Amcor plc (AMCR) Posts First-Half EPS of $0.155

Amcor plc (NYSE: AMCR) reported first-half EPS of $0.155, which may not compare to the analyst estimate of $0.15. First-half Adjusted EPS was $0.292

Amcor\'s CEO Mr Ron Delia said: "Amcor delivered a good first half result and our outlook for fiscal 2020 adjusted EPS growth has improved to 7-10%. The integration of the Bemis business is on track and the combined flexible packaging business has achieved mid-single digit organic growth in addition to the delivery of synergy benefits. We are making very good progress capturing synergies with momentum building ahead of our initial expectations and we are excited by the opportunities for the combined business as we look ahead.\"

\"Amcor\'s financial profile remains strong and will be enhanced further as we realize the full financial benefits from the Bemis acquisition. With over $1 billion of annual free cash flow, we are well placed to generate strong returns for shareholders by simultaneously investing in our core business, paying a compelling dividend, buying back shares and growing through acquisitions.\"

\"Today, Amcor is the global leader in consumer packaging with differentiated commercial and innovation capabilities, unparalleled scale and a global footprint. These powerful competitive advantages uniquely position us to serve our customers and to develop packaging solutions that are more sustainable and better for the environment.\"

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

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