Amcor (AMCR) reported Q1 fiscal 2026 adjusted EPS of $0.19, meeting estimates and representing a 19% year-over-year increase. Revenues surged 71.3% to $5.75 billion, primarily driven by the completed merger with Berry Global, though the top line missed consensus estimates and was impacted by a 3% volume decline. Adjusted operating income rose 88.2% to $687 million, reflecting improved margins and synergy benefits from the acquisition. The company provided fiscal 2026 guidance, projecting adjusted EPS between 80-83 cents and free cash flow of $1.8-1.9 billion.
Amcor (AMCR) reported Q1 fiscal 2026 adjusted EPS of $0.19, aligning with consensus estimates and representing a 19% year-over-year increase. Total revenues surged 71.3% to $5.75 billion, predominantly driven by the Berry Global merger, which contributed approximately 70% of the growth. Despite this, the top line missed the Zacks Consensus Estimate of $5.83 billion, with overall volume declining 3% year-over-year. Adjusted operating income significantly increased by 88.2% to $687 million, improving the adjusted operating margin to 12% from 10.9% in the prior-year quarter. This expansion in profitability reflects favorable cost performance and synergy benefits from the Berry Global acquisition across both Flexible and Rigid Packaging segments. However, net earnings including special items decreased to $0.11 from $0.13 year-over-year, indicating some non-recurring or special item impacts. The company's net debt rose to $13.99 billion from $13.27 billion, while cash used in operating activities improved to $133 million from $269 million year-over-year. Amcor provided fiscal 2026 guidance, projecting adjusted EPS between $0.80-$0.83 and free cash flow of $1.8-$1.9 billion. The stock's 16.5% decline over the past year, while negative, outperformed the industry's 35.7% fall.
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