What caused AMBP's Q2 earnings miss?

Ardagh Metal Packaging SA (AMBP) experienced a Q2 earnings miss, with earnings per share (EPS) coming in at $0.06, falling short of the Zacks Consensus Estimate of $0.07. Here are the key reasons for this miss:

1. **Revenue Shortfall**: The company's revenue for the quarter was $1.26 billion, which missed the Zacks Consensus Estimate by 4.77%. This decline can be attributed to lower-than-expected sales volumes and increased competitive pressures.
2. **Cost Management Issues**: Ardagh Metal Packaging faced challenges in managing costs effectively, which adversely impacted its profit margins. The company's EBITDA margin was under pressure, primarily due to increased costs for raw materials and energy, which could not be fully offset by cost-saving measures.

In summary, the Q2 earnings miss for AMBP can be attributed to a combination of lower-than-expected sales volumes, increased competitive pressures, and cost management issues.