Amcor shares fall 2% as Q1 results disappoint

NEW YORK - Amcor plc (NYSE:AMCR ) reported first quarter fiscal 2025 results that fell short of analyst expectations, sending shares down 2.25% in after-hours trading on Thursday.

The global packaging company posted adjusted earnings per share of $0.16, missing the consensus estimate of $0.17. Revenue came in at $3.35 billion, below analyst projections of $3.43 billion.

Despite the earnings miss, Amcor reaffirmed its full-year fiscal 2025 guidance, expecting adjusted EPS of $0.72 to $0.76. This outlook is in line with the current Wall Street consensus of $0.74 per share.

CEO Peter Konieczny commented on the results: "Amcor started fiscal 2025 well, with volume growth and customer demand dynamics continuing to improve. Adjusted EPS was up 5%, and our Flexibles and Rigid Packaging (NYSE:PKG ) businesses each contributed to this solid growth through sequential volume improvement and by maintaining an unwavering focus on managing costs and margin quality."

The company reported volume growth of approximately 2% YoY, representing a sequential improvement of 1 percentage point compared to the previous quarter. However, net sales declined 3% to $3.35 billion, impacted by unfavorable price/mix and foreign exchange rates.

Amcor's Flexibles segment saw adjusted EBIT rise 3% on a comparable constant currency basis to $329 million, while Rigid Packaging adjusted EBIT was flat at $62 million.

The company maintained its quarterly dividend at 12.75 cents per share, up from 12.5 cents in the same quarter last year.

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Source: Investing.com