The Amcor CDI (ASX: AMC) share price is in focus today after the global packaging leader unveiled first quarter FY26 results, including a 68% lift in net sales to US$5.75 billion and an 18% jump in adjusted earnings per share.
Image source: Getty Images
What did Amcor report?
- Net sales rose 68% on a constant currency basis to US$5,745 million
- Adjusted EBITDA surged 92% to US$909 million
- Adjusted EBIT increased 85% to US$687 million
- GAAP net income was US$262 million; diluted EPS was 11.3 US cents
- Adjusted EPS climbed 18% to 19.3 US cents per share
- Quarterly dividend increased to 13.0 US cents (19.78 Australian cents) per share
What else do investors need to know?
The three months to 30 September 2025 marked Amcor's first full quarter combined with Berry Global, completed in late April. This transformational acquisition cemented Amcor's position as the global leader in consumer packaging and dispensing solutions.
Integration is on track, with about US$38 million of synergies already realised—at the upper end of expectations for this stage. The company reported stable pipeline growth, with higher margins across both its Flexible and Rigid Packaging segments. The cash dividend was increased 2% as a sign of confidence in the group's future cash flows.
What did Amcor management say?
Amcor CEO Peter Konieczny said:
I am pleased with how the legacy Amcor and Berry teams have come together as one to integrate and execute against our priorities. We're seeing strong and consistent validation from our customers, who are very receptive to our expanded offerings and innovation capabilities. We are now seeing the quality of the combined business as the global leader in consumer packaging and dispensing solutions for nutrition, health, beauty and wellness. We are gaining traction with synergy realization, including commercial synergies, and have solid pipelines which continue to grow. Margins increased in both operating segments. And we are addressing identified non-core assets to enhance focus on our core business…We have clear line of sight to delivering at least $260 million of synergy benefits in fiscal 26, and we have confidence in our ability to deliver a year of strong earnings and free cash flow growth.
What's next for Amcor?
Amcor reaffirmed its FY26 guidance for adjusted EPS of 80–83 US cents, representing 12–17% growth, and free cash flow between US$1.8 billion and US$1.9 billion. The company aims to deliver at least $260 million in synergy benefits this year and expects total pre-tax synergies from the Berry deal to reach $650 million by FY28.
Management remains focused on integrating Berry efficiently, pursuing organic growth opportunities, and sharpening its core portfolio. Amcor says its pipelines for innovation-led commercial opportunities continue to expand and support its ambition to generate long-term value for shareholders.
Amcor share price snapshot
Amcor shares have declined 22% over the past 12 months, trailing the S&P/ASX 200 Index (ASX: XJO) which has risen around 7% over the same period.
