Close

UPDATE: Amcor plc (AMCR) Misses Q4 EPS by 17c, Revenue Beats, Offers Guidance

August 17, 2022 4:14 PM EDT

Get instant alerts when news breaks on your stocks. Claim your 1-week free trial to StreetInsider Premium here.
(Updated - August 17, 2022 4:15 PM EDT)

Amcor plc (NYSE: AMCR) reported Q4 EPS of $0.07, $0.17 worse than the analyst estimate of $0.24. Revenue for the quarter came in at $3.91 billion versus the consensus estimate of $3.78 billion.

Fiscal 2023 Guidance:

For the twelve-month period ending June 30, 2023, the Company expects:

Adjusted EPS of approximately 80 to 84 cents per share on a reported basis which includes:

◦ Growth of approximately 3-8% on a comparable constant currency basis comprising approximately 5-10% growth from the underlying business performance and a benefit of approximately 2% from share repurchases, partially offset by a negative impact of approximately 4% related to higher estimated net interest expense;

◦ A negative impact of approximately 2% related to the scale down and planned sale of the Company's three plants in Russia; and

◦ A negative impact of approximately 2% related to a stronger US dollar, assuming current foreign exchange rates prevail through the balance of fiscal 2023.

Adjusted Free Cash Flow of approximately $1.0 to $1.1 billion.
Approximately $400 million of cash to be allocated towards share repurchases.

Amcor's guidance contemplates a range of factors which create a degree of uncertainty and additional complexity when estimating future financial results. Further information can be found under 'Cautionary Statement Regarding Forward-Looking Statements' in this release.

For earnings history and earnings-related data on Amcor plc (AMCR) click here.



Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In





Related Categories

Earnings, Guidance

Related Entities

Earnings