NYSE$AMCR
Amcor PLC · Q1 2023 earnings
Q1 2023 earnings · · Investor relations
Briefing
Amcor delivered a strong first quarter, demonstrating stability in end markets and consistent execution in a volatile environment.
Amcor's first quarter fiscal 2023 results showed strong operating leverage with organic sales growth driving an increase in adjusted earnings per share. Both the Flexibles and Rigid Packaging segments contributed to adjusted EBIT growth. The company reaffirmed its adjusted EPS and free cash flow outlook for the fiscal year.
- Net sales increased by 9% to $3,712 million.
- GAAP Net income rose by 15% to $232 million.
- GAAP earnings per share (EPS) increased by 18% to 15.5 cents.
- Adjusted EPS increased by 10% to 18.1 cents on a comparable constant currency basis.
Headline financials
Revenue & EPS history
Amcor · Revenue · Quarterly
$3.71B
Revenue by segment
Amcor · $3.71B total across 2 segments · Q1 2023
- Flexible Packaging$2.78B+5.5%74.9%
- Rigid Packaging$933M+18.7%25.1%
Forward guidance
Amcor updated adjusted EPS on a reported basis to 77-81 cents per share to reflect further strengthening of US dollar. Reaffirmed adjusted Free Cash Flow of $1.0-$1.1 billion.
Tailwinds
- Adjusted EPS growth on a comparable constant currency basis of 3-8%
- Adjusted EPS on a reported basis of 77 to 81 cents per share
- Adjusted Free Cash Flow of approximately $1.0-$1.1 billion.
- Approximately $400 million of cash to be allocated towards share repurchases.
- Growth of approximately 5-10% growth from the underlying business performance and a benefit of approximately 2% from share repurchases.
Headwinds
- A negative impact of approximately 4% related to higher estimated interest expense, net of tax
- A negative impact of approximately 2% related to the scale down and planned sale of the Company's three plants in Russia
- A negative impact of approximately 5% related to a stronger US dollar.
- Guidance contemplates a range of factors which create a degree of uncertainty and complexity when estimating future financial results.
- Challenging current and future global economic conditions, including inflation and supply chain disruptions.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2023
+6.3%
Avg return
Earnings day
+0.3%
Avg return
5 days after
-1.9%
Avg return
30 days after
37%
21 / 57 earnings
Positive
+356.4%
Q3 2023
Best reaction
-10.9%
Q4 2024
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q3 2026 | -0.7% | -2.7% | -5.2% | |
| Q2 2026 | +8.1% | +7.8% | -3.7% | |
| Q1 2026 | +1.5% | +4.8% | +2.9% | |
| Q3 2025 | +0.0% | -0.2% | -1.0% | |
| Q2 2025 | +0.0% | +4.8% | +5.8% | |
| Q1 2025 | +0.0% | -7.2% | -3.8% | |
| Q4 2024 | -10.9% | +1.2% | +3.1% | |
| Q3 2024 | +0.0% | +10.6% | +9.2% | |
| Q2 2024 | +1.6% | -1.3% | +2.2% | |
| Q1 2024 | -1.7% | +2.8% | +7.0% | |
| Q4 2023 | +1.2% | -0.3% | -1.4% | |
| Q3 2023 | +356.4% | -5.8% | -12.1% | |
| Q2 2023 | -5.5% | -5.0% | -9.1% | |
| Q1 2023 | +0.1% | -3.6% | +6.9% | |
| Q4 2022 | -2.1% | -6.1% | -12.3% | |
| Q3 2022 | +2.3% | +9.5% | +15.0% | |
| Q2 2022 | +1.6% | -3.7% | -5.5% | |
| Q1 2022 | +1.2% | +1.7% | -3.9% | |
| Q4 2021 | -1.0% | +4.7% | -0.7% | |
| Q3 2021 | +0.0% | +5.6% | +1.3% | |
| Q2 2021 | -0.9% | +5.3% | +3.5% | |
| Q1 2021 | +3.8% | +6.9% | +4.1% | |
| Q4 2020 | -2.0% | -1.8% | +0.1% | |
| Q3 2020 | -1.6% | +1.4% | +9.5% | |
| Q2 2019 | -3.8% | -5.6% | -38.0% | |
| Q2 2020 | -3.8% | -5.6% | -38.0% | |
| Q1 2019 | +3.2% | -1.4% | +5.0% | |
| Q1 2020 | +3.2% | -1.4% | +5.0% | |
| Q2 2018 | +2.1% | +0.5% | -2.7% | |
| Q1 2018 | +2.1% | +0.5% | -2.7% | |
| Q3 2018 | +2.1% | +0.5% | -2.7% | |
| Q4 2017 | +2.1% | +0.5% | -2.7% | |
| Q4 2018 | +2.1% | +0.5% | -2.7% | |
| Q4 2019 | -1.4% | -6.6% | -3.2% | |
| Q3 2019 | +0.0% | +0.0% | -4.6% | |
| Q3 2017 | +0.0% | +0.0% | +0.4% | |
| Q2 2017 | +0.0% | +0.0% | +0.0% | |
| Q1 2017 | +0.0% | +0.0% | +0.0% | |
| Q4 2016 | -0.7% | -0.7% | +0.6% | |
| Q3 2016 | +0.0% | — | — | |
| Q2 2016 | +1.3% | — | — | |
| Q1 2016 | +0.0% | — | — | |
| Q4 2015 | +0.0% | — | — | |
| Q3 2015 | -1.8% | — | — | |
| Q2 2015 | +0.0% | — | — | |
| Q1 2015 | +0.0% | — | — | |
| Q4 2014 | +0.0% | — | — | |
| Q3 2014 | +0.0% | — | — | |
| Q2 2014 | +2.4% | — | — | |
| Q1 2014 | +1.5% | — | — | |
| Q4 2013 | +0.7% | — | — | |
| Q3 2013 | -2.0% | — | — | |
| Q2 2012 | +0.0% | — | — | |
| Q1 2012 | +0.0% | — | — | |
| Q4 2012 | +0.0% | — | — | |
| Q4 2011 | +0.0% | — | — | |
| Q4 2010 | +0.0% | — | — |
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