AMBP Q3 Profit Jumps to $44M; $190M Boston Beer Award Still Unbooked
AMBP sits 47% above its 52-week low of $3.29.
Summary
AMBP reported Q3 2026 profit of $44 million, up from $27 million, on revenue of $1,694 million. A roughly $190 million jury award against Boston Beer is still unrecorded pending appeal, and net debt rose to $4,104 million.
Key Events · Earnings and Guidance · AMBP
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Q3 Profit Nearly Doubles
Profit for the three months ended September 30, 2026 was $44 million versus $27 million a year earlier, with basic and diluted EPS of $0.07 versus $0.04. Revenue rose 19% to $1,694 million from $1,428 million, mostly input-cost pass-through and volume/mix.
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Nine-Month Adjusted EBITDA Up 10%
Adjusted EBITDA for the nine months reached $632 million versus $573 million, including $8 million of favorable FX. Q3 Adjusted EBITDA was $213 million versus $208 million, as Europe rose 11% to $91 million while the Americas fell 3% to $122 million.
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$190M Boston Beer Award Unbooked
A jury awarded approximately $175 million in damages plus about $15 million of pre-judgment interest; Boston Beer posted a bond of approximately $198 million and appealed. Because post-trial motions and appeal are pending, no receivable is recognized on the balance sheet.
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Net Debt Rises, Cash Falls
Net debt was $4,104 million at September 30, 2026 versus $3,900 million at December 31, 2025, with available liquidity of $736 million. Cash, cash equivalents and restricted cash fell to $213 million from $522 million after $180 million of dividends and $138 million of capex.
Analysis · AMBP · Manufacturing
Profit for the third quarter nearly doubled to $44 million from $27 million a year earlier, helped by a $22 million drop in intangible amortization and lower SG&A, while nine-month Adjusted EBITDA rose 10% to $632 million. The bigger swing factor is the Boston Beer litigation: a jury awarded roughly $175 million plus about $15 million of pre-judgment interest, and Boston Beer has posted a bond of about $198 million, but because post-trial motions and an appeal are pending the company has booked none of it. Collecting that award would be worth more than half of AMBP's entire equity value, so the appeal outcome is the single largest variable in the story. Against that, net debt rose to $4,104 million from $3,900 million at year-end and cash fell to $213 million from $522 million after $180 million of dividends and $138 million of capex. All of this sits alongside the previously disclosed process by 76% owner Ardagh Holdings to explore a sale of its stake, which remains unresolved.
How filings like this one have moved
In the 30 days to Oct 22, 2026, 29.4% of the 1539 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.45%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, AMBP was trading at $4.83 on NYSE in the Manufacturing sector, with a market capitalization of approximately $2.9B. The 52-week trading range was $3.29 to $5.47. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.