Amcor PLC (NYSE:AMCR) stock fell 5.39% (As on August 16, 11:24:16 AM UTC-4, Source: Google Finance) after the company misses topline expectations for the fourth quarter of FY 24. Volumes returned to growth in the June quarter, up approximately 1% compared with the prior year which represents a sequential improvement of 5 percentage points. As expected, volumes remained soft in healthcare categories and in the North America beverage business through the June quarter, unfavorably impacting overall volumes by approximately 2%. Price/mix had an unfavorable impact of approximately 3% due to lower volumes in high value healthcare categories. On a comparable constant currency basis, net sales were 1% lower than last year. Adjusted EBIT of $454 million was approximately 4% higher than last year on a comparable constant currency basis. Unfavorable impacts from price/mix were more than offset by higher volumes, benefits from restructuring initiatives and continued outstanding cost performance which resulted in strong earnings leverage

AMCR in the fourth quarter of FY 24 has reported the adjusted earnings per share of 21 cents, which is inline with the analysts’ estimates for the adjusted earnings per share of 21 cents, as per the Zacks Consensus Estimate. The company had reported the adjusted revenue decline of 4 percent to $3.54 billion in the fourth quarter of FY 24, missing the analysts’ estimates for revenue by 3.48%. For the year ended June 30, 2024, adjusted free cash inflow was $952 million, at the top end of the Company’s guidance range and up $104 million, or 12% compared with the prior year.

Moreover, Flexibles segment net sales of $2,686 million were 3% lower than last year on a reported basis, including an unfavorable impact of approximately 1% related to movements in foreign exchange rates and an unfavorable impact of 1% related to the pass through of lower raw material costs of approximately $40 million. Volumes returned to growth in the June quarter, up approximately 3% compared with the prior year. Rigid Packaging segment net sales were of $849 million were 5% lower than last year on a reported basis, including an unfavorable impact of 4%related to the pass through of lower raw material costs of approximately $30 million.

Additionally, the company has declared a quarterly cash dividend of 12.5 cents per share (compared with 12.25cents per share in the same quarter last year)

For fiscal 2025, Amcor forecasts adjusted EPS of $0.72 to $0.76, compared to the $0.75 consensus. It also expects adjusted free cash flow of $900 million to $1 billion.