Amcor's sales rose 7% to $6.13 billion, and it reported $60 million in quarterly synergies plus $170 million in added annual sales. But adjusted EPS fell to $0.95 and its forecast was cut as energy and distribution costs rose, making cost pressure the stronger signal.
Higher energy and distribution costs are squeezing profit despite increased sales. Amcor also reported savings and added annual sales from synergies, but it lowered its forecast. The cost pressure is the stronger signal.
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