Amcor plc (NYSE:AMCR) reported fiscal fourth-quarter earnings and revenue above Wall Street expectations on Wednesday, although the shares remained broadly flat as investors assessed the packaging group’s outlook during its transition to a new financial year-end.
Amcor shares edged 0.89% lower in premarket trading following the announcement.
For the quarter ended June 30, 2026, adjusted diluted earnings per share reached $1.23, beating the analyst consensus of $1.19 by $0.04. Revenue increased 26% year on year to $6.4 billion from $5.1 billion, exceeding expectations of $6.05 billion.
Berry acquisition drives revenue and EBITDA growth
The increase in revenue was primarily supported by the acquisition of Berry and the pass-through of higher raw material costs.
Adjusted EBITDA climbed 32% to $1.045 billion, compared with $789 million in the corresponding period last year.
CEO Peter Konieczny said, “We delivered strong operating performance in the fourth quarter despite a challenging macro environment. We drove broad-based volume growth, while effectively managing unprecedented input cost inflation.”
Volumes were approximately 0.5% higher than the estimated combined volumes generated by the legacy Amcor and Berry businesses in the prior-year quarter, excluding non-core and divested operations.
Berry synergies come in ahead of schedule
Amcor reported stronger-than-expected progress in capturing savings from its combination with Berry.
Synergies associated with the acquisition reached approximately $100 million during the fourth quarter and $240 million across the full fiscal year, putting integration benefits ahead of the company’s original plan.
Profitability also improved significantly. Net income reached $389 million, reversing a $39 million loss in the same period a year earlier.
GAAP diluted earnings per share increased to $0.83 from a loss of $0.10 per share in the prior-year quarter.
Amcor provides transition-period guidance
Amcor expects adjusted diluted earnings per share of between $1.80 and $1.90 for the six-month transition period ending December 31, 2026.
The midpoint of the range stands at $1.85 and represents the company’s initial guidance as it moves its fiscal year-end from June 30 to December 31.
Despite the stronger-than-expected fourth-quarter results, the muted share-price reaction indicated that investors remained focused on the implications of the transition-period outlook.
Amcor raises quarterly dividend
Amcor also announced an increase in its quarterly shareholder distribution.
The company declared a dividend of $0.65 per share, up from the previous $0.6375 per share.
The higher payout accompanied strong EBITDA growth, improving profitability and faster-than-planned synergy realisation from the Berry acquisition, while investors continued to evaluate the company’s expectations for the remainder of 2026.
Amcor stock price
