{"id":3577,"date":"2024-11-04T07:42:31","date_gmt":"2024-11-04T12:42:31","guid":{"rendered":"https:\/\/www.packagingindustrynews.com\/?p=3577"},"modified":"2024-11-04T07:42:31","modified_gmt":"2024-11-04T12:42:31","slug":"amcor-net-sales-drop-3-in-q1-fy25","status":"publish","type":"post","link":"https:\/\/www.packagingindustrynews.com\/?p=3577","title":{"rendered":"Amcor net sales drop 3% in Q1 FY25"},"content":{"rendered":"


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Amcor anticipates an adjusted EPS of approximately 72\u00a2 to 76\u00a2 in the 12 months ending 30 June 2025. Credit: 360b via Shutterstock. <\/figcaption><\/figure>\n<\/p><\/div>\n

Global packaging solutions provider Amcor<\/a> has reported a 3% decrease in net sales for the first quarter (Q1) of fiscal year 2025 (FY25), with figures dropping to $3.35bn from $3.44bn in the corresponding period of FY24.<\/p>\n

The company\u2019s net income as calculated on generally accepted accounting principles (GAAP) was $191m, increasing 25.6% from $152m in the prior year period.\u00a0\u00a0<\/p>\n

GAAP diluted earnings per share (EPS) also increased to 13.2\u00a2 in Q1 FY25, up from 10.5\u00a2 in Q1 FY24.\u00a0<\/p>\n

Amcor\u2019s adjusted net income for the first quarter rose to $234m, marking a 3% increase on a reported basis from $226m in the same period of 2024.\u00a0<\/p>\n

The company\u2019s adjusted earnings before interest and taxes for Q1 FY25 stood at $365m, which is a 2% increase from $358m in Q1 FY24.\u00a0\u00a0<\/p>\n

The adjusted EPS for the quarter was 16.2\u00a2, showing a 5% rise from 15.6\u00a2 in the previous year.\u00a0\u00a0<\/p>\n

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