Amcor (AMCR) Revenue — Quarter Ended Mar 31, 2024
Revenue increased sequentially from the prior quarter but declined compared to the same quarter last year. The sequential improvement contrasts with the ongoing year-over-year contraction.
Key takeaway
Quarter ended Mar 31, 2024 · FY2024 Q3
Revenue increased sequentially from the prior quarter but declined compared to the same quarter last year. The sequential improvement contrasts with the ongoing year-over-year contraction.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$3.4B
Revenue reported for this quarter.
Quarter-over-quarter
+4.9%
Change from the immediately preceding quarter.
Year-over-year
-7.0%
Change from the comparable year-ago quarter.
Trailing four quarters
$13.8B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Jun 30, 2023 | $3.7B | -6.0% |
| Sep 30, 2023 | $3.4B | -7.2% |
| Dec 31, 2023 | $3.3B | -10.7% |
| Mar 31, 2024 | $3.4B | -7.0% |
Revenue performance
Revenue rose versus the immediately preceding quarter, reversing the prior quarter's decline. However, the figure remained below the level reported a year earlier.
Quarterly comparison
Compared with the prior quarter, revenue improved, while compared with the same quarter one year ago, revenue was lower. The trailing twelve-month revenue also reflected a decline over the period.
What to watch
The sequential revenue recovery may warrant monitoring given the persistent year-over-year decline and the overall downward trend over the past four quarters.