Amcor plc Files 2024 10-K Report

Ticker: AMCCF · Form: 10-K · Filed: Aug 16, 2024 · CIK: 1748790

Amcor PLC 10-K Filing Summary
FieldDetail
CompanyAmcor PLC (AMCCF)
Form Type10-K
Filed DateAug 16, 2024
Risk Levellow
Pages15
Reading Time17 min
Key Dollar Amounts$0.01, $100 million
Sentimentneutral

Sentiment: neutral

Topics: 10-K, annual-report, financials

TL;DR

Amcor dropped its 2024 10-K. Check financials for the year ending 6/30/24.

AI Summary

Amcor plc filed its 2024 10-K report on August 16, 2024, detailing its financial performance for the fiscal year ending June 30, 2024. The company, incorporated in Y9 and headquartered in Bristol, UK, operates within the Miscellaneous Manufacturing Industries sector. The filing provides comprehensive financial statements and disclosures as required by the SEC.

Why It Matters

This filing provides investors and analysts with a detailed overview of Amcor's financial health, operational performance, and strategic positioning for the past fiscal year.

Risk Assessment

Risk Level: low — This is a standard annual financial filing with no immediate red flags.

Key Players & Entities

FAQ

What is Amcor plc's primary business and industry classification?

Amcor plc is classified under the MISCELLANEOUS MANUFACTURING INDUSTRIES [3990] sector, operating as '04 Manufacturing'.

When did Amcor plc change its former name?

Amcor plc was formerly known as ARCTIC JERSEY Ltd, and the date of the name change was August 1, 2018.

What is the SEC file number for Amcor plc?

The SEC file number for Amcor plc is 001-38932.

Where is Amcor plc's business address?

Amcor plc's business address is 83 Tower Road North, Warmley, Bristol, BS30 8XP.

What is the fiscal year end for Amcor plc?

Amcor plc's fiscal year ends on June 30.

Filing Stats: 4,354 words · 17 min read · ~15 pages · Grade level 16.2 · Accepted 2024-08-16 06:40:20

Key Financial Figures

Filing Documents

Business

Business 5 Item 1A.

Risk Factors

Risk Factors 12 Item 1B. Unresolved Staff Comments 24 Item 1C. Cybersecurity 24 Item 2.

Properties

Properties 24 Item 3.

Legal Proceedings

Legal Proceedings 25 Item 4. Mine Safety Disclosures 25 Part II Item 5. Market for Registrant's Common Equity, Related Shareholder Matters and Issuer Purchases of Equity Securities 26 Item 6. [ Reserved] 28 Item 7.

Management's Discussion and Analysis of Financial Condition and Results of Operations

Management's Discussion and Analysis of Financial Condition and Results of Operations 28 Item 7A.

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk 45 Item 8.

Financial Statements and Supplementary Data

Financial Statements and Supplementary Data 47 Report of Independent Registered Public Accounting Firm (PCAOB ID 1358 ) 47 Consolidated Statements of Income 49 Consolidated Statements of Comprehensive Income 50 Consolidated Balance Sheets 51 Consolidated Statements of Cash Flows 52 Consolidated Statements of Equity 53

Notes to Consolidated Financial Statements

Notes to Consolidated Financial Statements 54 Item 9. Changes in and Disagreements with Accountants on Accounting and Financial Disclosure 107 Item 9A.

Controls and Procedures

Controls and Procedures 107 Item 9B. Other Information 107 Item 9C. Disclosure Regarding Foreign Jurisdictions that Prevent Inspections 107 Part III Item 10. Directors, Executive Officers and Corporate Governance 108 Item 11.

Executive Compensation

Executive Compensation 109 Item 12.

Security Ownership of Certain Beneficial Owners and Management and Related Shareholder Matters

Security Ownership of Certain Beneficial Owners and Management and Related Shareholder Matters 109 Item 13. Certain Relationships and Related Transactions, and Director Independence 109 Item 14. Principal Accountant Fees and Services 109 Part IV Item 15. Exhibits and Financial Statement Schedules 110 Exhibit Index 110 Item 16. Form 10-K Summary 114

Forward-Looking Statements

Forward-Looking Statements Unless otherwise indicated, references to "Amcor," the "Company," "we," "our," and "us" in this Annual Report on Form 10-K refer to Amcor plc and its consolidated subsidiaries. This Annual Report on Form 10-K contains certain statements that are "forward-looking statements" within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements are generally identified with words like "believe," "expect," "target," "project," "may," "could," "would," "approximately," "possible," "will," "should," "intend," "plan," "anticipate," "commit," "estimate," "potential," "ambitions," "outlook," or "continue," the negative of these words, other terms of similar meaning, or the use of future dates. Such statements are based on the current expectations of the management of Amcor and are qualified by the inherent risks and uncertainties surrounding future expectations generally. Actual results could differ materially from those currently anticipated due to a number of risks and uncertainties. Neither of Amcor nor any of its respective directors, executive officers, or advisors, provide any representation, assurance, or guarantee that the occurrence of the events expressed or implied in any forward-looking statements will actually occur. Risks and uncertainties that could cause actual results to differ from expectations include, but are not limited to: Changes in consumer demand patterns and customer requirements in numerous industries; the loss of key customers, a reduction in their production requirements, or consolidation among key customers; significant competition in the industries and regions in which we operate; an inability to expand our current business effectively through either organic growth, including product innovation, investments, or acquisitions; challenging global economic conditions; impacts of operating internationally; price fluctuations or shortages in th

- Business

Item 1. - Business The Company Amcor plc (ARBN 630 385 278) is a public limited company incorporated under the Laws of the Bailiwick of Jersey. Our history dates back more than 150 years, with origins in both Australia and the United States of America. Today, we are a global leader in developing and producing responsible packaging solutions across a variety of materials for food, beverage, pharmaceutical, medical, home and personal-care, and other products. Our global product innovation and sustainability expertise enable us to solve packaging challenges around the world every day, producing a range of flexible packaging, rigid packaging, cartons, and closures, that are more functional, appealing, and cost effective for our customers and their consumers and importantly, more sustainable for the environment. Expertise across Packaging Materials We believe that we are uniquely positioned to offer a variety of packaging solutions with a wide, differentiated portfolio of products enabled by our constant innovation and close partnerships with our customers. Our packaging expertise covers all main packaging materials including paper, aluminum, polymer resins, recycled, and bio-based materials and the sustainable use of recyclable materials. Differentiated, Responsible Packaging Solutions Behind every one of our products stands a unique combination of technical know-how, business experience, and expertise. We work closely with our customers to identify feasible, high-performance, responsible packaging solutions based on their unique needs. Where solutions do not currently exist, we work to innovate new ones. Sustainability is comprehensively embedded across our business and is one of our most important and exciting opportunities for growth. For years, Amcor has been an industry leader in driving progress toward a circular economy for packaging. We aspire to improve the quality of lives, protect ecosystems, and preserve natural resources for future generations

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