AMCR Earnings Call: Key Takeaways from Amcor's Q4 2024 Report
Friday, 16 August 2024, 12:42
AMCR Earnings Call Overview
Packaging solutions provider Amcor plc (NYSE: AMCR) has published its financial results for the fourth quarter of 2024, demonstrating significant growth. Below are the key highlights:
- Net Income: Increased to $257 million, or $0.18 per share, compared to $181 million, or $0.12 per share, from the previous year.
- Adjusted Earnings Per Share: Rose to $0.21 in the June quarter, marking a 9% year-over-year increase on a comparable constant currency basis.
- Net Sales: Declined to $3.53 billion from $3.67 billion in the prior year.
- Gross Profit: Reported at $754 million for the quarter, up from $722 million in Q4 2023.
Fiscal 2024 and 2025 Outlook
For fiscal 2024, Amcor reported net sales totaling $13.64 billion, down from $14.69 billion from the previous year. For fiscal 2025, management anticipates adjusted earnings per share in the range of $0.72 to $0.76. Furthermore, they project full-year adjusted free cash flow between $900 million and $1 billion.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.