earnings
confidence high
sentiment positive
materiality 0.80
Amcor H1 adj EPS +8% CC; raises buyback to $500M; maintains FY23 guidance
Amcor plc
2023-Q2 EPS reported
$0.46
revenue$7,354,000,000
- H1 adj EPS 36.6 cps (+8% CC); GAAP EPS 46.1 cps (+65%) includes $215M Russia gain.
- Q2 adj EPS 18.5 cps (+7% CC); net sales $3.64B (+1% CC) with volumes down 2%.
- Board approved additional $100M buyback; total FY23 expected up to $500M; dividend raised to 12.25 cps.
- Completed sale of Russian business for ~$365M cash; acquired MDK (China medical packaging) for ~$50M sales.
- FY23 guidance: adj EPS 77-81 cps, FCF $1.0-1.1B; more cautious on demand, interest/tax headwind ~4%.