Packaging business AMC delivered a mixed result. The stock opened unchanged, drifting lower through the day to close down -3.0%.
- AMC FY Net Sales of $13.64bn, Est $13.76bn.
- 4Q ADJ EPS 21.1c v Est 20.4c and Net Sales of $3.54bn.
- AMC sees 2025 Fre Cash Flow of $900mn to $$1bn.
- AMC sees 2025 Adj. EPS of 72—76c, which is no surprise, with estimates of 74c.
It was a glass-half-empty day for AMC, with investors focusing on the disappointing drop in net sales but overall an uninspiring result.
- We saw nothing in AMC’s result that inspired MM to consider AMC.
MM is neutral towards AMC
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