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.

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