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Ardagh Metal Packaging(AMBP) - 2025 Q3 - Earnings Call Transcript
2025-10-23 15:00
Financial Data and Key Metrics Changes - Adjusted EBITDA grew by 6% year-over-year, reaching $208 million, which was at the upper end of guidance [4][14] - Year-to-date global volumes increased by over 3% compared to the previous year, despite being below expectations for the quarter [4][5] - The company expects full-year adjusted EBITDA to be in the range of $720 million to $735 million based on current FX rates [14] Business Segment Data and Key Metrics Changes - In Europe, Q3 revenue increased by 9% to $625 million, or 3% on a constant currency basis, primarily due to volume growth [5][6] - Adjusted EBITDA in Europe rose by 4% to $82 million, although it decreased by 4% on a constant currency basis due to input cost recovery headwinds [6] - In the Americas, revenue increased by 8% to $803 million, with adjusted EBITDA also rising by 8% to $126 million, supported by lower operational costs [7][8] Market Data and Key Metrics Changes - In Brazil, beverage can shipments decreased by 17% due to a weak industry backdrop, with beer can volumes falling by around 14% [10][11] - North America shipments increased by 1% for the quarter, with year-to-date shipments up by 5% [7][10] - The company anticipates a modest impact on Q4 performance due to supply chain issues but maintains guidance for mid-single-digit growth in North America shipments for the full year [9][10] Company Strategy and Development Direction - The beverage can segment continues to benefit from innovation and share gains, with a focus on sustainability and reducing emissions [5][14] - The company expects a transition year in 2026, with growth anticipated in 2027 due to contracted additional filling locations and ongoing market growth [10][14] - The company is upgrading its full-year adjusted EBITDA guidance, reflecting resilient performance across segments [14] Management's Comments on Operating Environment and Future Outlook - Management noted that while demand elasticity is not significantly impacting sales currently, there are risks for 2026 due to potential higher aluminum costs [20][21] - The outlook for the beer category in Europe is cautious, with expectations for stabilization in 2026 [85][86] - Management expressed optimism about the North American market, citing strong customer demand for non-alcoholic beverages [9][10] Other Important Information - The company ended the quarter with a robust liquidity position of over $600 million and a net leverage ratio of 5.2 [12][13] - The quarterly ordinary dividend announced was $0.10 per share [13] Q&A Session Summary Question: Effects of demand elasticity and alumina pricing - Management indicated that there is currently no significant impact from demand elasticity, but risks may arise in 2026 as hedges roll off [20][21] Question: Growth expectations in North America and Brazil - Management expects North America to grow at a market level of 1% to 2% in 2026, with Brazil anticipated to return to growth [10][21] Question: Capacity and footprint in Europe - Management confirmed that the European market remains tight, with no changes to the timing of needing new capacity [39][40] Question: Input cost recovery in Europe - Management noted that input cost recovery challenges are primarily related to European aluminum prices, which have been impacted by energy costs [57][58] Question: Aluminum pricing and promotional activity - Management acknowledged that rising aluminum prices could lead to inflation on the shelf, impacting volumes, but remains cautiously optimistic about growth [101][102] Question: Transition to new product categories - Management is implementing projects to increase flexibility in production lines to better capture growth in faster-growing categories [75][76]
Primo Brands Named to Newsweek's America's Greenest Companies 2026 List
Prnewswire· 2025-10-23 14:50
Core Insights - Primo Brands has been recognized as one of America's Greenest Companies for 2026, achieving a score of 4.5 out of 5 stars, reflecting its commitment to sustainability and reducing environmental impact through innovation and operational efficiency [1][2]. Company Overview - Primo Brands is a leading branded beverage company in North America, focusing on healthy hydration and offering a diverse range of products across various formats and price points [3][4]. - The company operates a vertically integrated distribution network, reaching over 200,000 retail outlets and providing direct delivery services to consumers [3][4]. Sustainability Efforts - The recognition as one of America's Greenest Companies highlights the company's leadership in minimizing environmental impact, evaluated across more than 25 parameters including greenhouse gas emissions, water usage, and waste generation [2][3]. - Primo Brands emphasizes responsible sourcing, energy efficiency, circular packaging, and community partnerships as part of its sustainability strategy [2][3]. Community Engagement - The company is committed to supporting local and national programs, providing hydration solutions during natural disasters, and investing in community initiatives [4].
Sustainable Green Team, Ltd. Secures “Restore” Token to Drive Blockchain-Powered Sustainability
Globenewswire· 2025-10-23 14:40
Core Insights - Sustainable Green Team, Ltd. (SGTM) has secured the "Restore" token name on the Solana blockchain, enhancing its waste-to-energy solutions [1] - The Restore utility token incentivizes eco-friendly actions, tracking user contributions and promoting transparency in sustainability efforts [2] - The adoption of blockchain technology in global industries, including green tech, is revolutionizing waste management and enabling sustainable impact [3] Group 1: Company Developments - SGTM formed an advisory team on October 6, 2025, and launched a Regional Licensing Partner Program on October 8, 2025 [1] - The Restore token will reward actions such as waste diversion and purchases, aligning with SGTM's partnership with Modern Thermal Design and USA ASIC for waste-derived energy [2] Group 2: Industry Trends - Tokenization is being adopted for transparency and efficiency across global industries, with green tech firms utilizing blockchain for tracking carbon credits and supply chains [3] - The Restore utility token positions SGTM shareholders to benefit from the growing trend of sustainable practices in waste management [3]
Grupo Aeroportuario del Sureste(ASR) - 2025 Q3 - Earnings Call Presentation
2025-10-23 14:00
Company Overview Regulation Operational Information Commercial Revenues Financial Information Strategic Matters International Some of the statements contained in this presentation discuss future expectations or state other forward-looking information. Those statements are subject to risks identified in this press release and in ASUR's filings with the SEC. Actual developments could differ significantly from those contemplated in these forward-looking statements. The forward-looking information is based on v ...
Edible Garden Joins the CEA Alliance — Partnering with Growers, Suppliers, and Retailers to Shape the Future of Controlled Environment Agriculture & AgTech
Globenewswire· 2025-10-23 13:15
Core Insights - Edible Garden AG Incorporated has joined the Controlled Environment Agriculture (CEA) Alliance to enhance its role in indoor agriculture and promote food safety, sustainability, and innovation [1][3][4] Company Overview - Edible Garden is a leader in controlled environment agriculture (CEA), focusing on locally grown, organic, and sustainable produce through its Zero-Waste Inspired® farming model [5] - The company operates advanced vertically integrated greenhouses and processing facilities in multiple locations, including Michigan, Iowa, and New Jersey, and partners with contract growers near major U.S. markets [5] Sustainability Initiatives - The company's membership in the CEA Alliance aligns with its support for Walmart's Project Gigaton, aimed at reducing greenhouse gas emissions across supply chains [2] - Edible Garden is recognized as a Giga Guru member of Walmart's sustainability initiative and demonstrates measurable progress towards sustainability goals [2][8] Technological Innovations - Edible Garden utilizes proprietary GreenThumb 2.0 software to optimize growing conditions and reduce food miles, along with patented Self-Watering displays to enhance plant shelf life [6] - The company holds patents in advanced aquaculture technologies, including a closed-loop shrimp farming system and automated water treatment setups [7] Industry Collaboration - The CEA Alliance serves as a platform for networking, advocacy, and education among greenhouse and indoor growers, suppliers, and retailers, focusing on food safety and sustainability [3] - Edible Garden's involvement in the Alliance allows it to engage with industry leaders and contribute to best practices in indoor farming [4]
Clean Earth Opens New Service Center in Syracuse, New York
Globenewswire· 2025-10-23 12:00
Core Insights - Clean Earth, a division of Enviri Corporation, has opened a new service center in Syracuse, New York, enhancing its capabilities in environmental and regulated waste management services [2] - The new 18,400-square-foot facility features 42 dock spaces and aims to serve a growing customer base in retail, healthcare, and education sectors [2][3] - This strategic expansion is expected to improve lab packing services and routing efficiencies for both hazardous and non-hazardous waste transportation [3] Operational Enhancements - The new location will act as a logistics hub, connecting customers to Clean Earth's nearby recycling, treatment, and disposal facilities [3] - The company is committed to delivering innovative, efficient, and sustainability-focused solutions, leveraging advanced routing technology to optimize transportation [4] - Clean Earth has introduced a new transportation fleet to enhance network logistics and operations, aiming to reduce transit times and improve service delivery [4] Company Overview - Clean Earth operates a network of 93 locations across the United States, providing a wide range of waste management services [5] - The company focuses on navigating both simple and complex environmental waste challenges, offering one of the largest networks of treatment, recycling, and sustainability services [5]
Carpet And Rugs Market to Reach USD 66.26 Billion by 2030 Driven by Rising Residential Demand and Online Retail Channels
Medium· 2025-10-23 10:55
Market Overview - The carpet and rugs market size is projected to grow from USD 52.46 billion in 2025 to USD 66.26 billion by 2030, reflecting a compound annual growth rate (CAGR) of 4.78% driven by rising residential spending, urbanization, and increasing online retail adoption [1][11] - North America is the largest market, while Asia-Pacific is emerging as a significant contributor to market expansion [1] Consumer Trends - There is a shift in consumer preferences towards sustainable and premium products, leading to diversification in materials, designs, and sales channels [2] - Eco-conscious consumers are favoring carpets made from recycled or bio-based fibers, and companies adopting environmentally friendly practices are strengthening their market presence [4] Design and Aesthetics - Increasing demand for home décor and interior design is evident as consumers view carpets and rugs as statement pieces, with bold colors and custom patterns gaining popularity [3] - Suppliers are innovating designs to enhance home aesthetics, catering to the desire for unique and stylish flooring solutions [3] E-Commerce Impact - The growth of e-commerce is reshaping the carpet and rugs market by providing customers with visualization tools, a wide range of designs, and flexible delivery options [5] - Online platforms are enabling manufacturers and retailers to reach a larger audience, particularly in regions with limited traditional showrooms [5] Regulatory Environment - Government policies, trade regulations, and export incentives are influencing market dynamics, with tariff adjustments and regional trade agreements facilitating market entry for manufacturers [6] Market Segmentation - The market is segmented by product type (tufted, woven, needle-punched, knotted, etc.), distribution channels (mass merchandisers, home centers, specialty stores), and end-use sectors (residential, commercial, industrial) [10] Key Players - Major players in the carpet and rugs market include Mohawk Industries Inc., Shaw Industries Group, Inc., and Oriental Weavers Carpet Co., each known for their diverse product offerings and strong distribution networks [10][12] Conclusion - The carpet and rugs market is on a steady growth path, driven by consumer interest in home décor, sustainability, and digital shopping convenience, with strong residential demand supported by premiumization in mature markets and urbanization in Asia-Pacific [11]
Atmus Filtration Technologies to Announce Third Quarter 2025 Results on November 7, 2025
Businesswire· 2025-10-23 10:46
Company Announcement - Atmus Filtration Technologies Inc. will report its financial results for the third quarter of 2025 on November 7, 2025, before market open [1] - A conference call will be held on the same day at 10:00 AM CT to discuss the financial results with the investment community [1][2] Company Overview - Atmus Filtration Technologies Inc. is a global leader in filtration and media solutions, with over 65 years of experience in designing and manufacturing filtration solutions [3] - The company operates on six continents and serves various markets, including truck, bus, agriculture, construction, mining, marine, and power generation [3] - Atmus is headquartered in Nashville, Tennessee, and employs approximately 4,500 people globally [3] Recent Developments - Atmus Filtration Technologies has released its inaugural Sustainability Report for 2023-2024, outlining its approach to sustainability [5] - The company has declared a quarterly cash dividend of $0.055 per common share, marking a 10% increase from the previous dividend of $0.05 [6] - For the second quarter of 2025, Atmus reported net sales of $454 million, GAAP net income of $60 million, and diluted earnings per share of $0.72 [7]
Dow reports third quarter 2025 results
Prnewswire· 2025-10-23 10:00
Accessibility StatementSkip Navigation MIDLAND, Mich., Oct. 23, 2025 /PRNewswire/ -- Dow (NYSE: DOW):Â 3Q25 FINANCIAL HIGHLIGHTS SUMMARY FINANCIAL RESULTSÂ | Three Months Ended Sep 30 | Three Months Ended Jun 30 | | | | | | --- | --- | --- | --- | --- | --- | | | | | vs. | | vs. | | | | | SQLY | | PQ | | In millions, except per share amounts | 3Q25 | 3Q24 | | 2Q25 | | | | | | [B / | | [B / | | | | | (W)] | | (W)] | | Net Sales | $9,973 | $10,879 | $(906) | $10,104 | $(131) | | GAAP Income (Loss) Net of Tax ...
From Waste to Value: New CNBC Feature Highlights Cabka’s Sustainability Innovation in Action
Globenewswire· 2025-10-23 06:50
Core Insights - Cabka N.V. is focused on transforming hard-to-recycle plastic waste into innovative Reusable Transport Packaging (RTP) and is listed on Euronext Amsterdam [1][6] - The company has launched a full campaign video in partnership with CNBC as part of the Sustainable Growth Transformation Initiative (SGTI), emphasizing its commitment to sustainability and the circular economy [2][3] Company Overview - Cabka specializes in recycling plastics from post-consumer and post-industrial waste into reusable transport packaging, enhancing logistics chain sustainability [4] - The company produces ECO products primarily for construction and road safety, made exclusively from post-consumer waste [4] Industry Position - Cabka leads the industry with an integrated approach that closes the loop from waste to recycling to manufacturing, utilizing its innovation center to maximize the use of recycled plastics [5] - The company is equipped to exploit the full value chain from waste to end-products, ensuring attractive returns [5]