Amcor plc (NYSE:AMCR) reported fourth-quarter adjusted earnings that came in below analyst expectations on Thursday, though the packaging giant offered a positive outlook for fiscal 2026 following its acquisition of Berry Global.
Shares dipped 0.5% in premarket trading after the earnings release.
For the quarter ending June 30, Amcor posted adjusted EPS of $0.20, missing the consensus forecast of $0.21. Revenue reached $5.08 billion, under the anticipated $5.18 billion, although it rose 43% year-over-year on a constant currency basis. The results reflected two months of contribution from Berry Global, whose all-stock acquisition was finalized on April 30.
Adjusted EBITDA for the quarter increased 43% to $789 million, while adjusted EBIT climbed 34% to $611 million in constant currency terms. On a combined basis, volumes fell roughly 1.7% from a year earlier, with North America’s beverage segment showing particular weakness.
“This quarter marks a significant milestone for Amcor. The acquisition of Berry Global transforms our ability to create significant value for our customers and shareholders,” said CEO Peter Konieczny. “This is clearly reflected in our expectation to deliver strong adjusted EPS growth of 12-17% and a significant increase in Free Cash Flow to $1.8 to $1.9 billion in fiscal 2026.”
Looking ahead, the company expects adjusted EPS of $0.80-$0.83 for fiscal 2026, well above the analyst consensus of $0.72, representing 12-17% constant-currency growth compared with fiscal 2025. Free cash flow is projected at $1.8-$1.9 billion.
Amcor also highlighted its $20 billion core portfolio of consumer packaging and dispensing solutions for nutrition and health, while exploring options for businesses generating roughly $2.5 billion in combined annual sales that fall outside this strategic focus.
The board approved a quarterly dividend of 12.75 cents per share, bringing total dividends for fiscal 2025 to 51 cents per share.