Industry News, Printers News

Amcor Reports 3Q 2020 Results

Adjusted free cash flow is $367 million, up $217 million, on sales of $6.855 billion.

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By: DAVID SAVASTANO

Editor, Ink World Magazine

Amcor reported its financial results for the third quarter ending March 31, 2020. The company had sales of $6.855 billion, GAAP net income of $433 million and earnings per share (EPS) of 26.9 cents per share during the quarter. Adjusted free cash flow was $367 million, up $217 million. Adjusted EBIT of $1,059 million was up 6.9% in constant currency terms. The Bemis integration is progressing well with year to date pre-tax synergy benefits of $55 million. “During this period of unprecedented c...

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