Amcor Reports Solid Third Quarter Fiscal 2026 Results and Raises Confidence in Full-Year Outlook

Amcor today announced strong financial results for the third quarter and nine months ended March 31, 2026, reflecting successful integration of the Berry Global acquisition, disciplined cost management, and continued progress on synergy delivery.

Third quarter net sales increased 77% year over year to $5.9 billion, driven primarily by the Berry acquisition, while adjusted EBITDA rose 87% to $892 million. Adjusted earnings per share increased 6% to $0.96.

“Third quarter results were in line with expectations and reflect the resilience of our business as we mark the first anniversary of bringing legacy Amcor and Berry together as One Amcor,” said Peter Konieczny, Chief Executive Officer of Amcor. “We have executed a smooth integration, built a strong leadership structure, and made meaningful progress on synergy delivery and portfolio optimization.”

Third Quarter Fiscal 2026 Highlights

• Net sales of $5.9 billion, up 77%

• GAAP net income of $278 million

• GAAP diluted EPS of $0.60

• Adjusted EBITDA of $892 million, up 87%

• Adjusted EBIT of $687 million, up 79%

• Adjusted EPS of $0.96, up 6%

• Acquisition synergies of $77 million, at the upper end of expectations

Year-to-Date Fiscal 2026 Highlights

For the nine months ended March 31, 2026:

• Net sales increased 72% to $17.1 billion

• Adjusted EBITDA increased 88% to $2.6 billion

• Adjusted EBIT increased 78% to $2.0 billion

• Adjusted EPS increased 11% to $2.79

• Six divestiture agreements were reached under the company’s portfolio optimization initiative

Segment Performance

The Global Flexible Packaging Solutions segment reported quarterly net sales of $3.25 billion and adjusted EBIT of $452 million, supported by synergy realization and productivity initiatives.

The Global Rigid Packaging Solutions segment delivered net sales of $2.66 billion and adjusted EBIT of $276 million, with EBIT margins improving to 10.4% due to operational efficiencies and the enhanced quality of the combined business.

Fiscal 2026 Guidance

Amcor updated its fiscal 2026 guidance and now expects:

• Adjusted EPS of $3.98 to $4.03

• Free cash flow of $1.5 billion to $1.6 billion

• Approximately $270 million in pre-tax synergy benefits from the Berry acquisition

The company noted that guidance reflects ongoing geopolitical uncertainty related to the conflict in the Middle East and higher inventory levels maintained to ensure customer service continuity.

Dividend Announcement

Amcor’s Board of Directors declared a quarterly cash dividend of 65.0 cents per share, payable June 17, 2026, to shareholders of record on May 28, 2026.