Core Insights - Jacobs has been appointed as a supplier on the UK's Crown Commercial Service's Management Consultancy Framework Four (MCF4) for infrastructure advisory services through 2027 [1][2][3] Group 1: Appointment and Services - Jacobs will provide consulting, advisory services, and digital solutions across key sectors such as transportation, cities & places, defense, and clean energy [2][4] - The company aims to enhance the delivery of cleaner and smarter infrastructure while improving value for money from public investments [2][3] Group 2: Strategic Partnerships - Jacobs will collaborate with PA Consulting to support clients in strategy and transformation work, leveraging PA's expertise in various consultancy lots [4] - This partnership is expected to enhance Jacobs' ability to address pressing infrastructure needs in the public sector [3][4] Group 3: Financial Impact - The Crown Commercial Service reported that it helped the public sector achieve commercial benefits of £5.3 billion ($7 billion) in 2024/25 [5] - Jacobs, with approximately $12 billion in annual revenue, employs nearly 6,000 people in the UK, indicating a significant operational footprint [6]

Core Viewpoint - Crown Crafts, Inc. is set to release its second quarter fiscal 2026 operational results on November 12, 2025, before market opening, with a teleconference scheduled for discussion [1] Company Overview - Crown Crafts, Inc. designs, markets, and distributes a range of infant, toddler, and juvenile consumer products, and is one of the largest producers in the U.S. for items such as infant bedding, diaper bags, and toys [4] - The company operates through subsidiaries NoJo Baby & Kids, Inc. and Sassy Baby, Inc., offering products under various trademarks and private label programs [4] - Sales channels include mass merchants, chain stores, specialty stores, and direct-to-consumer through its websites [4] Teleconference Details - The teleconference will be hosted by Olivia W. Elliott, President and CEO, and Claire K. Spencer, Vice President and CFO, at 8:00 a.m. Central Standard Time [1] - Interested participants can join by calling (844) 861-5504 or listen online via the company's website [2] - A replay of the teleconference will be available for one hour after the call until 4:00 p.m. Central Standard Time on February 10, 2026 [3]

Financial Performance - Net sales for the three months ended September 30, 2025, increased to $3,202 million, up from $3,074 million in 2024, representing a growth of 4.2%[145] - For the nine months ended September 30, 2025, net sales rose to $9,238 million, compared to $8,898 million in 2024, an increase of 3.8%[145] - The Americas Beverage segment reported net sales of $1,417 million for Q3 2025, up from $1,368 million in Q3 2024, with segment income decreasing to $255 million from $280 million[151] - The European Beverage segment saw net sales increase to $658 million in Q3 2025, up from $573 million in Q3 2024, with segment income rising to $109 million from $86 million[156] - The Asia Pacific segment experienced a decline in net sales to $259 million in Q3 2025 from $284 million in Q3 2024, with segment income decreasing to $44 million from $50 million[161] - The Transit Packaging segment reported net sales of $517 million for Q3 2025, down from $526 million in Q3 2024, with segment income remaining flat at $70 million[166] - Other segments reported net sales of $351 million in Q3 2025, an increase from $323 million in Q3 2024, with segment income rising to $51 million from $27 million[171] Capital Expenditures and Investments - The company plans to invest approximately $400 million in capital spending for 2025 to meet expected demand growth[134] - The Company expects capital expenditures in 2025 to be approximately $400 million[197] Stock and Financial Management - The company has authorized a stock repurchase program of $2,000 million, with approximately $1,500 million remaining as of July 2024[135] - Corporate and unallocated expenses were relatively flat at $(39) million for Q3 2025 compared to $(41) million in Q3 2024, with a total of $(126) million for the nine months ended September 30, 2025, compared to $(127) million in the same period of 2024[177] - Restructuring and other net charges amounted to $30 million for Q3 2025 and $75 million for the nine months ended September 30, 2025, primarily due to asset impairment charges in Myanmar and China[178] - Interest expense decreased from $119 million to $101 million for Q3 2025 and from $344 million to $303 million for the nine months ended September 30, 2025, attributed to lower borrowings and interest rates[183] Cash Flow and Liquidity - Cash from operating activities increased from $897 million for the nine months ended September 30, 2024, to $1,043 million for the same period in 2025, driven by higher income from operations[191] - Cash used for investing activities decreased from $208 million for the nine months ended September 30, 2024, to $121 million for the same period in 2025, mainly due to lower capital expenditures[196] - Cash used for financing activities increased from $260 million to $680 million for the nine months ended September 30, 2025, primarily due to the repayment of $875 million in senior notes[198] - As of September 30, 2025, the Company had $935 million of cash and cash equivalents located outside the U.S., with $446 million held by subsidiaries for which earnings are considered indefinitely reinvested[199] Debt and Leverage - The Company's total net leverage ratio was 2.4 to 1.0 at September 30, 2025, compliant with the covenant requiring a ratio no greater than 4.5 to 1.0[202] - As of September 30, 2025, the Company had $1.9 billion in principal floating interest rate debt and $1.5 billion in securitization and factoring[223] - A change of 0.25% in floating interest rates would result in an annual interest expense change of approximately $9 million before tax[223] Risk Management - The Company manages market risks through derivative financial instruments, primarily swaps and forwards, to limit the impact on earnings and cash flow[222] - The Company is exposed to risks from adverse fluctuations in foreign exchange, interest rates, and commodity prices[222] - Management's estimates and assumptions in financial reporting could lead to actual results differing from reported outcomes[216] Forward-Looking Statements - The Company does not intend to review or revise forward-looking statements in light of future events[220] - Important factors affecting actual results are discussed in the Annual Report on Form 10-K for the year ended December 31, 2024[221] - Forward-looking statements are based on management's expectations and involve risks and uncertainties[219] Accounting Policies - The Company’s accounting policies are updated in accordance with new accounting pronouncements as applicable[216] - The Company’s financial statements are prepared in accordance with U.S. generally accepted accounting principles[215] Sustainability Initiatives - The company continues to focus on sustainability, having introduced the Twentyby30 program with 20 measurable goals to be completed by 2030[136]

Core Insights - Beverage packaging manufacturers are facing challenges due to changing consumer preferences, spending power, and policy impacts across different regions [1] Company Performance - Crown Holdings reported a 5% decline in Americas Beverage volumes in Q3, following a 10% growth in the same quarter last year, primarily due to a 15% volume drop in Brazil and Mexico [3] - Ardagh Metal Packaging experienced a 1% year-over-year dip in global beverage can shipments in Q3, with a 3% decline in the Americas and a 2% growth in Europe [4] - Despite challenges, Ardagh's North American shipments grew by 1%, while Brazilian volumes fell by 17% [4] Market Trends - There is strong customer demand for nonalcoholic beverages in cans in North America, with Ardagh maintaining a full-year shipment growth guidance of mid-single-digit percentage [5] - Market research indicates that nearly half of Americans plan to drink less alcohol in 2025, prompting major beer distributors to adapt [7] Future Outlook - Crown Holdings' CEO expressed optimism about the resilience of beverage cans, predicting volume growth by 2026 [4] - Ardagh is planning projects to retrofit production lines for better adaptability to different can sizes [6]

Core Insights - Zacks Premium offers various tools for investors to enhance their stock market strategies and confidence [1] - The Zacks Style Scores are designed to complement the Zacks Rank, providing additional metrics for stock selection [2] Zacks Style Scores Overview - Stocks are rated A, B, C, D, or F based on value, growth, and momentum characteristics, with higher scores indicating better chances of outperforming the market [3] - The Style Scores are categorized into four types: Value Score, Growth Score, Momentum Score, and VGM Score [3][4][5][6] Value Score - Focuses on identifying undervalued stocks using financial ratios such as P/E, PEG, Price/Sales, and Price/Cash Flow [3] Growth Score - Evaluates stocks based on projected and historical earnings, sales, and cash flow to identify sustainable growth opportunities [4] Momentum Score - Assesses stocks based on price trends and earnings outlook changes, helping investors capitalize on market movements [5] VGM Score - Combines all three Style Scores to provide a comprehensive rating, highlighting stocks with attractive value, growth potential, and positive momentum [6] Zacks Rank Integration - The Zacks Rank utilizes earnings estimate revisions to guide investors, with 1 (Strong Buy) stocks historically yielding an average annual return of +23.81% since 1988, outperforming the S&P 500 [7] - A large pool of stocks is rated, with over 800 top-rated stocks available, making it essential to use Style Scores for better selection [8] Stock Example: Crown Holdings (CCK) - Crown Holdings is a leading global manufacturer of packaging products, rated 2 (Buy) on the Zacks Rank with a VGM Score of A [11] - The company is projected to achieve year-over-year earnings growth of 21.1% for the current fiscal year, supported by positive earnings estimate revisions [12] - CCK has an average earnings surprise of +17.6%, making it a strong candidate for growth investors [12]

Core Insights - Crown Castle Inc. (CCI) reported third-quarter 2025 adjusted funds from operations (AFFO) per share of $1.12, exceeding the Zacks Consensus Estimate of $1.04 per share, but reflecting a nearly 7% decline year over year [1][10] - The company experienced a rise in services and other revenues year over year, but a decrease in site rental revenues impacted overall results [1] - CCI raised its outlook for 2025, adjusting its AFFO per share guidance to a range of $4.23-$4.35, compared to the previous range of $4.14-$4.25 [7][10] Financial Performance - Net revenues for the quarter were $1.07 billion, surpassing the Zacks Consensus Estimate of $1.05 billion, but down 4.3% year over year [2][10] - Total site rental revenues declined 5.1% year over year to $1.01 billion, attributed to a $17 million decrease in amortization of prepaid rent and a $39 million drop in straight-lined revenues [3][10] - The organic contribution to site rental billings was $52 million, reflecting 5.2% year-over-year organic growth, excluding a $51 million negative impact from Sprint cancellations [4] Revenue Breakdown - Services and other revenues increased to $60 million, marking an 11.1% rise from the prior-year quarter, exceeding the estimate of $54.9 million [4] - Quarterly adjusted EBITDA decreased by 7.6% year over year to $718 million [4] Financial Position - CCI ended the third quarter with cash and cash equivalents of $57 million, down from $94 million as of June 30, 2025 [6] - Total debt and other long-term obligations amounted to $21.55 billion as of September 30, 2025, reflecting a 2.2% decrease sequentially [6] 2025 Guidance - The company increased its site rental revenue guidance to a range of $4.007-$4.052 billion, up from the previous range of $3.997-$4.042 billion [7] - Adjusted EBITDA is now estimated in the range of $2.810-$2.860 billion, an increase from the prior range of $2.780-$2.830 billion [7]

Core Insights - Crown Holdings reported better-than-expected third-quarter earnings, with solid growth in both revenue and earnings, and raised its full-year guidance [1][3][4] Financial Performance - Revenue increased by 4.2% to $3.2 billion, surpassing estimates of $3.14 billion [3] - Segment income rose by 4% to $490 million, while adjusted earnings per share (EPS) increased by 13% to $2.24, exceeding the consensus estimate of $1.99 [4] Regional Performance - Strong growth was observed in Europe, with a 12% increase in volume in the European beverage segment, contributing to a 27% rise in segment income [3] Guidance Update - The company raised its full-year adjusted EPS forecast to $7.70 to $7.80, up from a previous range of $7.10 to $7.50, and expects fourth-quarter adjusted EPS of $1.65 to $1.75, compared to the consensus of $1.58 [5] Market Position - Following the earnings report, Jefferies reiterated a buy rating on Crown Holdings, describing the stock as "undervalued" with a price-to-earnings ratio of less than 13, indicating it is well-priced for a leading company in a challenging environment [5]

Core Insights - The company reported earnings of $1.85 per share for the quarter, a significant improvement from a loss of $1.47 per share in the same quarter last year, with adjusted earnings per share at $2.24 compared to $1.99 previously [1] - Net sales increased by 4.2% year-on-year, driven by a 12% rise in shipments in European beverage, despite lower volumes in Latin America [1][4] - The company achieved a segment income of $490 million, up from $472 million in the prior year, reflecting operational improvements and increased volumes in Europe [1][8] - Free cash flow for the nine months ending September 30 improved to $887 million from $668 million, with a commitment to return excess cash to shareholders [1][8] - The company raised its full-year adjusted EPS guidance to a range of $7.7 to $7.8, projecting fourth-quarter adjusted EPS between $1.65 and $1.75 [1] Financial Performance - Earnings per share increased by 13% compared to the previous year, with strong demand in European beverage offsetting weaknesses in Latin America [2][8] - The company repurchased $105 million of common stock in the quarter and $314 million year-to-date, returning over $400 million to shareholders this year [1][8] - The company achieved its long-term net leverage target of 2.5 times in September, indicating a strong balance sheet [1][8] Market Dynamics - European beverage segment income rose by 27% year-on-year, supported by a 12% volume growth, while North American volumes were mixed, down 3% [5][8] - Latin American beverage volumes declined by 5%, primarily due to a 15% drop in Brazil and Mexico, attributed to consumer uncertainty and adverse weather conditions [4][5] - The company noted limited direct impacts from tariffs but remains cautious about indirect effects on global demand [1][8] Operational Insights - The company is focused on maintaining a healthy balance sheet while returning cash to shareholders, with expectations of continued operational improvements [1][8] - The North American food can segment benefited from strong harvest demand and efficiency improvements, contributing to better-than-expected results [7][8] - The company is optimistic about growth in Brazil for the fourth quarter and 2026, supported by government initiatives to lower interest rates [4][8] Future Outlook - The company expects to achieve approximately $1 billion in adjusted free cash flow for 2025 after capital spending of $400 million, with net leverage remaining close to the long-term target [1][8] - The long-term growth rate in Europe is anticipated to stabilize around 4% to 5%, with the company well-positioned to capitalize on market opportunities [12][24] - The company is exploring additional capacity in Europe and is modernizing facilities to enhance output and efficiency [54][65]

Financial Data and Key Metrics Changes - Earnings for the quarter were $1.85 per share compared to a loss of $1.47 per share in the prior year quarter, with adjusted earnings per share at $2.24 compared to $1.99 in the prior year quarter [3] - Net sales in the quarter increased by 4.2% compared to the prior year, reflecting a 12% increase in shipments across European beverage [4] - Free cash flow improved to $887 million from $668 million in the prior year, reflecting higher income and lower capital spending [4] Business Line Data and Key Metrics Changes - Segment income was $490 million in the quarter compared to $472 million in the prior year, driven by increased volumes in Europe and strong results in tin plate businesses [4] - North American beverage volumes were down 3%, while European beverage posted a record quarter with income 27% above the prior year on the back of 12% volume growth [10][11] - Transit packaging income remained level to the prior year, with increased shipments offsetting the impact of lower equipment activity [11] Market Data and Key Metrics Changes - Latin American volumes were down 5% in the quarter, primarily due to a 15% volume decline across Brazil and Mexico [10] - North American volumes were mixed, down 3% after a slow start in July and August, but rebounded in September [10] - Margins across Asia remained above 17% despite lower Southeast Asian volumes of 3% [11] Company Strategy and Development Direction - The company achieved its long-term net leverage target of 2.5 times and remains committed to a healthy balance sheet while returning excess cash to shareholders [5] - The company is raising its guidance for the full year, projecting adjusted EPS to be in the range of $7.70 to $7.80 [5] - The company is focused on continuous operational improvements and maintaining a strong balance sheet to support shareholder returns [12] Management's Comments on Operating Environment and Future Outlook - Management noted limited direct impact from tariffs but remains attentive to indirect effects on global consumer and industrial demand [5] - The company expects the fourth quarter in Brazil to return to growth, supported by government initiatives to lower interest rates [10] - Management expressed confidence in the strength of the beverage can market and consumer demand, despite inflationary pressures [80] Other Important Information - The company repurchased $105 million of common stock in the quarter and $314 million year to date, returning more than $400 million to shareholders this year [4] - The company expects net interest expense of approximately $350 million and a full-year tax rate of 25% [6][7] Q&A Session Summary Question: Growth in Europe and potential concerns about pre-buying - Management indicated that the growth in Europe is largely due to underlying market growth and substitution, with a long-term growth rate of 4% to 5% expected [19] Question: Outlook for Americas EBIT and impact from Mexico and Brazil - Management stated that the $1 billion EBIT target is aspirational but achievable this year, with Brazil and Mexico contributing to the decline in Americas beverage [27] Question: North American volumes and promotional spending - Management noted that North American volumes were down 3%, attributed to a specific customer pruning, and that consumer demand is driving growth rather than promotions [34][36] Question: Capacity in Europe and ability to service demand - Management confirmed that they are adding capacity in Europe and expect to continue to grow volume and income-wise [71] Question: Capital allocation for 2026 - Management indicated that they will responsibly return cash to shareholders while considering capital expenditures in the range of $450 million to $500 million for 2026 [92] Question: Impact of Novelis fire on volumes - Management stated that the direct impact from the Novelis fire is not significant for the company, but they are monitoring potential indirect impacts on customers [112]

Financial Data and Key Metrics Changes - Earnings for the quarter were $1.85 per share compared to a loss of $1.47 per share in the prior year quarter, with adjusted earnings per share at $2.24 compared to $1.99 in the prior year quarter [3] - Net sales in the quarter increased by 4.2% compared to the prior year, reflecting a 12% increase in shipments across European beverage [4] - Segment income was $490 million in the quarter compared to $472 million in the prior year, indicating year-on-year improvements in segment income, adjusted EBITDA, and free cash flow [4][5] - Free cash flow improved to $887 million from $668 million in the prior year [4] Business Line Data and Key Metrics Changes - European beverage posted a record quarter with income 27% above the prior year on the back of 12% volume growth [9] - North American beverage volumes were down 3% in the quarter, with a 5% decline in Brazil and Mexico contributing to this decrease [9][10] - Transit packaging income remained level to the prior year, with increased shipments offsetting the impact of lower equipment activity [10] Market Data and Key Metrics Changes - North American volumes were mixed, down 3% after a slow start in July and August, but rebounded in September [9] - Latin American volumes were down 5%, primarily due to a 15% volume decline across Brazil and Mexico [9] - European beverage growth was driven by market share gains and substitution, with strong demand noted in the Gulf states [10] Company Strategy and Development Direction - The company achieved its long-term net leverage target of 2.5x and remains committed to a healthy balance sheet while returning excess cash to shareholders [5] - The company is raising its guidance for full-year adjusted EPS to $7.70-$7.80, projecting fourth quarter adjusted EPS to be in the range of $1.65-$1.75 [5][6] - The company is focused on continuous operational improvements and maintaining a strong balance sheet to support shareholder returns [11] Management's Comments on Operating Environment and Future Outlook - Management noted limited direct impact from tariffs but remains attentive to indirect effects on global consumer and industrial demand [5] - The company expects the fourth quarter in Brazil to return to growth, supported by government initiatives to lower interest rates [9] - Management expressed confidence in the European market's growth potential, emphasizing that historical growth rates of 4%-5% are expected to continue [18] Other Important Information - The company repurchased $105 million of common stock in the quarter and $314 million year-to-date, returning over $400 million to shareholders this year [4] - The company is monitoring the impact of the Novelis fire on the industry but does not foresee a significant negative impact on its operations [110] Q&A Session Summary Question: Growth in Europe and potential concerns - Management indicated that the 12% growth in Europe is not expected to be sustainable quarter after quarter, with historical growth rates around 4%-5% being more realistic [17][18] Question: Americas EBIT outlook and impact from Mexico and Brazil - Management confirmed that the $1 billion EBIT target is still aspirational but achievable this year, with Brazil and Mexico contributing negatively to the Americas beverage segment [26][27] Question: North American beverage volumes and market dynamics - Management noted that the underperformance in North America was primarily due to pruning a complicated customer account, with overall market growth expected to be positive [32][98] Question: Capital allocation and free cash flow for 2026 - Management stated that they expect to maintain a strong cash flow and will responsibly return cash to shareholders, with potential for share buybacks depending on market conditions [90][92] Question: Impact of Novelis fire on the industry - Management indicated that while there is no direct impact on Crown, they are monitoring the situation as it may affect some customers [110]