Amcor plc (NYSE:AMCR) reported Q4 EPS of $0.07, $0.17 worse than the analyst estimate of $0.24. Revenue for the quarter came in at $3.91 billion versus the consensus estimate of $3.78 billion.
Fiscal 2023 Guidance:
For the twelve-month period ending June 30, 2023, the Company expects:
Adjusted EPS of approximately 80 to 84 cents per share on a reported basis which includes:
◦ Growth of approximately 3-8% on a comparable constant currency basis comprising approximately 5-10% growth from the underlying business performance and a benefit of approximately 2% from share repurchases, partially offset by a negative impact of approximately 4% related to higher estimated net interest expense;
◦ A negative impact of approximately 2% related to the scale down and planned sale of the Company's three plants in Russia; and
◦ A negative impact of approximately 2% related to a stronger US dollar, assuming current foreign exchange rates prevail through the balance of fiscal 2023.
Adjusted Free Cash Flow of approximately $1.0 to $1.1 billion.
Approximately $400 million of cash to be allocated towards share repurchases.
Amcor's guidance contemplates a range of factors which create a degree of uncertainty and additional complexity when estimating future financial results. Further information can be found under 'Cautionary Statement Regarding Forward-Looking Statements' in this release.