Amcor H1 adj EPS 31.3c (-10% cc); sales down 8% cc; reaffirms full-year guidance

Amcor plc

2024-Q2 EPS reported $0.20 revenue$3,251,000,000

GAAP diluted EPS 19.8c; adjusted EPS 31.3c, down 10% comparable constant currency from 36.6c prior year.
Net sales $6,694M, down 8% comparable constant currency; volumes 9% lower on demand weakness and accelerated destocking.
Adjusted EBIT $709M, down 6% cc; margins held at 10.6% despite volume decline.
Quarterly dividend raised to 12.5c/share (from 12.25c); $30M shares repurchased in H1.
FY2024 guidance reaffirmed: adj EPS 67-71c, adj FCF $850-950M; expect mid-single digit adj EPS growth in Q4.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Amcor plc reported first six months of fiscal year 2024 results: revenue Net sales of $6,694 million, net income GAAP Net income of $286 million, EPS GAAP diluted earnings per share (EPS) of 19.8 cps; Adjusted EPS of 31.3 cps. Guidance reaffirmed.

Period: first six months of fiscal year 2024
Revenue: Net sales of $6,694 million
Net income: GAAP Net income of $286 million
EPS: GAAP diluted earnings per share (EPS) of 19.8 cps; Adjusted EPS of 31.3 cps
Guidance: reaffirmed
Result: reported results

Exact text from the filing

Amcor reports first half and second quarter result for fiscal 2024 December 2023 quarter: GAAP diluted EPS of 9.2 cps; Adjusted EPS of 15.7 cps Highlights - Six Months Ended December 31, 2023 • Net sales of $6,694 million; • GAAP Net income of $286 million; GAAP diluted earnings per share (EPS) of 19.8 cps; • Adjusted EPS of 31.3 cps and Adjusted EBIT of $709 million; • Adjusted Free Cash Flow $113 million ahead of prior year; • Continued strong cash returns to shareholders: Quarterly dividend increased to 12.5 cents per share and $30 million of shares repurchased; and • Reaffirming fiscal 2024 outlook: Adjusted EPS of 67-71 cents per share and adjusted Free Cash Flow of $850-950 million.

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Source: SEC EDGAR

accession 0001748790-24-000004

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