Amcor Reports 77% Revenue Growth to $5.914 Billion Following Berry Global Merger

Amcor plc reported significant financial growth in its latest quarterly results, with net sales reaching $5.914 billion for the three months ended March 31, 2026, a 77% increase from $3.333 billion in the same period last year. This surge in revenue is largely attributed to the merger with Berry Global Group, which was finalized on April 30, 2025. The company’s gross profit also saw a substantial rise, climbing to $1.190 billion, compared to $654 million in the prior year, reflecting a gross profit margin of 20.1%. However, net income attributable to Amcor plc increased by 42% to $278 million, down from $196 million, with diluted earnings per share decreasing to $0.60 from $0.68.

In terms of operational changes, Amcor has undergone a strategic restructuring following the merger, which has resulted in increased selling, general, and administrative expenses, rising to $488 million from $266 million year-over-year. The company also reported higher amortization of acquired intangible assets, which increased to $134 million from $37 million, reflecting the impact of the merger. Restructuring, transaction, and integration expenses rose significantly to $69 million from $32 million, as the company continues to integrate operations and realize synergies from the merger.

Amcor's operational metrics indicate a strong performance in both of its reportable segments. The Global Flexible Packaging Solutions segment generated $3.250 billion in net sales, up from $2.406 billion, while the Global Rigid Packaging Solutions segment saw a dramatic increase in sales to $2.664 billion from $927 million. Adjusted earnings before interest and taxes (EBIT) for the Flexible Packaging segment rose to $452 million, while the Rigid Packaging segment's EBIT increased to $276 million, showcasing the effectiveness of the merger in enhancing operational efficiencies.

The company has also made strategic moves to optimize its portfolio, identifying five businesses with combined sales of $2.5 billion for potential divestiture. This review is part of a broader strategy to align operations with core business objectives. Additionally, Amcor has classified certain assets as held for sale, recognizing a $6 million impairment loss related to these businesses. The company anticipates that these strategic actions will enhance shareholder value, although no specific timeline for completion has been established.

Looking ahead, Amcor remains cautious about the economic environment, citing challenges such as inflationary pressures, geopolitical tensions, and fluctuating consumer demand. The company is focused on executing price and cost actions to mitigate these impacts while continuing to integrate operations from the Berry merger. Amcor's management has expressed confidence in its ability to navigate these challenges and achieve its long-term strategic goals, including realizing approximately $530 million in pre-tax synergies from the merger by the end of fiscal year 2028.