Ardagh Metal Packaging
Manufactures aluminum beverage cans, ends, and related printing and technical services.
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Profile
Manufactures and sells aluminum beverage cans and ends, plus digital printing and technical services, across the Americas and Europe. Revenue is tied to beverage volumes and largely multi-year customer contracts, while the controlling shareholder supplies shared services and is preparing for a potential sale.
Manufactures aluminum beverage cans and can ends, with digital printing, graphics, engineering, and customer support around those products. The Americas segment covers North America and Brazil; Europe is the other reporting segment. Plants are positioned near customers' filling operations and serve beer, soft drinks, energy drinks, sparkling water, and other packaged beverages.
Production combines high-volume manufacturing with specialty formats, decorative finishes, and technical know-how. Most sales come through multi-year contracts, while many contracts pass metal and other input-cost movements through to customers. Results still depend on beverage demand, plant utilization, and aluminum availability; a large customer accounts for a significant share of revenue. Its controlling shareholder is preparing for a potential sale and supplies shared corporate services under an agreement that could end if a transaction closes.
Company facts
Categories
Key statistics
Year to date +24.0% · Average volume (30d) 2.7M
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Prior target | Target |
|---|---|---|---|---|---|---|
| Aug 20, 2026 | Deutsche Bank | Initiate | Hold | $5.20 | ||
| Jul 24, 2026 | UBS | Reiterate | Neutral | $4.25 | $5 | |
| Jan 12, 2026 | UBS | Reiterate | Neutral | $3.60 | $4.25 | |
| Jan 8, 2026 | Morgan Stanley | Target | $3.20 | $4.30 | ||
| Jan 6, 2026 | Truist Financial | Target | $4 | $5 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Jul 23, 2026Q2 FY26 | $0.09 | $0.11 | +24.0% | $1.57B | $1.71B | +9.4% | +1.27% |
| Apr 23, 2026Q1 FY26 | $0.04 | $0.05 | +25.0% | $1.37B | $1.50B | +10.0% | +1.78% |
| Feb 26, 2026Q4 FY25 | $0.02 | $0.03 | +50.0% | $1.29B | $1.35B | +4.7% | +5.21% |
| Oct 23, 2025Q3 FY25 | $0.07 | $0.08 | +14.3% | $1.29B | $1.43B | +11.0% | −5.72% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $1.27B | $1.46B | $1.43B | $1.35B | $1.50B | $1.71B | |
| Gross profit | $150.0M | $153.0M | $194.0M | $116.0M | $143.0M | $203.0M | |
| Operating income | $41.0M | $86.0M | $89.0M | $46.0M | $60.0M | $119.0M | |
| Net income | −$5.0M | $5.0M | $27.0M | −$16.0M | −$5.0M | $35.0M | |
| Diluted EPS | −$0.02 | −$0.00 | $0.04 | −$0.03 | −$0.01 | $0.06 | |
| Gross margin | 11.8% | 10.5% | 13.6% | 8.6% | 9.5% | 11.9% | |
| Operating margin | 3.2% | 5.9% | 6.2% | 3.4% | 4.0% | 6.9% |
Fiscal years (4-quarter sums)FY21 $4.06B · FY22 $4.69B · FY23 $4.81B · FY24 $4.91B · FY25 $5.50B
Revenue by geography · FY25
Balance sheet, Jun 30, 2026Cash & short-term investments $189.0M · Total debt $4.34B · Total assets $5.57B · Shareholders' equity −$758.0M
Dividends
Raised for 2 straight years. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Jun 11, 2026 | Jun 11 | Jun 25 | $0.10 | |
| Mar 12, 2026 | Mar 12 | Mar 26 | $0.10 | |
| Nov 3, 2025 | Nov 3 | Nov 13 | $0.10 | |
| Aug 7, 2025 | Aug 7 | Aug 19 | $0.10 | |
| May 5, 2025 | May 5 | May 15 | $0.10 | |
| Mar 13, 2025 | Mar 13 | Mar 27 | $0.10 | |
| Dec 5, 2024 | Dec 5 | Dec 19 | $0.10 | |
| Sep 12, 2024 | Sep 12 | Sep 26 | $0.10 |
Ownership
Shares outstanding 597.71M · Float 137.18M · 23.0% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| Ardagh Group S.A. | 454.38M | 76.02% | 13D | Aug 13, 2026 |
| Arini Capital Management Ltd | 20.90M | 3.50% | 13F | Aug 14, 2026 |
| Canyon Capital Advisors LLC | 10.39M | 1.74% | 13F | Aug 14, 2026 |
| Goldman Sachs Group Inc | 8.67M | 1.45% | 13F | Aug 14, 2026 |
| BlackRock, Inc. | 8.28M | 1.38% | 13F | Aug 7, 2026 |
Insider tradesForm 4
No open-market trades in the last 12 months.
View detailsPeers
- Ball
Direct aluminum beverage-can rival across AMBP's core regions
- Crown
Direct beverage-can peer in Americas and European markets
- Amcor
Rigid plastic and closure substitute for beverage packaging
- O-I Glass
Glass-container substitute for beverage brands
- Silgan
Adjacent metal and closure packaging competitor
