NYSE$AMCR

Amcor PLC · Q3 2022 earnings

Q3 2022 earnings · · Investor relations

Briefing

Amcor reported strong financial results and raised fiscal 2022 EPS guidance.

Amcor reported a strong financial result for the March quarter, with net sales up 16% and adjusted EPS up 15% on a comparable constant currency basis. The company has raised its fiscal 2022 adjusted EPS growth guidance to 9.5-11%.

  • March quarter net sales up 16%; Up 5% on a comparable constant currency basis
  • March quarter GAAP EPS up 3%; Adjusted EPS up 15% on a comparable constant currency basis
  • Fiscal 2022 outlook for adjusted EPS growth raised to 9.5-11% on a comparable constant currency basis (previously 7-11%).
  • Adjusted Free Cash Flow of approximately $1.1 billion.

Headline financials

Total Revenue

$3.71B

Previous: $3.21B+15.6%
EPS (adj)

$0.20

Previous: $0.18+9.9%
Adjusted EBIT

$427M

No prior period
Free Cash Flow

$263M

No prior period
Net Income

$269M

Previous: $267M+0.7%
Operating Income

$369M

Previous: $373M-1.1%
Gross Profit

$731M

Previous: $682M+7.2%
Cash & Equivalents

$1.08B

Previous: $690M+56.1%
Total Assets

$18B

Previous: $16.6B+8.4%
Stock-Based Comp

$16M

Previous: $16M+0.0%

Revenue & EPS history

Amcor · Revenue · Quarterly

$3.71B

Q3 2022+15.6%vs Q3 2021
Beat estimate in 5 of 6 quarters(83%)
ActualEstimate

Revenue by segment

Amcor · $3.71B total across 2 segments · Q3 2022

  • Flexible Packaging
    $2.84B
  • Rigid Packaging
    $871M+23.2%

Forward guidance

Amcor expects adjusted EPS growth of approximately 9.5% to 11% on a comparable constant currency basis, or approximately 79.5 to 81.0 cents per share on a reported basis assuming current exchange rates prevail through fiscal 2022. Adjusted Free Cash Flow of approximately $1.1 billion. Approximately $600 million of cash to be allocated towards share repurchases in fiscal 2022.

Tailwinds

  • Adjusted EPS growth of approximately 9.5% to 11% on a comparable constant currency basis
  • Adjusted EPS of approximately 79.5 to 81.0 cents per share on a reported basis assuming current exchange rates prevail through fiscal 2022.
  • Adjusted Free Cash Flow of approximately $1.1 billion.
  • Approximately $600 million of cash to be allocated towards share repurchases in fiscal 2022.

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 Q3 2022

Historical avgQ3 2022

+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

Earnings price reactions
QuarterReport dateReaction (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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