Amcor shares fall 6.1% after hours after cutting transition profit outlook

Amcor (AMCR) said on Nov. 4, 2026 that adjusted diluted earnings per share were 95 cents for the three months ended Sept. 30, and it lowered its adjusted EPS outlook for a six-month transition period.

Shares fell 6.1% in after-hours trading as of 5:27 p.m. ET, from a regular-session close of $48.50.

Amcor makes packaging for nutrition, health, beauty and wellness, with 75,000 people generating $23 billion in annual sales from about 400 locations in more than 40 countries.

Here's how the company did:

• Adjusted EPS: 95 cents vs. 97 cents a year earlier
• Net sales: $6.13 billion vs. $5.75 billion a year earlier
• GAAP net income attributable to Amcor: $242 million vs. $262 million a year earlier
• Adjusted EBITDA: $883 million vs. $909 million a year earlier

Net sales rose 7% from a year earlier. Volumes were up about 1%, and about 1.5% excluding non-core and divested businesses, the company said.

Amcor CEO Peter Konieczny said, "We delivered solid operating results this quarter, with broad-based organic volume growth of 1%, led by 3% volume growth in the focus categories."

The company said synergy realization from the Berry acquisition was in line with expectations, and that it is on track to achieve its three-year $650 million target.

Energy and distribution costs accelerated late in the quarter, the company said, creating a headwind in the transition period. Actions to address those inflationary pressures are underway, it said.

Transition-period outlook

Amcor will report a six-month period from July 1, 2026, through Dec. 31, 2026, as it moves from a June 30 year-end to a Dec. 31 year-end. The company calls this the Transition Period.

For the Transition Period, the company is lowering its adjusted EPS outlook to $1.70 to $1.80 from $1.80 to $1.90, due to the timing of pass-through of higher energy and distribution costs. The range was $1.80 to $1.90 in its Aug. 12 results release.

The company now expects leverage on Dec. 31, 2026, of approximately 3.6x, compared with its previous expectation of 3.5x to 3.6x. Leverage is net debt divided by LTM adjusted EBITDA plus share-based compensation.

The company said the outlook does not take into account potential portfolio optimization actions not announced to date.

Segment results

Global Flexible Packaging Solutions net sales rose 10% to $3.36 billion, and adjusted EBIT rose 1% to $414 million. The company said the segment's volumes were in line with the year-earlier quarter, and were up about 1% excluding the sale of unconverted films in North America.

Global Rigid Packaging Solutions net sales rose 3% to $2.77 billion, and adjusted EBIT fell 3% to $303 million on a constant currency basis. The company said volumes were about 4% higher excluding non-core business and divestitures.

Dividend and cash

The board declared a quarterly cash dividend of 66.0 cents per share, one cent more than the 65.0 cents paid in the same quarter last year. Prior-period per-share figures are adjusted for the 1-for-5 reverse stock split effected on Jan. 14, 2026.

The record date is Nov. 25, 2026, and the payment date is Dec. 16, 2026. The NYSE ex-dividend date is Nov. 25, and the ASX ex-dividend date is Nov. 24.

Free cash outflow was $820 million, after about $31 million of Berry-related restructuring and integration costs, the company said. It attributed the outflow to working capital impacts from resin price volatility tied to the Middle East conflict.

Net debt was $14.01 billion at Sept. 30, 2026.