Amcor Q1 Report 2024

Amcor reports first quarter result and reaffirms outlook for fiscal 2024

Highlights

• Net sales of $3,443 million;
• GAAP Net income of $152 million; GAAP diluted earnings per share (EPS) of 10.5 cps;
• Adjusted EPS of 15.6 cps and Adjusted EBIT of $358 million;
• Adjusted Free Cash Flow ahead of prior year;
• Increased cash returns to shareholders: Quarterly dividend increased to 12.5 cents per share and $30 million of shares repurchased; and
• Fiscal 2024 outlook: Reaffirming adjusted EPS of 67-71 cents per share and adjusted Free Cash Flow of $850-950 million.