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Sep 30, 2021
Amcor Q1 2022 Earnings Report
Amcor delivered a solid first quarter result in line with expectations and reaffirmed outlook for fiscal 2022.
Key Takeaways
Amcor reported a solid first quarter with adjusted EPS of 17.7 cents per share, up 12% on a comparable constant currency basis. The company reaffirmed its fiscal 2022 outlook, expecting adjusted EPS growth of 7-11% and adjusted Free Cash Flow of $1.1-$1.2 billion.
GAAP Net Income of $202 million, up 2%; GAAP earnings per share (EPS) of 13.1 cents per share, up 4%.
Adjusted EPS of 17.7 cents per share, up 12% on a comparable constant currency basis.
Adjusted EBIT of $381 million, up 7% on a comparable constant currency basis.
Increased returns to shareholders: $64 million of shares repurchased and quarterly dividend increased to 12.0 cents per share.
Revenue by Segment
Forward Guidance
For the twelve month period ending June 30, 2022, Amcor expects Adjusted EPS growth of approximately 7% to 11% on a comparable constant currency basis, or approximately 79.0 to 81.0 cents per share on a reported basis assuming current exchange rates prevail through fiscal 2022 and Adjusted Free Cash Flow of approximately $1.1 to $1.2 billion.
Positive Outlook
- Adjusted EPS growth of approximately 7% to 11% on a comparable constant currency basis.
- Adjusted EPS of approximately 79.0 to 81.0 cents per share on a reported basis assuming current exchange rates prevail through fiscal 2022.
- Adjusted Free Cash Flow of approximately $1.1 to $1.2 billion.
- Approximately $400 million of cash to be allocated towards share repurchases.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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