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Amcor Second Quarter 2024 Earnings: EPS: US$0.093 (vs US$0.31 in 2Q 2023)

Amcor (NYSE:AMCR) Second Quarter 2024 Results

Key Financial Results

  • Revenue: US$3.25b (down 11% from 2Q 2023).

  • Net income: US$134.0m (down 71% from 2Q 2023).

  • Profit margin: 4.1% (down from 13% in 2Q 2023). The decrease in margin was driven by lower revenue.

  • EPS: US$0.093 (down from US$0.31 in 2Q 2023).

earnings-and-revenue-growth
earnings-and-revenue-growth

All figures shown in the chart above are for the trailing 12 month (TTM) period

Amcor Earnings Insights

Looking ahead, revenue is forecast to grow 2.5% p.a. on average during the next 3 years, compared to a 3.1% growth forecast for the Packaging industry in the US.

Performance of the American Packaging industry.

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The company's share price is broadly unchanged from a week ago.

Risk Analysis

You should learn about the 3 warning signs we've spotted with Amcor (including 1 which is potentially serious).

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.