e.l.f. Beauty stock plummets 20% as revenue and guidance fall short of expectations
ZURICH - Amcor plc (NYSE:AMCR) shares gained 3.7% after the global packaging leader reported first-quarter earnings that exceeded analyst expectations, driven by successful integration of its recent Berry Global acquisition.
The company posted adjusted earnings per share of $0.19 for the quarter ended September 30, beating the consensus estimate of $0.18. Revenue surged 68% to $5.75 billion on a constant currency basis, slightly above analysts’ expectations of $5.74 billion. This marked the first full quarter operating as a combined Amcor and Berry business.
Adjusted EBIT margins improved to 12.0%, up 110 basis points from the prior year, while the company delivered approximately $38 million in synergies from the Berry acquisition, at the upper end of its expected range. The company reaffirmed its fiscal 2026 outlook, projecting adjusted EPS of $0.80-$0.83, representing 12-17% constant currency growth.
"I am pleased with how the legacy Amcor and Berry teams have come together as one to integrate and execute against our priorities," said Amcor CEO Peter Konieczny. "We are gaining momentum with synergy realization, including commercial synergies, and have solid pipelines which continue to grow. Margins increased in both operating segments."
The company’s Global Flexible Packaging Solutions segment saw net sales increase 25% to $3.26 billion on a constant currency basis, while the Global Rigid Packaging Solutions segment’s sales grew 205% to $2.49 billion.
Amcor also increased its quarterly dividend to 13.0 cents per share, up from 12.75 cents in the same quarter last year, reflecting management’s confidence in future growth prospects.
The company expects to deliver at least $260 million of synergy benefits in fiscal 2026 from the Berry acquisition and maintains its free cash flow guidance of $1.8-$1.9 billion for the year.
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