Amcor plc delivered robust fiscal 2026 third quarter results, posting net sales of $5.914 billion, a 77% year-over-year increase fueled by the Berry acquisition. Adjusted earnings per share rose 6% to $0.96, aligning with expectations, while GAAP EPS reached $0.60.
Key Q3 Highlights
The company captured $77 million in acquisition synergies, hitting the upper end of targets. Adjusted EBITDA climbed 87% to $892 million with a margin expansion to 15.1%, and adjusted EBIT increased 79% to $687 million at an 11.6% margin.
- Net sales: $5,914 million (vs. $3,333 million prior year)
- GAAP net income: $278 million
- Adjusted net income: $446 million (up 71%)
Nine-Month Year-to-Date Performance
Through nine months, net sales surged 72% to $17.108 billion. Adjusted EBITDA grew 88% to $2.628 billion (15.4% margin), and adjusted EBIT rose 78% to $1.977 billion. Adjusted EPS advanced 11% to $2.79. Amcor also secured six divestiture agreements as part of its portfolio optimization.
Updated Fiscal 2026 Outlook
Executives reaffirmed adjusted EPS guidance at $3.98 to $4.03, implying about 12% growth at the midpoint despite Middle East tensions. Free cash flow projections now range from $1.5 billion to $1.6 billion.
Leadership Commentary
Peter Konieczny, CEO, stated, “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. 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.”
Konieczny highlighted the company’s global scale and partnerships amid market challenges. Amcor declared a quarterly dividend of 65.0 cents per share, payable June 17, 2026.
The earnings conference call featured CEO Peter Konieczny, CFO Stephen Scherger, and Global Head of Investor Relations Tracey Whitehead, with participation from analysts at Robert W. Baird, JPMorgan, Jefferies, Truist, Macquarie, Raymond James, BofA, UBS, Citi, Deutsche Bank, Wells Fargo, and MST Financial.
