Amcor plc
For the period ended Mar 31, 2024. Filed May 1, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed May 1, 2024
AMCR$45.19+0.1%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Summary of Financial Results
| Three Months Ended March 31, · Nine Months Ended March 31, | ||||||||
|---|---|---|---|---|---|---|---|---|
| ($ in millions) · 2024 · 2023 · 2024 · 2023 | ||||||||
| Net sales | $3,411 | 100.0% | $3,667 | 100.0% | $10,105 | 100.0% | $11,021 | 100.0% |
| Cost of sales | (2,719) | (79.7%) | (2,994) | (81.6%) | (8,147) | (80.6%) | (9,018) | (81.8%) |
| Gross profit | 692 | 20.3% | 673 | 18.4% | 1,958 | 19.4% | 2,003 | 18.2% |
| Operating expenses: | ||||||||
| Selling, general, and administrative expenses | (330) | (9.7%) | (317) | (8.6%) | (931) | (9.2%) | (917) | (8.3%) |
| Research and development expenses | (25) | (0.7%) | (27) | (0.7%) | (80) | (0.8%) | (76) | (0.7%) |
| Restructuring and other related activities, net | (30) | (0.9%) | (50) | (1.4%) | (82) | (0.8%) | 162 | 1.5% |
| Other income/(expenses), net | — | —% | 3 | 0.1% | (46) | (0.5%) | 11 | 0.1% |
| Operating income | 307 | 9.0% | 282 | 7.7% | 819 | 8.1% | 1,183 | 10.7% |
| Interest income | 10 | 0.3% | 15 | 0.4% | 31 | 0.3% | 35 | 0.3% |
| Interest expense | (89) | (2.6%) | (86) | (2.3%) | (263) | (2.6%) | (224) | (2.0%) |
| Other non-operating income, net | 2 | 0.1% | 2 | 0.1% | 2 | —% | 5 | —% |
| Income before income taxes and equity in loss of affiliated companies | 230 | 6.7% | 213 | 5.8% | 589 | 5.8% | 999 | 9.1% |
| Income tax expense | (40) | (1.2%) | (34) | (0.9%) | (107) | (1.1%) | (125) | (1.1%) |
| Equity in loss of affiliated companies, net of tax | (1) | —% | — | —% | (3) | —% | — | —% |
| Net income | $189 | 5.5% | $179 | 4.9% | $479 | 4.7% | $874 | 7.9% |
| Net income attributable to non-controlling interests | (2) | (0.1%) | (2) | (0.1%) | (6) | (0.1%) | (6) | (0.1%) |
| Net income attributable to Amcor plc | $187 | 5.5% | $177 | 4.8% | $473 | 4.7% | $868 | 7.9% |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.