10-QPeriod: Q3 FY2026

Amcor plc Quarterly Report for Q3 Ended Mar 31, 2026

Filed May 7, 2026For Securities:AMCRAMCCF

Summary

Amcor plc (AMCR) reported strong financial performance for the nine months ended March 31, 2026, primarily driven by the completion of the Berry Global Group, Inc. acquisition on April 30, 2025. Net sales saw a significant increase of 72% to $17.1 billion, largely attributable to the consolidation of Berry's operations. While net income attributable to Amcor plc increased by 30% to $717 million, diluted earnings per share (EPS) decreased by 18% to $1.55. This EPS decline is attributed to a 60% increase in the diluted weighted-average number of shares outstanding due to the acquisition, alongside the increase in net income. The company is actively managing integration costs and restructuring initiatives related to the Berry merger, with an estimated pre-tax net cash cost of $280 million. Amcor is also strategically reviewing its portfolio, identifying businesses with approximately $2.5 billion in sales for potential restructuring or divestiture, and has already completed the sale of ePac. Despite ongoing economic and geopolitical challenges, including inflationary pressures and supply chain disruptions, Amcor remains focused on price and cost actions to mitigate impacts. The company also announced a change in its fiscal year-end to December 31, effective from July 1, 2026.

Financial Highlights

52 data points
Beta

Revenue

$5.91B

20.1% Gross Margin

Net Income

$278.00M

4.7% Net Margin

EPS (Diluted)

$0.60

Total Assets

$37.58B

Cash & Equivalents

$1.59B

Free Cash Flow

$186.00M

Financial Statements
Beta
Revenue$5.91B
Cost of Revenue$4.72B
Gross Profit$1.19B
R&D Expenses$44.00M
SG&A Expenses$488.00M
Operating Income$461.00M
Net Income$278.00M
EPS (Basic)$0.60
EPS (Diluted)$0.60
Shares Outstanding (Basic)1.50M
Shares Outstanding (Diluted)463.80M

Key Highlights

  • 1Net sales for the nine months ended March 31, 2026, increased 72% year-over-year to $17.1 billion, significantly boosted by the acquisition of Berry Global Group, Inc.
  • 2Net income attributable to Amcor plc rose 30% to $717 million for the same period.
  • 3Diluted EPS decreased 18% to $1.55 for the nine months ended March 31, 2026, primarily due to a 60% increase in weighted-average shares outstanding following the Berry acquisition.
  • 4The company incurred $262 million in restructuring, transaction, and integration expenses, largely related to the Berry merger integration.
  • 5Amcor is conducting a strategic review of its portfolio, identifying approximately $2.5 billion in sales for potential restructuring or divestiture.
  • 6The company completed the sale of ePac for approximately $79 million and is progressing with the sale of other identified businesses.
  • 7Amcor announced a change in its fiscal year-end from June 30 to December 31, effective July 1, 2026.

Frequently Asked Questions

The primary driver of the significant increase in Amcor's net sales for the nine months ended March 31, 2026, was the completion of the acquisition of Berry Global Group, Inc. on April 30, 2025. This consolidation significantly expanded the company's revenue base.

Diluted EPS decreased despite an increase in net income primarily due to a substantial increase in the number of diluted weighted-average ordinary shares outstanding. This increase was a direct result of the shares issued to complete the acquisition of Berry Global Group, Inc.

Amcor is undertaking a strategic review of its portfolio to maximize value. This includes identifying businesses with approximately $2.5 billion in sales for potential restructuring or divestiture. The company has already completed the sale of ePac and is in the process of selling other identified businesses.

The Berry acquisition significantly boosted net sales and contributed to higher net income. However, it also led to increased restructuring, transaction, and integration expenses totaling $262 million for the nine months ended March 31, 2026. The company estimates total pre-tax net cash costs for the integration to be around $280 million. The acquisition also led to a substantial increase in the share count, impacting EPS.

Amcor is changing its fiscal year-end from June 30 to December 31, with the change effective July 1, 2026. This move aligns the company's reporting periods with the calendar year, which may simplify financial planning and reporting, and potentially align better with industry peers or market expectations. A transition report will be filed for the abbreviated fiscal period from July 1, 2026, to December 31, 2026.