Amcor Shares Rise After Company Appoints CFO, Backs Guidance

Dow Jones

Oct 10

By Nicholas G. Miller

Shares of Amcor were higher after the company named former Graphic Packaging executive Stephen Scherger as its new chief financial officer and reaffirmed its financial guidance.

The stock climbed 3.2% to $8.07 in premarket trading after closing Thursday down 17% this year.

Scherger will succeed Michael Casamento, who is returning home to Australia after 10 years as CFO of the consumer packaging company. He has been CFO of Graphic Packaging since 2015.

Amcor also reaffirmed its guidance, including its adjusted earnings forecast of 80 cents to 83 cents a share for the fiscal year and 18 cents to 20 cents a share for the first quarter. Analysts see adjusted earnings of 19 cents a share for the first quarter and 81 cents for the year.

Write to Nicholas G. Miller at nicholas.miller@wsj.com.

(END) Dow Jones Newswires

October 10, 2025 08:56 ET (12:56 GMT)

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Miller \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  Shares of Amcor were higher after the company named former <a href=\"https://laohu8.com/S/GPK\">Graphic Packaging</a> executive Stephen Scherger as its new chief financial officer and reaffirmed its financial guidance. \n</p>\n<p>\n  The stock climbed 3.2% to $8.07 in premarket trading after closing Thursday down 17% this year. \n</p>\n<p>\n  Scherger will succeed Michael Casamento, who is returning home to Australia after 10 years as CFO of the consumer packaging company. He has been CFO of Graphic Packaging since 2015. \n</p>\n<p>\n  Amcor also reaffirmed its guidance, including its adjusted earnings forecast of 80 cents to 83 cents a share for the fiscal year and 18 cents to 20 cents a share for the first quarter. Analysts see adjusted earnings of 19 cents a share for the first quarter and 81 cents for the year. \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  Write to Nicholas G. Miller at nicholas.miller@wsj.com. \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  October 10, 2025 08:56 ET (12:56 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU1670710588.SGD","symbol_name":"M&G (LUX) GLOBAL DIVIDEND \"A\" (SGD) ACC","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2574179940","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2574179940","pubTimestamp":1760100960,"columns":[{"name":"Executive Changes","id":29,"label_key":"executive"}],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"Shares of Amcor were higher after the company named former Graphic Packaging executive Stephen Scherger as its new chief financial officer and reaffirmed its financial guidance.The stock climbed 3.2% to $8.07 in premarket trading after closing Thursday down 17% this year.Scherger will succeed Michael Casamento, who is returning home to Australia after 10 years as CFO of the consumer packaging company. 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Miller \n\n\n \n\n\n  Shares of Amcor were higher after the company named former Graphic Packaging executive Stephen Scherger as its new chief financial officer and reaffirmed its financial guidance. \n\n\n  The stock climbed 3.2% to $8.07 in premarket trading after closing Thursday down 17% this year. \n\n\n  Scherger will succeed Michael Casamento, who is returning home to Australia after 10 years as CFO of the consumer packaging company. He has been CFO of Graphic Packaging since 2015. \n\n\n  Amcor also reaffirmed its guidance, including its adjusted earnings forecast of 80 cents to 83 cents a share for the fiscal year and 18 cents to 20 cents a share for the first quarter. Analysts see adjusted earnings of 19 cents a share for the first quarter and 81 cents for the year. \n\n\n \n\n\n  Write to Nicholas G. 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