Ardagh Metal Packaging S.A. (NYSE:AMBP) reported first-quarter results on Thursday that came in ahead of analyst expectations, sending its shares higher in premarket trading.
The stock gained 3.77% following the release.
Profit and revenue exceed forecasts
The company posted adjusted earnings per share of $0.05, surpassing the analyst estimate of $0.03.
Revenue totaled $1.5 billion, beating the consensus forecast of $1.37 billion and marking a 19% increase from $1.27 billion in the same period last year. Adjusted EBITDA reached $179 million, exceeding the company’s guidance range of $160 million to $170 million and rising 15% year-on-year, supported by strong performance in Europe.
Europe drives strong performance
“We are pleased to report strong first quarter results for AMP, with Adjusted EBITDA growth of 15% versus the prior year, significantly ahead of our guidance and demonstrating the resilience of our business,” said Oliver Graham.
European operations were a key contributor, with adjusted EBITDA climbing 53% to $75 million, benefiting from improved cost recovery and a favorable product mix.
Americas face headwinds
In the Americas, adjusted EBITDA declined 2% to $104 million, impacted by disruptions in the aluminum supply chain and higher operating costs, though partially offset by favorable volume mix.
Outlook maintained
For the second quarter, Ardagh Metal Packaging expects adjusted EBITDA between $210 million and $220 million. The midpoint of $215 million compares with $210 million reported in the same quarter of 2025.
The company reaffirmed its full-year 2026 adjusted EBITDA guidance of $750 million to $775 million and anticipates modest growth in global shipments.
Shipment trends and dividend
Global beverage can shipments fell 1% year-on-year during the quarter, including a 2% decline in the Americas and a 1% drop in Europe.
The company also declared a regular quarterly dividend of $0.10 per share.