AMBP · AMBP Q2 FY2026 earnings call record财报电话会记录

“Our capacity is more than 30% higher, supporting our customers' growth, with specialty cans now representing over 50% of our volumes.”

“Our business mix is strongly diversified across both global and regional customers, and across a variety of new and growing categories.”

“Beverage can sales declined by 1% versus the prior year quarter as we cycled strong prior year growth of 5%.”

“Americas performance was broadly in line with expectations, despite softness in Brazil and metal supply constraints impacting operations in North America at the beginning of the quarter.”

“Capacity remains tight in the region, and our production volumes in the quarter benefited from the network optimization actions that we undertook to allow us to better serve our customers with higher demand can sizes in faster growing categories.”

“This will lead to higher CapEx of $40 million in 2026 compared to our previous guidance and allow us to capitalize on strong industry demand.”

“In the Americas, revenue in the second quarter increased by 21% to just above $1 billion, principally reflecting the pass-through of higher input cost to customers, including the impact of higher metal costs and freight cost pass-throughs, partly offset by lower shipments.”

“The impact on operations from metal supply chain challenges at the beginning of the quarter and the cycling of a strong prior year comparable of 8%.”

“Total CapEx of $240 million, including growth investment, an increase of $40 million compared to our prior guidance, driven by the previously mentioned upsizing of our investments in new capacity in Spain and the U.K.”

“Reflecting on our strong first half performance and confidence in our outlook for the remainder of the year, we are upgrading our guidance for 2026 full year adjusted EBITDA to be between $775 million and $790 million.”

“What you see, I think is, A, a little bit more weakness on the consumer side, and then you see much more volatility quarter to quarter, depending on which brewer is chasing volume versus margin.”

“Just wanted to check quickly on maybe an early read for July volumes by region or 3Q volumes.”