Amcor says Q2 performance in line with ’26 expectations

Global packaging producer Amcor PLC recently reported its financial results for the second quarter of 2026, describing the three-month period as “solid” and in line with its fiscal guidance for the year.

Notably, the Zurich-based company reports net sales of $5.4 billion, a 68 percent increase over the previous year ($3.2 billion). Additionally, the company’s earnings before interest, taxes, depreciation and amortization (EBITDA) of $603 million represents a 62 percent increase over the same period last year ($363 million), as does its adjusted earnings per share of 86 cents (up from 80 cents last year).

Amcor attributes much of the sales and earnings growth its 2025 acquisition of Berry Global.

“Our Q2 financial performance was in line with expectations in a challenging volume environment,” Amcor CEO Peter Konieczny says of the performance. “Strong adjusted EPS [earnings per share] growth was driven by disciplined execution and synergy benefits from the Berry acquisition at the upper end of expectations.”

Segment performance

Amcor reports its Global Packaging Solutions business unit reached $3.2 billion in net sales in the second quarter, an improvement over the $2.5 billion recorded the previous year.

The company estimates that volumes for the segment were approximately 2 percent lower compared to volumes for the combined legacy Amcor and Berry businesses in the December quarter last year. By market category, Amcor says volumes were higher in pet food and meat proteins, and that was offset by lower volumes in other nutrition, liquids and unconverted film and foil.

By region, the company says volumes were lower across North America and Europe, while volumes in emerging markets were in line with the prior year, with growth in the Asia-Pacific region offset by declines in Latin America.

The segment’s adjusted earnings before interest and taxes (EBIT) of $402 million were 22 percent higher than last year.

The company’s Global Rigid Packaging Solutions segment reports net sales of $2.2 billion, a 200 percent increase over last year ($730 million) on a constant currency basis, including approximately $1.5 billion of acquired sales net of divestments, representing growth of approximately 212 percent.

Excluding noncore and divested businesses, the company says it estimated that volumes for the rigid packaging unit were flat compared with volumes for the combined legacy Amcor and Berry businesses in the same quarter last year. By category, volumes were higher in pet food, beauty and wellness and specialty containers, which offset softer volumes in healthcare and food service.

By region, Amcor reports volumes in line with the prior year in North America. Volumes were lower across Europe, the company says, partly offset by volume growth across emerging markets such as Latin America.

The segment’s adjusted EBIT of $228 million were 308 percent higher than last year on a constant currency basis, including about $165 million of acquired EBIT net of divestments, representing a growth of about 306 percent.

Halfway mark

For the first half of the 2026 fiscal year, Amcor reports net sales of $11.2 billion, up 70 percent and driven largely by the Berry acquisition. The company also posted an adjusted EBITDA of $1.7 billion, an increase over last year’s total of $919 million.

The company reports a net income of $848 million for the first half of the year, an 82 percent increase from $467 million last year.

For the year, the company reaffirms its expectation of a free cash flow of $1.8-1.9 billion.

“Performance through the first half of the year supports our confidence in reaffirming fiscal 2026 earnings and free cash flow guidance,” Konieczny said. “Portfolio optimization actions are progressing well, positioning us to be the global leader in consumer packaging and dispensing solutions for nutrition, health, beauty and wellness.”