Ardagh Metal Packaging S.A. (AMBP)
NYSE:AMBP
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Earnings Data
Report Date
Jul 23, 2026Before Open (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
0.09Last Year’s EPS
0.08Same Quarter Last Year
Based on 8 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presented multiple clear operational and financial positives — a Q1 adjusted EBITDA beat (15% YoY), strong European performance (revenue +18%, EBITDA +53%), robust liquidity and hedging, and notable Brazil growth (+14%). These positives were tempered by manageable but material headwinds: a global volume decline of 1%, North American shipment softness (-5%) from contract resets and supply-chain/weather disruptions, a mid-to-high single-digit million EBITDA drag in Q1, modestly higher reported leverage (5.7x), and potential H2 cost pressure (notably coatings). Management reaffirmed full-year guidance and emphasized hedging and pass-through mechanisms, signaling confidence in underlying resilience while acknowledging near-term uncertainty. Overall, the highlights materially outweigh the lowlights given the beat vs. guidance, strong regional execution, liquidity and hedging protection.Company Guidance
Adjusted EBITDA Outperformance
Q1 adjusted EBITDA was $179 million, up 15% year-over-year and above the prior guidance range of $160M–$170M; full-year 2026 adjusted EBITDA guidance reaffirmed at $750M–$775M.
Strong European Performance
Europe Q1 revenue rose 18% to $625 million (6% on a constant currency basis); Europe adjusted EBITDA increased 53% YoY to $75 million (36% on a constant currency basis), driven by input cost recovery, favorable volume mix and specialty can growth.
Revenue Growth in the Americas
Americas revenue increased 19% to $879 million in Q1, principally reflecting pass-through of higher input costs and favorable volume mix effects.
Brazil Outperformance
Brazil beverage shipments increased 14% in Q1, outpacing the industry and delivering strong results driven by above-market volume growth and improved fixed-cost absorption.
Robust Liquidity and Refinancing
Quarter-end liquidity was $488 million; AMP completed an upsized and extended asset-based lending facility ($450 million, maturity extended to Jan 2031).
Energy Hedging Coverage
AMP reported strong hedging coverage for energy: over 85% for 2026, over 75% for 2027 and more than 60% for 2028, limiting near-term energy price exposure.
Operational and Commercial Momentum
Scanner data showed continued market share gains for beverage cans in early-year months; specialty can volumes and network optimizations are progressing, with capacity expansion plans in Spain and the U.K.
Capital and Cash Flow Guidance
2026 expected cash items outlined: total CapEx of ~$200M (including growth), cash interest ~$220M, lease principal repayments ~115M, cash tax ~$30M, and a small working capital outflow; quarterly ordinary dividend maintained at $0.10 per share.
Legal Win with Potential Cash Award
Jury awarded AMP approximately $175 million (plus possible pre-judgment interest) in the Boston Beer breach-of-contract case, subject to post-trial motions and potential appeal.
AMBP Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
AMBP Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Apr 23, 2026 | $3.85 | $3.94 | +2.34% |
Feb 26, 2026 | $4.47 | $4.50 | +0.65% |
Oct 23, 2025 | $3.54 | $3.82 | +7.79% |
Jul 24, 2025 | $4.29 | $3.59 | -16.38% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Ardagh Metal Packaging S.A. (AMBP) report earnings?
Ardagh Metal Packaging S.A. (AMBP) is schdueled to report earning on Jul 23, 2026, Before Open (Confirmed).
What is Ardagh Metal Packaging S.A. (AMBP) earnings time?
Ardagh Metal Packaging S.A. (AMBP) earnings time is at Jul 23, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is AMBP EPS forecast?
AMBP EPS forecast for the fiscal quarter 2026 (Q2) is 0.09.