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Amcor (AMCR)

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Research analysts who have asked questions during Amcor earnings calls.

GS

George Staphos

Bank of America

8 questions for AMCR

Also covers: AMBP, ATR, AVY +18 more
John Purtell

John Purtell

Macquarie Group

8 questions for AMCR

AP

Anthony Pettinari

Citigroup Inc.

7 questions for AMCR

Also covers: AMBP, AVY, BALL +26 more
BC

Brook Campbell-Crawford

Barrenjoey

7 questions for AMCR

Also covers: JHX
NR

Nathan Reilly

UBS

7 questions for AMCR

CM

Cameron McDonald

E&P Financial Group

6 questions for AMCR

MR

Michael Roxland

Truist Securities

6 questions for AMCR

Also covers: AMBP, AVY, BALL +16 more
Ghansham Panjabi

Ghansham Panjabi

Robert W. Baird & Co.

5 questions for AMCR

Also covers: ATR, AVNT, AVY +20 more
JC

Jakob Cakarnis

Jarden

5 questions for AMCR

Keith Chau

Keith Chau

MST Marquee

5 questions for AMCR

Also covers: JHX
Ramoun Lazar

Ramoun Lazar

Jefferies

5 questions for AMCR

Matt Roberts

Matt Roberts

Raymond James Financial

4 questions for AMCR

Also covers: AMBP, AVY, BALL +5 more
Daniel Kang

Daniel Kang

CLSA

3 questions for AMCR

Also covers: JHX
Gabe Hajde

Gabe Hajde

Wells Fargo & Company

2 questions for AMCR

Also covers: AMBP, ATR, BALL +12 more
JZ

Jeffrey Zekauskas

JPMorgan Chase & Co.

2 questions for AMCR

Also covers: ALB, APD, ASH +31 more
JZ

Jeff Zajkowski

JPMorgan Chase & Co.

2 questions for AMCR

Also covers: LIN
Matthew Roberts

Matthew Roberts

Raymond James

2 questions for AMCR

Also covers: ATR, AVY, GEF +4 more
NS

Niraj-Samip Shah

Goldman Sachs

2 questions for AMCR

Also covers: JHX
AV

Aaron Viswanathan

RBC Capital Markets

1 question for AMCR

Also covers: CTVA
AV

Arun Viswanathan

RBC Capital Markets

1 question for AMCR

Also covers: ALB, AMBP, APD +25 more
JW

James Wilson

Jarden Australia

1 question for AMCR

Matthew Krueger

Matthew Krueger

Baird

1 question for AMCR

Also covers: AXTA, AZZ, FUL +2 more
SC

Sam Cielo

Citigroup

1 question for AMCR

Samuel Seow

Samuel Seow

Citigroup

1 question for AMCR

Also covers: JHX

Recent press releases and 8-K filings for AMCR.

Amcor tops Q2 EPS, projects $1.8B–$1.9B FCF
AMCR
Earnings
Guidance Update
  • Adjusted Q2 EPS of $0.86 beats consensus of $0.83 and improves from $0.80 a year ago, while revenue of $5.45 billion narrowly misses expectations.
  • Management said the quarter met projections and credited earnings growth to the recent Berry acquisition.
  • The company reiterated its fiscal 2026 earnings outlook and expects free cash flow of $1.8 billion to $1.9 billion.
  • Operations are concentrated in flexible packaging (≈90% of earnings) with about half of sales in North America; market cap is ~$20.8 billion and shares are up ~4.9% YTD.
3 days ago
Amcor reports Q2 FY2026 results
AMCR
Earnings
Guidance Update
M&A
  • Q2 net sales of $5.45 billion, adjusted EPS of $0.86 (+7% YoY), and free cash flow of $289 million
  • Guidance reaffirmed for FY2026: adjusted EPS of $4.00–$4.15 and free cash flow of $1.8–$1.9 billion
  • Synergy realization: Q2 synergies of $55 million, H1 synergies of $93 million, on track for at least $260 million in FY26
  • Balance sheet: net debt of $14.08 billion as of December 31, 2025, with leverage at 3.6×, expected to end FY26 at 3.1–3.2×
3 days ago
Amcor reports Q2 fiscal 2026 results
AMCR
Earnings
Guidance Update
M&A
  • Amcor delivered 7% adjusted EPS growth in Q2 and 14% for 1H, driven by synergy benefits and cost offsets to lower volumes.
  • Synergies from the Berry acquisition reached $55 million in Q2 and $93 million YTD, reaffirming a $260 million target for FY 2026 and $650 million through FY 2028.
  • Q2 volumes fell 2.5%, with the core portfolio down 1.5%; focus segments (e.g., pet care, meat proteins) outperformed by 50–100 bps.
  • Free cash flow was $289 million in Q2, resulting in a 1H cash outflow of $53 million; FY 2026 capex remains $850–900 million, and leverage was 3.6x, on track to 3.1–3.2x year-end.
  • Management reaffirmed FY 2026 guidance of $4.00–4.15 EPS (12–17% growth) and $1.8–1.9 billion free cash flow, reflecting a 1-for-5 reverse split.
3 days ago
Amcor reports Q2 2026 results
AMCR
Earnings
M&A
Guidance Update
  • Amcor generated $5.4 billion in Q2 revenue, $826 million in EBITDA, $603 million in EBIT and $0.86 adjusted EPS (up 7% YoY); free cash flow was $289 million and the board declared a $0.65 quarterly dividend.
  • Synergies accelerated to $55 million in Q2 and $93 million in the first half, with targets of at least $260 million for fiscal 2026 and $650 million through fiscal 2028.
  • The $20 billion core portfolio outperformed the combined business with volumes down 1.5% (100 bps better than total), while $2.5 billion of non-core assets—including North American beverage—are under active optimization.
  • Fiscal 2026 guidance was reaffirmed at $4.00–$4.15 adjusted EPS per share (post 1-for-5 reverse split) and $1.8–$1.9 billion free cash flow; leverage exited Q2 at 3.6x, with year-end expected at 3.1–3.2x.
  • Flexible Packaging sales rose 23% on a constant-currency basis (volumes down ~2%, 12.6% adjusted EBIT margin), while Rigid Packaging saw flat volumes ex-non-core and a 12% margin, reflecting synergy benefits.
3 days ago
Amcor reports Q2 2026 results
AMCR
Earnings
Guidance Update
CFO Change
  • Delivered $5.4 bn revenue, $826 m EBITDA, $603 m EBIT, $0.86 adjusted EPS, and $289 m free cash flow in Q2 2026.
  • Achieved $55 m of synergies in Q2 and $93 m in H1, on track for at least $260 m this fiscal year and $650 m through FY 2028.
  • Core portfolio volumes declined 1.5%, outperforming the total company’s 2.5% volume drop, with focus categories faring best.
  • Reaffirmed FY 2026 guidance of $4.00–$4.15 EPS, $1.8–$1.9 bn free cash flow, and Q3 EPS of $0.90–$1.00.
  • Appointed Steve Scherger as CFO, strengthening leadership with his packaging industry expertise.
3 days ago
Amcor reports Q2 2026 results and reaffirms fiscal 2026 guidance
AMCR
Earnings
Guidance Update
Dividends
  • Net sales of $5,449 million, up 68% year-over-year, led by the Berry acquisition; GAAP net income $177 million and diluted EPS $0.38.
  • Adjusted EBITDA $826 million, up 83%, and adjusted EPS $0.86, up 7%.
  • Free cash flow of $289 million in the quarter, and quarterly dividend of $0.65 per share declared.
  • Reaffirmed fiscal 2026 guidance: adjusted EPS of $4.00–$4.15 (12–17% constant currency growth) and free cash flow of $1.8–$1.9 billion.
3 days ago
Amcor announces 1-for-5 reverse stock split effective January 2026
AMCR
  • Amcor will implement a 1-for-5 reverse stock split; it expects to file an amendment to its memorandum on January 14, 2026, with split-adjusted trading commencing on January 15, 2026.
  • The split will reduce outstanding ordinary shares from approximately 2.3 billion to 461 million and proportionately decrease authorized shares while increasing the par value to $0.05 per share.
  • No fractional shares will be issued; shareholders entitled to fractions will receive a cash payment in lieu, and unvested equity awards will be proportionately adjusted.
  • Post-split, Amcor ordinary shares will continue trading on the NYSE under AMCR (new CUSIP), and its CHESS Depositary Interests will trade on ASX under AMC on a 1-for-5 basis.
Dec 11, 2025, 9:16 PM
Amcor issues €1.5B in senior unsecured notes
AMCR
Debt Issuance
  • €750 million 3.200% senior notes due 2029 and €750 million 3.750% senior notes due 2033 issued by Amcor UK Finance plc, fully guaranteed by Amcor plc and affiliates.
  • Net proceeds of approximately €1,488 million to repay Berry Global’s $1.525 billion 1.570% senior secured notes due 2026, with remainder for commercial paper and general corporate purposes.
  • 2029 Notes pay interest annually on November 17 (first coupon November 17, 2026) and mature November 17, 2029; 2033 Notes pay annually on February 20 (short first coupon February 20, 2026) and mature February 20, 2033.
  • Notes are senior unsecured obligations with make-whole redemption at comparable government bond rate + 20 bps before par call dates (October 17, 2029 for 2029 Notes; November 20, 2032 for 2033 Notes) and callable at 100% thereafter.
Nov 17, 2025, 9:01 PM
Amcor reports Q1 FY2026 results
AMCR
Earnings
Guidance Update
Dividends
  • Amcor delivered Net Sales of $5,745 million (+68%), EBITDA of $909 million (+92%) and EPS of 19.3 cents (+18%) in Q1 FY2026.
  • Berry acquisition synergies: $38 million realized in Q1; on track for $260 million in FY2026 and $650 million total.
  • Free Cash Flow of $(343) million in Q1 (including $115 million integration costs); as of September 30 2025, Net Debt $13,999 million and Leverage 3.6×.
  • Reaffirmed FY2026 outlook: Adjusted EPS of $0.80–0.83 per share, Free Cash Flow of $1.8–1.9 billion; dividend increased to 13.0 cents per share.
Nov 5, 2025, 10:30 PM
Amcor reports Q1 2026 earnings results
AMCR
Earnings
Guidance Update
CFO Change
  • Adjusted EPS of $0.193 (up 18% cc) and EBIT of $687 million (+4% cc), with a 12% reported margin (+110 bps y/y)
  • Delivered $38 million in synergies in Q1, on track for $260 million in FY 2026 and $650 million through FY 2028
  • Flexible packaging net sales rose 25% cc (comparable volume down 2.8%), with adjusted EBIT of $426 million and margin of 13.1% (+20 bps)
  • Board approved a quarterly dividend increase to $0.13 per share and reaffirmed guidance for 12–17% EPS growth and doubling free cash flow in FY 2026
  • CFO Michael Casamento to step down, with Steve Sugar joining as CFO next week
Nov 5, 2025, 10:30 PM