📈 Price History

Ratio Health

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📊 Sector Averages

About

Crown Holdings, Inc., together with its subsidiaries, engages in the packaging business in the United States and internationally.

Key Ratios Snapshot

📈 Growth Pattern

⚡ Latest Quarter —

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⭐ Superinvestors Holding CCK

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Manager	Shares	Value	% of Fund	Period
Jim Simons Renaissance Technologies LLC	548.0K	$54.9M	0.09%	Mar 2026

SEC Form 13F data. 45-day lag from quarter end.

🔍 Concall Decoded

🎙 Management Tone Tracker Confident Specific → Stable 4 quarters analysed

Q2 2025

Confident Specific

Management repeatedly used phrases like 'very strong quarter,' 'record segment income, adjusted EBITDA, and free cash flow,' and 'performance came in better than anticipated' while providing specific numbers and raising guidance.

Q3 2025

Confident Specific

Management used precise figures to describe better-than-expected results, including 'earnings per share advanced 13%', 'segment income up 4%', 'European beverage posted a record quarter ... 27% above prior year', and 'free cash flow improved to $887 million'. They also raised full-year guidance from prior outlook.

Q4 2025

Confident Specific

Management led with record EBITDA and free cash flow, provided specific EPS guidance ranges for Q1 and full year 2026, and gave detailed volume growth expectations for North America and Europe. Language like 'another solid quarter to complete an outstanding year' and 'well-positioned to consistently deliver value' conveys strong conviction.

Q1 2026 latest

Confident Specific

Management provided detailed quantitative guidance (adjusted EPS $1.86, up 11%, Q2 guidance $2.10–$2.20, full year $7.90–$8.30) and specific headwinds ($0.05 Q2, $0.10 full year from Middle East). Repeatedly used phrases like 'firm start', 'strong demand', 'very tight market conditions' with concrete volume percentages (global beverage cans up 5%, Americas up 1%, Europe up 7%, Asia Pacific up 17%).

Guidance Reliability Pending · <3Q data

Investor Lens

The investment thesis appears stronger after this call. Crown delivered 11% EPS growth on robust global beverage can volumes (up 5%) and is managing Middle East headwinds through its global network. The demand environment in North America and Europe is described as 'very tight' heading into summer, supporting pricing and volume. However, the company faces near-term margin pressure in Americas Beverage from unrecovered cost inflation and in Transit Packaging from input cost pass-through lags. Consumer inflation is acknowledged as a risk, but management sees demand holding through Q2. The $0.10 full-year Middle East impact is manageable given the strong underlying momentum. Key items to watch next quarter: 1) Whether consumer elasticity starts to show in summer volumes, especially in Brazil and Mexico; 2) The pace of cost recovery in Americas Beverage; 3) Whether the tight market allows Crown to gain share via its global network; 4) Any update on North American capacity decisions.

AI-generated concall tone analysis · Updated 2026-06-08 · Not investment advice

🎙 Management Tone Confident Specific → Stable 4 quarters Full tone analysis in Intelligence →

📊 MIXED Crown Holdings Q1 2026 adj. EPS $1.86, +11%, global beverage can volumes +5%.

Revenue & Profitability

Adjusted earnings per share were $1.86, up 11% from $1.67 in the prior year quarter. Net sales increased 13% to an undisclosed absolute dollar amount. Segment income was $405 million, compared to $398 million in the prior year. Q2 2026 adjusted EPS is projected at $2.10-$2.20, full year at $7.90-$8.30. Free cash flow guidance is approximately $900 million after $550 million of capital spending. Share repurchases are expected to be approximately $600 million.

Outlook

Management sees very tight can markets in both North America and Europe this summer, with demand remaining strong despite inflationary pressure on consumers. In North America, full-year volume growth is estimated at 2%-3%, but March was the highest shipment month ever and April is expected to be strong. In Europe, growth is expected to continue, with capacity tight. The conflict in the Middle East creates a $0.10 EPS headwind for the full year.

Growth Drivers

Global beverage can volumes advanced 5% in the quarter, with Europe up 7% and Asia Pacific up 17% (notably Vietnam, Cambodia, China). North American beverage volumes grew 1%, food cans up 3%. In transit packaging, equipment and tool order inflows in April were 10%-20% higher than last year, expected to materialize in 90 days. India is a new growth market with a 2.2 billion unit expansion over a couple of years under contract.

Balance Sheet & CapEx

Capital spending is guided at $550 million for 2026 to support growth projects in Brazil, Greece, Spain, and India. No additional capacity expansion is planned for North America at this time. The company is adding a new greenfield plant in India (2.2 billion units).

Margins

In Americas Beverage, segment income was down about 10% due to volume mix, Q1 cost timing, and higher input costs not recovered through the contractual pricing formula; the delta is expected to narrow significantly in Q2. In Asia Pacific, operating income margins are around 16%-17%. Transit Packaging margins were down as input cost inflation ran ahead of price recovery; recovery is expected in the second half of the year.

Key Risks

Key risks flagged include: the Middle East conflict causing a $0.10 EPS headwind ($0.05 in Q2, $0.05 H2) from higher ocean freight, energy, and direct materials; inflationary pressure on consumers that could slow demand; potential pre-buying by customers; and tariffs (232 and 301) distorting markets and creating risks for jobs. Management also noted possible volume declines in Brazil and Mexico.

Generated by AI · Q1 2026 results · Not investment advice

✓ 📞 Earnings Call Transcripts (5 quarters) submit a missing quarter

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📞 Earnings Call Transcripts (5)

Q2 2026 Q2 2026 2026-07-21

Second quarter results showed 16% year-over-year growth in revenue and adjusted EPS, driven by strong global beverage can demand and favorable market conditions. Full-year guidance was raised, with robust cash flow supporting share repurchases and investments.

Q1 2026 Q1 2026 2026-04-28

Adjusted EPS rose 11% year-over-year, with strong global beverage can demand driving a 13% sales increase. Tight supply is expected in North America and Europe, while inflation and Middle East conflict pose ongoing risks.

Q4 2025 Q4 2025 2026-02-05

Record adjusted EBITDA and free cash flow were achieved in 2025, with strong beverage and tinplate performance and robust shareholder returns. 2026 guidance projects stable earnings, continued investment in growth, and disciplined capital allocation, with tight capacity and healthy margins across key segments.

Q3 2025 Q3 2025 2025-10-21

Q3 delivered strong EPS and Segment Income growth, led by European beverage demand and operational improvements. Free Cash Flow and shareholder returns rose, leverage targets were met, and guidance was raised for the full year. Expansion projects in Europe and Brazil support future growth.

Q2 2025 Q2 2025 2025-07-22

Second quarter results exceeded expectations with record Segment Income, Adjusted EBITDA, and Free Cash Flow, driven by strong beverage and food demand in North America and Europe. Full-year adjusted EPS guidance was raised, and capital allocation remains focused on shareholder returns.

📊 Analysis Methodology

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