Amcor's FY26 Net Income Soars 116% to $1.1B on Berry Merger
AMCR sits 29% above its 52-week low of $36.25.
Summary
Amcor's FY26 annual report reveals a 116% increase in net income to $1.1 billion on 57% higher sales, reflecting the Berry merger. The company also changed its fiscal year end and completed a reverse stock split.
Key Events · Earnings and Guidance · AMCR
-
FY26 Net Income More Than Doubles
Net income attributable to Amcor plc rose 116% to $1.106 billion, driven by the Berry merger and synergy benefits.
-
Sales Surge 57% on Berry Acquisition
Net sales reached $23.5 billion, up from $15.0 billion, with the merger contributing approximately $7.9 billion.
-
Fiscal Year End Changed to December
The company will transition from a June 30 to a December 31 fiscal year end, with a six-month transition period starting July 1, 2026.
-
Reverse Stock Split Completed
A 1-for-5 reverse stock split became effective January 14, 2026, reducing authorized shares to 1.8 billion.
Analysis · AMCR · Manufacturing
Fiscal 2026 marked a transformative year for Amcor following the Berry Global merger. Net sales jumped 57% to $23.5 billion and net income more than doubled to $1.1 billion, driven by the acquisition and early synergy capture. The company also announced a change in fiscal year end and completed a 1-for-5 reverse stock split, both of which will affect how investors compare future results. The balance sheet remains leveraged with $14 billion in debt, but management is actively refinancing and divesting non-core assets to reduce leverage.
At the time of this filing, AMCR was trading at $46.81 on NYSE in the Manufacturing sector, with a market capitalization of approximately $21.4B. The 52-week trading range was $36.25 to $50.94. This filing was assessed with positive market sentiment and an importance score of 8 out of 10.