Amcor plc Ordinary Shares - AMCR STOCK NEWS

Amcor (NYSE: AMCR) announced a strategic investment of USD$5 million in PragmatIC Semiconductor, a leader in ultra-low-cost electronics, on January 20, 2022. This funding is part of a larger Series C round exceeding USD$90 million. PragmatIC specializes in flexible integrated circuits, facilitating smart packaging solutions by embedding technology into packaging for improved supply chain management and consumer engagement. Both companies emphasize sustainability and innovation in packaging, aiming to enhance product lifecycle connectivity.

Amcor plc (NYSE: AMCR) is set to announce its Half Year 2022 results for the period ending December 31, 2021, after market close on February 1, 2022. A conference call and webcast to discuss these results will take place at 5:30 PM EST on the same day. Dial-in numbers for different regions have been provided for participants. Access to the webcast, along with supporting materials, will be available on Amcor's investor website. The company is a global leader in responsible packaging solutions.

Amcor (NYSE: AMCR) has announced a price increase of up to 15% on its products globally, effective January 1, 2022. This decision responds to ongoing supply constraints and increased costs of raw materials, transport, and energy, which have been escalating since early 2021. Chief Commercial Officer Peter Konieczny emphasized collaboration with customers and supply chain partners to meet the rising demand for high-performance packaging while mitigating supply chain challenges.

Amcor (NYSE: AMCR) has inaugurated a new greenfield healthcare packaging facility in Tuas, Singapore, aimed at meeting the rapidly growing demand for healthcare packaging in the Asia Pacific region. The facility features cleanroom manufacturing, advanced co-extrusion blown film capabilities, and is ISO 13485 certified. With the Asia Pacific healthcare market expected to grow over 8% through 2026, Amcor is positioned to enhance its product offerings and innovation capabilities. The facility also supports Amcor's commitment to sustainability, utilizing water-based printing technology and producing recycle-ready products.

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.

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.

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.

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.

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.