$AMCR · Amcor plc
Amcor reported Q1 FY2027 (three months ended September 30, 2026) results: net sales of $6,129M, up 7% reported (6% constant currency); GAAP net income of $242M and diluted EPS of $0.52, down from $262M and $0.57 a year ago. Adjusted EBITDA was $883M, down 3%, and adjusted diluted EPS was $0.95 versus $0.97. Free cash flow was an outflow of $820M versus $343M a year earlier, driven by working capital impacts from resin price volatility tied to the Middle East conflict. The company lowered its six-month transition-period Adjusted EPS outlook to $1.70–$1.80 from $1.80–$1.90 and now expects year-end leverage of ~3.6x.
- Net sales rose 7% to $6,129M, with 1% organic volume growth led by 3% growth in focus categories.
- GAAP diluted EPS fell 9% to $0.52; adjusted diluted EPS fell 2% to $0.95.
- Free cash flow swung to an $820M outflow from $343M a year ago on resin price volatility.
- Transition-period Adjusted EPS guidance cut to $1.70–$1.80 from $1.80–$1.90.
- Quarterly dividend raised one cent to 66.0 cents per share, payable December 16, 2026.
Extended-hours trading shows AMCR at $44.23, down 8.80% versus the $48.50 regular close, as investors react to the guidance cut and weak free cash flow.
A guidance cut paired with a $820M free cash outflow signals margin and working-capital pressure despite solid top-line growth.
Amcor's raw-material pass-through and energy/distribution cost headwinds echo broader packaging-sector margin pressure, with the Berry acquisition synergies ($50M this quarter) partially offsetting inflation.
Higher energy and distribution costs accelerated late in the quarter, creating a transition-period headwind; resin price volatility from the Middle East conflict drove a sharp free cash flow deterioration. The outlook excludes potential portfolio optimization actions and flags geopolitical uncertainty.