Amcor Reports Higher Fourth-Quarter and Full-Year Results Following Berry Acquisition

Amcor reported higher sales, earnings and cash flow for the fourth quarter and full fiscal year ended June 30, 2026, with results largely reflecting the acquisition of Berry Global, raw-material cost pass-through and synergy benefits.

Fourth-quarter net sales rose 26% to $6.4 billion, while net income increased to $389 million from a loss of $39 million a year earlier. Adjusted EBITDA was $1.045 billion, up 32%, and adjusted diluted earnings per share increased 23% to $1.23 from $1.00.

For fiscal 2026, Amcor reported net sales of $23.5 billion, up 57% from $15.0 billion in the prior year. Net income increased to $1.106 billion from $511 million, while adjusted EBITDA rose 68% to $3.673 billion. Adjusted diluted EPS increased 13% to $4.02 from $3.56.

The company said approximately $7.9 billion of acquired sales, net of divestitures, contributed to the full-year sales increase. Adjusted EBIT rose 63% to $2.813 billion, with approximately $240 million of the year-over-year increase attributed to synergy benefits from the Berry acquisition.

Amcor's Global Flexible Packaging Solutions segment generated fourth-quarter net sales of $3.525 billion, up 16% on a constant-currency basis, while adjusted EBIT increased 20% to $533 million. Global Rigid Packaging Solutions reported fourth-quarter net sales of $2.873 billion, up 35% on a constant-currency basis, with adjusted EBIT rising 57% to $352 million.

Free cash flow for fiscal 2026 was $1.303 billion after approximately $290 million of net transaction, restructuring and integration costs. Net debt stood at $12.897 billion at June 30.

For the six-month transition period ending December 31, 2026, Amcor expects adjusted EPS of approximately $1.80 to $1.90 and leverage of 3.5x to 3.6x.

The company's board also declared a quarterly cash dividend of 65.0 cents per share. The payment date is September 24, 2026.