Amcor (AMCR) Q1 2027 Earnings
How Did AMCR Stock React to Q1 2027 Earnings?
Did AMCR Beat Earnings? Q1 2027 Results
No. Amcor reported Q1 2027 earnings of $0.95 a share on Nov 4, 2026, missing the $0.98 consensus estimate by 3.0%. Revenue was $6.1B against a $5.9B estimate.
Amcor delivered a split verdict in its first quarter of fiscal 2027, posting revenue that cleared expectations while earnings came up short in a period complicated by surging input costs and a major accounting transition. Net sales of $6.13 billion rose 6.7% year over year, beating the $5.90 billion consensus by 3.96%, as broad-based volume gains in pet food, foodservice, and beauty and wellness drove growth across all regions. However, adjusted diluted EPS of $0.95 missed the $0.98 consensus by 2.96%, weighed down by accelerating energy and distribution costs that proved difficult to pass through quickly enough. A $1.13 billion working capital outflow tied to resin price volatility from the Middle East conflict pushed free cash outflow to $820 million, sending net debt to $14.01 billion. Adjusted EBIT held roughly flat in constant currency at $689 million, with roughly $50 million in Berry Global synergies offset by cost timing headwinds. Those same headwinds prompted management to trim its Transition Period adjusted EPS outlook to $1.70-$1.80 from $1.80-$1.90, though the company said it does not expect the pressure to carry into 2027.
- Raw material cost pass-through added approximately $435 million (8%) to net sales
- Overall volumes up approximately 1% (about 1.5% excluding non-core and divested businesses); focus categories up 3%
- Volume growth led by pet food, foodservice, and beauty and wellness; all regions grew, led by emerging markets
- Berry acquisition synergy benefits of approximately $50 million in adjusted EBIT
- Divestitures reduced net sales by approximately $112 million and adjusted EBIT by approximately $17 million
- Timing of pass-through of higher energy and distribution costs weighed on earnings
- Expected incentive compensation rebuild
- Lower unconverted film volumes in North America
- Working capital outflow of $1,127 million from resin price volatility tied to the Middle East conflict drove free cash outflow of $820 million
- Net interest expense $13 million above prior-year adjusted level due to higher interest rates
“We delivered solid operating results this quarter, with broad-based organic volume growth of 1%, led by 3% volume growth in the focus categories. Synergy realization was in line with expectations, and we are on track to achieve our three-year $650 million target.”
Amcor CEO, on the earnings call
What Is Amcor's Outlook?
For the six-month Transition Period ending December 31, 2026, Amcor lowered its Adjusted EPS outlook to $1.70–$1.80 from $1.80–$1.90, citing the timing of pass-through of higher energy and distribution costs. It now expects leverage of approximately 3.6x at December 31, 2026, versus a prior expectation of 3.5–3.6x. The outlook excludes potential portfolio optimization actions not yet announced and reflects heightened uncertainty from geopolitical developments. Management does not expect the higher energy and distribution costs to impact 2027 results and remains confident in its medium- and long-term financial commitments, including the $650 million three-year Berry synergy target.
AMCR YoY Financials
| Metric | Q1 2027 | Q1 2026 | Year over year |
|---|---|---|---|
| Revenue | $6.1B | $5.7B | +6.7% |
| Gross Profit | $1.2B | $1.1B | +3.1% |
| Operating Income | $454.0M | $461.0M | −1.5% |
| Net Income | $242.0M | $262.0M | −7.6% |
AMCR Revenue by Segment
When Does Amcor Report Next?
Figures from SEC filings and company reports. Not investment advice.