Amcor plc (AMCR) Tops Q3 EPS by 35c
Amcor plc (NYSE: AMCR) reported Q3 EPS of $0.52, $0.35 better than the analyst estimate of $0.17.
- GAAP Net Income of $684 million, up 58%; GAAP earnings per share (EPS) of 43.8 cents per share, up 63%;
- Adjusted EPS of 51.5 cents per share, up 16% on a comparable constant currency basis;
- Adjusted EBIT of $1,144 million, up 9% on a comparable constant currency basis;
- $55 million Bemis cost synergies year to date; expect approximately $70 million in FY21 and well positioned to deliver at least $180 million by end of fiscal 2022;
- Quarterly dividend higher than this quarter last year at 11.75 cents per share;
- Approximately 2% of outstanding shares repurchased year to date; and
- Fiscal 2021 outlook for adjusted EPS growth raised to 14-15% in constant currency terms (previously 10-14%).
For earnings history and earnings-related data on Amcor plc (AMCR) click here.
