Company financial disclosures reveal that packaging producer Amcor generated $23.5 billion in net sales alongside $1.1 billion in net income for the complete 2026 fiscal year concluding on June 30. During the fiscal fourth quarter, the enterprise recorded $389M in net income—a sharp turnaround from a $39 million loss in the same period for fiscal 2025—while completing its first full year integrating Berry Global.
Berry Global Integration Drives Sales and Synergies
Global flexibles net sales reached $3.53B, marking a 17.7% year-over-year increase, while global rigid packaging net sales hit $2.87B, up 37.6% compared with the previous year, according to Amcor data. CFO Stephen Scherger stated that sales growth for flexibles was primarily driven by the acquisition of Berry Global last year.
During fiscal Q4, Amcor marked one year since completing the Berry transaction. CEO Peter Konieczny reported that integration is largely finished and synergies are tracking ahead of initial projections. The company achieved approximately $285 million in synergies in fiscal 2026, sitting about 10% ahead of projections and nearly reaching half of its three-year target of $650 million. Konieczny noted that the bulk of the remaining synergies are expected to be realized in 2027.
Volume Growth and Inflation Cost Recovery
During the fiscal fourth quarter, Amcor experienced an inflection to modestly positive volume growth across its six core segments, executives announced during a Wednesday earnings call. Konieczny acknowledged that a portion of the lift might stem as a one-off from consumer demand during the World Cup, specifically within the beverage and select food categories. However, he added that management does not view this lift as material to the quarter’s overall volume performance.
Strong volume growth occurred in food service, pet care, and protein categories, while liquids, beauty, and wellness volumes remained flat, according to executive reports. Scherger confirmed that the positive volume trends observed in fiscal Q4 continued into July.
Free cash flow for the full fiscal year landed at $1.3 billion, falling $200 million below the low end of the company’s projected range. Executives attributed this shortfall primarily to effects from the war with Iran, which drove cost inflation for resins and transportation. Despite these pressures, Scherger stated that Amcor passed through the vast majority of inflation costs to customers during fiscal Q4, totaling $280 million. Executives expect to recover the cash flow deficit over the next 12 months through structural improvements to working capital.
Restructuring and Fiscal Year Transition
Amcor incurred $290 million in restructuring costs for the full fiscal year. Company executives project that these expenses will ramp down during the remainder of 2026, totaling approximately $50 million.
Following the close of the fiscal year on June 30, Amcor initiated a special six-month reporting period to align its financial reporting with the standard calendar year. Looking ahead, Konieczny emphasized that 2027 will mark the first full, clean year for the combined company. For the transition timeframe and extending into 2027, Scherger anticipated that earnings before interest, taxes, depreciation, and amortization would achieve mid-single-digit expansion.
Frequently Asked Questions
What were Amcor’s net sales for fiscal year 2026?
Amcor brought in $23.5 billion in net sales and $1.1 billion in net income for the full fiscal year ending June 30, 2026.
How much did Amcor achieve in synergies from the Berry Global acquisition?
According to CEO Peter Konieczny, the company achieved approximately $285 million in synergies in fiscal 2026, which is about 10% ahead of initial projections.
Why did Amcor’s free cash flow fall below projections?
Full-year free cash flow reached $1.3 billion, which was $200 million below the low end of projections primarily due to impacts from the war with Iran, including resin and transportation inflation.
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