What does Amcor do and what are its main business segments?

What were the key takeaways from Amcor’s earnings call?

What is Amcor's latest dividend and current dividend yield?

What is Amcor's gross profit margin?

Did Amcor beat or miss consensus estimates last quarter?

What were the key takeaways from Amcor's earnings call?

What guidance did Amcor's management provide for the next earnings period?

What is the market's earnings forecast for Amcor next quarter?

- **EPS Growth Beats Expectations**: Q1 EPS of $0.193 (+18% YoY) driven by $38 million synergies and cost control.
- **Strong Synergy Pipeline**: $70 million+ revenue synergies pipeline, reaffirming $260 million FY26 target.
- **Cash Flow Strength**: FY26 free cash flow guidance of $1.8-1.9 billion, up 100% YoY.
- **Dividend Increase**: $0.13 quarterly dividend reflects confidence in cash generation.
- **Operational Resilience**: EBIT up 4% despite 2% volume decline, driven by cost flexibility.


**【CEO Opening Remarks】**
- Amcor achieved EPS of $0.193 per share in Q1 FY26, up 18% YoY, driven by cost-out performance and synergy realization.
- Delivered $38 million in synergies (towards the upper end of guidance), with $70 million+ in revenue synergies pipeline.
- Aims to deliver $260 million in FY26 synergies and reaffirms FY26 EPS growth of 12-17%.
- Announces $0.13 quarterly dividend increase, reflecting confidence in cash flow generation.

**【CFO Financial Commentary】**
- Global Flexible Packaging: Net sales +25% (constant currency), EBIT margin 13.1%, up 20bps YoY.
- Global Rigid Packaging: Net sales +205% (constant currency), EBIT margin 11.9%, up 420bps YoY.
- Free cash flow outflow of $343 million (in line with expectations), with FY26 free cash flow guidance of $1.8-1.9 billion.
- Leverage at 3.6x, targeting 3.1-3.2x by year-end, supported by $100 million from asset sales.

**【Q&A Highlights】**
- **Volume Declines**: Volumes down 2% (excl. noncore NA Beverage), driven by macroeconomic softness, but EBIT up 4% due to cost management.
- **NA Beverage Business**: Operational issues resolved, profitability improving; exploring strategic alternatives.
- **Synergy Momentum**: $38 million Q1 synergies (G&A, procurement), with $260 million FY26 target reaffirmed.
- **Health Care Growth**: North America medical segment strong, Europe pharma lagging, but overall health care flat YoY.
- **Private Label Trends**: Consumer value-seeking driving private label growth, with Amcor underrepresented in key markets.


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