Amcor reports strong fiscal 2022 financial results. provides outlook for fiscal 2023

June 2022 quarter: net sales up 13% and up 6% on a comparable constant currency basis; gaap operating income of $252 million; adjusted ebit up 9% on a comparable constant currency basis fiscal 2022 full year highlights net sales of $14,544 million, up 13%; gaap net income of $805 million;  gaap earnings per share (eps) of 52.9 cps; adjusted eps of 80.5 cps, up 11% on a comparable constant currency basis, at the top end of guidance range; adjusted ebit of $1,701 million, up 7% on a comparable constant currency basis; adjusted free cash flow of $1,066 million in line with guidance; significant increase in cash returns to shareholders: annual dividend increased to 48.0 cents per share; $600 million of shares repurchased (approximately 3% of outstanding shares); and fiscal 2023 outlook: adjusted eps growth on a comparable constant currency basis of 3-8% including an adverse impact of approximately 4% from higher interest expense (adjusted eps of 80-84 cents per share on a reported basis).  adjusted free cash flow of $1.0-$1.1 billion and approximately $400 million of share repurchases.
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