Ardagh Metal Packaging S.A. announced robust results for the third quarter ended September 30, 2024, reporting a 15% increase in Adjusted EBITDA to $196 million, up from $171 million in the prior year. Revenue for the quarter grew by 1% to $1,313 million, compared to $1,294 million in the same period of 2023. Adjusted earnings per share rose to $0.08 from $0.06 year-over-year.
The strong performance was driven by favorable volume/mix effects, higher input cost recovery, and reduced operating costs across both its European and Americas segments. Europe's Adjusted EBITDA increased by 18% to $79 million, while the Americas segment saw a 13% rise to $117 million. Global shipments for the quarter grew by 2%.
In light of these results, Ardagh Metal Packaging upgraded its full-year 2024 Adjusted EBITDA guidance to a range of $650 million to $660 million. The company also declared a quarterly cash dividend of $0.10 per ordinary share, payable on December 19, 2024, to shareholders of record on December 5, 2024. This reflects confidence in the business's resilient beverage consumption trends and the beverage can's market outperformance.
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