Key Takeaways
Amcor Plc (AMCR) reported a 77% increase in third-quarter net sales to $5.914 billion, driven by its recent acquisition of Berry Global, and raised its full-year earnings guidance.
"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," CEO Peter Konieczny said. "Over the past year, we have executed a smooth integration, built a strong leadership structure, and made meaningful progress on synergy delivery and portfolio optimization."
For the three months ended March 31, Amcor posted adjusted earnings per share of $0.96, a 6% increase from the prior year. Adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) jumped 87% to $892 million. The company delivered acquisition synergies of $77 million, at the upper end of its expectations.
The packaging giant updated its fiscal 2026 guidance, narrowing the range for adjusted EPS to between $3.98 and $4.03, which represents approximately 12% growth at the midpoint. The company also revised its free cash flow forecast to between $1.5 billion and $1.6 billion, citing the need to mitigate the impact of the Middle East conflict.
The strong results one year into the Berry acquisition highlight the deal's success in boosting Amcor's financial performance. The updated guidance, despite geopolitical headwinds, suggests management's confidence in sustained growth. Investors will be watching for continued synergy realization and the performance of the company's optimized portfolio in the coming quarters.
This article is for informational purposes only and does not constitute investment advice.
