Amcor Reports Fall in Q4 Revenue, Shares Fall by Investing.com

NEW YORK – Amcor plc (NYSE: ) reported fourth-quarter earnings that beat analysts’ expectations, but revenue fell short of estimates.

Amcor shares fell 1.8 percent in after-hours trading on mixed results and guidance.

The packaging company reported adjusted earnings per share of $0.21 for the quarter ended June 30, topping the consensus estimate of $0.20. However, revenue was $3.54 billion, below analysts’ estimates of $3.63 billion.

Amcor said volumes returned to growth in the quarter, rising 1% from last year, which represents a sequential improvement of 5 percentage points. The company noted that volumes remained weak in the healthcare categories and beverage businesses in North America.

For fiscal 2025, Amcor forecasts adjusted EPS of $0.72 to $0.76, compared to the consensus of $0.75. It also expects adjusted free cash flow of $900 million to $1 billion.

“Amcor finished fiscal 2024 strong as the core business delivered further sequential improvement in volume and earnings growth, with fourth-quarter adjusted EPS up 9%, ahead of our April expectations” , said acting CEO Peter Konieczny.

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