| IP |
Report |
Operating EBITDA |
BEAT |
pred ~$548M vs. cons $539.5M |
MEDIUM |
| IP |
Report |
North American packaging volume |
IN-LINE |
pred ~3.50M short tons vs. cons 3.471M |
MEDIUM |
| IP |
Report |
EMEA packaging volume |
MISS |
pred ~1.83M short tons vs. cons 1.856M |
MEDIUM |
| IP |
Guide |
FY26 operating EBITDA |
BETTER |
guide ~$3.20B-$3.50B vs. cons $3.234B |
MEDIUM |
| IP |
Guide |
FY26 free cash flow |
BETTER |
guide ~$300M-$500M vs. cons $344M |
MEDIUM |
| IP |
Guide |
H2 pricing / EMEA margin commentary |
UNCHANGED |
reiterate recovery bridge; no material tone upgrade |
LOW |
| IP |
Return |
Day-1 residual (stock − beta × S&P 500) |
-2.5% |
— |
LOW |
| IP |
Return |
5-day cumulative residual |
-4.0% (FOLLOW-THROUGH) |
FOLLOW-THROUGH — no FY raise against a high bar |
LOW |