AMC 0.00% $16.32 amcor plc

Agreed. I'm pleased that I'm back in, this was a great result...

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  1. 12,221 Posts.
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    Agreed.
    I'm pleased that I'm back in, this was a great result which was not surprising. What is surprising is that it was sold down so much. Unfortunately I didn't get my lower buys, but then again I'd already chased it down to the bottom, a great case for averaging down.

    Great report

    Amcor reports first half results and raises outlook for fiscal 2021 Highlights - Six Months Ended December 31, 2020
    • GAAP Net Income of $417 million, up 65%; GAAP earnings per share (EPS) of 26.5 cents per share, up 71%;
    • Adjusted EPS of 33.3 cents per share, up 16% in constant currency terms;
    • Adjusted EBIT of $743 million, up 8% in constant currency terms;
    • $35 million Bemis cost synergies in H1; expect approximately $70 million (previously $50-$70 million) in FY21;
    • A further $200 million of share repurchases approved bringing the total announced in fiscal 2021 to $350 million;
    • Quarterly dividend higher than last year at 11.75 cents per share; and
    • Fiscal 2021 outlook for adjusted EPS growth raised to 10-14% in constant currency terms (previously 7-12%)
 
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