Ardagh Metal Packaging Crushes Q1 Earnings

Ardagh Metal Packagings Q1 earnings soared, with adjusted EBITDA surging 15% to $179M, surpassing guidance. Europe drove growth, with revenue up 18% and EBITDA soaring 53%. The Americas also saw revenue climb 19%, but EBITDA dipped 2%. Brazil shone with 14% shipment growth. Despite challenges in energy drinks and soft drinks, Ardagh secured a $175M court victory from Boston Beer. Supply chains are improving, but coating costs may rise. Ardagh reaffirmed full-year guidance and expects steady Q2 performance. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/36930292a80f6820