$AMCR

Amcor (AMCR) switched auditors, with PwC Switzerland resigning and PwC US taking over, reflecting its US focus. The stock has seen a 20.13% 90-day return and 17.68% 1-year return, but 5-year performance is mixed. Analysts estimate fair value at $49.93, slightly above the recent $47.15 close, citing earnings momentum and margin expansion. Integration with Berry Global is expected to yield $650M in synergies by 2028. Investors weigh recent price strength and valuation.

Amcor has partnered with Tiptree, a brand owned by Wilkin & Sons, to provide 30% post-consumer recycled (PCR) films for its packaging. The films, certified by RecyClass, help Tiptree prepare for upcoming UK Plastic Packaging Tax changes in 2027. Amcor's solutions aim to balance sustainability with operational performance. The films are produced at Amcor's UK sites and certified for traceability.

Amcor (AMCR) reported Q4 sales of $6.4B and annual sales of $23.5B, with net income rising to $389M for the quarter and $1.11B for the year. The company also increased its quarterly dividend to $0.65 per share and changed its independent auditor to align with its US operations. Amcor projects $23.9B revenue and $1.6B earnings by 2029, according to the company.

Amcor's acquisition of Berry Global boosted its full-year sales to $23.5bn, up 57%, and EBITDA to $3.67bn, up 68%. Net income more than doubled to $1.1bn. The deal made Amcor the world's largest packaging business, with significant growth in folding carton and flexible packaging divisions.

The Dow fell 87.36 points, or 0.16%, to 53,372.42 Tuesday as oil rose above $90 amid Iran tension concerns. Home Depot reported fiscal Q2 sales of $47.86B vs ~$47.27B expected and adjusted EPS of $4.92 vs $4.73, reaffirming FY guidance. Memory chip stocks slid; other movers included Xos and Profusa.

Amcor (NYSE: AMCR, ASX: AMC) said it installed automated manufacturing lines and vision inspection systems for healthcare bag production at its Mundelein, Illinois facility. The systems inspect 100% of bags and serialize production for traceability. Amcor also cited vertical integration of film, printing, laminating, slitting and converting to improve quality and reduce packaging failure risk.

Amcor reported Q4 2026 adjusted net income of $570m, up 40% year over year, citing integration of Berry. Quarterly net sales rose to $6.39bn (+26%). Adjusted EBIT was $836m (+37%). For FY ended June 30, adjusted net income was $1.8bn (+64%) and net sales $23.5bn (+57%). Amcor also plans a calendar-year reporting change.

Amcor (NYSE: AMCR, ASX: AMC) said it won two AmeriStar awards from the Institute of Packaging Professionals for its AmPrima recycle ready 150ml refill pouch and Amcor HealthCare reclosable pouch. The company cited life-cycle assessment results showing 94% less plastic and 76% lower carbon footprint for the refill pouch, and 83% lower carbon footprint for the reclosable pouch.

Analyst estimates cited by FactSet show Amcor plc’s average 12-month price target increased from $49.02 to $49.32. The range is $41.01 to $56.89. Based on the Aug. 13 close, the target implies about 6% upside. Consensus rating remains “Buy” with 12 Buys, 12 Holds, and 0 Sells.

Amcor plc said its Audit Committee requested PwC Switzerland’s resignation as independent auditor and appointed PwC US as the new auditor effective Aug. 14, 2026. The change follows Amcor’s 2026 Form 10-K filing and aligns with its US reporting status. Amcor reported no disagreements or reportable events with PwC Switzerland.