Amcor Stock Earnings Reports

Amcor reported its first full quarter as a combined company with Berry, showing solid integration progress and early synergy realization. Adjusted EPS was $0.193, +18% YoY (above the midpoint of guidance). The company delivered $38 million of synergies in Q1 and has line of sight to at least $260 million of synergies in fiscal 2026 and $650 million through fiscal 2028, including >$70 million of annualized revenue synergies already secured. Volumes were roughly in line with expectations (down ~2% ex noncore North America Beverage); emerging markets (notably Asia) outperformed developed markets. EBIT margins expanded (reported 12%, +110 bps YoY), with adjusted EBIT growth in both Flexible and Rigid segments on a comparable basis. Free cash outflow of $343 million in the quarter was in line with expectations; CapEx guidance remains $850–900 million for FY26. Leverage stood at 3.6x with a target of ~3.1–3.2x by year-end (assumes $100M in announced divestiture proceeds and excludes potential additional asset sales). Management reaffirmed FY26 guidance: adjusted EPS $0.80–$0.83 (12–17% growth) and free cash flow $1.8–$1.9 billion, and increased the quarterly dividend to $0.13 per share. Management emphasized disciplined cost management, portfolio optimization (actively marketing noncore assets), continued focus on safety, and strategic growth initiatives targeting higher-growth end markets (Nutrition, Health Care, Beauty & Wellness).