Amcor has reported a 26 per cent increase in fourth quarter sales following its acquisition of Berry Global last year, with both its flexible and rigid packaging businesses reporting higher revenue.
Sales for the three months ended 30 June 2026 reached $6.398 billion, compared with $5.082bn a year earlier. Adjusted net income rose 40 per cent to $570 million, while adjusted earnings per share increased 23 per cent to $1.23.
Adjusted EBITDA increased 32 per cent to $1.045bn. Free cash flow was $1.396bn, up 48 per cent year on year.
Amcor said the Berry acquisition contributed about $962m of acquired sales in the quarter, net of divestitures. It estimated that comparable volumes were about 0.5 per cent higher than the combined volumes of the legacy Amcor and Berry businesses in the same quarter last year.
Pet food and protein
The Global Flexible Packaging Solutions segment reported sales of $3.525bn, up 18 per cent on a reported basis and 16 per cent on a constant currency basis.
Volumes in the segment were about 1 per cent higher, with growth in pet food and protein partly offset by lower healthcare volumes. Adjusted EBIT increased 23 per cent to $533m on a reported basis.
Ryan Yost took over as president of Global Flexible Packaging Solutions in June, succeeding Fred Stephan, who is retiring. Yost joined Amcor from Avery Dennison, where he was president of its Materials group.
The Global Rigid Packaging Solutions segment recorded sales of $2.873bn, up 38 per cent on a reported basis and 35 per cent on a constant currency basis.
Volumes were about 0.5 per cent higher after excluding non-core businesses, with stronger demand in foodservice and beauty and wellness partly offset by lower volumes in liquids. Adjusted EBIT rose 61 per cent to $352m.
Amcor said synergies from the Berry acquisition contributed about $100m to adjusted EBIT during the quarter. The company also cited cost and productivity initiatives as contributors to the increase.
Strong performance
Amcor chief executive Peter Konieczny said the company had delivered strong operating performance despite a challenging macroeconomic environment.
“Synergy realisation came in ahead of plan,” he said, while adding that the company was encouraged by the momentum across the business.
For the six-month transition period ending 31 December 2026, Amcor expects adjusted earnings per share of between $1.80 and $1.90.
The company is moving from a 30 June financial year end to 31 December, meaning the period from 1 July to 31 December 2026 will cover six months.
Amcor reported net debt of $12.897bn at 30 June 2026. It has approximately 400 locations in more than 40 countries and employs about 75,000 people.
