Welcome to our dedicated page for ARD news (Ticker: ARD), a resource for investors and traders seeking the latest updates and insights on ARD stock.
Ardagh Group (ARD) is a global leader in the supply of infinitely recyclable metal and glass packaging solutions for the world’s foremost brands. Operating 65 production facilities across 16 countries, Ardagh employs over 21,000 people and boasts annualized sales of approximately $10 billion. This extensive network underscores the company's commitment to sustainability and innovation in packaging.
The company's recent achievements include its third significant investment in the 'Ardagh for Education' program. Announced on August 2, 2023, Ardagh Group will channel approximately $5 million over the next decade towards STEM education in Brazilian communities, in partnership with SESI. This initiative aims to enhance the quality of education for 200,000 primary and secondary students and provide high-quality teacher training for 2,500 educators across 200 schools in Brazil.
Additionally, in a move to bolster local economies, Ardagh Glass Packaging-North America has collaborated with Stevens Point Brewery to supply glass beer bottles locally. This partnership not only supports state economies but also reduces carbon footprints due to shorter transportation distances. Ardagh's focus on sustainable practices is evident in this collaboration, which aligns with both companies' values.
Looking ahead, Ardagh is set to showcase its extensive glass packaging portfolio at the 2024 Craft Brewers Conference/BrewExpo America in Las Vegas. With a range of sizes and finishes, Ardagh continues to meet the evolving demands of the craft brewing industry. Notably, their American-made glass bottles are crafted with a commitment to quality and sustainability.
The financial condition of Ardagh Group remains robust, with a strong sales record and strategic investments that drive both community development and business growth. The company’s engagement in various sustainability initiatives further solidifies its reputation as a responsible and forward-thinking leader in the packaging industry.
Ardagh Group S.A. (NYSE: ARD) reported a cyber security incident on May 17, 2021, leading to the shutdown of certain IT systems. The company has engaged external specialists to assist in remediation, with key systems expected to be online by the end of the month. Despite operational disruptions and delays, production in metal and glass packaging continues. The impact on revenue is acknowledged, but full-year guidance remains unchanged. The company is taking steps to enhance security and has adequate insurance for potential risks associated with the incident.
Ardagh Group S.A. (NYSE: ARD) reported Q1 2021 results with revenues of $1,774 million, up 9% from Q1 2020, driven by strong demand in both Metal and Glass Packaging. The adjusted EBITDA rose 10% to $300 million. Notably, Metal Packaging adjusted EBITDA surged 23%, while Glass Packaging adjusted EBITDA saw a decline of 8% due to higher costs and severe weather impacts. The company is on track with a $2.1 billion investment program and anticipates second-quarter adjusted EBITDA between $325-330 million. The business combination with Gores Holdings V is expected to close in Q2 2021, providing Ardagh Group with up to $3.4 billion in cash.
Ardagh Group S.A. (NYSE: ARD) has filed its annual report, including audited financial statements, with the SEC for the year ended December 31, 2020. The Form 20-F details the company's operations as a global supplier of recyclable packaging, with a significant footprint of 56 production facilities across 12 countries and over 16,000 employees. Ardagh reported sales of approximately $7 billion, highlighting its role in serving leading brands worldwide. The report is accessible online and can be requested in print for shareholders.
Ardagh Group and Gores Holdings V announced a merger to create Ardagh Metal Packaging S.A., which will be listed on the NYSE as AMBP. Ardagh will maintain an 80% ownership and receive up to $3.4 billion in cash. The combined entity has an enterprise value of approximately $8.5 billion and is projected to double its Adjusted EBITDA from $545 million in 2020 to over $1.1 billion by 2024. The transaction is expected to close in Q2 2021, subject to stockholder approval and other conditions. This move positions the new company as a leader in sustainable beverage can production.
Ardagh Group S.A. (NYSE: ARD) reported its Q4 and full-year 2020 results, revealing a 1% revenue increase to $6,731 million, driven mainly by its Metal Beverage Packaging segment, which saw a 9% revenue growth in Q4. Despite overall Adjusted EBITDA declining 2% year-over-year to $1,155 million, Q4 Adjusted EBITDA rose 5% to $281 million. The company plans to boost its Business Growth Investment program to $2.1 billion through 2024, anticipating significant growth in Metal Beverage Packaging. Future Adjusted EBITDA is projected between $1.28 - $1.30 billion for 2021.
Ardagh Group announced that as of November 3, 2020, a majority of holders of its senior notes consented to amendments proposed in a solicitation by Ardagh Packaging Finance plc and Ardagh Holdings USA Inc. The amendments involve changes to the indenture related to $400 million of 4.750% senior notes due 2027. The Supplemental Indenture, executed on November 3, became effective immediately but will only operate upon full payment of the Consent Payment. Holders cannot revoke their consents post-effective time.
Ardagh Group announced a consent solicitation on October 23, 2020, seeking approvals from holders of its 4.750% Senior Notes due 2027 to amend the existing indenture. The Proposed Amendments aim to standardize covenants across its debt securities, enhancing covenant compliance monitoring. Holders providing valid consents by November 5, 2020, will receive 1% of the aggregate principal amount of Notes held. The company anticipates executing a supplemental indenture after receiving the necessary consents.
Ardagh Group S.A. (NYSE: ARD) reported a 4% year-over-year revenue increase in Q3 2020, reaching $1,800 million. Profit for the period was $43 million, marking a significant recovery from a loss of $29 million in 2019. Adjusted EBITDA rose to $330 million, a 3% increase. The company's $250 million Business Growth Investment program is on track, with over $1.8 billion planned for organic growth from 2021 to 2024, primarily in Metal Beverage Packaging. Cash and liquidity stood at $1.9 billion at the end of September 2020, bolstering the company’s financial stability amidst ongoing COVID-19 challenges.
EcoVadis has awarded Ardagh a Gold certification for sustainability performance for the fifth consecutive year, placing them in the top 5% of assessed companies. This recognition reflects Ardagh's increased sustainability score and commitment to social and environmental measures. Additionally, Ardagh has joined the European Union's Clean Hydrogen Alliance, paving the way for advancements in hydrogen technologies to meet the EU's carbon neutrality goals by 2050. With over 16,000 employees and global sales of approximately $7bn, Ardagh aims to be a leader in sustainable packaging.
FAQ
What does Ardagh Group do?
How many employees does Ardagh Group have?
What is the 'Ardagh for Education' program?
What recent partnerships has Ardagh Group announced?
How many production facilities does Ardagh Group operate?
What are Ardagh Group's annualized sales?
How is Ardagh Group contributing to sustainability?
What upcoming events is Ardagh Group participating in?
Where can I find more information about Ardagh Group’s products?
What is SESI’s role in the 'Ardagh for Education' initiative?
