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Amcor Posts Higher Fiscal Q3 Adjusted Earnings, Net Sales; Lowers Fiscal 2026 Outlook

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-- Amcor (ASX:AMC) reported Thursday fiscal third-quarter adjusted earnings of $0.96 per share, up from $0.90 a year earlier.

Analysts polled by FactSet expected earnings of $0.95.

Net sales for the three months ended March 31 was $5.91 billion, compared with $3.33 billion a year earlier. Analysts surveyed by FactSet expected $5.71 billion.

The company narrowed its fiscal 2026 adjusted earnings guidance to $3.98 to $4.03, from its earlier outlook of $4 to $4.15 per share. Analysts polled by FactSet expect earnings of $3.96.

The board declared a quarterly dividend of $0.65 per share, payable June 17 to shareholders on record as of May 28. In the same period last year, the dividend was $0.6375 per share, declared as $0.1275 before adjusting for the reverse stock split, which came into effect in January.

In a separate filing, the company said it will change its fiscal year to start on Jan. 1 and end on Dec. 31, from a financial year that starts on July 1 and ends on June 30. Its first full year resulting from the change will be the year ending Dec. 31, 2027.

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