Amcor Reports Sharp Rise in Q4 and Full-Year Results

By Philip Seaworth • Wednesday, August 12 10:53 • Permanent Link

Amcor reported a sharp jump in fourth-quarter and full-year results for the period ended June 30, 2026, as the Berry acquisition and higher raw-material pass-through lifted sales and earnings.

For the June quarter, net sales rose to $6.4 billion from $5.1 billion a year earlier, an increase of $1.3 billion, or 26%. Net income swung to $389 million from a loss of $39 million. Diluted earnings per share increased to $0.83 from a loss of $0.10.

Adjusted EBITDA climbed 32% to $1.045 billion from $789 million, while adjusted diluted EPS rose 23% to $1.23 from $1.00.

For the full year, net sales increased to $23.5 billion from $15.0 billion, up $8.5 billion, or 57%. Net income more than doubled to $1.106 billion from $511 million. Diluted EPS rose to $2.38 from $1.60.

Adjusted EBITDA jumped 68% to $3.673 billion from $2.186 billion, and adjusted diluted EPS increased 13% to $4.02 from $3.56. Free cash flow rose 41% to $1.303 billion from $926 million.

In the quarter, Amcor said about $962 million of the sales increase came from acquired sales net of divestitures, while raw-material cost pass-through added about $280 million. Foreign exchange contributed about 2 percentage points, and volumes were about 0.5% higher than a year earlier. Price/mix was down about 1%.

Adjusted EBIT in the quarter rose to $836 million from $611 million, up 37%.

For the year, acquired sales contributed about $7.9 billion of the $8.5 billion increase in net sales. Raw-material pass-through added about $240 million, and foreign exchange added about 5 percentage points. Volumes and price/mix together reduced growth by about 2 percentage points.

Adjusted EBIT for the year climbed to $2.813 billion from $1.723 billion, up 63%.

By segment, global flexible packaging solutions posted quarterly net sales of $3.525 billion, up from $2.994 billion, and adjusted EBIT of $533 million, up from $435 million. Global rigid packaging solutions generated quarterly net sales of $2.873 billion, up from $2.088 billion, and adjusted EBIT of $352 million, up from $219 million.

For the full year, flexible packaging net sales rose to $12.829 billion from $10.066 billion, while adjusted EBIT increased to $1.789 billion from $1.398 billion. Rigid packaging net sales climbed to $10.677 billion from $4.943 billion, and adjusted EBIT rose to $1.176 billion from $435 million.

Amcor also declared a quarterly cash dividend of 65.0 cents per share, up from 63.75 cents per share on a post-split basis.

For the six-month transition period ending December 31, 2026, the company expects adjusted EPS of $1.80 to $1.90. Following these announcements, the company's shares moved -2.42%, and are now trading at a price of $46.255. For more information, read the company's full 8-K submission here.

The above analysis is intended for educational purposes only and was performed on the basis of publicly available data. It is not to be construed as a recommendation to buy or sell any security. Any buy, sell, or other recommendations mentioned in the article are direct quotations of consensus recommendations from the analysts covering the stock, and do not represent the opinions of Market Inference or its writers. Past performance, accounting data, and inferences about market position and corporate valuation are not reliable indicators of future price movements. Market Inference does not provide financial advice. Investors should conduct their own review and analysis of any company of interest before making an investment decision.