Amcor plc

Amcor plc (AMCR) Market Cap

Amcor plc has a market capitalization of $17.63B.

Price: $38.13

▲ 0.49 (1.30%)

Market Cap: 17.63B

NYSE · time unavailable

CEO: Peter Konieczny

Sector: Consumer Cyclical

Industry: Packaging & Containers

IPO Date: 2012-05-15

Website: https://www.amcor.com

Amcor plc (AMCR) - Company Information

Market Cap: 17.63B|Sector: Consumer Cyclical

Company Profile

Amcor plc develops, produces, and sells packaging products in Europe, North America, Latin America, Africa, and the Asia Pacific regions. The company operates through two segments, Flexibles and Rigid Packaging. The Flexibles segment provides flexible and film packaging products in the food and beverage, medical and pharmaceutical, fresh produce, snack food, personal care, and other industries. The Rigid Packaging segment offers rigid containers for a range of beverage and food products, including carbonated soft drinks, water, juices, sports drinks, milk-based beverages, spirits and beer, sauces, dressings, spreads, and personal care items; and plastic caps for various applications. The company sells its products primarily through its direct sales force. Amcor plc was incorporated in 2018 and is headquartered in Zürich, Switzerland.

Analyst Sentiment

84%
Strong Buy

From 12 Active Polls

1Y Forecast: $47.75

▲ +25.2% Potential Upside

Consensus Target Metrics

Low Bound

$41

Median

$48

High Bound

$54

Average

$48

Price & Moving Averages

Loading chart...

🎯 Wall Street Analyst Intelligence Report

1-Year structural target targets, chart projections, and sentiment maps.

Average 1Y Target
$47.75
▲ +25.23% Upside
Low Target
$41.00
8% Risk
Median Target
$48.00
26% Mid
High Target
$54.00
42% Max
Consensus
Buy
9 / 13 Buys

Consensus Trend Projection

Trailing closures vs. 12-month metrics map.

Analyst Vote Distribution

Aggregate institutional coverage sentiment weights.

valuation & financial ratiosdetailed financials

📊 Historical Valuation Multiples

Real-time Trailing Twelve Month (TTM) momentum side-by-side with discrete quarterly metrics.

Fiscal QuarterTTMQ1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024
Period EndingTrailing 12MMar 5, 2026Dec 31, 2025Sep 30, 2025Jun 30, 2025Mar 31, 2025Dec 31, 2024Sep 30, 2024Jun 30, 2024
Market Cap ($M)17,62920,24619,31118,92914,60313,99713,56916,30413,814
Enterprise Value ($M)32,74835,36535,15433,90228,78421,19620,52323,65520,413
Price to Earnings Ratio (P/E)26.0618.2127.2818.06-93.6117.8520.8121.3413.44
Price/Earnings-to-Growth Ratio (PEG)—2.13—1.38-1.786.29——3.70
Price to Sales Ratio (P/S)0.793.423.543.292.874.204.194.863.91
Price to Book Ratio (P/B)1.521.741.661.621.253.633.594.163.56
Price to Free Cash Flow Ratio (P/FCF)14.49-429.0646.53-420.6316.3338.8841.12-39.3816.98
Enterprise Value to Sales (EV/Sales)—5.986.455.905.666.366.337.055.77
Enterprise Value to EBITDA (EV/EBITDA)10.5035.2241.6539.8468.5346.6947.6251.0937.12
Debt to Equity Ratio4.851.431.451.351.282.401.961.991.85

⚡ AMCR Growth Runway Model

Standard long term linear growth fade

Multi-Stage Discounted Cash Flow Sandbox

Market Price$38.13
Intrinsic Value$21.38
Market Alignment
Overvalued by 43.9%relative to calculated intrinsic value
9.00%
Exp: 4%4%
i

Growth runway slowdown

This value provides a time window for the growth rate to decline beyond Stage 1 toward the terminal rate. Longer windows are most useful for companies with high growth starting conditions or strong competitive advantages. This option stretches out the growth rate slowdown across 5, 10, or 15-year steps. A high-growth starting condition (exceeding a 25% initial growth rate) automatically applies a curve decay to simulate realistic, rapid market saturation.
i

Terminal growth rate

With long-term inflation between 3-5%, revenue must grow by that baseline to maintain flat real-world market share. This value sets the permanent terminal growth rate to factor into the valuation beyond the growth slowdown runway toward maturity.

3-Stage Financial Runway Horizon

🧠 Perpetuity Horizon Engine (Stage 3: Post-2035)

Terminal FCF Base$2.07B
Perpetuity TV Value$38.91B
Discounted TV (PV)$16.44B
TV Weighting %59.5%
⚠️
Financial Model Disclaimer & Risk Disclosure: This interactive scenario simulator is an educational sandbox provided strictly for informational and analytical research purposes. Core historical financial statements and consensus estimates are sourced directly via Financial Modeling Prep (FMP). All downstream outputs are entirely deterministic, hypothetical projections generated by combining automated mathematical formulas (including linear interpolation and Gaussian bell-curve decay models) with user-selected variables and third-party financial data inputs. Users assume all liability for trading decisions executed based on these sandbox calculations.

📘 Full Research Report

ℹ️

AI-Generated Research: This report is for informational purposes only.

📘 AMCOR PLC (AMCR) — Investment Overview

🧩 Business Model Overview

AMCOR manufactures and supplies packaging solutions across flexible, rigid, and specialty packaging categories used by food, beverage, healthcare, personal care, and industrial end markets. The business model is value-added contracting with customers: it converts raw materials (resins, paper, aluminum/films depending on product) into engineered packaging systems, supported by technical services such as material selection, barrier performance validation, artwork and compliance support, and regulatory/quality documentation.

Revenue is driven by order flow for customer SKUs and by program expansions where Amcor’s engineering capabilities and manufacturing footprint allow customers to redesign packaging for performance, cost, and regulatory compliance. Customer stickiness is reinforced by qualifications and audits required to approve packaging suppliers, plus the operational integration needed to sustain production schedules and quality standards.

💰 Revenue Streams & Monetisation Model

Amcor monetises packaging through a largely recurring production supply model tied to customer demand and contract structures. In practice, revenue is a combination of:

  • Program-based supply (contract and repeat orders): recurring volumes for standardized packaging formats and customer-specific engineered solutions.
  • Project and conversion-driven initiatives: new launches, line changes, and redesigns that typically follow customer product development cycles.

Margin drivers are dominated by operational execution and mix:

  • Cost position: yield improvement, conversion efficiency, procurement scale, and logistics optimization.
  • Product and end-market mix: higher-performance and healthcare-adjacent packaging generally carries better economics than commodity-like formats.
  • Pass-through mechanics: where contracts allow partial or formula-based recovery of resin, paper, or energy costs.

While packaging demand is cyclical with end-market volume, earnings quality is supported by structural pricing actions, productivity programs, and the ability to shift mix through technical differentiation.

🧠 Competitive Advantages & Market Positioning

The key moat is a combination of switching costs and cost advantages, reinforced by regulatory and qualification barriers in regulated end markets (notably healthcare).

  • Switching Costs (Hard-to-replace qualification): Packaging is validated for barrier properties, compatibility, seal integrity, sterility-related requirements (where applicable), and labeling compliance. Customers run qualification trials, audit manufacturing quality systems, and establish operational tolerances—creating friction for supplier changes.
  • Cost Advantages (Scale + operational excellence): Dense manufacturing networks and procurement leverage reduce per-unit conversion cost and enable better management of material volatility and freight.
  • Process knowledge and regulatory know-how: Compliance documentation, quality certifications, and technical support reduce customer risk and support longer-term customer relationships.

Competitive benchmarking:

  • Berry Global — comparable in rigid and flexible packaging; competes strongly on scale and regional manufacturing. Amcor’s positioning emphasizes technical packaging solutions across multiple formats and higher-performance segments.
  • Crown Holdings — strong in rigid packaging and beverage cans; competes on industrial scale and customer relationships. Amcor competes on flexible/specialty and engineered packaging systems where performance and regulatory requirements drive procurement decisions.
  • Sealed Air — protective and performance packaging for logistics and industrial applications; focus differs by end-use profile and application engineering. Amcor’s breadth across food and healthcare packaging provides diversification benefits and a different mix of technical requirements.

Across these peers, Amcor’s differentiation is best viewed as capability breadth plus qualification-driven stickiness, coupled with the operational scale required to compete in commodity-exposed areas while selectively investing for higher-value performance niches.

🚀 Multi-Year Growth Drivers

Growth over a 5–10 year horizon is supported by demand expansion in packaging penetration and by structural sustainability and performance requirements:

  • Healthcare packaging growth: Expansion in pharmaceutical and medical supply chains increases demand for compliant, high-performance packaging formats that maintain product integrity.
  • Sustainability and lightweighting: Regulations and brand/retailer requirements drive packaging redesign toward lighter-weight materials, improved recyclability, and reduced environmental footprint.
  • Recycling and circular-economy capabilities: Clients increasingly require packaging that aligns with recycling infrastructure and evolving standards, creating opportunity for suppliers that can execute on materials qualification and end-market recyclability.
  • Food safety and barrier performance: Higher barrier packaging supports longer shelf life and quality preservation, improving value per unit and reducing damage rates for food supply chains.
  • E-commerce and distribution protection: Growth in protected shipping and secondary packaging supports incremental demand for engineered solutions and formats that reduce logistics losses.

The TAM expands primarily through packaging conversion (more products packaged with engineered formats) and through share gains where supplier qualifications, technical services, and sustainability execution enable customers to standardize on a smaller number of qualified vendors.

⚠ Risk Factors to Monitor

  • Commodity and energy price volatility: Materials and energy inputs can pressure margins if contracts do not fully pass through cost changes; operational hedging via procurement scale is critical.
  • Customer concentration and pricing power: Large customers can pressure pricing through multi-sourcing or renegotiations, particularly in commodity-like formats.
  • Regulatory fragmentation: Divergent plastic and packaging regulations across jurisdictions can increase compliance complexity and capex requirements for recycling and material qualification.
  • Capital intensity for sustainability transitions: Investments in recycling-related capabilities and process upgrades can dilute returns if execution timelines slip or demand for new formats underperforms.
  • Execution risk from operational programs: Margin depends on continuous improvement in yields, conversion speed, and waste reduction—weak execution can translate into permanent cost disadvantages.

📊 Valuation & Market View

The market typically values packaging businesses through cash-flow-centric metrics, given the cyclicality of end markets and the importance of free cash flow conversion. Common valuation frameworks include:

  • EV/EBITDA relative to peers, with emphasis on margin trajectory and durability of earnings.
  • P/E and enterprise earnings multiples where investors focus on earnings stability, restructuring impacts, and effective tax/interest burden.
  • Free cash flow and reinvestment needs, especially for sustainability-related capex and working capital dynamics.

Key valuation drivers include: (1) structural margin improvement from productivity and mix, (2) resilience of pricing versus input costs, (3) cash conversion through disciplined working capital management, and (4) credibility of sustainable packaging transition programs without materially impairing returns.

🔍 Investment Takeaway

AMCOR’s long-term investment case rests on qualification-driven switching costs and scale-based cost advantages that support durable customer relationships across flexible, rigid, and specialty packaging. Over a multi-year horizon, growth is supported by healthcare and food safety demand, plus sustainability-led packaging redesign that rewards suppliers capable of executing compliant, recyclable, performance-focused solutions at scale. The primary uncertainties relate to material/energy volatility, regulatory complexity, and execution of sustainability capex while maintaining margin discipline.


⚠ AI-generated — informational only. Validate using filings before investing.

📰 Market News & Coverage

15 Stories Available

Real-time institutional reporting and market updates for AMCR.

seekingalpha.com•2026-06-06

5 Relatively Secure And Cheap Dividend Stocks, Yields Up To 8% (June 2026)

This article is part of our monthly series where we highlight five large-cap, relatively safe, dividend-paying companies offering significant discounts to their historical norms. We go over our filtering process to select just five conservative DGI stocks from more than 7,500 companies that are traded on U.S. exchanges, including OTC networks. In addition to the primary list that yields 4.2%, we present two other groups of five DGI stocks each, from moderate to high yields of up to 8%.

zacks.com•2026-06-05

Amcor (AMCR) Down 5.7% Since Last Earnings Report: Can It Rebound?

Amcor (AMCR) reported earnings 30 days ago. What's next for the stock?

globenewswire.com•2026-06-04

INVESTIGATION NOTICE: Girard Sharp Law Firm Encourages Former Berry Global Investors Who Received Amcor plc (AMCR) Shares in Connection with Amcor's Acquisition of Berry Global in April 2025 to Contact the Firm

SAN FRANCISCO, June 04, 2026 (GLOBE NEWSWIRE) -- Girard Sharp LLP, a national investment, securities, and consumer class action firm, is investigating potential securities claims on behalf of former Berry Global Group, Inc (“Berry”) investors who received shares of Amcor plc (“Amcor” or the “Company”) in connection with Amcor's acquisition of Berry on April 30, 2025 (“Merger”).

247wallst.com•2026-06-02

Income Safe-Haven Under $40: Why This Packaging Giant's 5.8% Yield Is Mispriced

With the S&P 500 grinding sideways and Treasury yields keeping income hunters on edge, dividend-paying stocks trading under $40 are getting a fresh look from retail investors who want defensive cash flow without paying a premium.

globenewswire.com•2026-05-27

INVESTIGATION NOTICE: Girard Sharp Law Firm Encourages Former Berry Global Investors Who Received Amcor plc (AMCR) Shares in Connection with Amcor's Acquisition of Berry Global in April 2025 to Contact the Firm

SAN FRANCISCO, May 27, 2026 (GLOBE NEWSWIRE) -- Girard Sharp LLP, a national investment, securities, and consumer class action firm, is investigating potential securities claims on behalf of former Berry Global Group, Inc (“Berry”) investors who received shares of Amcor plc (“Amcor” or the “Company”) in connection with Amcor's acquisition of Berry on April 30, 2025 (“Merger”).

prnewswire.com•2026-05-20

Amcor launches global call for startups for Amcor Lift-Off -- Rigids challenge

/PRNewswire/ -- Amcor (NYSE: AMCR, ASX: AMC), a global leader in developing and producing responsible packaging solutions, today announced a global call for

seekingalpha.com•2026-05-16

My Top 5 Dividend Stocks For May

I highlight five dividend stocks—HTO, ES, SNY, NLY, and AMCR—trading below fair value, each with strong balance sheets and good potential growth prospects. Each stock is projected to deliver double-digit average annual total returns (11.6%–20%) through 2030, with yields averaging nearly 7%. Scenario modeling incorporates expected EPS growth, dividend growth, and target P/E multiples, supporting robust total return forecasts even in recessionary or inflationary environments.

prnewswire.com•2026-05-11

Amcor achieves CNAS accreditation in China, speeding customer access to global markets

Internationally recognized testing capabilities deliver data validation recognized across 116 countries ZURICH, May 11, 2026 /PRNewswire/ -- Amcor (NYSE: AMCR, ASX:AMC), a global leader in developing and producing responsible packaging solutions, today announced that its Asia Pacific Innovation Center (APIC) laboratory has received accreditation from the China National Accreditation Service for Conformity Assessment (CNAS), strengthening its role within Amcor's innovation ecosystem. CNAS is China's national accreditation body responsible for assessing testing and calibration laboratories against international standards.

seekingalpha.com•2026-05-08

Amcor: Mispriced At Multi-Year Low Forward P/E With A Dividend That Pays To Wait

Amcor remains a Buy, offering a 6.5% dividend yield and trading at a significant discount to sector multiples. Despite recent underperformance versus the benchmark, I see developing tailwinds, stable bottom-line growth, and a defensive profile supporting long-term value. AMCR trades at 10x forward P/E with double-digit EPS growth expected, and management signals ongoing share buybacks and dividend stability.

seekingalpha.com•2026-05-06

Amcor: The Market Is Still Mispricing This High-Yield Dividend Aristocrat

Amcor is reaffirmed as a Strong Buy, supported by robust fundamentals, an attractive ~6.9% dividend yield, and an undervalued share price despite a recent jump. Q3 FY26 results exceeded expectations, with 6% Adj. EPS growth and a solid 15.1% Adj. EBITDA margin, while portfolio optimization and divestitures show $2.5 billion in potential proceeds. Revised guidance anticipates $1.5–$1.6 billion FCF and 12% Adj. EPS growth, factoring in $270 million in Berry synergies and mitigating Iran conflict impacts despite a hit in their inventory expectations.

zacks.com•2026-05-06

AMCR Q3 Earnings Meet Estimates, Sales Beat on Berry Acquisition

Amcor's Q3 sales surge 77% y/y on the Berry deal, beating estimates as margins improve, but softer demand and lower FY26 outlook temper the momentum.

seekingalpha.com•2026-05-06

Amcor plc (AMCR) Q3 2026 Earnings Call Transcript

Amcor plc (AMCR) Q3 2026 Earnings Call Transcript

zacks.com•2026-05-06

Here's What Key Metrics Tell Us About Amcor (AMCR) Q3 Earnings

While the top- and bottom-line numbers for Amcor (AMCR) give a sense of how the business performed in the quarter ended March 2026, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

zacks.com•2026-05-06

Amcor (AMCR) Q3 Earnings Match Estimates

Amcor (AMCR) came out with quarterly earnings of $0.96 per share, in line with the Zacks Consensus Estimate . This compares to earnings of $0.9 per share a year ago.

prnewswire.com•2026-05-06

Amcor Reports Solid Third Quarter Results and Updates Fiscal 2026 Guidance

ZURICH, May 6, 2026 /PRNewswire/ -- Highlights - Three Months Ended March 31, 2026 Net sales $5,914 million, up 77% driven by the Berry acquisition GAAP Net income $278 million including acquisition related costs and GAAP diluted EPS of $0.60 Acquisition synergies of $77 million, at upper end of expectations Adjusted EBITDA $892 million, up 87% and adjusted EBIT $687 million, up 79% Adjusted EBITDA margin of 15.1%, up from 14.3% and adjusted EBIT margin of 11.6%, up modestly GAAP EPS of $0.60 and Adjusted EPS of $0.96, up 6%  YTD Highlights - Nine Months Ended March 31 , 2026 Net sales $17,108 million, up 72% driven by the Berry acquisition GAAP Net income $717 million including acquisition related costs and GAAP diluted EPS of $1.55 Adjusted EBITDA $2,628 million, up 88% and adjusted EBIT $1,977 million, up 78% Adjusted EBITDA margin of 15.4%, up from 14.1% and adjusted EBIT margin of 11.6%, up from 11.2% Adjusted EPS of $2.79, up 11% Six divestiture agreements reached under previously announced portfolio optimization initiative Fiscal 2026 Guidance: Adjusted EPS $3.98 to $4.03, growth of ~12% at the midpoint; Mitigating impact of Middle East conflict Free Cash Flow revised to be $1.5-1.6 billion Amcor CEO Peter Konieczny said, "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.

Related Companies in Consumer Cyclical

INTERNATIONAL PAPER (IP)

Consumer Cyclical

$17.80B

Mkt Cap

FLUTTER ENTERTAINMENT PLC (FLUT)

Consumer Cyclical

$17.43B

Mkt Cap

SHARKNINJA INC (SN)

Consumer Cyclical

$16.96B

Mkt Cap

DICKS SPORTING INC (DKS)

Consumer Cyclical

$18.35B

Mkt Cap

HYATT HOTELS CORP CLASS A (H)

Consumer Cyclical

$18.37B

Mkt Cap

NVR INC (NVR)

Consumer Cyclical

$16.69B

Mkt Cap

📊 AI Financial Analysis

Powered by StockMarketInfo
Earnings Data: Q Ending 2026-03-05

"AMCR reported Q3’26 (ended 2026-03-05) revenue of $5.914B and net income of $278M (EPS $0.60). On a QoQ basis, revenue rose to $5.914B from $5.449B (+8.5% QoQ) and net income increased from $177M (+57.0% QoQ). On a YoY basis (vs 2025-03-31), revenue jumped from $3.333B to $5.914B (+77.5% YoY) and net income rose from $197M to $278M (+41.1% YoY). Profitability improved: gross margin expanded to 20.1% from 16.4% (Q2’26), and net margin rose to 4.7% from 3.2% QoQ; margins were also higher vs last year (net margin 5.9% YoY vs 4.7% this quarter, i.e., modest YoY contraction despite strong earnings growth). Cash flow quality strengthened versus the prior quarter: operating cash flow was $186M (down from $504M QoQ), while free cash flow remained $186M (capex shown as 0). Importantly for shareholder returns, AMCR returned capital via buybacks ($58.7M) and continued dividends ($296.9M), resulting in a total shareholder yield of ~1.5% dividend (dividend yield 1.47%) with share price momentum negative on the year (-9.3% 1y_change), limiting total return. Balance sheet resilience improved versus prior quarters as cash increased to $1.587B and leverage dropped sharply in the provided quarter (net debt -$934M; long-term debt shown as 0), with equity reported flat at $37.6B."

Revenue Growth

Strong

Revenue accelerated to $5.914B in Q3’26, up +8.5% QoQ from $5.449B and +77.5% YoY from $3.333B (strong growth trajectory).

Profitability

Positive

Net income rose to $278M (+57.0% QoQ, +41.1% YoY) and EPS improved to $0.60. Margins expanded QoQ (gross margin 20.1% vs 16.4%; net margin 4.7% vs 3.2%). YoY net margin is modestly lower (4.7% vs 5.9%).

Cash Flow Quality

Fair

Operating cash flow was $186M in Q3’26, below $504M in Q2’26. However, free cash flow equals $186M in the dataset (capex shown as 0). Dividends ($296.9M) continued alongside buybacks ($58.7M).

Leverage & Balance Sheet

Good

Balance sheet appears to strengthen in the latest quarter: cash rose to $1.587B and net debt flips to -$934M. Total equity is stable at $37.6B (vs $11.6B prior quarters per dataset), indicating improved resilience in the reported quarter.

Shareholder Returns

Neutral

Capital return remained active: buybacks ($58.7M) and dividends ($296.9M). Dividend yield is ~1.47%, but price momentum is negative over 1 year (-9.3% 1y_change), reducing total return.

Analyst Sentiment & Valuation

Fair

Analyst consensus target is ~$50 vs current price $41.94 (implied upside ~19%). Valuation multiples shown are elevated (P/E ~18.2), tempering the score despite improving fundamentals.

Disclaimer:This analysis is AI-generated for informational purposes only. Accuracy is not guaranteed and this does not constitute financial advice.

RevenueEarningsP/E RatioSharesDebtMargin %

Fundamentals Overview

Loading fundamentals overview...

AMCR’s Q3 2026 performance was solid on the earnings line but increasingly constrained by working-capital and weather/macro frictions. Adjusted EPS was $0.96 (+6% y/y), in line with expectations, supported by accelerating synergies ($77 million in Q3; $170 million through 9 months) and mix benefits in the ~12.3% core EBIT margin. Management’s portfolio actions advanced—six noncore divestiture agreements totaling ~$500 million—with proceeds earmarked for debt reduction and “not material” EPS impact. The key offset is cash: free cash flow guidance fell to $1.5–$1.6B from $1.8–$1.9B due to elevated, higher-cost inventory and a temporary delay in working-capital improvements (explicit inventory inflation effect tied to roughly a $300 million headwind). Winter storms added a $25 million negative EBIT impact. Outlook remains constructive on EPS (+12% fiscal 2026; Q4 +~20%), while leverage is expected to settle at 3.4–3.5x year-end with deleveraging still targeted toward 3x and below in the calendar 2027 transition.

AI IconGrowth Catalysts

  • Synergy delivery accelerating: $77 million in Q3 and $170 million in first 9 months; confidence to exceed initial year-1 $260 million target (now $270 million expected for fiscal 2026)
  • Noncore portfolio turnaround supporting earnings stability: sequential noncore margin expansion and improved noncore volume trend vs Q2
  • Core portfolio resilience and mix: core EBIT margin ~12.3% vs total company volume down ~1.5%, aided by advanced solutions concentration and year-1 synergies

Business Development

  • Divestiture pipeline progress: 6 noncore business sale agreements reached/closed (transaction value ~ $500 million) including ongoing exploration for alternatives in North American beverage business
  • Berry acquisition anniversary: legacy Amcor + Berry integration progress referenced as supporting synergy capture and divestiture execution

AI IconFinancial Highlights

  • Adjusted EPS: $0.96 per share in Q3, +6% year-over-year and stated “in line with expectations”; first 9 months adjusted EPS +11% to $2.79
  • Revenue: $5.9 billion in Q3; EBITDA $892 million; EBIT $687 million (all stated as higher vs prior year driven by Berry acquisition, cost management, productivity, and synergy)
  • Tax-related synergy lowered effective tax rate; partially offset by $25 million unfavorable winter-storm impact (Jan/Feb US)
  • Free cash flow: Q3 free cash outflow $39 million after funding $78 million of Berry transaction/restructuring/integration cash costs; decision to hold more inventory at higher costs shifted timing of working-capital improvements
  • Guidance: fiscal 2026 adjusted EPS $3.98–$4.03 (midpoint ~12% growth); Q4 adjusted EPS growth ~20% year-over-year (lap of Berry acquisition on May 1 referenced)
  • Guidance update: fiscal 2026 free cash flow $1.5–$1.6 billion vs original $1.8–$1.9 billion, explicitly due to higher-cost inventory and temporary working-capital timing impact
  • Leverage: adjusted leverage 3.8x at end of quarter; new expected year-end leverage ~3.4–3.5x (path to 2.5–3x leverage reiterated)

AI IconCapital Funding

  • Divestiture proceeds: ~$500 million transaction value from 6 noncore divestitures; all cash proceeds planned to reduce debt
  • No explicit buyback amount stated in transcript
  • Quarterly dividend declared: $0.65 per share (modestly up vs prior year); capital allocation framework reaffirmed
  • Capital spending: $687 million in Q3; fiscal 2026 capex guidance $850 million–$900 million
  • Adjusted leverage: 3.8x end of Q3; expected year-end 3.4–3.5x after temporary inventory/working-capital pressure

AI IconStrategy & Ops

  • Portfolio optimization: reached additional sale agreements; total 6 noncore divestitures now closed or reached agreement; transaction multiple ~6x referenced and EPS net impact “not expected to be material”
  • Working capital management shift: “choice to hold more inventory than previously assumed” primarily through Q4, impacting the timing of previously assumed fiscal 2026 working capital improvements
  • Synergy execution: $77 million in Q3; expects G&A and procurement synergies ramp to ~$160 million in year 1 and ~$325 million by fiscal 2028
  • Middle East mitigation operating playbook: hold more inventory, use pass-through clauses, justify additional cost with collaborative customer discussions, and reformulate/qualify alternative structures

AI IconMarket Outlook

  • Fiscal 2026 adjusted EPS guidance: $3.98–$4.03; midpoint implies ~12% growth; Q4 implies >20% year-over-year growth
  • Fiscal 2026 free cash flow guidance: $1.5–$1.6 billion (temporary headwind vs prior $1.8–$1.9 due to inventory/working-capital timing); reversal expected as supply conditions normalize
  • Cash flow implication framing: management would not assume an ongoing cash flow headwind beyond Q4; depends on supply chain normalization
  • Timing transition: move fiscal year-end from June 30 to December 31 effective 2027; 6-month reporting period July 1, 2026–December 31, 2026; guidance for transition period planned in August

AI IconRisks & Headwinds

  • Winter storm impacts: $25 million unfavorable impact in Jan/Feb from concentrated plants in Midwest/Northeast; also contributed to weaker sequential performance (Rigids US production-day losses)
  • Working-capital/inventory inflation: elevated inventory to protect supply continuity reduced free cash flow vs prior guidance
  • Consumer/macro pressure: consumer described as “stretched” due to value seeking and inflation absorption; management expects consumer down low single digits in 2H calendar 2026 (high-level base assumption)
  • Resin inflation volatility and pass-through timing: management emphasized uncertainty on back-half inflation levels and cautioned against annualizing Q4 inflation prints
  • Leverage near-term uptick risk: year-end leverage modestly higher than original guidance driven by lower-than-assumed volumes and inventory/inflation cash impacts (explicitly tied to ~$300 million inventory cash effect)

Q&A: Analyst Interest

  • Middle East + inflation pass-through durability: Management said collective Amcor/Berry has <5% sourced resin from the region and no regional operations, so direct Middle East exposure is limited. They emphasized structured pass-through clauses (70% contracted, 30% noncontracted) and customer collaboration to offset costs beyond Q4 as needed.
  • Free cash flow penalty path after Q4: Management acknowledged the ~$300 million inventory-related cash impact driving the $1.5–$1.6B FCF guide. They said it is the Q4 effect vs prior guidance; beyond Q4 it is “unpredictable” and depends on whether supply chains and value normalize.
  • Volume and promotional environment (March exit vs April, and consumer support): Management avoided month-to-month inference but stated Q4 volumes are expected to track Q3. April “looked better” than expected. They noted encouragement from customer results and continued commitment to supporting volumes; promotional questions tied to customer performance rather than standalone signals.

Sentiment: MIXED

Note: This summary was synthesized by AI from the AMCR Q3 2026 earnings transcript. Financial data is complex; please verify all metrics against official SEC filings before making investment decisions.

📋 Official Regulatory 10-K / 10-Q SEC Filings

Direct authenticated documentation links to audited SEC database reports for AMCR.

SEC EDGAR Live Feed
No recent 10-K available.
10-Q
Latest Quarterly Report
Filed: May 7, 2026
→
🔍 View Full Historical 10-K & 10-Q Archive on SEC EDGAR
Loading financial data and tables...
📁

SEC Filings (AMCR)

© 2026 Stock Market Info — Amcor plc (AMCR) Financial Profile