Crown Holdings beats Q2 revenue on beverage can growth, raises FY adjusted diluted EPS guidance

Crown Holdings, Inc.

Crown Holdings, Inc.

CCK

0.00


Overview

  • Global packaging supplier's Q2 sales and adjusted EPS beat analyst expectations

  • Company repurchased $305 mln in shares during Q2, nearly 7% of shares over past year

  • Q2 results driven by 5% global beverage can volume growth and strong tinplate business


Outlook

  • Crown Holdings raises 2026 adjusted diluted EPS guidance to $8.30-$8.50 from $7.90-$8.30

  • Company expects Q3 adjusted diluted EPS in the range of $2.20 to $2.30

  • Crown Holdings expects 2026 adjusted free cash flow of at least $900 mln


Result Drivers

  • BEVERAGE CAN VOLUME - 5% global beverage can volume growth, led by double-digit gains in Asia and increases in Europe and North America, drove Q2 results

  • TINPLATE AND EQUIPMENT - Strong results in beverage can equipment and North American tinplate businesses supported segment income

  • MATERIAL COST PASS-THROUGH - Higher material costs were passed through to customers, increasing net sales


Company press release: ID:nPn60PjNqa


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q2 Sales

Beat

$3.67 bln

$3.37 bln (14 Analysts)

Q2 Adjusted EPS

Beat

$2.49

$2.16 (15 Analysts)

Q2 EPS

$2.23

Q2 Net income attributable to company

$245 mln

Q2 Income from Operations

$464 mln


Analyst Coverage

  • The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 12 "strong buy" or "buy", 5 "hold" and no "sell" or "strong sell"

  • The average consensus recommendation for the non-paper containers & packaging peer group is "buy"

  • Wall Street's median 12-month price target for Crown Holdings Inc is $129.00, about 10.1% above its July 17 closing price of $117.21

  • The stock recently traded at 14 times the next 12-month earnings vs. a P/E of 12 three months ago


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