Amcor reports first half results
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%; • $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%).