Amcor plc

New York Stock Exchange
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Neutral +5

Why Tabcorp, Light & Wonder and Amcor shares are making waves on Thursday

📈 Amcor shares rose 4.5% to $55.05 following the completion of its Berry Global acquisition and realization of $77 million in synergy savings.

💰 The packaging giant reported record quarterly net sales of US$5.91 billion and adjusted EBITDA of US$892 million, both up significantly year-on-year.

🤝 CEO Peter Konieczny stated that results were resilient and aligned with expectations as the company marks one year since becoming "One Amcor."

🏆 Amcor delivered a quarterly dividend record payout of 91 Aussie cents per share, though it was unfranked.

🎰 Light & Wonder shares fell 8.9% to $102.04 after releasing mixed first-quarter results showing revenue and EBITDA growth but a sharp 37% drop in statutory net income.

⚖️ Light & Wonder's profit decline was partly attributed to US$50 million in provisions related to past legal matters rather than core business weakness.

⚠️ Tabcorp shares crashed 20.7% to 91.2 cents after AUSTRAC announced it is conducting an enforcement investigation into the gambling company's money laundering and terrorism financing risks.

🛑 Tabcorp CEO Gillon McLachlan expressed commitment to compliance and stated the company will work constructively with regulators through this process.

📉 The three ASX 200 companies diverged from the benchmark index, which gained 0.9% at the time of writing, reflecting varied investor sentiment on their reports.

🚀 Amcor is currently recommended as a buy by Motley Fool Australia, although it was not included in Scott Phillips' recent list of five best stocks to buy.

⛔ Light & Wonder Inc is held as a position and recommended by the parent company, Motley Fool Holdings Inc., despite its recent share price decline.

📊 This news report highlights the contrasting fortunes of these three major ASX 200 companies driven by quarterly earnings and regulatory headlines.

Bullish Signals
  • Amcor shares are outperforming the market today, rising 4.5% to $55.05.
  • The company realized acquisition synergies of US$77 million in the March quarter following the completion of its Berry Global acquisition.
  • Net sales increased 77% year-on-year to US$5.91 billion during the third quarter.
  • Adjusted EBITDA surged 87% from the prior year to US$892 million.
  • Amcor delivered a record quarterly dividend payout of 91 Aussie cents per share, unfranked.
  • Management states that business resilience is being demonstrated as the company marks its first anniversary operating as One Amcor.
Risk Factors
  • Tabcorp shares crashed 20.7% to 91.2 cents after AUSTRAC announced an enforcement investigation due to 'serious concerns' regarding the company's ability to manage money laundering and terrorism financing risks.
  • Light & Wonder shares fell 8.9% despite positive revenue growth, as statutory net income dropped 37% year-on-year primarily due to $50 million in provisions tied to past legal matters.
  • Motley Fool investing expert Scott Phillips explicitly excluded Amcor Plc from his list of 5 best stocks for investors to buy right now, suggesting better alternatives exist.
  • Amcor shares were up 4.5% on reported results that were merely 'in line with expectations,' indicating a lack of surprise or significant upside potential in the market's current view.
  • CEO Gillon McLachlan of Tabcorp admitted that uplifting risk capability is an ongoing part of transformation, implying existing vulnerabilities have not yet been fully resolved.
Full Analysis
AMcor shares rallied 4.5% to $55.05 after reporting Q3 FY2026 results that beat expectations, driven by $77 million in synergies realized following the completion of its Berry Global acquisition and record quarterly dividends of 91 unfranked Australian cents per share. Net sales surged 77% year-on-year to $5.91 billion while adjusted EBITDA jumped 87% to $892 million, reflecting strong business resilience as the company marks one year since combining legacy Amcor and Berry into One Amcor. Conversely, Light & Wonder shares fell 8.9% to $102.04 following Q1 2026 earnings that showed mixed results with statutory net income dropping 37% to $52 million due to $50 million in provisions for past legal matters, despite revenue growth of 2% and an adjusted EBITDA increase of 5%. Tabcorp Holdings faced a steeper decline of 20.7% trading at 91.2 cents after AUSTRAC announced a serious enforcement investigation into the company's risk management regarding money laundering and terrorism financing following concerns about its ability to mitigate financial crime risks. While Amcor presents growth opportunities tied to integration synergies and strong cash generation, Light & Wonder faces headwinds from legal provisions impacting profitability despite operational revenue gains, and Tabcorp confronts significant regulatory challenges that could impact future compliance costs and reputation as it works to address AUSTRAC's serious concerns under CEO Gillon McLachlan's leadership.