Amcor posts 42% profit jump in Q3 as packaging giant advances integration, shifts HQ strategy

SWITZERLAND – Amcor has reported attributable net income of US$278 million for the third quarter of fiscal year 2026, representing a 41.8% increase from US$196 million recorded during the same period last year.

For the quarter ended 31 March 2026, the global packaging company posted net sales of US$5.91 billion, reflecting a 70% rise on a constant currency basis, supported largely by acquisition-driven growth and operational integration gains.

The company said acquired sales net of divestments contributed approximately US$2.4 billion to quarterly revenues, translating into 71% growth.

Adjusted earnings before interest and taxes (EBIT) climbed to US$687 million, up 72% year-on-year on a constant currency basis.

Amcor’s global flexible packaging solutions segment generated net sales of US$3.2 billion during the quarter, representing a 29% increase compared to the prior year period.

Meanwhile, the global rigid packaging solutions division recorded the strongest performance, with sales surging 174% to US$2.6 billion on a constant currency basis.

The business unit included US$1.7 billion in acquired sales, equivalent to 182% growth, although results were partially offset by a roughly 5% negative impact linked to reduced raw material cost pass-throughs.

Chief executive officer Peter Konieczny attributed the performance to successful post-merger integration efforts following the combination of legacy Amcor and Berry operations.

“Third-quarter results were in line with expectations and reflect the resilience of our business as we mark the first anniversary of bringing legacy Amcor and Berry together as One Amcor,” Konieczny said.

“Over the past year, we have executed a smooth integration, built a strong leadership structure, and made meaningful progress on synergy delivery and portfolio optimization.”

The company also announced plans to establish a new United States headquarters in Miami, Florida, beginning in 2027.

Selected corporate functions will be consolidated at the new location as Amcor seeks to align management operations more closely with its North American business footprint. Switzerland and Australia will remain part of the company’s wider corporate structure.

Additionally, Amcor intends to transition from its current fiscal year ending in June to a calendar-year reporting structure.

The company’s ongoing fiscal year will conclude on 30 June 2026, followed by a six-month transition period running through December 2026.

The revised reporting calendar will officially commence in 2027, with the company expecting to issue annual outlook guidance each February.

The developments come amid broader consolidation and restructuring activity across the global packaging sector, as major manufacturers pursue scale, operational efficiency and regional supply chain optimization to counter inflationary pressures and shifting consumer demand.

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