Amcor Reports Fiscal 2024 Results and Provides Outlook for Fiscal 2025
Fiscal 2024 Highlights
- Revenue increased by 13% to $13.6 billion.
- Net income increased by 16% to $1.2 billion.
- Adjusted EPS increased by 14% to 73 cents per share.
- Free cash flow increased by 18% to $1.4 billion.
Fiscal 2025 Outlook
- Revenue is expected to grow by 4-6%.
- Net income is expected to grow by 5-7%.
- Adjusted EPS is expected to grow by 6-8%.
- Free cash flow is expected to increase by 5-7%.
Amcor's strong fiscal 2024 results were driven by a number of factors, including:
- Increased demand for its packaging products.
- Higher prices for its products.
- Cost savings from its ongoing restructuring program.
The company expects continued growth in fiscal 2025, driven by:
- Continued demand for its packaging products.
- Further price increases.
- Additional cost savings from its restructuring program.
Amcor is a leading global supplier of packaging solutions. The company has a strong track record of growth and profitability. Amcor's fiscal 2024 results and fiscal 2025 outlook are indicative of the company's continued success.
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