Earnings summaries and quarterly performance for Amcor.
Executive leadership at Amcor.
Peter Konieczny
Chief Executive Officer
Ian Wilson
Executive Vice President, Strategic Development
L. Frederick (Fred) Stephan
Chief Operating Officer, Global Flexibles
Stephen R. Scherger
Executive Vice President and Chief Financial Officer
Susana Suarez Gonzalez
Executive Vice President, Chief Human Resources Officer
Board of directors at Amcor.
Achal Agarwal
Director
Graeme Liebelt
Chairman of the Board
Graham Chipchase CBE
Director
James T. Glerum, Jr.
Director
Jill A. Rahman
Director
Jonathan F. Foster
Director
Lucrèce Foufopoulos-De Ridder
Director
Nicholas T. Long (Tom)
Director
Stephen E. Sterrett
Deputy Chairman
Susan Carter
Director
Research analysts who have asked questions during Amcor earnings calls.
George Staphos
Bank of America
8 questions for AMCR
John Purtell
Macquarie Group
8 questions for AMCR
Anthony Pettinari
Citigroup Inc.
7 questions for AMCR
Brook Campbell-Crawford
Barrenjoey
7 questions for AMCR
Nathan Reilly
UBS
7 questions for AMCR
Cameron McDonald
E&P Financial Group
6 questions for AMCR
Michael Roxland
Truist Securities
6 questions for AMCR
Ghansham Panjabi
Robert W. Baird & Co.
5 questions for AMCR
Jakob Cakarnis
Jarden
5 questions for AMCR
Keith Chau
MST Marquee
5 questions for AMCR
Ramoun Lazar
Jefferies
5 questions for AMCR
Matt Roberts
Raymond James Financial
4 questions for AMCR
Daniel Kang
CLSA
3 questions for AMCR
Gabe Hajde
Wells Fargo & Company
2 questions for AMCR
Jeffrey Zekauskas
JPMorgan Chase & Co.
2 questions for AMCR
Jeff Zajkowski
JPMorgan Chase & Co.
2 questions for AMCR
Matthew Roberts
Raymond James
2 questions for AMCR
Niraj-Samip Shah
Goldman Sachs
2 questions for AMCR
Aaron Viswanathan
RBC Capital Markets
1 question for AMCR
Arun Viswanathan
RBC Capital Markets
1 question for AMCR
James Wilson
Jarden Australia
1 question for AMCR
Matthew Krueger
Baird
1 question for AMCR
Sam Cielo
Citigroup
1 question for AMCR
Samuel Seow
Citigroup
1 question for AMCR
Recent press releases and 8-K filings for AMCR.
- 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.
- 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×
- 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.
- 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.
- 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.
- 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.
- 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.
- €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.
- 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.
- 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
Quarterly earnings call transcripts for Amcor.
Ask Fintool AI Agent
Get instant answers from SEC filings, earnings calls & more
