amcor Q3 Report 2024

Amcor reports third quarter result and raises fiscal 2024 Adjusted EPS

Highlights

• Net sales of $10,105 million;
• GAAP Net income of $473 million; GAAP diluted earnings per share (EPS) of 32.7 cps;
• Adjusted EPS of 49.1 cps and Adjusted EBIT of $1,106 million;
• Adjusted Free Cash Flow of $115 million, approximately $100 million ahead of prior year;
• Strong cash returns to shareholders: Quarterly dividend increased to 12.5 cents per share and $30 million of shares repurchased; and
• Fiscal 2024 outlook for Adjusted EPS raised to 68.5-71 cents per share. Adjusted Free Cash Flow outlook of $850-950 million reaffirmed.