Amcor Reports Q1 Results and Adjusts Transition Period EPS Outlook

Executive Summary

Amcor plc filed a Current Report on Form 8-K under Item 2.02 disclosing its financial results for the quarter ended September 30, 2026, and updating guidance for its six-month transition period ending December 31, 2026.

Key Financial Highlights

• Net Sales: $6,129 million, representing a 7% reported increase (6% on a constant currency basis) over the prior-year period ($5,745 million). Raw material cost pass-through contributed approximately $435 million (8%), while organic volumes were up ~1%.
• Profitability:
  • GAAP Net Income attributable to Amcor plc was $242 million ($0.52 diluted EPS), down 8% compared to $262 million ($0.57 diluted EPS) in the prior-year period.
  • Adjusted Net Income was $440 million ($0.95 adjusted diluted EPS), down 2% from $448 million ($0.97 adjusted diluted EPS).
  • Adjusted EBIT was $689 million, flat on a constant currency basis.
• Cash Flow & Balance Sheet:
  • Free Cash Outflow stood at $(820) million, influenced by working capital impacts from resin price volatility.
  • Net Debt was $14,011 million as of September 30, 2026.
• Capital Returns: Declared a quarterly dividend of $0.66 per share, up from $0.65 per share in the prior year (split-adjusted).

Guidance Update

For the six-month Transition Period (July 1, 2026 – December 31, 2026) related to its fiscal year-end change to December 31:

• Adjusted EPS: Revised downward to $1.70 – $1.80 (from $1.80 – $1.90), citing headwinds from the timing of pass-through of higher energy and distribution costs.
• Leverage: Expected to be approximately 3.6x as of December 31, 2026 (prior target: 3.5x – 3.6x).