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Adjusted EPS: $0.193 per share, up 18% compared to last year.

Synergy Benefits: $38 million delivered in the quarter, with a target of $260 million for fiscal '26.

EBIT: $687 million, up approximately 4% on a comparable basis.

EBIT Margin: 12%, an increase of 110 basis points from last year.

Free Cash Flow: Guidance of $1.8 billion to $1.9 billion for fiscal '26.

Net Sales - Flexible Packaging: Increased 25% on a constant currency basis, with a 2.8% decline in volumes.

Net Sales - Rigid Packaging: Increased 205% on a constant currency basis, with a 1% volume decline excluding non-core North American beverage.

Dividend: Increased to $0.13 per share.

Leverage: 3.6 times, expected to reach 3.1 to 3.2 times by fiscal year-end.

Capital Expenditure: $238 million for the quarter, with full-year guidance of $850 million to $900 million.

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Release Date: November 05, 2025

For the complete transcript of the earnings call, please refer to the full earnings call transcript.

Amcor PLC (AMCCF) reported an 18% increase in adjusted EPS, reaching $0.193 per share, which was above the midpoint of their guidance range.

The company is on track to achieve at least $260 million in synergy benefits for fiscal 2026, with a total of $650 million expected through fiscal 2028.

Amcor PLC (AMCCF) has successfully integrated the Berry acquisition, delivering $38 million in synergies during the quarter.

The Board approved an increase in Amcor's quarterly dividend to $0.13 per share, reflecting confidence in future cash flow generation.

The company has entered into agreements to sell two non-core businesses for approximately $100 million, demonstrating disciplined portfolio management.

Volumes in the Global Flexible Package Solutions segment declined by 2.8%, with particular weakness in Europe.

The North American beverage business experienced high single-digit volume declines, although operational issues have been addressed.

The Global Rigid Packaging Solutions segment saw a 1% volume decline, excluding non-core North American beverage.

Free cash outflow for the first quarter was $343 million, although this was in line with expectations.

The company's total recordable incident rate increased slightly to 0.55, reflecting challenges typically associated with business acquisitions.

Q: What is driving the recent decline in the Flexibles business volumes, particularly in Europe? A: Peter Konieczny, CEO, explained that the decline in the Flexibles business, especially in Europe, is primarily due to weakness in the unconverted film category. This category has been affected by general market softness, as the film is sold into various end markets without further processing by Amcor.

Q: Can you provide an update on the North American beverage business and any potential divestments? A: Peter Konieczny, CEO, stated that operational issues in the North American beverage business have been resolved, leading to improved profitability despite a sequential volume decline. Amcor is exploring strategic alternatives for this non-core business, including joint ventures or partnerships, but specific timing remains uncertain.

Q: How did the focus categories perform compared to the overall business, and what trends are you seeing in these categories? A: Peter Konieczny, CEO, noted that focus categories generally performed better than the overall business. Healthcare was stable, beauty and wellness saw a slight decline, and pet care continued strong growth. Dairy showed low single-digit growth, while meat and food service experienced some softness.

Q: How did Amcor manage to achieve a 4% increase in comparable EBITDA despite a 2.8% volume decline? A: Michael Casamento, CFO, attributed the performance to disciplined cost management, including flexing the cost base and managing discretionary spending. Additionally, synergy delivery contributed significantly, with $38 million in synergies achieved during the quarter.

Q: Can you elaborate on the synergy benefits from the combination with Berry, particularly in Latin America and specialty containers? A: Peter Konieczny, CEO, highlighted that the integration with Berry is progressing well, with synergies exceeding expectations. In Latin America, Amcor is leveraging a combined product offering to efficiently address the market, resulting in new business wins, such as a beauty and wellness customer utilizing Amcor's rigid containers and Berry's closures.

For the complete transcript of the earnings call, please refer to the full earnings call transcript.