycled materials.

What are Amcor's recent financial achievements?

Amcor reported net sales of $3.443 billion for the three months ended September 30, 2023, and reaffirmed its adjusted EPS guidance for fiscal 2024 at 67 to 71 cents per share.

What recent innovations has Amcor introduced?

Recent innovations include the AmSky™ and AmPrima™ packaging solutions, the Bottles of the Year program, and the opening of the European Innovation Center in Belgium.

What is the significance of Amcor's partnership with SK Geo Centric?

The partnership with SK Geo Centric allows Amcor to source advanced recycled materials for the Asia Pacific region, enhancing its capabilities in sustainable packaging.

How does Amcor support healthcare packaging needs?

Amcor has expanded its thermoforming capacity in North America to meet the growing demand for medical, pharmaceutical, and consumer health packaging.

What is the Bottles of the Year program?

The Bottles of the Year program recognizes innovative and responsible bottle designs that cater to consumer preferences and incorporate advanced technologies in sustainable packaging.

Where does Amcor operate globally?

Amcor operates in over 40 countries around the world, employing approximately 41,000 people.

What are Amcor's key financial metrics?

For the fiscal year 2023, Amcor generated $14.7 billion in annual sales and continues to deliver strong cash returns to shareholders through dividends and share repurchases.

How does Amcor's European Innovation Center contribute to its goals?

The European Innovation Center in Belgium focuses on creating sustainable and high-performance packaging materials, enhancing the company's innovation capabilities and supporting its sustainability goals.

Amcor plc Ordinary Shares

NYSE:AMCR

AMCR Rankings

AMCR Stock Data

13.58B
1.44B
0.34%
54.43%
1.54%
Packaging & Containers
Miscellaneous Manufacturing Industries
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