Crown Holdings FY adj diluted EPS outlook points to deceleration

By Reuters News


Overview

  • US rigid packaging supplier's Q3 revenue rose 16%, beating analyst expectations

  • Adjusted EPS for Q3 increased 7% and beat analyst expectations

  • Company repurchased $81 mln in stock during the quarter


Outlook

  • Crown Holdings sees 2026 adj diluted EPS at $8.35-$8.45

  • Company expects 2026 adj free cash flow of at least $950 mln

  • Crown Holdings expects Q4 adj diluted EPS of $1.63-$1.73


Result Drivers

  • BEVERAGE CAN DEMAND - Global beverage can volumes rose 6%, with double-digit gains in Asia, 6% growth in North America and 4% in Europe, per CEO Timothy J. Donahue

  • INPUT COST PRESSURES - Higher input costs offset some benefits from increased beverage can shipments, per CEO Timothy J. Donahue

  • CAPACITY EXPANSION - Ongoing expansion projects in Brazil, Greece, Spain and new plant construction in India aimed to support future growth, per CEO Timothy J. Donahue


Company press release:


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 Sales

Beat

$3.71 bln

$3.44 bln (14 Analysts)

Q3 Adjusted EPS

Beat

$2.39

$2.26 (14 Analysts)

Q3 EPS

$2.08

Q3 Net Income

$261 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 $135.00, about 18.3% above its October 16 closing price of $114.15

  • The stock recently traded at 13 times the next 12-month earnings vs. a P/E of 13 three months ago


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  • Oct 19 - Silgan and American Industrial to buy Trivium Packaging in $3.4 billion deal

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For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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