Amcor plc Q1 2027 Earnings Recap

Amcor shares fell 5.5% after the company cut its transition-period adjusted EPS outlook to $1.70–$1.80 from $1.80–$1.90. Management attributed the reduction to the timing of passing through accelerating energy and distribution costs, which weighed on results despite positive volume growth.

Key Takeaways

• Adjusted EPS was $0.95, flat year over year on a constant-currency basis after adjusting for divestitures, and at the midpoint of the company’s outlook range.
• Organic volumes rose 1%; focus categories grew 3%, with positive volumes across all geographies. Protein volumes were flat.
• Revenue increased 7% to $6.1 billion, driven by volume growth and raw-material cost pass-through; adjusted EBITDA was flat and adjusted EBIT rose 3% excluding divestitures and currency.
• Amcor passed through $435 million of higher resin costs in the quarter, but accelerated energy and distribution costs created a transition-period headwind. Management said it does not expect this incremental inflation to negatively affect 2027 results.
• Quarterly synergies were $60 million, in line with expectations. New-business awards associated with growth synergies totaled $170 million in annual sales.