Overview

* Crown Holdings Inc ( CCK ) Q3 revenue beats analyst expectations, driven by European Beverage growth

* Adjusted EPS for Q3 beats consensus, increasing 13% yr/yr

* Company returned over $400 mln to shareholders in first nine months

Outlook

* Crown Holdings ( CCK ) raises full-year 2025 EPS guidance to $7.70-$7.80

* Company expects 2025 adjusted free cash flow of approximately $1.0 bln

* Crown Holdings ( CCK ) projects Q4 adjusted EPS of $1.65-$1.75

Result Drivers

* EUROPEAN BEVERAGE GROWTH - 12% volume increase in European Beverage segment led to 27% rise in segment income

* MIXED GLOBAL VOLUMES - Global beverage can volumes were mixed, with declines in Asia and Latin America offset by growth in Europe and Middle East

* LEVERAGE TARGET ACHIEVED - Co achieved long-term adjusted net leverage target of 2.5x, returning over $400 mln to shareholders

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Sales Beat $3.20 $3.13

bln bln (12

Analysts

)

Q3 Beat $2.24 $1.99

Adjusted (14

EPS Analysts

)

Q3 EPS $1.85

Q3 Net $239 mln

Income

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 13 "strong buy" or "buy", 3 "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 $116.50, about 19.5% above its October 17 closing price of $93.84

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

Press Release:

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(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.)