Amcor plc
Amcor Reports Fiscal 2024 Results and Provides Fiscal 2025 Outlook
Summary
Amcor plc reported its fiscal 2024 results, showing a sequential improvement in volumes and earnings. Net sales for the fiscal year were $13.64 billion, and GAAP net income was $730 million. Adjusted EBIT was $1,560 million, and adjusted free cash flow was $952 million. Amcor also announced an increase in the annual dividend to 50.0 cents per share and shared its outlook for fiscal 2025, expecting adjusted EPS of 72 to 76 cents per share and adjusted free cash flow of $900 to $1,000 million.
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About Amcor plc
Amcor plc is a leading global packaging company specializing in producing responsible packaging solutions. The company's primary function is to develop and supply sustainable packaging that helps protect goods, extend shelf-life, and facilitate efficient distribution across the globe. Amcor is significantly influential in various sectors, including the food, beverage, pharmaceutical, home care, and personal care industries. Its expansive product portfolio includes flexible packaging, rigid containers, specialty cartons, closures, and services. With a strong commitment to sustainability, Amcor focuses on innovation and environmental stewardship, aiming to reduce the environmental impact of packaging through recycling and reuse initiatives. The company operates across several continents, ensuring a broad reach and the ability to respond to diverse market needs. This strategic positioning within the packaging industry underscores Amcor's role in supporting global supply chains and addressing environmental challenges, solidifying its place as a key player in the market.
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