Reported Q: Q3 2024 Rev YoY: -7.0% EPS YoY: +8.3% Move: -0.27%
Amcor plc
AMC.AX
$58.06 -0.27%
Exchange ASX Sector Consumer Cyclical Industry Packaging Containers
Q3 2024
Published: May 1, 2024

Company Status Snapshot

Fast view of the latest quarter outcome for AMC.AX

Reported

Report Date

May 1, 2024

Quarter Q3 2024

Revenue

3.41B

YoY: -7.0%

EPS

0.13

YoY: +8.3%

Market Move

-0.27%

Previous quarter: N/A

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Earnings Highlights

  • Revenue of $3.41B down 7% year-over-year
  • EPS of $0.13 increased by 8.3% from previous year
  • Gross margin of 20.3%
  • Net income of 187.00M
  • "Transcript not available for QQ3 2024." - N/A
AMC.AX
Company AMC.AX

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Executive Summary

Amcor plc delivered QQ3 2024 revenue of USD 3.41 billion, down 7.0% year over year, with a QoQ rise of 4.9% to reflect improving volumes and mix dynamics. The gross margin stood at 20.3%, and EBITDA margin was 13.8%, with operating margin around 9.0%. Net income was USD 187 million (EPS USD 0.13), signaling modest profitability despite ongoing cost pressures and a leveraged balance sheet. Cash flow remained positive, enabling a free cash flow of USD 37 million, capital expenditure of USD 113 million, and dividends of USD 183 million, underscoring the company’s ability to fund shareholder returns while pursuing strategic investments. The balance sheet shows substantial leverage (total debt USD 7.19 billion; net debt USD 6.73 billion) and a liquidity profile that relies on operational cash flow to support ongoing distributions and capital allocation. Management commentary (where available) emphasizes pricing realization, cost discipline, and portfolio mix as levers for margin resilience, with sustained demand in packaging markets underpinning long‑term growth. The near-term outlook remains contingent on input cost volatility, currency movements, and demand in key regions, with potential upside from efficiency gains and higher value‑added packaging solutions.

Key Performance Indicators

Revenue
Decreasing
3.41B
QoQ: 4.89% | YoY: -7.01%
Gross Profit
Increasing
691.00M
20.26% margin
QoQ: 11.27% | YoY: 2.67%
Operating Income
Increasing
307.00M
QoQ: 26.86% | YoY: 8.87%
Net Income
Increasing
187.00M
QoQ: 39.55% | YoY: 5.65%
EPS
Increasing
0.13
QoQ: 40.69% | YoY: 8.33%

Revenue Trend

Margin Analysis

Historical Earnings Comparison

PeriodRevenue ($M)EPS ($)YoY GrowthReport
Q3 2025 3,333.00 0.14 -2.3% View
Q2 2025 3,241.00 -0.14 -0.3% View
Q1 2025 3,353.00 0.13 -2.6% View
Q4 2024 3,535.00 0.18 -3.8% View
Q3 2024 3,410.00 0.13 -7.0% View