Amcor(US:AMCR)2025-11-05 22:30Financial Performance - Net sales increased by 68% to $5,745 million[11], driven by acquired businesses[19, 23] - Adjusted EBITDA increased by 92% to $909 million[11] - Adjusted EBIT increased by 85% to $687 million[11], including approximately $295 million net acquired earnings[12] - Adjusted EPS increased by 18% to 19.3 cents per share[11] - The company reaffirmed fiscal year 2026 outlook[9, 39] Synergy and Integration - Approximately $38 million in total synergies were delivered in 1Q26[15] - The company is on track to deliver at least $260 million total synergies in fiscal year 2026[13, 14, 46] and $650 million in total[14, 46] - Approximately $50-55 million synergy benefits are expected in 2Q26[15] - Berry integration is on track[9, 39] Segment Performance - Global Flexible Packaging Solutions net sales increased by 25% to $3,257 million[18], including approximately $640 million from acquired businesses[19] - Global Flexible Packaging Solutions adjusted EBIT increased by 28% to $426 million[18], including approximately $75 million from acquired businesses[19] - Global Rigid Packaging Solutions net sales increased by 205% to $2,488 million[22], including approximately $1.7 billion from acquired businesses[23] - Global Rigid Packaging Solutions adjusted EBIT increased by 365% to $295 million[22], including approximately $240 million from acquired businesses[23] Cash Flow and Leverage - Free Cash Flow use of $343 million, in line with expectations[26] - The company is on track to deliver Free Cash Flow of $1.8-$1.9 billion in fiscal year 2026[26, 29] - Leverage at approximately 3.6 times[24, 26] - The company continues to expect leverage of approximately 3.1 to 3.2 times at June 30, 2026, excluding proceeds from potential asset sales[26]