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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.
Amcor will announce its Half Year 2021 results for the period ending 31 December 2020 after US market close on 2 February 2021. A conference call to discuss the results is scheduled for 5:30 PM EST on the same day. Participants can dial in using various numbers depending on their location, or access the call via a webcast available on Amcor's investor website. A replay will be available post-call.
Amcor (NYSE: AMCR), a global packaging leader, has become the first diversified packaging company to report against SASB standards, enhancing industry transparency and risk management. By adhering to SASB's Containers & Packaging standard, Amcor aims to promote sustainable practices recognized by investors. Over the past nine years, the company has also reported sustainability metrics under GRI Standards and committed to various initiatives, including joining the WWF's ReSource program to address plastic waste. Amcor generates $12.5 billion in annual sales across 230 locations worldwide.
Amcor plc (NYSE: AMCR) appointed Ms. Susan Carter as a non-executive director and a member of the Board's audit committee effective January 1, 2021. Ms. Carter brings over 30 years of financial expertise, having served as CFO at Ingersoll-Rand, KBR, and Lennox International. She is a Certified Public Accountant with degrees in Accounting and Business Administration. The Board believes her extensive leadership experience will enhance their skill set and provide valuable insights for future growth.
Amcor, a leader in global packaging, has launched Eco-Tite® R in Europe, a recyclable, PVDC-free shrink bag for meat, poultry, and cheese. This innovation aims to extend shelf-life, ensure food safety, and reduce waste. The bag can be recycled in existing polyethylene recycling streams in several European countries, including Germany, France, and Italy. This launch supports Amcor's commitment to making all its packaging recyclable or reusable by 2025. The new product is designed to provide a sustainable alternative to traditional PVDC packaging, reinforcing the industry’s shift towards eco-friendly solutions.
Amcor reported strong financial results for Q1 of fiscal 2021, with GAAP EPS at 12.6 cents, a 207% increase year-over-year. Adjusted EPS rose 20% in constant currency to 15.8 cents. Adjusted EBIT reached $358 million, up 9% in constant currency, with $20 million in synergies from the Bemis acquisition. The company increased its fiscal 2021 adjusted EPS growth outlook to 7-12%. A quarterly dividend of 11.75 cents per share was declared, alongside a $150 million share buy-back funded by divestment proceeds.
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