Page 53 - Plastics News September 2026
P. 53
BUSINESS NEWS
In the second quarter, geopolitical instability re- North American assets at approximately 90%
sulted in dynamic and supply-constrained mar- utilization capitalizing on favorable market con-
ket conditions across all business segments. In ditions. O&P – Europe, Asia and International
the O&P – Americas segment, results substan- also benefited from improved polymer spreads
tially improved relative to the prior quarter on driven by supply chain disruptions and stronger
expanding polymer margins and favorable co- joint venture contributions.
product pricing due to tighter global market
supply. The company operated its advantaged
Amcor Registers Net sales of $23,506 million
a favorable impact of approximately $240 mil-
lion, which represents growth of approximately
2%, movements in foreign exchange rates had a
favorable impact of approximately 5% and the
remaining (2%) year over-year variation reflects
the net impact of volumes and price/mix.
Adjusted EBIT of $2,813 million was 63% higher
than last year on a reported basis, including ap-
proximately $842 million of acquired EBIT net of
mcor plc reported its fiscal year 2026 fi- divestitures, which represents growth of approx-
nancial results highlighting major growth imately 49%. Movements in foreign exchange
Adriven by the acquisition of Berry Glob- rates had a favorable impact of approximately
al. Net sales of $23,506 million were 57% higher 4% and the remaining 10% year-over-year vari-
than last year on a reported basis, including ap- ation mainly reflects synergy benefits from the
proximately $7.9 billion of acquired sales net of Berry acquisition of approximately $240 million,
divestitures, which represents growth of approx- partly offset by lower volumes. GAAP net inter-
imately 52%. Amcor CEO Peter Konieczny said, est expense was $610 million and GAAP income
“We delivered strong operating performance in tax expense was $181 million. Inclusive of acqui-
the fourth quarter despite a challenging macro sition-related financial benefits of approximately
environment.” The net income Totaled $1.11 bil- $45 million, adjusted net interest expense was
lion ($1,106 million), up from $511 million in the $581 million and adjusted tax expense was $368
previous fiscal year. While the adjusted EBIT- million representing an effective tax rate of
DA Surged 68% to $3.67 billion ($3,673 million) 16.5%.
compared to $2.19 billion last year. The pass
through of movements in raw material costs had
September 2026 PLASTICS NEWS 57
