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Ardagh Metal Packaging (AMBP)
NYSE:AMBP
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Earnings Data
Report Date
Feb 20, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$0.03Last Year’s EPS
$0.01Same Quarter Last Year
Based on 7 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 24, 2024
|% Change Since: -24.94%
|Next Earnings Date:Feb 20, 2025
Earnings Call Sentiment|Neutral
The earnings call presented a generally positive outlook with strong performance in adjusted EBITDA growth and improvements in guidance. However, there are challenges in the Americas and Brazil, along with capacity constraints in Europe, that balance the positive results.Company Guidance
During the Ardagh Metal Packaging (AMP) Q3 2024 earnings call, guidance for the full year adjusted EBITDA was improved to a range of $650 million to $660 million, reflecting better-than-expected performance. The company reported a 15% increase in adjusted EBITDA for the quarter, driven by strong double-digit growth in both segments, despite global beverage shipments only growing by 2%. AMP's European segment saw revenue increase by 2% to $572 million, and adjusted EBITDA increased by 18% to $79 million, supported by favorable volume/mix and input cost recovery. In the Americas, revenue rose by 1% to $741 million, with adjusted EBITDA up 13% to $117 million, attributed to improved manufacturing performance and volume/mix effects. AMP also projected a liquidity position of approximately $1 billion by year-end, following strong free cash flow generation and strategic financing activities.Strong Adjusted EBITDA Growth
AMP delivered a 15% increase in adjusted EBITDA with strong double-digit growth across both segments, reflecting Europe's continued margin normalization and improved manufacturing performance in the Americas.
Global Beverage Shipments Growth
Global beverage shipments grew by 2% in the third quarter compared to the prior year, with strong performance in carbonated soft drinks and sparkling waters in North America.
Improved Full Year Guidance
The company improved its full year guidance for adjusted EBITDA to $650 million to $660 million, driven by strong year-to-date performance, particularly in Europe.
Progress in Sustainability Efforts
AMP concluded a large-scale virtual Power Purchase Agreement in Portugal, commencing in 2026, representing a significant step towards achieving 100% renewable energy target for 2030.
Strong Liquidity Position
AMP ended the quarter with a liquidity position of $707 million, increased from $405 million at the end of the second quarter, and expects to end the year with approximately $1 billion.
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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
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AMBP Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 24, 2024 | $4.08 | $3.80 | -6.86% |
| Jul 25, 2024 | $3.54 | $3.46 | -2.26% |
| Apr 25, 2024 | $3.44 | $3.69 | +7.27% |
| Feb 22, 2024 | $3.52 | $3.18 | -9.66% |
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.
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FAQ
When does Ardagh Metal Packaging (AMBP) report earnings?
Ardagh Metal Packaging (AMBP) is schdueled to report earning on Feb 20, 2025, TBA Not Confirmed.
What is Ardagh Metal Packaging (AMBP) earnings time?
Ardagh Metal Packaging (AMBP) earnings time is at Feb 20, 2025, TBA Not 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 2024 (Q4) is $0.03.
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