secwatch.observer — SEC 8-K summary
======================================

Issuer:     Amcor plc (AMCR)
CIK:        0001748790
Form:       8-K
Filed at:   2023-05-02T23:59:59+00:00
Accession:  0001748790-23-000019
Event type: earnings
Sentiment:  negative
Materiality: 0.78
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1748790/000174879023000019/0001748790-23-000019-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1748790/000174879023000019/amcr-20230502.htm
  HTML page:      https://secwatch.observer/filing/0001748790-23-000019

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer