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NEW YORK - Amcor plc (NYSE:AMCR) reported second-quarter earnings on Tuesday that met analyst expectations, while revenue fell short of estimates, while reaffirming its full-year guidance, which aligns with current market projections.
For the quarter ended December 31, 2024, Amcor posted adjusted earnings per share (EPS) of $0.16, matching the analyst consensus. Revenue came in at $3.24 billion, below the $3.36 billion analysts had forecast. The company noted that net sales decreased YoY, but did not provide a specific percentage.
Amcor’s adjusted EBIT for the quarter rose 5% on a comparable constant currency basis to $363 million. The company highlighted its fourth consecutive quarter of sequential volume improvement, with CEO Peter Konieczny stating, "We continued to execute well on our underlying business, delivering our fourth consecutive quarter of sequential volume improvement."
Looking ahead, Amcor reaffirmed its fiscal year 2025 outlook, projecting adjusted EPS between $0.72 and $0.76. This guidance is in line with the current analyst consensus of $0.74 per share.
Konieczny also commented on the recently announced merger with Berry Global, saying, "Bringing these two companies together will deliver on our strategy to become an even stronger company with accelerated volume-driven organic growth achieved through an unwavering focus on our customers, sustainability and portfolio mix."
The company declared a quarterly cash dividend of 12.75 cents per share, an increase from 12.5 cents per share in the same quarter last year.
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