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Amcor plcAMCR

Industry
Miscellaneous Manufacturing Industries
Exchange
NYSE

Stock Price $AMCR

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Filing record · 2019–202610-K810-Q228-K86

AMCR filed 8 annual reports (10-K), 22 quarterly reports (10-Q) and 86 current reports (8-K) between 2019 and 2026.

  1. Material agreement8-K · Jun ’19Jun ’19
  2. Leadership change8-K · Jan ’21Jan ’21
  3. FY2022 annual report10-K · Aug ’22Aug ’22
  4. Material agreement8-K · Nov ’25Nov ’25
Share Class
Source: 10-KFY2025
Source: 10-KFY2025
Source: 10-KFY2025
Source: 10-KFY2025

Revenue Trend

Year-over-year comparison from 10-K annual reports

  1. $15.01B
YoY changeLargest recent move+31.8%in FY20Latest +10.0%

Latest bar from 10-KFY2025Click a bar to open its SEC filing

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Amcor plc Financial Overview 2022–2026

Updated Aug 15, 2026

Amcor's transformative merger with Berry Global propelled net sales to $23.5 billiona in FY2026, radically reshaping the company's scale in the global packaging sector. The core investment narrative now hinges on successfully integrating this massive acquisition, capturing targeted cost savings, and deleveraging a heavily expanded balance sheet to unlock long-term profitability.

Over a five-year span, revenue grew from $14.5 billion in FY2022 to $23.5 billionb in FY2026, driven entirely by the late-stage Berry consolidation rather than organic volume growth. The immediate weight of the transaction was visible in FY2025, when total debt spiked to $14.1 billion and net income dropped 30% to $511 million amid heavy integration and transaction costs. However, early synergy realization is materializing. Gross profit margins improved to 20.0% in FY2026, up from 18.9% in FY2025. Management is aggressively targeting $530 million in pre-tax synergies by the end of FY2028 to offset the ongoing margin drag from higher amortization and debt servicing expenses.

The market priced in these steep integration hurdles at the close of FY2025, when the stock traded at 28.7x earnings with a share price of $45.95c. By the end of FY2026, following a 1-for-5 reverse stock split to manage the bloated share count and a shift toward active portfolio divestitures, the stock closed at $43.35.

Recent Developments (Q3 and Q4 2026)

Amcor accelerated its post-merger restructuring by shedding non-core assets and overhauling its capital structure. Through Q3 2026, net sales surged 72% year-over-year to $17.1 billiond, driving net income up 30% to $717 million. However, diluted earnings per share fell 18% to $1.55 due to a 60% jump in outstanding shares. Management initiated a strategic review of businesses generating $2.5 billion in sales and successfully divested ePac for $79 million.

The company refinanced existing obligations by issuing $1.5 billione in senior unsecured notes in March 2026. Leadership transitioned when Ryan D. Yost became President of Global Flexible Packaging Solutions in June 2026, alongside a corporate shift to a December 31 fiscal year-end. Bulls favor the aggressive portfolio optimization and debt refinancing stabilizing the balance sheet. Bears caution that rampant share dilution suppresses per-share earnings recovery. The stock commands a high premium relative to earnings performance, trading at 28.8x as of August 14, 2026.

What to watch: execution of further divestitures from the strategic review; operational alignment under the newly appointed flexible packaging leadership.

Recent SEC Filings

  1. 8-KAmcor plc 8-K Report, Auditor Change (Aug 14, 2026)Amcor plc (AMCR) has filed an 8-K report on August 14, 2026, announcing a significant change in its independent registered public accounting firm. Effective August 14, 2026, PricewaterhouseCoopers LLP, United States (PwC US) has been appointed as the new auditor, succeeding PricewaterhouseCoopers AG, Switzerland (PwC Switzerland). This change is effective for the company's transition fiscal year ending December 31, 2026, and includes interim reviews for the period ending September 30, 2026. The decision to switch auditors was initiated by the Company's Audit Committee and Board of Directors, driven by Amcor's status as a US domestic reporting company and its growing operational presence within the United States. PwC Switzerland, which had served as the auditor since 2019, has resigned and will continue to support residual statutory filings for the fiscal year ended June 30, 2026. This transition is routine and indicates a strategic alignment with the company's evolving geographic footprint and reporting requirements.
  2. 8-KAmcor plc 8-K Report, Financial Results (Aug 12, 2026)Amcor plc reported fiscal Q4 and full-year FY2026 (year ended June 30, 2026) results that were dominated by the Berry Global acquisition, which closed April 30, 2025 and is now consolidated for a full year. Q4 net sales rose 26% to $6,398 million, with roughly 19% growth from acquired sales net of divestitures, and GAAP net income swung to $389 million from a $39 million loss. Adjusted EBIT grew 37% to $836 million and adjusted diluted EPS rose 23% to $1.23. For the full year, net sales reached $23,506 million (up 57%), adjusted EBIT rose 63% to $2,813 million, and adjusted EPS grew 13% to $4.02. Organic performance was weak: full-year volumes fell about 2% and price/mix was flat, with the Global Rigid segment's organic sales down about 4%. Most of the reported growth came from acquisitions, synergies (roughly $240 million in FY2026) and cost actions, not underlying demand. The outlook introduces a six-month 'Transition Period' from July 1 to December 31, 2026, as Amcor changes its fiscal year-end to December. The company guided to adjusted EPS of $1.80 to $1.90 for that period and expects leverage of 3.5x to 3.6x at December 31, 2026. Net debt was $12,897 million at June 30, 2026, down from $13,271 million a year earlier. Free cash flow was $1,303 million for the year after about $290 million of Berry integration and transaction costs. The Board declared a quarterly dividend of 65.0 cents per share (post 1-for-5 reverse split), up from 63.75 cents. Investors should note that the guidance excludes unannounced portfolio optimization actions, and that the reverse split and year-end change make year-over-year comparisons less direct. The filing is largely a results release furnished under Item 2.02 and is not deemed filed under the Exchange Act. Key items for investors are the quality of growth (acquisition-driven rather than organic), the sustainability of synergy capture, the transition-period guidance implying a lower run-rate than the full-year figure, and deleveraging progress against the 3.5x to 3.6x target.
  3. 8-KAmcor plc 8-K Report, Executive Changes (Jun 15, 2026)Amcor plc (NYSE: AMCR) filed an 8-K on June 15, 2026 disclosing a leadership transition in its Global Flexible Packaging Solutions division. Fred Stephan, Division President, will retire from his officer role effective June 30, 2026, and remain as a special advisor through December 31, 2026. Ryan D. Yost, previously President of Avery Dennison's Materials Group, was appointed as his successor effective June 15, 2026. The filing states Stephan's retirement was not due to any disagreement with the company. Stephan's separation terms include continued salary and benefits through the retirement date, a pro-rated MIP bonus, full vesting of unvested EMIP awards, and extended exercise and pro-rated vesting treatment for certain LTIP awards, all conditioned on a general release and continued restrictive covenant compliance. Yost's offer letter provides a $1,000,000 base salary, an MIP target of 100% of base (payout range 0% to 200%), annual LTIP grants targeted at 300% of base, and a special LTIP grant targeted at 195% of base. He also receives a $175,000 sign-on bonus payable in March 2027 and a $1,600,000 retention RSU grant vesting 50% after one year and 50% after two years. He will participate in the Executive Change in Control Severance Plan as a non-CEO participant. The filing also reports a separate press release announcing Kate Pearlman as Senior Vice President, Investor Relations & Treasury, succeeding Tracey Whitehead, who is remaining in Australia. Pearlman reports to CFO Stephen Scherger and comes from Lowe's. For investors, the filing signals a planned leadership refresh in the flexibles business and in investor relations, with the CEO publicly emphasizing organic growth acceleration. The filing does not disclose financial results or guidance changes, so the near-term financial impact is not quantified. Investors will likely watch whether Yost's organic growth strategy translates into measurable volume and margin improvement in the flexibles segment, and whether the IR transition causes any disruption in investor engagement.
  4. 8-KAmcor plc 8-K Report, Bylaw Amendment (May 6, 2026)Amcor plc (AMCR) has announced a significant change to its fiscal year end, transitioning from a June 30 year-end to a December 31 year-end, effective May 1, 2026. This change will result in an abbreviated transition period covering July 1, 2026, to December 31, 2026. The company's reporting will then align with full calendar fiscal years, with the first complete calendar fiscal year ending December 31, 2027. This adjustment will impact how investors view the company's financial performance over the next several reporting periods.
  5. 8-KAmcor plc 8-K Report, Financial Results (May 6, 2026)Amcor reported third-quarter fiscal 2026 results (three months ended March 31, 2026) that reflect the first full year of integration with Berry Global, which closed April 30, 2025. Net sales rose 77% reported to $5,914 million, with approximately $2.4 billion of acquired sales; underlying organic growth was roughly -1%, with volumes about 1.5% lower on a combined basis. Adjusted EBITDA reached $892 million (15.1% margin, up from 14.3%), adjusted EBIT was $687 million, and adjusted EPS was $0.96, up 6%. GAAP diluted EPS was $0.60 versus $0.68 a year earlier, reflecting higher amortization of acquired intangibles and restructuring/integration costs. Synergies of $77 million in the quarter were at the upper end of expectations, and six divestitures have been agreed under the portfolio optimization program. Cash generation was the soft spot. Free cash flow was negative $39 million in the quarter after roughly $78 million of transaction, restructuring and integration costs, and net debt rose to $14,266 million. Management revised fiscal 2026 free cash flow guidance down to $1.5-1.6 billion from $1.8-1.9 billion, citing higher inventory held to protect customer service amid the Middle East conflict, which the company says is also a headwind to the business environment. Adjusted EPS guidance was set at $3.98-$4.03 (about 12% growth at the midpoint), which the company describes as mitigating the Middle East impact and including $270 million of pre-tax Berry synergies for the year. The Board declared a quarterly dividend of 65.0 cents per share, up from 63.75 cents a year earlier on a post-reverse-split basis (1-for-5 reverse split effective January 14, 2026). Investors should weigh the strong earnings-line growth and synergy delivery against weak free cash flow, rising leverage, and a lowered cash outlook, with the share count now much higher following the Berry transaction's dilution effects on per-share comparisons.
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