Strong Global Shipments and EBITDA Growth
Global shipments grew by 5% and adjusted EBITDA increased by 18% versus the prior year, driven by strong volume growth in the Americas.
Americas Revenue and EBITDA Surge
In the Americas, revenue increased by 21% to $840 million with adjusted EBITDA rising by 34% to $133 million, due to favorable volume growth and lower operating costs.
Positive Liquidity and Leverage Position
The company ended the quarter with a robust liquidity position of $680 million and reduced net leverage from 5.8x to 5.3x.
Upgraded Full Year Guidance
Full year adjusted EBITDA guidance has been upgraded to a range of $705 million to $725 million based on current FX rates.
Continued Growth in North America
North American shipments increased by 8% for the quarter, with strong demand in nonalcoholic beverages, particularly energy drinks and sparkling waters.