{
  "report_rows": [
    {
      "kpi": "Q2 2026 adjusted EBITDA \u2014 enterprise",
      "prediction": "IN-LINE",
      "answer": "pred ~$536M vs. cons $535M",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "Q2 2026 Packaging Solutions North America adjusted EBITDA",
      "prediction": "BEAT",
      "answer": "pred ~$390M vs. cons $386M",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "Q2 2026 Packaging Solutions EMEA adjusted EBITDA",
      "prediction": "MISS",
      "answer": "pred ~$156M vs. cons $159M",
      "confidence": "MEDIUM"
    }
  ],
  "guide_rows": [
    {
      "kpi": "Adjusted EBITDA \u2014 enterprise",
      "prediction": "LOWER",
      "answer": "guide ~$3.33B vs. cons $3.41B (FY2026)",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "Free cash flow",
      "prediction": "LOWER",
      "answer": "guide ~$0.40B vs. cons $0.56B (FY2026)",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "Adjusted EBITDA ambition \u2014 enterprise",
      "prediction": "BETTER",
      "answer": "guide ~$5.00B vs. cons $4.26B (FY2027)",
      "confidence": "LOW"
    }
  ],
  "day1_residual_pct": -4.2,
  "day1_confidence": "MEDIUM",
  "day5_residual_pct": -6.5,
  "day5_path": "FOLLOW-THROUGH",
  "day5_rationale": "FY2026 guide midpoint ~$3.33B vs. cons $3.41B implies negative second-half estimate revisions despite broadly in-line Q2 results; the reiterated FY2027 ambition of ~$5.00B vs. cons $4.26B is too distant and execution-dependent to prevent follow-through after the pre-earnings rally.",
  "day5_confidence": "MEDIUM"
}