Overview

• Amcor Q1 net sales slightly beat analyst expectations, driven by Berry acquisition

• Adjusted EPS for Q1 missed analyst expectations

• Consumer packaging firm reaffirms fiscal 2026 outlook, expects strong earnings and free cash flow growth

Outlook

• Amcor reaffirms fiscal 2026 adjusted EPS of 80-83 cps, 12-17% constant currency growth

• Company expects fiscal 2026 free cash flow of $1.8-1.9 bln

• Amcor anticipates $260 mln in synergy benefits from Berry acquisition in fiscal 2026

Result Drivers

• BERRY ACQUISITION - Acquisition of Berry Global drove significant sales and EBIT growth, contributing $2.4 bln in sales and $295 mln in EBIT

• SYNERGY BENEFITS - Synergies from Berry acquisition contributed $38 mln, aiding EBIT growth

• COST MANAGEMENT - Disciplined cost performance and improved productivity supported EPS growth

Key Details

*Applies to a deviation of less than 1%; not applicable for per-share numbers.

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 10 "strong buy" or "buy", 3 "hold" and no "sell" or "strong sell"

• The average consensus recommendation for the non-paper containers & packaging peer group is "buy"

• Wall Street's median 12-month price target for Amcor PLC is $10.10, about 22.1% above its November 4 closing price of $7.87

• The stock recently traded at 9 times the next 12-month earnings vs. a P/E of 12 three months ago

Press Release: ID:nPn3y7hY0a

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)