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AI English summary of an SEC filing — figures as filed

Amcor logoAmcor AMCR

The company said it recorded net sales of $3,353 million, GAAP net income attributable to Amcor plc of $191 million, and diluted EPS of 13.2 cps for the 3 months ended September 30, 2024. Adjusted EBIT was $365 million, and adjusted EPS was 16.2 cps.

8-KResults of Operations and Financial ConditionFiled Period of report Summary published (UTC)

Key points

AI summary
  1. The company said it recorded net sales of $3,353 million, GAAP net income attributable to Amcor plc of $191 million, and diluted EPS of 13.2 cps for the 3 months ended September 30, 2024. Adjusted EBIT was $365 million, and adjusted EPS was 16.2 cps.

  2. Amcor said adjusted EBIT of $365 million was up approximately 3% on a comparable constant currency basis. It cited higher volumes, cost performance and restructuring benefits as offsetting unfavorable price/mix, and said adjusted EBIT margin rose to 10.9%, up 50 basis points.

  3. The company said adjusted free cash flow was an outflow of $395 million for the 3 months ended September 30, 2024, compared with an outflow of $227 million a year earlier. It cited higher inventories and higher capital expenditure as factors. Net debt was $6,872 million, and leverage was 3.5 times.

  4. The company said it raised its quarterly dividend to 12.75 cents per share from 12.5 cents a year earlier, and reaffirmed its outlook for adjusted EPS of approximately 72 to 76 cents and adjusted free cash flow of approximately $900 million to $1,000 million for fiscal 2025.

Summary

AI-written

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

Fiscal 2025 Q1 GAAP and Adjusted Results

The company said it recorded net sales of $3,353 million, GAAP net income attributable to Amcor plc of $191 million, and diluted EPS of 13.2 cps for the 3 months ended September 30, 2024. Adjusted EBIT was $365 million, and adjusted EPS was 16.2 cps.

Source · Based on the filing body and exhibits

Adjusted EBIT Rises, Company Cites Drivers

Amcor said adjusted EBIT of $365 million was up approximately 3% on a comparable constant currency basis. It cited higher volumes, cost performance and restructuring benefits as offsetting unfavorable price/mix, and said adjusted EBIT margin rose to 10.9%, up 50 basis points.

Source · Based on the filing body and exhibits

Free Cash Flow Outflow and Net Debt

The company said adjusted free cash flow was an outflow of $395 million for the 3 months ended September 30, 2024, compared with an outflow of $227 million a year earlier. It cited higher inventories and higher capital expenditure as factors. Net debt was $6,872 million, and leverage was 3.5 times.

Source · Based on the filing body and exhibits

Quarterly Dividend Increase and Fiscal 2025 Outlook

The company said it raised its quarterly dividend to 12.75 cents per share from 12.5 cents a year earlier, and reaffirmed its outlook for adjusted EPS of approximately 72 to 76 cents and adjusted free cash flow of approximately $900 million to $1,000 million for fiscal 2025.

Source · Based on the filing body and exhibits

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.

Source: SEC EDGAR (U.S. Securities and Exchange Commission). Item captions are the SEC's. The summary is for reference only and is not investment advice.