, /PRNewswire/ -- Crown Holdings, Inc. (NYSE: CCK) today announced its financial results for the third quarter ended September 30, 2026.
Highlights
Third Quarter
Diluted earnings per share of $2.08 versus $1.85 in 2025 Adjusted diluted earnings per share increased 7% to $2.39 compared to $2.24 in 2025 Global beverage can volumes increased 6% Net leverage ratio of 2.5x adjusted EBITDA 2026 Outlook
Full year guidance range for adjusted diluted earnings per share is $8.35 to $8.45 with adjusted free cash flow of at least $950 million Commenting on the quarter, Timothy J. Donahue, Chairman, President and Chief Executive Officer, stated, "The Company performed well during the third quarter, continuing its pace for another exceptional year in 2026. Robust global beverage can volumes helped offset the majority of rising input cost pressures. Global beverage can shipments advanced by more than 6% in the quarter, driven by double-digit gains in Asia, a 6% increase in North America and 4% growth across Europe.
"The outlook for continued long-term growth of beverage can demand remains robust as customers and consumers increasingly recognize aluminum cans as the most sustainable and responsible packaging choice. Cans continue to be the preferred format for brands across both alcoholic and non-alcoholic beverage categories, including many new product introductions worldwide. Previously announced capacity expansion projects in Brazil, Greece and Spain are on plan and will support continued customer needs. During September, groundbreaking commenced on the construction of a beverage can plant in the northern Indian state of Uttar Pradesh, marking Crown's entry into one of the world's fastest growing beverage markets with commercial start-up expected in the first quarter of 2028.
"During the quarter, the Company repurchased $81 million of its common stock and has acquired nearly 6% of its outstanding shares over the past twelve months. We remain confident in the Company's long-term prospects and in our ability to generate significant free cash flow. We remain steadfast in our approach to balanced capital allocation, with investment in attractive organic growth opportunities and returns to shareholders supported by our strong balance sheet."
Net sales in the third quarter were $3,711 million compared to $3,202 million in the third quarter of 2025 reflecting higher global beverage can shipments and the pass-through of $405 million in higher material costs.
Income from operations was $442 million in the third quarter of 2026 compared to $423 million in the third quarter of 2025. Segment income in the third quarter of 2026 was $484 million compared to $490 million in the prior year third quarter, as the contribution from higher global beverage can shipments was offset by input cost inflation.
Net income attributable to Crown Holdings in the third quarter of 2026 was $225 million compared to $214 million in the third quarter of 2025. Reported diluted earnings per share were $2.08 in the third quarter of 2026 compared to $1.85 in 2025 and adjusted diluted earnings per share were $2.39 compared to $2.24 in 2025.
Nine Month Results
Net sales for the first nine months of 2026 were $10,638 million compared to $9,238 million in the first nine months of 2025, reflecting the pass-through of $1,034 million in higher material costs, higher global beverage can shipments and favorable foreign currency translation of $102.
Income from operations was $1,271 million in the first nine months of 2026 compared to $1,179 million in the first nine months of 2025. Segment income in the first nine months of 2026 was $1,390 million compared to $1,364 million in the prior year period driven by 6% higher global beverage can shipments partially offset by input cost inflation.
Net income attributable to Crown Holdings in the first nine months of 2026 was $645 million compared to $588 million in the first nine months of 2025. Reported diluted earnings per share were $5.85 compared to $5.06 in 2025. Adjusted diluted earnings per share were $6.72 compared to $6.05 in 2025.
Outlook
Kevin C. Clothier, Senior Vice President and Chief Financial Officer, commented, "With our strong year-to-date performance and continued cash generation, Crown is on track to deliver another year of solid earnings and free cash flow. We expect full year adjusted diluted earnings per share to be in the range of $8.35 to $8.45 and adjusted free cash flow to be at least $950 million after capital spending of approximately $550 million. We expect fourth quarter adjusted diluted earnings per share to be in the range of $1.63 to $1.73. With our strong balance sheet and net leverage of 2.5 times, we remain well positioned to invest in attractive organic growth opportunities and return capital to shareholders."
Non-GAAP Measures
Segment income, adjusted free cash flow, net debt, adjusted net leverage ratio, adjusted net income, the adjusted effective tax rate, adjusted diluted earnings per share, net interest expense, EBITDA and adjusted EBITDA are not defined terms under U.S. generally accepted accounting principles (non-GAAP measures). Non-GAAP measures should not be considered in isolation or as a substitute for income from operations, cash flow, leverage ratio, net income, effective tax rates, diluted earnings per share or interest expense and interest income prepared in accordance with U.S. GAAP and may not be comparable to calculations of similarly titled measures by other companies.
The Company views segment income as the principal measure of the performance of its operations and adjusted free cash flow and adjusted net leverage ratio as the principal measures of its liquidity. The Company considers all of these measures in the allocation of resources. Adjusted free cash flow has certain limitations, however, including that it does not represent the residual cash flow available for discretionary expenditures since other non-discretionary expenditures, such as mandatory debt service requirements, are not deducted from the measure. The amount of mandatory versus discretionary expenditures can vary significantly between periods. The Company believes that adjusted free cash flow and adjusted net leverage ratio provide meaningful measures of liquidity and a useful basis for assessing the Company's ability to fund its activities, including the financing of acquisitions, debt repayments, share repurchases or dividends. The Company believes that adjusted net income, segment income, the adjusted effective tax rate and adjusted diluted earnings per share are useful in evaluating the Company's operations as these measures are adjusted for items that affect comparability between periods. Segment income, adjusted free cash flow, net debt, adjusted net leverage ratio, adjusted net income, the adjusted effective tax rate, adjusted diluted earnings per share, net interest expense, EBITDA and adjusted EBITDA are derived from the Company's Consolidated Statements of Operations, Cash Flows and Consolidated Balance Sheets, as applicable, and reconciliations to segment income, adjusted free cash flow, net debt, adjusted net leverage ratio, adjusted net income, the adjusted effective tax rate, adjusted diluted earnings per share and adjusted EBITDA can be found within this release. Reconciliations of estimated adjusted diluted earnings per share, adjusted free cash flow, the adjusted effective tax rates and adjusted net leverage ratio for the fourth quarter and full year of 2026 to estimated diluted earnings per share, operating cash flow, the effective tax rate and income from operations on a GAAP basis are not provided in this release due to the unavailability of estimates of the following, the timing and magnitude of which the Company is unable to reliably forecast without unreasonable efforts, which are excluded from estimated adjusted diluted earnings per share, the adjusted effective tax rates and adjusted net leverage ratio, and could have a significant impact on earnings per share, the effective tax rate and income from operations on a GAAP basis: gains or losses on the sale of businesses or other assets, restructuring and other costs, asset impairment charges, asbestos-related charges, losses from early extinguishment of debt, pension settlement and curtailment charges, the tax and noncontrolling interest impact of the items above, and the impact of tax law changes or other tax matters.
Conference Call
The Company will hold a conference call tomorrow, October 20, 2026, at 9:00 a.m. (EDT) to discuss this news release. Forward-looking and other material information may be discussed on the conference call. The dial-in numbers for the conference call are 630-395-0194 or toll-free 888-324-8108 and the access password is "packaging." A live webcast of the call will be made available to the public on the internet at the Company's website, www.crowncork.com. A replay of the conference call will be available for a one-week period ending at midnight on October 27, 2026. The telephone numbers for the replay are 203-369-0896 or toll free 866-427-6407.
Cautionary Note Regarding Forward-Looking Statements
Except for historical information, all other information in this press release consists of forward-looking statements. These forward-looking statements involve a number of risks, uncertainties and other factors, including expected levels of capital expenditures, free cash flow and earnings; the Company's ability to continue to operate its plants, distribute its products, and maintain its supply chain, including any impact of the ongoing Middle East conflict; the Company's ability to complete the projects in Brazil, Greece, Spain and Northern India; the future impact of currency translation; the continuation of performance and market trends in 2026, including consumer preference for beverage cans and global beverage can demand; the future impact of inflation, including the potential for higher interest rates and energy and transportation prices and the Company's ability to recover raw material and other inflationary costs, including tariffs and retaliatory trade measures; future demand for food cans; the Company's ability to deliver continuous operational improvement and future demand in the Transit Packaging segment that may cause actual results to be materially different from those expressed or implied in the forward-looking statements. Important factors that could cause the statements made in this press release or the actual results of operations or financial condition of the Company to differ are discussed under the caption "Forward Looking Statements" in the Company's Form 10-K Annual Report for the year ended December 31, 2025 and in subsequent filings made prior to or after the date hereof. The Company does not intend to review or revise any particular forward-looking statement in light of future events.
Crown Holdings, Inc., through its subsidiaries, is a leading global supplier of rigid packaging products to consumer marketing companies, as well as transit and protective packaging products, equipment and services to a broad range of end markets. World headquarters are located in Tampa, Florida.
For more information, contact:
Kevin C. Clothier, Senior Vice President and Chief Financial Officer, (215) 698-5281
Thomas T. Fischer, Vice President, Investor Relations and Corporate Affairs, (215) 552-3720
Unaudited Consolidated Statements of Operations, Balance Sheets, Statements of Cash Flows, Segment Information and Supplemental Data follow.
Consolidated Statements of Operations (Unaudited)
(in millions, except share and per share data)
Three Months Ended
September 30,
Nine Months Ended
September 30,
2026
2025
2026
2025
Net sales
$ 3,711
$ 3,202
$ 10,638
$ 9,238
Cost of products sold
2,987
2,478
8,522
7,176
Depreciation and amortization
115
116
349
340
Selling and administrative expense
159
155
484
468
Restructuring and other
8
30
12
75
Income from operations (1)
442
423
1,271
1,179
Loss on debt extinguishment
3
1
Other pension and postretirement
5
5
15
9
Foreign exchange
2
8
2
19
Earnings before interest and taxes
435
410
1,251
1,150
Interest expense
97
101
299
303
Interest income
(10)
(13)
(36)
(40)
Income from operations before income taxes
348
322
988
887
Provision for income taxes
89
84
248
208
Equity earnings
2
1
3
3
Net income
261
239
743
682
Net income attributable to noncontrolling interests
36
25
98
94
Net income attributable to Crown Holdings
$ 225
$ 214
$ 645
$ 588
Earnings per share attributable to Crown Holdings
common shareholders:
Basic
$ 2.09
$ 1.86
$ 5.88
$ 5.08
Diluted
$ 2.08
$ 1.85
$ 5.85
$ 5.06
Weighted average common shares outstanding:
Basic
107,783,638
115,243,289
109,692,830
115,743,257
Diluted
108,322,780
115,701,558
110,277,803
116,220,619
Actual common shares outstanding at quarter end
108,051,952
115,347,894
108,051,952
115,347,894
(1) Reconciliation from income from operations to segment income follows.
Consolidated Supplemental Financial Data (Unaudited)
(in millions)
Reconciliation from Income from Operations to Segment Income
The Company views segment income, as defined below, as a principal measure of performance of its operations and for the allocation of resources. Segment income is defined by the Company as income from operations adjusted to exclude intangibles amortization charges and provisions for restructuring and other.
Three Months Ended
September 30,
Nine Months Ended
September 30,
2026
2025
2026
2025
Income from operations
$ 442
$ 423
$ 1,271
$ 1,179
Intangibles amortization
34
37
107
110
Restructuring and other
8
30
12
75
Segment income
$ 484
$ 490
$ 1,390
$ 1,364
Segment Information
Net Sales
Three Months Ended
September 30,
Nine Months Ended
September 30,
2026
2025
2026
2025
Americas Beverage
$ 1,700
$ 1,417
$ 4,929
$ 4,142
European Beverage
772
658
2,095
1,805
Asia Pacific
321
259
955
794
Transit Packaging
520
517
1,553
1,525
Other (1)
398
351
1,106
972
Total net sales
$ 3,711
$ 3,202
$ 10,638
$ 9,238
Segment Income
Americas Beverage
$ 259
$ 255
$ 734
$ 759
European Beverage
109
109
302
273
Asia Pacific
46
44
151
141
Transit Packaging
60
70
181
202
Other (1)
51
51
150
115
Corporate and other unallocated items
(41)
(39)
(128)
(126)
Total segment income
$ 484
$ 490
$ 1,390
$ 1,364
(1)
Includes the Company's North America tinplate businesses: food can, aerosol can and closures, and beverage tooling and equipment operations in the U.S. and United Kingdom.
Consolidated Supplemental Data (Unaudited)
(in millions, except per share data)
Reconciliation from Net Income and Diluted Earnings Per Share to Adjusted Net Income and Adjusted Diluted Earnings Per Share
The following table reconciles reported net income and diluted earnings per share attributable to the Company to adjusted net income and adjusted diluted earnings per share, as used elsewhere in this release.
Three Months Ended
September 30,
Nine Months Ended
September 30,
2026
2025
2026
2025
Net income/diluted earnings per share attributable
to Crown Holdings, as reported
$225
$ 2.08
$214
$1.85
$645
$5.85
$588
$5.06
Intangibles amortization (1)
34
0.31
37
0.32
107
0.97
110
0.95
Restructuring and other (2)
8
0.07
30
0.26
12
0.11
75
0.64
Loss on debt extinguishment
3
0.03
1
0.01
Other pension and postretirement (3)
(5)
(0.04)
Income taxes (4)
(8)
(0.07)
(14)
(0.12)
(25)
(0.23)
(58)
(0.50)
Noncontrolling interests (5)
(8)
(0.07)
(1)
(0.01)
(8)
(0.07)
Adjusted net income/diluted earnings per share
$259
$ 2.39
$259
$2.24
$741
$6.72
$703
$6.05
Effective tax rate as reported
25.6 %
26.1 %
25.1 %
23.4 %
Adjusted effective tax rate
24.9 %
25.2 %
24.6 %
24.9 %
Adjusted net income, adjusted diluted earnings per share and the adjusted effective tax rate are non-GAAP measures and are not meant to be considered in isolation or as a substitute for net income, diluted earnings per share and effective tax rates determined in accordance with U.S. generally accepted accounting principles. The Company believes these non-GAAP measures provide useful information to evaluate the performance of the Company's ongoing business.
(1)
In the third quarter and first nine months of 2026, the Company recorded charges of $34 million ($27 million net of tax) and $107 million ($83 million net of tax) for intangibles amortization arising from prior acquisitions. In the third quarter and first nine months of 2025, the Company recorded charges of $37 million ($28 million net of tax) and $110 million ($84 million net of tax) for intangibles amortization arising from prior acquisitions.
(2)
In the third quarter and first nine months of 2026, the Company recorded net restructuring and other charges of $8 million ($7 million net of tax) and $12 million ($12 million net of tax). In the third quarter and first nine months of 2025, the Company recorded net restructuring and other charges of $30 million ($30 million net of tax) and $75 million ($70 million net of tax) primarily related to asset impairment charges in Asia Pacific, severance costs in the Transit Packaging segment and a reserve for a legal dispute.
(3)
In the third quarter of 2025, the Company recorded a pension settlement gain of $5 million ($4 million net of tax), related to repayment of the contribution the Company made in 2021 to settle the U.K. defined pension plan.
(4)
The Company recorded income tax benefits of $8 million and $25 million in the third quarter and first nine months of 2026, primarily related to the items described above. The Company recorded income tax benefits of $14 million and $58 million in the third quarter and first nine months of 2025, primarily related to an income tax benefit of $22 million from an internal reorganization in the first quarter of 2025 and the items described above.
(5)
In the first nine months of 2026 and the third quarter and first nine months of 2025, the Company recorded noncontrolling interest related to the items described above.
Consolidated Statements of Cash Flows (Condensed & Unaudited)
(in millions)
Nine Months Ended September 30,
2026
2025
Cash flows from operating activities
Net income
$ 743
$ 682
Depreciation and amortization
349
340
Restructuring and other
12
75
Pension and postretirement expense
30
24
Pension contributions
(4)
21
Stock-based compensation
34
37
Loss on debt extinguishment
3
1
Working capital changes and other
(102)
(137)
Net cash provided by operating activities
1,065
1,043
Cash flows from investing activities
Capital expenditures
(310)
(181)
Other
9
60
Net cash used for investing activities
(301)
(121)
Cash flows from financing activities
Net change in debt
(10)
(172)
Bond issuance costs
(13)
(10)
Dividends paid to shareholders
(115)
(90)
Common stock repurchased
(598)
(314)
Dividends paid to noncontrolling interests
(51)
(84)
Other, net (1)
(101)
(10)
Net cash used for financing activities
(888)
(680)
Effect of exchange rate changes on cash and cash equivalents
7
20
Net change in cash and cash equivalents
(117)
262
Cash and cash equivalents at January 1
879
1,016
Cash, cash equivalents and restricted cash at September 30 (2)
$ 762
$ 1,278
(1)
Primarily consists of payments for assets financed in 2025.
(2)
Cash and cash equivalents include $133 million and $106 million of restricted cash at September 30, 2026 and 2025.
Adjusted free cash flow is defined by the Company as net cash from operating activities less capital expenditures and certain other items. A reconciliation of net cash used for operating activities to adjusted free cash flow for the three and nine months ended September 30, 2026 and 2025 follows.
Three Months Ended
September 30,
Nine Months Ended
September 30,
2026
2025
2026
2025
Net cash provided by operating activities
$ 406
$ 580
$ 1,065
$ 1,043
Interest included in investing activities (3)
12
16
25
Capital expenditures
(107)
(92)
(310)
(181)
Adjusted free cash flow
$ 299
$ 500
$ 771
$ 887
(3)
Interest benefit of cross currency swaps included in investing activities.
Consolidated Supplemental Data (Unaudited)
(in millions)
Impact of Foreign Currency Translation – Favorable/(Unfavorable) (1)
Three Months Ended
September 30, 2026
Nine Months Ended
September 30, 2026
Net Sales
Segment
Income
Net Sales
Segment
Income
Americas Beverage
$ 4
$ (2)
$ 20
$ (5)
European Beverage
(2)
50
8
Asia Pacific
11
1
Transit Packaging
(6)
(1)
19
4
Corporate and Other
2
$ (4)
$ (3)
$ 102
$ 8
(1)
The impact of foreign currency translation represents the difference between actual current year U.S. dollar results and pro forma amounts assuming constant foreign currency exchange rates for translation in both periods. In order to compute the difference, the Company compares actual U.S. dollar results to an amount calculated by dividing the current U.S. dollar results by current year average foreign exchange rates and then multiplying those amounts by the applicable prior year average foreign exchange rates.
Reconciliation of Adjusted EBITDA and Adjusted Net Leverage Ratio
Analytici očekávají, že Crown Holdings ve 3. čtvrtletí vykáže EPS ve výši 2,25 USD a tržby 3,39 mld. USD, což představuje meziroční nárůst o 0,5 %, resp. 5,7 %.
Wall Street analysts expect Crown Holdings (CCK - Free Report) to post quarterly earnings of $2.25 per share in its upcoming report, which indicates a year-over-year increase of 0.5%. Revenues are expected to be $3.39 billion, up 5.7% from the year-ago quarter.
The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.
Before a company announces its earnings, it is essential to take into account any changes made to earnings estimates. This is a valuable factor in predicting the potential reactions of investors toward the stock. Empirical research has consistently shown a strong correlation between trends in earnings estimate revisions and the short-term price performance of a stock.
While investors typically use consensus earnings and revenue estimates as indicators of quarterly business performance, exploring analysts' projections for specific key metrics can offer valuable insights.
That said, let's delve into the average estimates of some Crown metrics that Wall Street analysts commonly model and monitor.
The combined assessment of analysts suggests that 'External Sales- Americas Beverage' will likely reach $1.60 billion. The estimate indicates a change of +13.3% from the prior-year quarter.
Analysts predict that the 'External Sales- European Beverage' will reach $681.57 million. The estimate points to a change of +3.6% from the year-ago quarter.
Analysts forecast 'External Sales- Transit Packaging' to reach $522.76 million. The estimate points to a change of +1.1% from the year-ago quarter.
According to the collective judgment of analysts, 'External Sales- Other segments' should come in at $365.29 million. The estimate indicates a year-over-year change of +4.1%.
The average prediction of analysts places 'External Sales- Asia Pacific' at $283.63 million. The estimate indicates a year-over-year change of +9.5%.
Based on the collective assessment of analysts, 'Segment Income- Americas Beverage' should arrive at $259.49 million. Compared to the present estimate, the company reported $255.00 million in the same quarter last year.
The consensus estimate for 'Segment Income- European Beverage' stands at $111.49 million. Compared to the present estimate, the company reported $109.00 million in the same quarter last year.
It is projected by analysts that the 'Segment Income- Transit Packaging' will reach $66.80 million. Compared to the present estimate, the company reported $70.00 million in the same quarter last year.
Analysts expect 'Segment Income- Other segments' to come in at $39.22 million. Compared to the current estimate, the company reported $51.00 million in the same quarter of the previous year.
The collective assessment of analysts points to an estimated 'Segment Income- Asia Pacific' of $43.17 million. Compared to the present estimate, the company reported $44.00 million in the same quarter last year.
View all Key Company Metrics for Crown here>>>
Shares of Crown have experienced a change of -2.1% in the past month compared to the +2.1% move of the Zacks S&P 500 composite. With a Zacks Rank #2 (Buy), CCK is expected to outperform the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
Společnost Crown (CCK) má zveřejnit výsledky za 3. čtvrtletí 2026 po uzavření trhu 19. října; analytici očekávají zisk 2,26 USD na akcii a tržby ve výši 3,45 miliardy USD.
Crown (NYSE:CCK – Get Free Report) is expected to be announcing its Q3 2026 results after the market closes on Monday, October 19th. Analysts expect the company to post earnings of $2.26 per share and revenue of $3.45 billion for the quarter. Crown has set its Q3 2026 guidance at 2.200-2.30 EPS and its FY 2026 guidance at 8.300-8.50 EPS. Individuals may visit the company’s upcoming Q3 2026 earnings summary page for the latest details on the call scheduled for Tuesday, October 20, 2026 at 9:00 AM ET.
Crown (NYSE:CCK – Get Free Report) last issued its quarterly earnings results on Monday, July 20th. The industrial products company reported $2.49 earnings per share for the quarter, topping analysts’ consensus estimates of $2.16 by $0.33. Crown had a return on equity of 27.33% and a net margin of 5.91%. The firm had revenue of $3.67 billion during the quarter, compared to the consensus estimate of $3.37 billion. During the same period last year, the business posted $2.15 EPS. The business’s revenue was up 16.5% compared to the same quarter last year. On average, analysts expect Crown to post $8.39 EPS for the current fiscal year and $9.05 EPS for the next fiscal year.
Crown Stock Performance CCK stock opened at $108.20 on Monday. The stock has a 50-day moving average price of $114.02 and a 200-day moving average price of $107.82. Crown has a 1-year low of $89.21 and a 1-year high of $122.91. The company has a current ratio of 1.05, a quick ratio of 0.65 and a debt-to-equity ratio of 1.63. The firm has a market cap of $11.77 billion, a PE ratio of 15.57, a price-to-earnings-growth ratio of 1.46 and a beta of 0.56.
Crown Announces Dividend The firm also recently announced a quarterly dividend, which was paid on Thursday, August 20th. Investors of record on Thursday, August 6th were given a dividend of $0.35 per share. The ex-dividend date was Thursday, August 6th. This represents a $1.40 annualized dividend and a dividend yield of 1.3%. Crown’s dividend payout ratio is presently 20.14%. Analyst Ratings Changes Several equities research analysts recently commented on CCK shares. Jefferies Financial Group set a $121.00 target price on Crown in a research note on Wednesday, July 22nd. BMO Capital Markets lifted their target price on Crown from $130.00 to $135.00 and gave the stock an “outperform” rating in a report on Wednesday, July 22nd. JPMorgan Chase & Co. raised Crown from a “neutral” rating to an “overweight” rating and set a $121.00 price target on the stock in a research note on Friday, September 18th. Truist Financial reissued a “buy” rating and issued a $141.00 price target (up from $129.00) on shares of Crown in a research note on Wednesday, July 22nd. Finally, Citigroup restated a “buy” rating on shares of Crown in a report on Thursday, July 23rd. Twelve investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $127.73.
View Our Latest Analysis on Crown
About Crown (Get Free Report)
Crown Holdings, Inc (NYSE: CCK) is a global manufacturer of packaging products. The company primarily produces metal beverage cans and ends, food cans, aerosol cans, and metal closures used for beverages, food, household products, personal care items, and other consumer goods.
Crown also provides transit packaging solutions, including protective packaging systems and materials used to secure and transport industrial and consumer products. Its customers include beverage, food, household products, personal care, and industrial companies.
The company traces its history to 1892, when it was founded as Crown Cork & Seal Company following the development of the crown cork bottle closure.
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Crown Holdings by měl ve 3. čtvrtletí vykázat zisk 2,26 USD na akcii a tržby ve výši 3,45 mld. USD, oproti 2,24 USD na akcii a 3,2 mld. USD ve stejném období loňského roku.
Crown Holdings, Inc. (NYSE:CCK) will release earnings for its third quarter after the closing bell on Monday, Oct. 19.
Analysts expect the Tampa, Florida-based company to report quarterly earnings of $2.26 per share, up from $2.24 per share in the year-ago period. The consensus estimate for CCK’s quarterly revenue is $3.45 billion. It reported $3.2 billion last year, according to Benzinga Pro.
On July 20, Crown Holdings reported better-than-expected second-quarter financial results and raised its FY26 earnings guidance.
Crown Holdings shares gained 1.7% to close at $108.88 on Thursday.
Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.
Let’s have a look at how Benzinga’s most-accurate analysts have rated the company in the recent period.
UBS analyst Joshua Spector maintained a Neutral rating and cut the price target from $123 to $116 on Oct. 5, 2026. This analyst has an accuracy rate of 60%. JP Morgan analyst Jeffrey Zekauskas upgraded the stock from Neutral to Overweight with a price target of $121 on Sept. 18, 2026. This analyst has an accuracy rate of 65%. RBC Capital analyst Arun Viswanathan maintained the stock with an Outperform rating and raised the price target from $131 to $135 on July 24, 2026. This analyst has an accuracy rate of 52%. Wells Fargo analyst Gabe Hajde maintained an Equal-Weight rating and raised the price target from $117 to $127 on July 22, 2026. This analyst has an accuracy rate of 77%. Truist Securities analyst Michael Roxland maintained the stock with a Buy rating and increased the price target from $129 to $141 on July 22, 2026. This analyst has an accuracy rate of 54%. Considering buying CCK stock? Here’s what analysts think:
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Crown Castle čeká, že AI zvýší mobilní datový provoz a podpoří další investice do sítí a věží. Firma zároveň vidí jako tahouny budoucí poptávky i obchody s frekvenčním spektrem a aukce.
Space Race Meets Ground Reality for Tower REITsCrown Castle NYSE: CCI Executive Vice President and Chief Financial Officer Sunit Patel said artificial intelligence is expected to be a “clear positive” for mobile data demand, potentially supporting additional network investment and tower activity over the coming years.
Speaking at an investor event hosted by RBC analyst Jon Atkin, Patel said AI applications could alter the mix of mobile network traffic by increasing the amount of data uploaded from devices and infrastructure. Historically, mobile and home-network traffic has been weighted toward downloads, at roughly 80% download and 20% upload, he said. Research suggests that mix could shift toward 60% download and 40% upload.
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3 Infrastructure Stocks Built Around the Backbone of the Economy“A lot of Physical AI will rest on mobile data traffic transmission,” Patel said, adding that AI also requires more information to be gathered and transmitted for inference purposes.
AI Could Support Larger Network Deployments Patel said rising data volumes generally require more power, which can translate into larger antenna and radio installations. While equipment manufacturers continue to shrink radios and antennas, mobile network operators have historically occupied more space on Crown Castle’s towers as network requirements have grown, according to Patel.
Tap Into 2026 AI Infrastructure Gains With This High-Growth ETFHe said urban and suburban markets are likely to see earlier and greater benefits from AI-driven mobile traffic demand than rural areas, though he characterized the opportunity as broad-based.
On edge computing, Patel said Crown Castle is focused on applications below one megawatt of power. The company has 40,000 towers, each with fiber and power connections, and can lease available horizontal space at tower sites to customers deploying equipment.
“The way to think about it is it’s having one more tenant like we have on the towers,” Patel said. Customers would provide and pay for their own power and computing equipment, he said.
Patel described Crown Castle’s edge-computing activity as an early-stage trial. Potential applications for lower-power deployments could include inference, quantum computing and cybersecurity, he said.
Spectrum Activity Seen as a Tailwind Patel said Crown Castle continues to expect 2026 to represent a low point for its U.S. site-rental leasing activity, with improvement expected thereafter. He cited recent spectrum transactions and upcoming auctions as potential sources of future tower demand.
AT&T’s purchases of low-band 600 MHz spectrum and 3.45 GHz spectrum, as well as Verizon’s acquisition of AWS spectrum, could support deployments, he said. Patel noted that lower-frequency spectrum can require large equipment installations; radios and antennas for 600 MHz deployments can exceed 6 feet in height.
He also pointed to an upper C-band auction expected to conclude by July of next year, involving approximately 165 MHz of spectrum around the 4 GHz range. Higher-frequency spectrum can require either network densification or more powerful radio and antenna structures on existing macro towers because of lower signal propagation, Patel said.
He added that spectrum expected to support future 6G applications could also benefit the tower sector.
Margin Initiatives and Ground-Lease Buyouts Patel said Crown Castle has “fairly aggressive ambitions” for margin expansion and is pursuing several operational initiatives. On the tower side, the company reduced its workforce by 20% at the beginning of the year, he said.
The company is also modernizing its information-technology infrastructure. Crown Castle deployed two operations systems this year and plans to deploy customer lifecycle management and human-capital management systems next year, followed by an enterprise resource planning system the year after that, Patel said.
Those systems are intended to improve efficiency, productivity and cycle times while reducing spending on older platforms. Patel also cited a companywide transformation program addressing headcount and non-headcount expenses.
Another focus is buying out ground leases. Patel said 70% of Crown Castle’s 40,000 towers have landlords under the sites. He said the company has stepped up its efforts to acquire those leases, particularly as power availability becomes more important.
Patel said Crown Castle has stated it expects to improve margins by 200 basis points from its guidance for this year through 2030.
Satellite and Capital Allocation Patel said satellite networks could represent an opportunity rather than a threat to Crown Castle’s business. He said satellite providers seeking to offer services comparable with mobile network operators may need macro towers to address in-building and in-vehicle coverage challenges in urban and suburban areas.
On capital allocation, Patel said Crown Castle’s dividend is $4.25 per share and that the company remains focused on maintaining investment-grade credit metrics. He said the company targets a leverage ratio of 6% to 6.5% and reported leverage of 6.3x in its most recently reported quarter.
The company also aims to pay dividends at a 75% to 80% coverage ratio of adjusted funds from operations, Patel said. While Crown Castle is currently above that range, he said growth in AFFO could support dividend growth over time.
About Crown Castle (NYSE:CCI)Crown Castle Inc NYSE: CCI is a communications infrastructure company that owns, operates and leases wireless communications assets in the United States. Its infrastructure helps wireless carriers, government agencies and other customers expand network coverage and capacity for voice, data and other wireless services.
The company's portfolio includes cell towers and fiber-based infrastructure. Crown Castle provides space on its towers for wireless equipment and offers fiber solutions that support small-cell networks, distributed antenna systems and other high-capacity communications applications.
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected].
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Corient Private Wealth LP ve 2. čtvrtletí zvýšil podíl v Crown Holdings o 10,5 % na 185 288 akcií v hodnotě 20,72 mil. USD. Crown zároveň oznámil zisk na akcii 2,49 USD a tržby 3,67 mld. USD, obojí nad odhady.
Corient Private Wealth LP lifted its position in Crown Holdings, Inc. (NYSE:CCK – Free Report) by 10.5% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 185,288 shares of the industrial products company’s stock after purchasing an additional 17,600 shares during the quarter. Corient Private Wealth LP owned 0.17% of Crown worth $20,719,000 at the end of the most recent reporting period.
A number of other hedge funds have also made changes to their positions in the company. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in Crown in the second quarter valued at about $2,896,000. California State Teachers Retirement System raised its stake in shares of Crown by 10,917.0% in the second quarter. California State Teachers Retirement System now owns 14,660,497 shares of the industrial products company’s stock valued at $1,639,337,000 after acquiring an additional 14,527,425 shares during the last quarter. AlphaGrep UK Ltd acquired a new position in shares of Crown in the 2nd quarter worth approximately $331,000. Nykredit A S acquired a new position in shares of Crown in the 2nd quarter worth approximately $99,537,000. Finally, Proficio Capital Partners LLC bought a new stake in Crown during the 2nd quarter worth approximately $394,000. Institutional investors and hedge funds own 90.93% of the company’s stock.
Crown Trading Down 0.2% Shares of CCK opened at $112.38 on Tuesday. The stock’s fifty day simple moving average is $116.60 and its 200-day simple moving average is $107.67. The firm has a market capitalization of $12.22 billion, a PE ratio of 16.17, a price-to-earnings-growth ratio of 1.58 and a beta of 0.58. Crown Holdings, Inc. has a 12-month low of $89.21 and a 12-month high of $122.91. The company has a quick ratio of 0.65, a current ratio of 1.05 and a debt-to-equity ratio of 1.63.
Crown (NYSE:CCK – Get Free Report) last announced its quarterly earnings data on Monday, July 20th. The industrial products company reported $2.49 earnings per share for the quarter, topping the consensus estimate of $2.16 by $0.33. The firm had revenue of $3.67 billion during the quarter, compared to analysts’ expectations of $3.37 billion. Crown had a return on equity of 27.33% and a net margin of 5.91%.The company’s quarterly revenue was up 16.5% compared to the same quarter last year. During the same period in the previous year, the business posted $2.15 EPS. Crown has set its Q3 2026 guidance at 2.200-2.30 EPS and its FY 2026 guidance at 8.300-8.50 EPS. As a group, research analysts predict that Crown Holdings, Inc. will post 8.39 earnings per share for the current year. Crown Dividend Announcement The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 20th. Investors of record on Thursday, August 6th were paid a dividend of $0.35 per share. The ex-dividend date of this dividend was Thursday, August 6th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.2%. Crown’s payout ratio is 20.14%.
Insiders Place Their Bets In related news, CEO Timothy Donahue sold 15,000 shares of the company’s stock in a transaction on Tuesday, June 23rd. The shares were sold at an average price of $105.00, for a total value of $1,575,000.00. Following the completion of the sale, the chief executive officer owned 436,070 shares in the company, valued at $45,787,350. This represents a 3.33% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.90% of the company’s stock.
Analyst Upgrades and Downgrades CCK has been the subject of a number of recent analyst reports. Citigroup reaffirmed a “buy” rating on shares of Crown in a report on Thursday, July 23rd. Truist Financial restated a “buy” rating and set a $141.00 target price (up from $129.00) on shares of Crown in a report on Wednesday, July 22nd. Wells Fargo & Company raised their target price on Crown from $117.00 to $127.00 and gave the company an “equal weight” rating in a research note on Wednesday, July 22nd. JPMorgan Chase & Co. cut Crown from an “overweight” rating to a “neutral” rating and lifted their price target for the company from $107.00 to $121.00 in a report on Wednesday, July 22nd. Finally, Bank of America upped their price target on shares of Crown from $129.00 to $145.00 and gave the stock a “buy” rating in a research report on Tuesday, July 14th. Eleven equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $128.20.
Check Out Our Latest Analysis on CCK
Crown Profile (Free Report)
Crown Holdings, Inc (NYSE: CCK) is a global packaging company that designs and manufactures metal packaging products for consumer goods and industrial customers. Its portfolio includes beverage cans, food cans, aerosol cans, metal closures, and other specialty packaging used for products such as beverages, food, household goods, personal care items, and industrial materials.
The company also provides transit packaging solutions, including equipment and materials used to protect and secure products during shipping.
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Společnost Crown Castle oznámila, že finanční ředitel Sunit Patel odejde do důchodu k 31. březnu 2027 po podání výroční zprávy 10-K za rok 2026; od 1. dubna 2027 jej nahradí Kris Hinson. Z funkce COO zároveň odchází Cathy Piche, a to s účinností od 23. září 2026.
HOUSTON, Sept. 14, 2026 (GLOBE NEWSWIRE) -- Crown Castle Inc. (NYSE: CCI) ("Crown Castle" or “Company”) announced today that Sunit Patel has elected to retire from Crown Castle as EVP and Chief Financial Officer (CFO) effective March 31, 2027, following the filing of the Company’s 2026 Form 10-K. Kris Hinson, who currently serves as Crown Castle’s EVP and Chief Commercial Officer, will be appointed CFO effective April 1, 2027. Cathy Piche, EVP and Chief Operating Officer (COO), will leave Crown Castle to pursue other endeavors. Ms. Piche will step down from the COO role effective September 23, 2026, and she will be available to the Company as a special advisor supporting the transition of her responsibilities until her departure on February 22, 2027. The Company has initiated a search for her replacement.
"Sunit has been a critical part of the successful transition back to our core telecom infrastructure business,” said Chris Hillabrant, Crown Castle's President and Chief Executive Officer. “We’ve relied heavily on his expertise and his steady leadership through the sale of our fiber and small cell businesses, and he has been instrumental in charting our course as a pure-play US tower company.
“Kris has tremendous financial expertise, leadership skills and a deep knowledge of our business, having led both investor- and customer-facing teams at Crown Castle. He was previously our primary contact for investors as VP-Corporate Finance and Treasurer and is currently working directly with customers as the Chief Commercial Officer. He will bring a strong understanding of what matters most to both of these key constituent groups — valuable insights as he takes on the CFO role next year.”
“Kris is highly respected across the organization and exceptionally well prepared to serve Crown Castle as CFO. I am very pleased to be turning over these responsibilities to him next year and will work closely with Kris over the next several months to ensure a smooth transition,” said Mr. Patel, CFO.
“I would like to thank Cathy for her leadership and significant contributions over her 15 years with Crown Castle,” continued Mr. Hillabrant. “As an industry leader, she has held many senior roles within the Company and throughout the industry, including serving as an Area President, Senior Vice President of Network, and Chief Operating Officer. She also currently serves as the Wireless Infrastructure Association’s Chair.”
“It has been my pleasure and honor to represent Crown Castle and work with exceptional teammates, customers and partners across our industry,” commented Ms. Piche.
About Kris Hinson
Kris Hinson currently serves as Crown Castle’s EVP and Chief Commercial Officer. Prior to this role, Mr. Hinson was VP-Corporate Finance and Treasurer, with responsibilities including investor relations, strategic planning, treasury, procurement, business analytics, sustainability and corporate facilities.
Prior to joining the company, Mr. Hinson was an executive at ExxonMobil, where he spent 13 years in a variety of finance leadership roles, most recently as Director of Investor Relations and before that as Managing Director of ExxonMobil Czech Republic and EAME Credit Manager ExxonMobil Corporation.
Kris earned an MBA from Harvard Business School and an AB in Economics from Harvard College.
CAUTIONARY LANGUAGE REGARDING FORWARD-LOOKING STATEMENTS
This press release contains forward-looking statements that are based on Crown Castle management's current expectations. Such statements include plans, projections and estimates regarding the appointment of Mr. Hinson, including, without limitation, the effective date thereof, and his expected contributions to Crown Castle. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those expected. More information about potential risk factors that could affect Crown Castle and its results is included in Crown Castle's filings with the Securities and Exchange Commission.
ABOUT CROWN CASTLE
Crown Castle owns, operates and leases approximately 40,000 cell towers across the U.S. This nationwide portfolio serves as the foundation of wireless connectivity that provides cities and communities access to essential data, technology and wireless service – bringing information, ideas, innovations and the connectivity of modern life to help people and businesses thrive. For more information on Crown Castle, please visit www.crowncastle.com.
CONTACTS
Sunit Patel, CFO
Hamilton West, VP & Treasurer
Crown Castle Inc.
713-570-3050
California State Teachers Retirement System ve 2. čtvrtletí zvýšil podíl ve společnosti Crown Holdings o 10 917,0 % na 14 660 497 akcií, tedy asi 13,48 % společnosti.
California State Teachers Retirement System raised its position in Crown Holdings, Inc. (NYSE:CCK – Free Report) by 10,917.0% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 14,660,497 shares of the industrial products company’s stock after acquiring an additional 14,527,425 shares during the period. California State Teachers Retirement System owned approximately 13.48% of Crown worth $1,639,337,000 as of its most recent filing with the Securities & Exchange Commission.
Other large investors have also made changes to their positions in the company. Root Financial Partners LLC grew its stake in Crown by 23.8% during the 4th quarter. Root Financial Partners LLC now owns 473 shares of the industrial products company’s stock worth $49,000 after buying an additional 91 shares during the last quarter. Parallel Advisors LLC increased its holdings in shares of Crown by 12.5% during the fourth quarter. Parallel Advisors LLC now owns 934 shares of the industrial products company’s stock valued at $96,000 after acquiring an additional 104 shares in the last quarter. Geneos Wealth Management Inc. raised its position in shares of Crown by 45.3% in the 1st quarter. Geneos Wealth Management Inc. now owns 356 shares of the industrial products company’s stock valued at $32,000 after purchasing an additional 111 shares during the last quarter. Siemens Fonds Invest GmbH raised its position in shares of Crown by 7.7% in the 3rd quarter. Siemens Fonds Invest GmbH now owns 1,626 shares of the industrial products company’s stock valued at $157,000 after purchasing an additional 116 shares during the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. boosted its stake in Crown by 2.1% in the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 5,838 shares of the industrial products company’s stock worth $585,000 after purchasing an additional 121 shares in the last quarter. 90.93% of the stock is owned by institutional investors and hedge funds.
Crown Stock Down 0.1% CCK stock opened at $112.67 on Friday. The company has a market capitalization of $12.25 billion, a P/E ratio of 16.21, a price-to-earnings-growth ratio of 1.58 and a beta of 0.58. Crown Holdings, Inc. has a 12 month low of $89.21 and a 12 month high of $122.91. The firm’s fifty day simple moving average is $116.62 and its 200-day simple moving average is $107.75. The company has a debt-to-equity ratio of 1.63, a current ratio of 1.05 and a quick ratio of 0.65.
Crown (NYSE:CCK – Get Free Report) last issued its earnings results on Monday, July 20th. The industrial products company reported $2.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.16 by $0.33. Crown had a net margin of 5.91% and a return on equity of 27.33%. The firm had revenue of $3.67 billion during the quarter, compared to analysts’ expectations of $3.37 billion. During the same quarter last year, the company posted $2.15 earnings per share. The firm’s revenue was up 16.5% compared to the same quarter last year. Crown has set its Q3 2026 guidance at 2.200-2.30 EPS and its FY 2026 guidance at 8.300-8.50 EPS. As a group, equities research analysts forecast that Crown Holdings, Inc. will post 8.39 earnings per share for the current year. Crown Dividend Announcement The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 20th. Stockholders of record on Thursday, August 6th were issued a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend was Thursday, August 6th. Crown’s payout ratio is 20.14%.
Insider Activity at Crown In other news, CEO Timothy Donahue sold 15,000 shares of the company’s stock in a transaction dated Tuesday, June 23rd. The stock was sold at an average price of $105.00, for a total value of $1,575,000.00. Following the sale, the chief executive officer owned 436,070 shares in the company, valued at $45,787,350. This represents a 3.33% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.90% of the stock is owned by insiders.
Wall Street Analyst Weigh In A number of research analysts have issued reports on CCK shares. Robert W. Baird upped their price target on shares of Crown from $120.00 to $130.00 and gave the company a “neutral” rating in a research note on Wednesday, July 22nd. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Crown in a research note on Wednesday, July 22nd. Truist Financial reissued a “buy” rating and issued a $141.00 target price (up from $129.00) on shares of Crown in a research report on Wednesday, July 22nd. BMO Capital Markets raised their target price on Crown from $130.00 to $135.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 22nd. Finally, Bank of America lifted their price target on Crown from $129.00 to $145.00 and gave the stock a “buy” rating in a research report on Tuesday, July 14th. Eleven equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $128.20.
Read Our Latest Analysis on CCK
Crown Company Profile (Free Report)
Crown Holdings, Inc (NYSE: CCK) is a global packaging company that designs and manufactures metal packaging products for consumer goods and industrial customers. Its portfolio includes beverage cans, food cans, aerosol cans, metal closures, and other specialty packaging used for products such as beverages, food, household goods, personal care items, and industrial materials.
The company also provides transit packaging solutions, including equipment and materials used to protect and secure products during shipping.
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Crown Holdings zahájila výstavbu své první továrny na nápojové plechovky v indickém Unnao. Závod má mít dvě linky a roční kapacitu asi 2,2 miliardy hliníkových plechovek.
, /PRNewswire/ -- Crown Holdings, Inc. (NYSE: CCK) celebrated on September 9, 2026 the groundbreaking of its first beverage can manufacturing facility in India, marking a major milestone in the Company's expansion into one of the world's fastest-growing beverage markets. The ceremony brought together Crown leaders, local government representatives, customers and guests to commemorate the start of construction on the new facility in Unnao, Uttar Pradesh.
Announced in April 2026, the state-of-the-art plant will feature two production lines with an annual capacity of approximately 2.2 billion aluminum beverage cans. Operations are scheduled to commence in the second half of 2027.
The groundbreaking ceremony, which reflected local traditions and marked the official commencement of construction, underscored Crown's long-term commitment to India and the state of Uttar Pradesh. Following the event, Crown executives had the honor of meeting with the Honorable Chief Minister of Uttar Pradesh, Shri Yogi Adityanath, to discuss the progress of the Company's investment and its vision for supporting the continued growth of the beverage industry in India. During the meeting, Crown received the official land allotment letter for the project, representing another important milestone in the development of the Company's first beverage can manufacturing facility in the country.
Djalma Novaes, Executive Vice President and Chief Operating Officer, said: "This investment reflects Crown's confidence in the future of the Indian beverage market, and the growing role of the beverage can as a sustainable packaging solution. The Unnao facility will combine advanced manufacturing technology, operational excellence and responsible resource management to support our customers' growth while creating long-term value for the region."
Designed to incorporate advanced manufacturing technologies and the highest quality and sustainability standards, the facility will support growing demand for aluminum beverage cans across both alcoholic and non-alcoholic beverage categories. The investment reinforces the Company's commitment to serving customers in high-growth markets and reflects the strong partnership Crown has established with the Government of Uttar Pradesh.
The Company continues to expect full year capital expenditures of approximately $550 million.
About Crown Holdings, Inc.
Crown Holdings, Inc., through its subsidiaries, is a leading global supplier of rigid packaging products to consumer marketing companies, as well as transit and protective packaging products, equipment and services to a broad range of end markets. World headquarters are located in Tampa, Florida. Learn more at www.crowncork.com.
For more information, contact:
Kevin C. Clothier, Senior Vice President and Chief Financial Officer, (215) 698-5281, or
Thomas T. Fischer, Vice President, Investor Relations and Corporate Affairs, (215) 552-3720
Crown Point oznámila, že koncese na těžbu uhlovodíků v oblastech Río Cullen, Las Violetas a La Angostura v argentinské provincii Tierra del Fuego, v nichž její stoprocentně vlastněná argentinská dceřiná společnost Crown Point Energia S.A. držela 48,3275% neprovozní podíl, vypršely 18. srpna 2026 a budou vypořádány a vráceny provincii. Čisté závazky z těchto koncesí firma nečeká jako významné.
CALGARY, Alberta, Aug. 27, 2026 (GLOBE NEWSWIRE) -- Crown Point Energy Inc. (TSX-V:CWV) ("Crown Point" or the "Company") announces that the hydrocarbon exploitation concessions in the Río Cullen, Las Violetas and La Angostura areas of the Province of Tierra del Fuego, Argentina (the "TDF Concessions") in which the Company's wholly-owned Argentine subsidiary, Crown Point Energia S.A. ("CPESA"), held a 48.3275% non-operating participating interest, expired on August 18, 2026.
CPESA, together with the other members of the joint venture formed to operate the TDF Concessions, has entered into an agreement with the Province of Tierra del Fuego that provides for the final settlement, closure and reversion of the TDF Concessions to the Province. CPESA will be responsible for its share of the trailing liabilities associated with the TDF Concessions (including severance costs and abandonment liabilities), which will be offset by the remaining assets associated with the TDF Concessions (including accounts receivable, materials and crude oil inventories). CPESA's trailing net liabilities associated with the TDF Concessions are not expected to be material to Crown Point.
Due to Crown Point's acquisition of operated oil and gas assets in the Golfo San Jorge basin in the Provinces of Santa Cruz and Chubut during the last several years, the TDF Concessions were not material to Crown Point. The TDF Concessions had high fixed operating costs, declining production volumes, no identified low risk economic drilling opportunities and much lower operating netbacks than the Company's corporate average. During the six-month period ended June 30, 2026, revenue from the TDF Concessions represented less than 5% of the Company's total revenue for the period.
Sproule International Limited, the Company's independent qualified reserves evaluator, evaluated the oil and natural gas reserves attributable to all of the Company's properties as at December 31, 2025 (the "Sproule ERCE Report"). The gross proved plus probable oil and gas reserves ("2P Reserves") assigned to the TDF Concessions in the Sproule ERCE Report represented less than 4% of the total 2P Reserves assigned to all of Crown Point's properties in the Sproule ERCE Report. The net present value (before tax, discounted at 10%) of the 2P Reserves ("2P NPV") assigned to the TDF Concessions in the Sproule ERCE Report represented less than 3% of the total 2P NPV assigned to all of Crown Point's properties in the Sproule ERCE Report.
For inquiries please contact: Brian J. Moss Marcos EstevesInterim President & CEO Vice-President, Finance & CFOPh: (403) 232-1150 Ph: +54 11 4776 0622Crown Point Energy Inc. Crown Point Energy [email protected][email protected] Website: www.crownpointenergy.com About Crown Point
Crown Point Energy Inc. is an international oil and gas exploration and development company headquartered in Buenos Aires, Argentina, incorporated in Canada, trading on the TSX Venture Exchange and operating in Argentina. Crown Point’s exploration and development activities are focused in three producing basins in Argentina, the Golfo San Jorge basin in the Provinces of Santa Cruz and Chubut and the Neuquén and Cuyo (or Cuyana) basins in the Province of Mendoza.
Forward-looking information
Certain information set forth in this news release, including Crown's Point's belief that its trailing net liabilities associated with the TDF Concessions are not expected to be material and Crown Point's views regarding the prospects for the TDF Concessions going forward, are considered forward-looking information, and necessarily involve risks and uncertainties, certain of which are beyond Crown Point’s control. Such risks include but are not limited to the risk that Crown Point's estimate of its share of trailing liabilities and assets associated with the TDF Concessions are incorrect or that unforeseen liabilities arise for which Crown Point is responsible. Actual results, performance or achievements could differ materially from those expressed in, or implied by, the forward-looking information and, accordingly, no assurance can be given that any events anticipated by the forward-looking information will transpire or occur, or if any of them do so, what benefits that Crown Point will derive therefrom. With respect to forward-looking information contained herein, the Company has made certain assumptions, including regarding the nature and quantum of the liabilities and assets associated with the TDF Concessions that the Company will be responsible for and/or have the benefit of. Additional information on these and other factors that could affect Crown Point are included in reports on file with Canadian securities regulatory authorities, including under the heading “Risk Factors” in the Company’s most recent annual information form, and may be accessed through the SEDAR+ website (www.sedarplus.ca). Furthermore, the forward-looking information contained in this news release are made as of the date of this document, and Crown Point does not undertake any obligation to update publicly or to revise any of the included forward looking information, whether as a result of new information, future events or otherwise, except as may be expressly required by applicable securities law.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.
Crown Holdings ve 2. čtvrtletí zvýšila upravený zředěný zisk na akcii o 16 % na 2,49 USD a tržby na 3,668 miliardy USD. Výhled upraveného EPS na celý rok zvedla na 8,30 až 8,50 USD.
, /PRNewswire/ -- Crown Holdings, Inc. (NYSE: CCK) today announced its financial results for the second quarter ended June 30, 2026.
Highlights
Second Quarter
Diluted earnings per share of $2.23 versus $1.56 in 2025 Adjusted diluted earnings per share increased 16% to $2.49 compared to $2.15 in 2025 Global beverage can volumes increased 5% Share repurchases of $305 million during the quarter. Total share repurchases almost 7% of outstanding Company shares over previous twelve months Net leverage ratio of 2.5x adjusted EBITDA 2026 Outlook
Full year guidance range for adjusted diluted earnings per share increased to $8.30 to $8.50 with adjusted free cash flow of at least $900 million Commenting on the quarter, Timothy J. Donahue, Chairman, President and Chief Executive Officer, stated, "The Company continued its strong 2026 performance with excellent second quarter results. Global beverage can volume growth of 5% in the quarter was driven by double-digit gains in Asia and increases of 7% and 5% in Europe and North America, respectively, which more than offset softer demand in Latin America. Second quarter segment income results also reflect robust results across the Company's beverage can equipment and North American Tinplate businesses. The Transit business performed well despite a continuing tepid global industrial production environment.
"The Company is on pace for another exceptional year in 2026. Notably, we expect that global beverage can demand will continue to thrive, as customers and consumers alike continue to increasingly prefer aluminum cans as the most sustainable and responsible beverage packaging option. Cans are the ideal package for brands in both the alcoholic and non-alcoholic segments and continue to be the choice for new beverage product introductions around the world. To meet this expanded demand, the Company is advancing as planned with previously announced capacity expansion projects in Brazil, Greece and Spain as well as the construction of a state-of-the-art facility in Northern India, marking Crown's entry into one of the world's fastest growing beverage markets.
"The Company has repurchased more than $500 million in stock during the first six months of the year, reflecting both our confidence in the long-term outlook for the Company and the continued strength of free cash flow generation. We remain committed to a disciplined and opportunistic approach to share repurchases while balancing investment opportunities and maintaining financial flexibility through a strong balance sheet. The net leverage ratio was 2.5x at the end of the second quarter of 2026."
Net sales in the second quarter were $3,668 million compared to $3,149 million in the second quarter of 2025 reflecting higher global beverage can shipments, the pass-through of $395 million in higher material costs and favorable foreign currency translation of $32 million.
Income from operations was $464 million in the second quarter of 2026 compared to $391 million in the second quarter of 2025. Segment income in the second quarter of 2026 was $501 million compared to $476 million in the prior year second quarter driven by 5% higher global beverage can shipments and strong results across the beverage can equipment and North American tinplate businesses offset by inflationary cost increases.
Net income attributable to Crown Holdings in the second quarter of 2026 was $245 million compared to $181 million in the second quarter of 2025. Reported diluted earnings per share were $2.23 in the second quarter of 2026 compared to $1.56 in 2025 and adjusted diluted earnings per share were $2.49 compared to $2.15 in 2025.
Six Month Results
Net sales for the first six months of 2026 were $6,927 million compared to $6,036 million in the first six months of 2025, reflecting the pass-through of $629 million in higher material costs, favorable foreign currency translation of $106 million and higher global beverage can shipments.
Income from operations was $829 million in the first half of 2026 compared to $756 million in the first half of 2025. Segment income in the first half of 2026 was $906 million compared to $874 million in the prior year period driven by 5% higher global beverage can shipments partially offset by inflationary cost pressures.
Net income attributable to Crown Holdings in the first six months of 2026 was $420 million compared to $374 million in the first six months of 2025. Reported diluted earnings per share were $3.78 compared to $3.21 in 2025. Adjusted diluted earnings per share were $4.34 compared to $3.81 in 2025.
Outlook
Kevin C. Clothier, Senior Vice President and Chief Financial Officer, commented "The global beverage can market remains healthy, our manufacturing network continues to perform at a high level and our balance sheet remains strong. As a result, the Company is raising 2026 adjusted diluted earnings per share guidance from a range of $7.90 to $8.30 to a range of $8.30 to $8.50 and expects third quarter adjusted diluted earnings per share in the range of $2.20 to $2.30."
The Company expects to generate adjusted free cash flow of at least $900 million in 2026 after capital spending of approximately $550 million.
Non-GAAP Measures
Segment income, adjusted free cash flow, net debt, adjusted net leverage ratio, adjusted net income, the adjusted effective tax rate, adjusted diluted earnings per share, net interest expense, EBITDA and adjusted EBITDA are not defined terms under U.S. generally accepted accounting principles (non-GAAP measures). Non-GAAP measures should not be considered in isolation or as a substitute for income from operations, cash flow, leverage ratio, net income, effective tax rates, diluted earnings per share or interest expense and interest income prepared in accordance with U.S. GAAP and may not be comparable to calculations of similarly titled measures by other companies.
The Company views segment income as the principal measure of the performance of its operations and adjusted free cash flow and adjusted net leverage ratio as the principal measures of its liquidity. The Company considers all of these measures in the allocation of resources. Adjusted free cash flow has certain limitations, however, including that it does not represent the residual cash flow available for discretionary expenditures since other non-discretionary expenditures, such as mandatory debt service requirements, are not deducted from the measure. The amount of mandatory versus discretionary expenditures can vary significantly between periods. The Company believes that adjusted free cash flow and adjusted net leverage ratio provide meaningful measures of liquidity and a useful basis for assessing the Company's ability to fund its activities, including the financing of acquisitions, debt repayments, share repurchases or dividends. The Company believes that adjusted net income, segment income, the adjusted effective tax rate and adjusted diluted earnings per share are useful in evaluating the Company's operations as these measures are adjusted for items that affect comparability between periods. Segment income, adjusted free cash flow, net debt, adjusted net leverage ratio, adjusted net income, the adjusted effective tax rate, adjusted diluted earnings per share, net interest expense, EBITDA and adjusted EBITDA are derived from the Company's Consolidated Statements of Operations, Cash Flows and Consolidated Balance Sheets, as applicable, and reconciliations to segment income, adjusted free cash flow, net debt, adjusted net leverage ratio, adjusted net income, the adjusted effective tax rate, adjusted diluted earnings per share and adjusted EBITDA can be found within this release. Reconciliations of estimated adjusted diluted earnings per share, adjusted free cash flow, the adjusted effective tax rates and adjusted net leverage ratio for the third quarter and full year of 2026 to estimated diluted earnings per share, operating cash flow, the effective tax rate and income from operations on a GAAP basis are not provided in this release due to the unavailability of estimates of the following, the timing and magnitude of which the Company is unable to reliably forecast without unreasonable efforts, which are excluded from estimated adjusted diluted earnings per share, the adjusted effective tax rates and adjusted net leverage ratio, and could have a significant impact on earnings per share, the effective tax rate and income from operations on a GAAP basis: gains or losses on the sale of businesses or other assets, restructuring and other costs, asset impairment charges, asbestos-related charges, losses from early extinguishment of debt, pension settlement and curtailment charges, the tax and noncontrolling interest impact of the items above, and the impact of tax law changes or other tax matters.
Conference Call
The Company will hold a conference call tomorrow, July 21, 2026, at 9:00 a.m. (EDT) to discuss this news release. Forward-looking and other material information may be discussed on the conference call. The dial-in numbers for the conference call are 630-395-0194 or toll-free 888-324-8108 and the access password is "packaging." A live webcast of the call will be made available to the public on the internet at the Company's website, www.crowncork.com. A replay of the conference call will be available for a one-week period ending at midnight on July 28, 2026. The telephone numbers for the replay are 203-369-0896 or toll free 866-427-6407.
Cautionary Note Regarding Forward-Looking Statements
Except for historical information, all other information in this press release consists of forward-looking statements. These forward-looking statements involve a number of risks, uncertainties and other factors, including expected levels of capital expenditures, free cash flow and earnings; the Company's ability to continue to operate its plants, distribute its products, and maintain its supply chain, including any impact of the ongoing Middle East conflict; the Company's ability to complete the projects in Brazil, Greece, Spain and Northern India; the future impact of currency translation; the continuation of performance and market trends in 2026, including consumer preference for beverage cans and global beverage can demand; the future impact of inflation, including the potential for higher interest rates and energy and transportation prices and the Company's ability to recover raw material and other inflationary costs, including tariffs and retaliatory trade measures; future demand for food cans; the Company's ability to deliver continuous operational improvement and future demand in the Transit Packaging segment that may cause actual results to be materially different from those expressed or implied in the forward-looking statements. Important factors that could cause the statements made in this press release or the actual results of operations or financial condition of the Company to differ are discussed under the caption "Forward Looking Statements" in the Company's Form 10-K Annual Report for the year ended December 31, 2025 and in subsequent filings made prior to or after the date hereof. The Company does not intend to review or revise any particular forward-looking statement in light of future events.
Crown Holdings, Inc., through its subsidiaries, is a leading global supplier of rigid packaging products to consumer marketing companies, as well as transit and protective packaging products, equipment and services to a broad range of end markets. World headquarters are located in Tampa, Florida.
For more information, contact:
Kevin C. Clothier, Senior Vice President and Chief Financial Officer, (215) 698-5281
Thomas T. Fischer, Vice President, Investor Relations and Corporate Affairs, (215) 552-3720
Unaudited Consolidated Statements of Operations, Balance Sheets, Statements of Cash Flows, Segment Information and Supplemental Data follow.
Consolidated Statements of Operations (Unaudited)
(in millions, except share and per share data)
Three Months Ended
June 30,
Six Months Ended
June 30,
2026
2025
2026
2025
Net sales
$ 3,668
$ 3,149
$ 6,927
$ 6,036
Cost of products sold
2,920
2,436
5,535
4,698
Depreciation and amortization
116
114
234
224
Selling and administrative expense
166
161
325
313
Restructuring and other
2
47
4
45
Income from operations (1)
464
391
829
756
Loss on debt extinguishment
1
3
1
Other pension and postretirement
5
(1)
10
4
Foreign exchange
3
9
11
Earnings before interest and taxes
456
382
816
740
Interest expense
105
103
202
202
Interest income
(14)
(14)
(26)
(27)
Income from operations before income taxes
365
293
640
565
Provision for income taxes
89
78
159
124
Equity earnings
1
1
2
Net income
276
216
482
443
Net income attributable to noncontrolling interests
31
35
62
69
Net income attributable to Crown Holdings
$ 245
$ 181
$ 420
$ 374
Earnings per share attributable to Crown Holdings
common shareholders:
Basic
$ 2.24
$ 1.57
$ 3.80
$ 3.22
Diluted
$ 2.23
$ 1.56
$ 3.78
$ 3.21
Weighted average common shares outstanding:
Basic
109,358,347
115,329,354
110,663,255
115,997,384
Diluted
109,798,634
115,841,544
111,154,898
116,462,524
Actual common shares outstanding at quarter end
108,766,371
116,393,989
108,766,371
116,393,989
(1) Reconciliation from income from operations to segment income follows.
Consolidated Supplemental Financial Data (Unaudited)
(in millions)
Reconciliation from Income from Operations to Segment Income
The Company views segment income, as defined below, as a principal measure of performance of its operations and for the allocation of resources. Segment income is defined by the Company as income from operations adjusted to exclude intangibles amortization charges and provisions for restructuring and other.
Three Months
Ended June 30,
Six Months
Ended June 30,
2026
2025
2026
2025
Income from operations
$
464
$
391
$
829
$
756
Intangibles amortization
35
38
73
73
Restructuring and other
2
47
4
45
Segment income
$
501
$
476
$
906
$
874
Segment Information
Net Sales
Three Months Ended
June 30,
Six Months Ended
June 30,
2026
2025
2026
2025
Americas Beverage
$
1,699
$
1,405
$
3,229
$
2,725
European Beverage
735
635
1,323
1,147
Asia Pacific
331
256
634
535
Transit Packaging
537
526
1,033
1,008
Other (1)
366
327
708
621
Total net sales
$
3,668
$
3,149
$
6,927
$
6,036
Segment Income
Americas Beverage
$
265
$
268
$
475
$
504
European Beverage
107
97
193
164
Asia Pacific
53
50
105
97
Transit Packaging
68
72
121
132
Other (1)
52
35
99
64
Corporate and other unallocated items
(44)
(46)
(87)
(87)
Total segment income
$
501
$
476
$
906
$
874
(1) Includes the Company's North America tinplate businesses: food can, aerosol can and closures, and beverage tooling
and equipment operations in the U.S. and United Kingdom.
Consolidated Supplemental Data (Unaudited)
(in millions, except per share data)
Reconciliation from Net Income and Diluted Earnings Per Share to Adjusted Net Income and Adjusted Diluted Earnings Per Share
The following table reconciles reported net income and diluted earnings per share attributable to the Company to adjusted net income and adjusted diluted earnings per share, as used elsewhere in this release.
Three Months Ended
June 30,
Six Months Ended
June 30,
2026
2025
2026
2025
Net income/diluted earnings per share
attributable to Crown Holdings, as reported
$245
$2.23
$181
$1.56
$420
$3.78
$374
$3.21
Intangibles amortization (1)
35
0.32
38
0.33
73
0.66
73
0.62
Restructuring and other (2)
2
0.02
47
0.40
4
0.04
45
0.39
Loss on debt extinguishment
1
0.01
3
0.02
1
0.01
Other pension and postretirement (3)
(5)
(0.04)
(5)
(0.04)
Income taxes (4)
(9)
(0.08)
(13)
(0.11)
(17)
(0.15)
(44)
(0.38)
Noncontrolling interests (5)
(1)
(0.01)
Adjusted net income/diluted earnings per share
$273
$2.49
$249
$2.15
$482
$4.34
$444
$3.81
Effective tax rate as reported
24.4 %
26.6 %
24.8 %
21.9 %
Adjusted effective tax rate
24.4 %
24.3 %
24.4 %
24.7 %
Adjusted net income, adjusted diluted earnings per share and the adjusted effective tax rate are non-GAAP measures and are not meant to be considered in isolation or as a substitute for net income, diluted earnings per share and effective tax rates determined in accordance with U.S. generally accepted accounting principles. The Company believes these non-GAAP measures provide useful information to evaluate the performance of the Company's ongoing business.
(1)
In the second quarter and first six months of 2026, the Company recorded charges of $35 million ($27 million net of tax) and $73 million ($56 million net of tax) for intangibles amortization arising from prior acquisitions. In the second quarter and first six months of 2025, the Company recorded charges of $38 million ($29 million net of tax) and $73 million ($56 million net of tax) for intangibles amortization arising from prior acquisitions.
(2)
In the second quarter and first six months of 2026, the Company recorded net restructuring and other charges of $2 million ($1 million net of tax) and $4 million ($5 million net of tax). In the second quarter and first six months of 2025, the Company recorded net restructuring and other charges of $47 million ($42 million net of tax) and $45 million ($40 million net of tax) primarily related to asset impairment charges in Asia Pacific, severance costs in the Transit Packaging segment and a reserve for a legal dispute.
(3)
In the second quarter of 2025, the Company recorded a pension settlement gain of $5 million ($4 million net of tax), related to repayment of the contribution the Company made in 2021 to settle the U.K. defined pension plan.
(4)
The Company recorded income tax benefits of $9 million and $17 million in the second quarter and first six months of 2026, primarily related to the items described above. The Company recorded income tax benefits of $13 million and $44 million in the second quarter and first six months of 2025, primarily related to an income tax benefit of $22 million from an internal reorganization in the first quarter of 2025 and the items described above.
(5)
In the first six months of 2026, the Company recorded noncontrolling interest related to the items described above.
Consolidated Statements of Cash Flows (Condensed & Unaudited)
(in millions)
Six months ended June 30,
2026
2025
Cash flows from operating activities
Net income
$
482
$
443
Depreciation and amortization
234
224
Restructuring and other
4
45
Pension and postretirement expense
19
14
Pension contributions
(10)
22
Stock-based compensation
23
26
Loss on debt extinguishment
3
Working capital changes and other
(96)
(311)
Net cash provided by operating activities
659
463
Cash flows from investing activities
Capital expenditures
(203)
(89)
Other
9
45
Net cash used for investing activities
(194)
(44)
Cash flows from financing activities
Net change in debt
168
(83)
Dividends paid to shareholders
(77)
(60)
Common stock repurchased
(517)
(209)
Dividends paid to noncontrolling interests
(41)
(62)
Other, net (1)
(95)
(13)
Net cash used for financing activities
(562)
(427)
Effect of exchange rate changes on cash and cash equivalents
(3)
30
Net change in cash and cash equivalents
(100)
22
Cash and cash equivalents at January 1
879
1,016
Cash, cash equivalents and restricted cash at June 30 (2)
$
779
$
1,038
(1) Primarily consists of payments for assets financed in 2025.
(2) Cash and cash equivalents include $123 million and $102 million of restricted cash at June 30, 2026 and 2025.
Adjusted free cash flow is defined by the Company as net cash from operating activities less capital expenditures and certain other items. A reconciliation of net cash from operating activities to adjusted free cash flow for the three and six months ended June 30, 2026 and 2025 follows.
Three Months Ended
June 30,
Six Months Ended
June 30,
2026
2025
2026
2025
Net cash provided by operating activities
$ 713
$ 449
$ 659
$ 463
Interest included in investing activities (3)
4
16
13
Capital expenditures
(116)
(56)
(203)
(89)
Adjusted free cash flow
$ 601
$ 393
$ 472
$ 387
(3) Interest benefit of cross currency swaps included in investing activities.
Consolidated Supplemental Data (Unaudited)
(in millions)
Impact of Foreign Currency Translation – Favorable/(Unfavorable) (1)
Three Months Ended
June 30, 2026
Six Months Ended
June 30, 2026
Net Sales
Segment
Income
Net Sales
Segment
Income
Americas Beverage
$
8
$
(1)
$
16
$
(3)
European Beverage
16
3
52
8
Asia Pacific
4
11
1
Transit Packaging
4
1
25
5
Corporate and other
(1)
2
$
32
$
2
$
106
$
11
(1) The impact of foreign currency translation represents the difference between actual current year U.S. dollar
results and pro forma amounts assuming constant foreign currency exchange rates for translation in both periods.
In order to compute the difference, the Company compares actual U.S. dollar results to an amount calculated by
dividing the current U.S. dollar results by current year average foreign exchange rates and then multiplying those
amounts by the applicable prior year average foreign exchange rates.
Reconciliation of Adjusted EBITDA and Adjusted Net Leverage Ratio
