Ardagh Metal Packaging's Q2 revenue, adj EPS beat estimates

Overview

• Beverage can maker's Q2 revenue rose 18%, beating analyst expectations

• Q2 adjusted EPS and adjusted EBITDA both beat analyst expectations

• Company raised full-year 2026 adjusted EBITDA guidance, citing strong Europe performance

Outlook

• Company raises 2026 Adjusted EBITDA guidance to $775-790 mln from $750-775 mln

• Company expects Q3 Adjusted EBITDA of $200-210 mln

Result Drivers

• EUROPE PERFORMANCE - Strong volume growth and favorable input cost recovery in Europe drove Q2 adjusted EBITDA outperformance

• INPUT COST PASS THROUGH - Revenue growth reflected the pass through of higher input costs to customers and favorable volume/mix effects

• SHIPMENT DECLINES IN AMERICAS - Beverage can shipments declined in the Americas due to contract resets in North America and lower shipments in Brazil, partly offset by European growth

Company press release: ID:nPn7VD6Nta

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy", 5 "hold" and 1 "sell" or "strong sell"

• The average consensus recommendation for the non-paper containers packaging peer group is "buy."

• Wall Street's median 12-month price target for Ardagh Metal Packaging SA is $5.00, about 6.2% above its July 22 closing price of $4.71

• The stock recently traded at 17 times the next 12-month earnings vs. a P/E of 18 three months ago

Reuters Recommended Reads

• July 20 - Crown Holdings beats Q2 revenue on beverage can growth, raises FY adjusted diluted EPS guidance

• July 22 - Kaiser Aluminum Q2 sales and adjusted net income beat estimates; FY outlook raised

• July 22 - Packaging Corp Q2 adjusted EPS falls less than expected, helped by strong demand

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)