Crown Hlds

Crown Holdings, Inc. engages in the design, manufacture, and sale of packaging products and equipment for consumer goods. The firm offers aerosol cans, beverage, promotional, and transit packaging, closures and capping, and food cans. It operates through the following segments: Americas, Europe, Asia Pacific, and Transit Packaging. The Americas segment manufactures beverage, food and aerosol cans and ends, glass bottles, specialty packaging, metal vacuum closures, steel crowns, and aluminum caps. The Europe segment operates in Europe, Middle East, and North Africa. The Asia Pacific segment includes beverage and non-beverage can operations. The Transit Packaging segment provides industrial and protective solutions and equipment and tools businesses. The company was founded by William Painter in 1892 and is headquartered in Philadelphia, PA.

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Earnings data Q3 2024

Earnings data Q4 2024

Crown Holdings reports strong Q4 earnings, eyes growth amid challenges

Crown Holdings (CCK) reported improved earnings and projects EBITDA growth in 2023, despite challenges like market downturns and natural disasters.
The company's focus on debt reduction, shareholder value, and market positioning strengths underpin its resilience and growth opportunities.
Balancing investments in diverse segments, managing market challenges, and leveraging growth opportunities are key priorities for Crown Holdings.
Confidence in market recovery, sustainable CapEx levels, and margin management strategies position the company for long-term success and shareholder value creation.

Crown Holdings faces volume challenges but anticipates market recovery

Crown Holdings navigated volume challenges and margin pressures in Q1, with a focus on cost management and market recovery. Despite short-term challenges, the company remains optimistic about improving results in the second quarter and achieving its guidance range.

Crown Holdings projects EBITDA growth amidst market challenges and opportunities

Crown Holdings faces challenges in market declines and delayed projects but remains optimistic about future growth opportunities. The company's strong performance in transit packaging and European beverage units is driving improved margins. Strategic cost management and focus on cash flow are key priorities for sustainable growth.

Crown Holdings (CCK) reports mixed Q3 results, eyes sustainability growth

Crown Holdings (CCK) reported mixed Q3 results with improved segment income but lower net sales. Challenges persist in the aerosol business, while Transit Packaging shows promise. The company aims to capitalize on sustainability efforts and operational stability for future growth.

Crown Holdings achieves record EBITDA in 2023, eyes future growth

Crown Holdings delivered strong financial performance in 2023, with a focus on operational efficiency and cost savings. While facing challenges from overcapacity and market headwinds, the company remains optimistic about future growth opportunities through strategic initiatives and market rebounds.

Crown Holdings Q1 2024 Earnings: Challenges Amid Growth Opportunities

Crown Holdings faced challenges in transit performance and Bevcan business post-pandemic. However, strengths in North America and Europe, along with opportunities for growth in Bevcan and transit business, position the company well for the future.

Crown Holdings reports robust Q2 earnings, raises full-year guidance

Crown Holdings delivered a strong Q2 performance with increased earnings per diluted share, net sales, and segment income, supported by record free cash flow and improved financial metrics.
While facing challenges in sustaining growth and managing capital spending, the company's raised guidance and strategic focus on shareholder value creation signal confidence and opportunities for future growth.
With a clear roadmap to enhance operational efficiency, pursue growth opportunities, and optimize capital allocation, Crown Holdings is poised for continued success and value creation for stakeholders.

Crown Holdings reports solid Q3 results, boosts earnings guidance

Crown Holdings delivered steady performance with maintained net sales and increased segment income, supported by volume growth in key markets.
Strengths include a strong balance sheet, increased earnings guidance, and a commitment to returning capital to shareholders through buybacks and dividends.
Challenges include managing debt levels and sustaining profitability amidst market dynamics, requiring a focus on operational efficiency and cost control.
Opportunities lie in leveraging strong cash flow for strategic investments, debt reduction, and market expansion to drive long-term value creation.

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Crown Holdings, Inc. engages in the design, manufacture, and sale of packaging products and equipment for consumer goods. The firm offers aerosol cans, beverage, promotional, and transit packaging, closures and capping, and food cans. It operates through the following segments: Americas Beverage, European Beverage, Asia Pacific, Transit Packaging, and Other. The Americas Beverage segment manufactures beverages, food and aerosol cans and ends, glass bottles, specialty packaging, metal vacuum closures, steel crowns, and aluminum caps. The Europe Beverage segment operates in Europe, the Middle East, and North Africa. The Asia Pacific segment includes beverage and non-beverage can operations. The Transit Packaging segment offers industrial and protective solutions and is involved in the equipment and tools businesses. The Other segment include the company's food can, aerosol can and closures businesses in North America, and beverage tooling and equipment operations in the U.S. and the United Kingdom. The company was founded by William Painter in 1892 and is headquartered in Tampa, FL.

TAMPA, Fla. , Aug. 3, 2023 /PRNewswire/ -- Crown Holdings, Inc. (NYSE: CCK) today announced the acquisition of Helvetia Packaging AG, a beverage can and end manufacturing facility in Saarlouis, Germany.

CROWN EXPANDS BEVERAGE CAN FOOTPRINT INTO GERMANY WITH ACQUISITION OF HELVETIA PACKAGING

NORTHAMPTON, MA / ACCESSWIRE / August 2, 2023 / To celebrate World Environment Day and raise awareness for the protection of the environment within our Company, our European division initiated a variety of environmental activities to bring our employees together and create important impact on a regional level. One of the ways we encourage our teams to collaborate on sustainability efforts is through supporting the Climate Action pillar of our Twentyby30™ sustainability program.

Crown Holdings Embraces World Environment Day

Crown Holdings, Inc. (NYSE:CCK ) Q2 2023 Earnings Conference Call July 25, 2023 9:00 AM ET Company Participants Kevin Clothier - Senior Vice President and CFO Tim Donahue - President and CEO Tom Fischer - Vice President, Investor Relations and Corporate Affairs Conference Call Participants Kash Rangan - Bank of America Christopher Parkinson - Mizuho Mike Leithead - Barclays Michael Roxland - Truist Securities Ghansham Panjabi - Baird Arun Viswanathan - RBC Capital Markets Phil Ng - Jefferies Bryan Burgmeier - Citi Kyle White - Deutsche Bank Gabe Hajde - Wells Fargo Securities Operator Good morning. And welcome to Crown Holdings Second Quarter 2023 Conference Call.

Crown Holdings, Inc. (CCK) Q2 2023 Earnings Call Transcript

Crown Holdings' (CCK) Q2 top line reflects lower volume across most of its businesses.

Crown Holdings (CCK) Q2 Earnings Beat, Dip Y/Y on Low Volumes

Crown Holdings (CCK) came out with quarterly earnings of $1.68 per share, beating the Zacks Consensus Estimate of $1.65 per share. This compares to earnings of $2.10 per share a year ago.

Crown Holdings (CCK) Q2 Earnings Top Estimates

Shares of Crown Holdings Inc. CCK, -0.32% dropped more than 2% in the extended session Monday after the packaging maker missed expectations for its second-quarter sales, saying that inflation and economic conditions continued to hurt volumes. Crown Holdings earned $157 million, or $1.31 a share, in the quarter, compared with $295 million, or $2.43 a share, in the second quarter of 2022.

Packaging maker Crown Holdings' sales drop as inflation, ‘challenging' economic conditions hurt business

TAMPA, Fla. , July 24, 2023 /PRNewswire/ -- Crown Holdings, Inc. (NYSE: CCK) today announced its financial results for the second quarter ended June 30, 2023.

CROWN HOLDINGS, INC. REPORTS SECOND QUARTER 2023 RESULTS

Latest credentials in Thailand bring Company's ASI certified plants to 12; underscores Crown's focus on responsible material sourcing TAMPA, Fla. , July 19, 2023 /PRNewswire/ -- As part of the commitments laid out in its Twentyby30™ sustainability program to help advance responsible supply chains, Crown Holdings, Inc. (NYSE: CCK) (Crown) (www.crowncork.com) has expanded its Aluminium Stewardship Initiative (ASI) certifications into the Asia Pacific region.

CROWN HOLDINGS EXPANDS ALUMINIUM STEWARDSHIP INITIATIVE (ASI) CERTIFICATIONS TO ASIA PACIFIC REGION

Crown (CCK) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Earnings Preview: Crown Holdings (CCK) Q2 Earnings Expected to Decline

Crown Holdings (CCK) launches Acqussima Sabor flavored mineral water in CrownSleek cans in collaboration with Brazil's beverage producer Socorro.

Crown Holdings (CCK) Expands Its Partnership With Socorro

Brazilian beverage brand chooses aluminum cans for its health-conscious hydration alternative TAMPA, Fla. , July 6, 2023 /PRNewswire/ -- Brazilian beverage producer Socorro Bebidas (Socorro) has expanded its partnership with Crown Embalagens Metálicas da Amazônia S.A.

CROWN'S SUSTAINABLE BEVERAGE CANS HELP CONVEY HEALTH AND FRESHNESS FOR NEW MINERAL WATER LINE FROM SOCORRO BEBIDAS

The Materials sector has seen a strong performance in June, with Crown Holdings showing potential for price growth due to its low valuation and improved technical outlook. Despite missing topline estimates in Q1, CCK's earnings per share exceeded guidance, and the company anticipates an 8% to 12% increase in EBITDA. However, risks include potential weather impact on earnings, currency changes, and decreased consumer demand in case of a recession. The company's valuation remains strong, and the technicals have turned more bullish, leading to an upgrade of CCK from a hold to a buy rating.

Crown Holdings: A Positive Valuation Meets An Improved Chart, Upgrading To Buy

TAMPA, Fla. , June 27, 2023 /PRNewswire/ -- Crown Holdings, Inc. (NYSE:CCK) will release its earnings for the second quarter ended June 30, 2023 after the close of trading on the New York Stock Exchange on Monday, July 24, 2023.

CROWN HOLDINGS SCHEDULES SECOND QUARTER 2023 EARNINGS CONFERENCE CALL

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Are Investors Undervaluing Crown Holdings (CCK) Right Now?

TAMPA, Fla. , June 12, 2023 /PRNewswire/ -- Crown Holdings, Inc. (NYSE: CCK) (Crown) (www.crowncork.com) has published its 2022 Sustainability Report to share progress against its Twentyby30™ sustainability strategy and related achievements during fiscal year 2022.

CROWN'S NEW SUSTAINABILTY REPORT UNDERSCORES CONTINUED PROGRESS TOWARD ACHIEVING TWENTYBY30™ GOALS

Crown Holdings' (CCK) investment in can capacity expansions positions it well to meet the surging global beverage can demand.

Reasons to Hold Crown Holdings (CCK) in Your Portfolio

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NEW YORK , June 2, 2023 /PRNewswire/ -- S&P Dow Jones Indices ("S&P DJI") will make the following changes to the S&P 500, S&P MidCap 400, and S&P SmallCap 600 indices effective prior to the open of trading on Tuesday, June 20, to coincide with the quarterly rebalance. The U.S. equity markets will be closed on Monday, June 19 in observance of the Juneteenth holiday.

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Company recognized as one of 400 entities within the inaugural emissions-focused list TAMPA, Fla. , June 1, 2023 /PRNewswire/ -- In recognition of ongoing efforts to reduce its greenhouse gas (GHG) emissions, Crown Holdings, Inc. (NYSE: CCK) (Crown) (www.crowncork.com) has landed on USA TODAY's inaugural America's Climate Leaders list, developed by market research firm Statista.

CROWN HOLDINGS NAMED AS ONE OF AMERICA'S CLIMATE LEADERS BY USA TODAY AND STATISTA

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Crown Holdings' (CCK) Q1 top line reflects lower volume across most of its businesses.

Crown Holdings (CCK) Earnings Beat Estimates in Q1, Dip Y/Y

Crown Holdings, Inc. (CCK) Q1 2023 Earnings Call Transcript.

Crown Holdings, Inc. (CCK) Q1 2023 Earnings Call Transcript

Although the revenue and EPS for Crown (CCK) give a sense of how its business performed in the quarter ended March 2023, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Crown (CCK) Reports Q1 Earnings: What Key Metrics Have to Say

Crown Holdings (CCK) came out with quarterly earnings of $1.20 per share, beating the Zacks Consensus Estimate of $1.04 per share. This compares to earnings of $2.01 per share a year ago.

Crown Holdings (CCK) Q1 Earnings Top Estimates

TAMPA, Fla. ,  April 24, 2023 /PRNewswire/ -- Crown Holdings, Inc. (NYSE: CCK) today announced its financial results for the first quarter ended March 31, 2023.

CROWN HOLDINGS, INC. REPORTS FIRST QUARTER 2023 RESULTS

Crown Holdings (CCK) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.

News for Crown Hlds Stock (CCK)