Amcor plc (AMCR) reported fiscal fourth-quarter net income of $257 million, translating to 18 cents per share. After adjusting for non-recurring costs, earnings were 21 cents per share, meeting Wall Street expectations. The packaging company’s revenue for the period was $3.54 billion.
For the full year, Amcor recorded a profit of $730 million, equivalent to 51 cents per share, with revenue totaling $13.64 billion. Looking ahead, the company anticipates full-year earnings between 72 cents and 76 cents per share.
Despite the challenges posed by the global landscape, Amcor has shown resilience with a 13% increase in its shares since the beginning of the year. The closing trading price on Thursday was at $10.85, representing a 14% growth over the last 12 months.
These results underline the company’s ability to navigate the market successfully and deliver consistent performance, reinforcing its position as a leader in the packaging industry.
