Switzerland's Amcor Q1 sales up 7%

Overview

• Global packaging producer's Q1 net sales rose 7% yr/yr, driven by broad-based organic volume growth

• Company lowered adjusted EPS outlook for transition period due to higher energy and distribution costs

Outlook

• Company lowers Transition Period adjusted EPS outlook to $1.70-$1.80 from $1.80-$1.90

• Amcor expects leverage at Dec 31, 2026 of about 3.6x, up from prior 3.5-3.6x

• Company says higher energy and distribution costs are a headwind for the transition period

Result Drivers

• VOLUME GROWTH - Co said Q1 organic volume growth was broad-based, led by 3% growth in focus categories

• SYNERGY BENEFITS - Co said synergy benefits from Berry acquisition contributed to results

• HIGHER COSTS - Co said accelerated energy and distribution costs late in Q1 created a headwind

Company press release:

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 8 "strong buy" or "buy", 6 "hold" and no "sell" or "strong sell"

• The stock recently traded at 11 times the next 12-month earnings vs. a P/E of 10 three months ago

Reuters Recommended Reads

• Nov 3 - Aluminum packaging maker Ball Q3 revenue beats on higher packaging volumes

• Nov 3 - Graphic Packaging Q3 sales, adjusted EPS slightly beat estimates

• Nov 4 - Reynolds Consumer Q3 revenue rises 1%, slightly beating estimates

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)