---
schema_version: "secwatch.filing_event.v1"
accession: "0001748790-23-000019"
form_type: "8-K"
ticker: "AMCR"
cik: "0001748790"
company_name: "Amcor plc"
filed_at: "2023-05-02T23:59:59+00:00"
generated_at: "2026-06-16T03:43:31.108352+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.78
calibrated_materiality_score: 0.78
confidence: "high"
source: SEC EDGAR
---

# Amcor cuts FY2023 adjusted EPS guidance to 72-74¢ amid weak demand

## Summary
- Q3 adjusted EPS 17.5¢; GAAP EPS 11.9¢; adjusted EBIT $382M, down 2.5% YoY constant currency.
- Nine-month adjusted EPS 54.1¢, up 4% constant currency; net sales $11,021M, up 2% constant currency.
- FY2023 adjusted EPS guidance lowered to 72-74¢ from prior 77-81¢; free cash flow $800-900M (prev. $1.0-1.1B).
- Quarterly dividend raised to 12.25¢ (from 12.00¢); up to $500M share repurchases planned for FY2023.
- Volumes declined ~3% in Q3 due to softer demand and customer destocking; cost actions offset inflation.

## SEC filing metadata
- accession: 0001748790-23-000019
- form_type: 8-K
- ticker: AMCR
- cik: 0001748790
- company_name: Amcor plc
- filed_at: 2023-05-02T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.78
- calibrated_materiality_score: 0.78
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1748790/000174879023000019/0001748790-23-000019-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1748790/000174879023000019/amcr-20230502.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001748790-23-000019
- JSON: https://secwatch.observer/filing/0001748790-23-000019.json
- Plain text: https://secwatch.observer/filing/0001748790-23-000019.txt

## Key facts
- Earnings Releases
  Amcor plc reported first nine months of fiscal year 2023 results: revenue Net sales of $11,021 million, net income GAAP Net income of $868 million, EPS GAAP diluted earnings per share (EPS) of 58.1 cps. Guidance reaffirmed.
  - Period: first nine months of fiscal year 2023
  - Revenue: Net sales of $11,021 million
  - Net income: GAAP Net income of $868 million
  - EPS: GAAP diluted earnings per share (EPS) of 58.1 cps
  - Guidance: reaffirmed
  - Result: reported results
  source text: quarter result and updates fiscal 2023 outlook March 2023 quarter: GAAP EPS of 11.9 cps; Adjusted EPS of 17.5 cps Highlights - Nine Months Ended March 31, 2023 • Net sales of $11,021 million, up 4%; • GAAP Net income of $868 million, up 25%; GAAP diluted earnings per share (EPS) of 58.1 cps, up 27%; • Adjusted EPS of 54.1 cps, up 4% on a comparable constant currency
  evidence_url: https://www.sec.gov/Archives/edgar/data/1748790/000174879023000019/0001748790-23-000019-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.