Overview

* Crown Holdings ( CCK ) Q2 rev grows to $3.149 bln, beating analyst expectations

* Adjusted EPS for Q2 rises 19% to $2.15, surpassing consensus

* Company has increased its full year 2025 expectations for adjusted earnings per share and adjusted free cash flow.

Outlook

* Crown Holdings ( CCK ) expects Q3 adjusted EPS of $1.95 to $2.05

* Beverage and food cans maker projects full-year adjusted EPS of $7.10 to $7.50

* Company anticipates $900 mln in adjusted free cash flow for 2025

* Crown Holdings ( CCK ) reaffirms long-term net leverage ratio target of 2.5x

Result Drivers

* BEVERAGE SEGMENTS - Strong performance in Americas Beverage, European Beverage, and North American Tinplate drove segment income growth, per CEO Timothy J. Donahue

* SHIPMENT GROWTH - Increased shipments in Europe and the Middle East contributed to revenue growth

* COST REDUCTION - Stable results in Transit Packaging attributed to ongoing cost reduction efforts despite a tepid industrial production environment

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 Sales Beat $3.15 $3.11

bln bln (11

Analysts

)

Q2 Beat $2.15 $1.87

Adjusted (13

EPS Analysts

)

Q2 EPS $1.56

Q2 Net $216 mln

Income

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 11 "strong buy" or "buy", 4 "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 ( CCK ) is $125.00, about 15% above its July 18 closing price of $106.23

* The stock recently traded at 14 times the next 12-month earnings vs. a P/E of 13 three months ago

Press Release:

(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.)