Amcor plc

Amcor plc Earnings Recaps

AMCR Consumer Discretionary 3 recaps
Q3 2026 May 9, 2026

Amcor's Q3 results surpassed expectations, driving a 6.1% rally as synergy delivery accelerated and adjusted EPS rose 6%, supported by disciplined cost management and portfolio optimization progress.

Key takeaways
  • Adjusted EPS increased 6% year-over-year to $0.96, reflecting stable earnings in a challenging volume environment.
  • Synergy capture accelerated to $77 million for the quarter and $170 million year-to-date, with full-year synergy target raised to $270 million.
  • Revenue reached $5.9 billion, significantly boosted by the Berry acquisition and cost control measures.
  • Portfolio optimization advanced with 4 new sale agreements, bringing total divestitures to six valued at ~$500 million to reduce debt.
  • Free cash flow was temporarily impacted by increased inventory and $78 million in Berry transaction and integration costs, resulting in a $39 million free cash outflow.
Full recap
Q2 2026 Feb 4, 2026

Amcor's Q2 FY2026 results reflect robust integration following the Berry acquisition, with adjusted EPS up 7% year-over-year and strong progress toward synergy realization.

Key takeaways
  • Adjusted EPS of $0.86, maintaining momentum towards double-digit growth for the fiscal year.
  • Synergies accelerated to $55 million in Q2, totaling $93 million for the first half, reinforcing confidence in meeting $160 million synergy target for FY2026.
  • Free cash flow reached $289 million, with a quarterly dividend increase to $0.65 per share, underscoring commitment to shareholder returns.
  • Core portfolio performance outpaced overall business, with adjusted EBIT margins around 12%, reflecting effective cost management and productivity gains.
  • Ongoing evaluation of $2.5 billion in non-core assets aimed at positioning for sustainable long-term growth.
Full recap
Q4 2025 Aug 14, 2025

Amcor's Q4 and full-year results reflect a strategic transformation following the Berry Global acquisition, positioning the company for strong future growth with anticipated adjusted EPS growth of 12% to 17% for fiscal 2026.

Key takeaways
  • Q4 net sales and EBITDA saw significant increases due to the Berry acquisition, though legacy business volumes fell 1.7% below expectations.
  • Integration efforts are progressing well, with a targeted $650 million in total synergies expected by fiscal 2028, including $260 million in fiscal 2026.
  • New management structures have been established for the North American beverage business to address operational challenges and improve efficiency.
  • Positive customer feedback and early business wins indicate successful initial integration and the value creation potential from the merger.
  • A strategic portfolio review identifies non-core segments for potential divestiture, enhancing focus on Amcor's core consumer packaging and dispensing solutions.
Full recap