earnings
confidence high
sentiment positive
materiality 0.80
Amcor Q1 FY23 beats: adj EPS 18.1c (+10% cc), revenue $3.7B (+9%), dividend up to 12.25c
Amcor plc
2023-Q1 EPS reported
$0.15
revenue$3,712,000,000
- Net sales $3,712M (+9% reported); GAAP net income $232M (+15%); GAAP diluted EPS 15.5c (+18%).
- Adjusted EPS 18.1c (+10% comparable constant currency); adjusted EBIT $392M (+9% cc).
- Quarterly dividend increased to 12.25c/share from 12.00c; ex-date Nov 22, record Nov 23, pay Dec 13.
- FY23 guidance: adj EPS 77-81c reported (down from 80-84c due to USD), cc growth 3-8% reaffirmed; FCF $1.0-1.1B; buybacks ~$400M.
- Flexibles EBIT +11% cc; Rigid Packaging +7% cc; overall volumes -0.6% but price/mix +3%.