Core Insights - Crown Holdings, Inc. reported strong third-quarter earnings, with adjusted earnings per share of $2.24, surpassing analyst expectations of $2 [2] - The company's quarterly revenue reached $3.2 billion, exceeding the Street estimate of $3.12 billion [2] Financial Performance - Adjusted diluted earnings per share increased by 13% compared to the previous year, while segment income rose by 4% [3] - The European Beverage segment experienced a significant volume growth of 12%, contributing to a 27% increase in European segment income [4] Market Outlook - Crown Holdings raised its fiscal 2025 adjusted EPS guidance from a range of $7.10 to $7.50 to a new range of $7.70 to $7.80, compared to the analyst estimate of $7.39 [4] - The stock price of Crown Holdings increased by 7.51%, reaching $101 in extended trading [5]

Financial Performance - Net sales for Q3 2025 were $3,202 million, up from $3,074 million in Q3 2024, driven by increased shipments in European Beverage and higher material costs of $104 million[3]. - Adjusted diluted earnings per share increased 13% to $2.24 in Q3 2025 compared to $1.99 in Q3 2024, while reported diluted earnings per share were $1.85 compared to a loss of $1.47 in the prior year[5]. - Segment income for Q3 2025 was $490 million, up from $472 million in Q3 2024, primarily due to stronger results in European Beverage and North American tinplate businesses[4]. - Net income attributable to Crown Holdings in Q3 2025 was $214 million, compared to a loss of $175 million in Q3 2024[5]. - For the first nine months of 2025, net sales were $9,238 million, up from $8,898 million in the same period of 2024, reflecting higher shipments in European Beverage and North American food can[6]. - Income from operations for the first nine months of 2025 was $1,179 million, compared to $1,068 million in the first nine months of 2024[7]. - Total net sales for Q3 2025 reached $3,202 million, a 4.2% increase from $3,074 million in Q3 2024[22]. - Segment income for Q3 2025 was $490 million, up 3.8% from $472 million in Q3 2024[22]. - Adjusted net income for Q3 2025 was $259 million, or $2.24 per diluted share, compared to $238 million, or $1.99 per diluted share in Q3 2024[24]. Cash Flow and Capital Expenditures - Cash flows from operating activities for the first nine months of 2025 totaled $1,043 million, an increase from $897 million in the same period of 2024[27]. - Capital expenditures for the first nine months of 2025 were $181 million, compared to $254 million in the same period of 2024[27]. - The company expects to generate approximately $1.0 billion in adjusted free cash flow in 2025 after capital spending of about $400 million[11]. Debt and Leverage - The company achieved a long-term adjusted net leverage target of 2.5x as of September 30, 2025, and returned over $400 million to shareholders through share repurchases and dividends[3]. - Total debt decreased to $6,204 million as of September 30, 2025, from $6,389 million a year earlier, showing a reduction of 2.9%[31]. - Net debt stood at $5,286 million for the twelve months ended September 30, 2025, compared to $5,217 million for the same period in 2024, representing a slight increase of 1.3%[31]. - The adjusted net leverage ratio improved to 2.7x for the twelve months ended September 30, 2025, down from 3.0x a year prior, indicating a stronger balance sheet[31]. Tax and Other Costs - The adjusted effective tax rate for 2025 is expected to be approximately 25%[11]. - The effective tax rate as reported for Q3 2025 was 26.1%, compared to 22.0% in Q3 2024[24]. - Restructuring and other costs increased to $75 million for YTD 2025, compared to $27 million in YTD 2024, marking a significant rise of 177.8%[31]. Assets and Amortization - Total assets decreased to $14,553 million as of September 30, 2025, down from $15,095 million in 2024[26]. - Intangibles amortization decreased to $110 million for YTD 2025 from $122 million in YTD 2024, a decline of 9.8%[31]. - The company reported a total of $918 million in cash as of September 30, 2025, down from $1,172 million a year earlier, a decrease of 21.6%[31]. Other Financial Metrics - Adjusted EBITDA for the twelve months ended September 30, 2025, was $1,942 million, up from $1,907 million for the same period in 2024, indicating an increase of 1.8%[31]. - The company recorded a net restructuring charge of $30 million in Q3 2025, primarily related to asset impairment and severance costs[24]. - Depreciation expenses were $230 million for YTD 2025, slightly up from $222 million in YTD 2024, an increase of 3.6%[31]. - The company experienced a favorable impact of foreign currency translation of $34 million on net sales in Q3 2025[30].

Crown Holdings (NYSE:CCK) shares jumped 15% in extended trading Monday after the packaging manufacturer reported third-quarter results that exceeded Wall Street expectations and raised its full-year earnings forecast. The company posted adjusted earnings of $2.24 per share, up 13% from $1.99 a year earlier ...

Core Insights - Crown Holdings, Inc. reported strong financial results for the third quarter of 2025, with adjusted diluted earnings per share increasing by 13% to $2.24 compared to $1.99 in the same quarter of 2024, and net income attributable to the company reaching $214 million, a significant recovery from a loss of $175 million in the prior year [5][14][21]. Financial Performance - Net sales for the third quarter of 2025 were $3,202 million, up from $3,074 million in the third quarter of 2024, driven by increased shipments in European Beverage and the pass-through of higher material costs [3][17]. - Income from operations was $423 million in Q3 2025, compared to $444 million in Q3 2024, while segment income increased to $490 million from $472 million, reflecting stronger results in European Beverage and North American tinplate businesses [4][19]. - For the first nine months of 2025, net sales totaled $9,238 million, up from $8,898 million in the same period of 2024, with net income attributable to Crown Holdings reaching $588 million compared to $66 million in 2024 [7][17]. Outlook and Guidance - The company raised its full-year guidance for adjusted diluted earnings per share to a range of $7.70 to $7.80, with expectations for fourth-quarter adjusted diluted earnings per share between $1.65 and $1.75 [8][9]. - Crown Holdings anticipates generating approximately $1.0 billion in adjusted free cash flow for 2025, after capital expenditures of around $400 million [9][29]. Shareholder Returns - The company returned over $400 million to shareholders in the form of share repurchases and dividends during the first nine months of 2025 [3][14]. - Crown Holdings achieved its long-term adjusted net leverage target of 2.5x as of September 30, 2025, indicating a strong balance sheet and commitment to returning excess cash to shareholders [3][14].

Group 1 - U.S. stock futures are trading higher, indicating potential investor interest in specific stocks today [1] - Cleveland-Cliffs Inc is expected to report a quarterly loss of 48 cents per share on revenue of $4.90 billion, with shares falling 0.3% to $13.28 in after-hours trading [2] - Steel Dynamics Inc is projected to post quarterly earnings of $2.64 per share on revenue of $4.80 billion, with shares declining 2.3% to $142.65 [2] - Ames National Corp reported third-quarter earnings of 51 cents per share, up from 25 cents per share year-over-year, with quarterly sales increasing to $16.583 million from $13.490 million; shares fell 2% to $19.68 [2] - W R Berkley Corp is projected to report quarterly earnings of $1.09 per share on revenue of $3.71 billion, with shares decreasing 0.9% to $73.41 in after-hours trading [2] - Crown Holdings Inc is expected to report quarterly earnings of $2.00 per share on revenue of $3.13 billion, with shares falling 0.8% to $93.12 in after-hours trading [2]

Core Viewpoint - Crown Holdings, Inc. has experienced a slight decrease in the consensus price target, reflecting a more conservative outlook from analysts, despite some optimism regarding its future performance [2][5]. Group 1: Company Overview - Crown Holdings, Inc. is a well-established company that designs, manufactures, and sells packaging products and equipment for various industries, including consumer goods and industrial products [1]. - The company was founded in 1892 and is headquartered in Yardley, Pennsylvania, operating in a competitive market with key players like Ball Corporation and Ardagh Group [1]. Group 2: Price Target and Analyst Outlook - The consensus price target for Crown Holdings has decreased from $116.5 to $110 over the past year, indicating a conservative outlook from analysts [2][5]. - Despite the decrease, the price target has remained stable over the last quarter and month, suggesting that analysts' views have recently stabilized [2]. - Gabe Hajde from Wells Fargo has set a higher price target of $152, reflecting confidence in the stock's potential [2]. Group 3: Earnings Predictions - Analysts predict a decline in Crown Holdings' earnings in the upcoming financial report, with Gabe Hajde noting that the company may lack the necessary factors to surpass earnings expectations [3]. - Despite the predicted decline in earnings, Crown Holdings has been upgraded to a Zacks Rank 2 (Buy), indicating optimism about its future performance [3][5]. Group 4: Factors Influencing Stock Price - Investors should consider recent company developments, earnings reports, and industry trends that could impact Crown Holdings' stock price [4][5]. - Factors such as changes in raw material costs, shifts in consumer demand, and global economic conditions can influence the company's financial performance and analysts' price targets [4].

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Core Insights - Crown Holdings, Inc. is a leading global packaging company, focusing on consumer goods packaging, with key segments including beverage cans, food cans, and aerosol containers [1] - The company is set to release its quarterly earnings on October 20, 2025, with analysts estimating an EPS of $1.98 and projected revenue of approximately $3.13 billion [1] Financial Performance Expectations - Analysts expect Crown Holdings to report an EPS of $1.98, reflecting a slight decline of 0.5% from the previous year, while revenues are anticipated to rise by 3.9% to $3.19 billion for the quarter ending September 2025 [2][6] - The consensus EPS estimate has been revised upward by 1.1% over the past 30 days, indicating a positive reassessment by analysts [2] Market Sentiment and Stock Impact - The Zacks Consensus Estimate aligns with Wall Street's outlook, predicting an EPS of $1.98, which underscores market expectations for Crown's performance [3] - The upcoming earnings report could significantly impact Crown's stock price, with potential upward movement if actual earnings exceed estimates, or a decline if they fall short [3] Analyst Ratings and Valuation Metrics - Crown Holdings has been upgraded to a Zacks Rank 2 (Buy), reflecting growing optimism about its earnings prospects and indicating it could be an attractive choice for investors [4][6] - The company has a price-to-earnings (P/E) ratio of approximately 19.26, a price-to-sales ratio of about 0.89, and an enterprise value to sales ratio of 1.36, indicating how the market values its earnings and sales [5]

Core Insights - Analysts project Crown Holdings (CCK) will report quarterly earnings of $1.98 per share, reflecting a year-over-year decline of 0.5%, with revenues expected to reach $3.19 billion, an increase of 3.9% from the same quarter last year [1]. Earnings Projections - The consensus EPS estimate has been revised upward by 1.1% in the past 30 days, indicating a reassessment of initial estimates by covering analysts [2]. - Changes in earnings projections are crucial for predicting investor reactions, as empirical studies show a strong correlation between earnings estimate trends and short-term stock price movements [3]. Sales Estimates - Analysts estimate 'External Sales- Americas Beverage' will reach $1.49 billion, up 8.6% year-over-year [5]. - 'External Sales- European Beverage' is projected at $640.06 million, reflecting an increase of 11.7% from the previous year [5]. - 'External Sales- Transit Packaging' is forecasted to be $498.93 million, indicating a decline of 5.2% year-over-year [5]. - 'External Sales- Other segments' is expected to reach $331.08 million, showing a year-over-year increase of 2.5% [6]. - 'External Sales- Asia Pacific' is projected at $276.20 million, down 2.8% from the year-ago quarter [6]. Segment Income Estimates - 'Segment Income- Americas Beverage' is estimated at $282.74 million, slightly up from $280.00 million reported in the same quarter last year [7]. - 'Segment Income- European Beverage' is projected at $96.29 million, compared to $86.00 million in the same quarter of the previous year [7]. - 'Segment Income- Transit Packaging' is expected to be $62.29 million, down from $70.00 million year-over-year [8]. - 'Segment Income- Other segments' is estimated at $30.63 million, up from $27.00 million reported last year [8]. - 'Segment Income- Asia Pacific' is projected at $45.15 million, down from $50.00 million in the previous year [9]. Stock Performance - Over the past month, shares of Crown have returned -4.8%, contrasting with a +1% change in the Zacks S&P 500 composite [9]. - Currently, CCK holds a Zacks Rank 3 (Hold), suggesting its performance may align with the overall market in the near future [9].

Core Insights - Sapphire Princess has undergone a two-week drydock in Portland, Oregon, and is set to unveil new guest experiences, including the addition of two specialty restaurants, Makoto Ocean and Crown Grill, starting November 16, 2025 [1][2]. Group 1: New Dining Experiences - Makoto Ocean, featuring Edomae-style sushi by Chef Makoto Okuwa, replaces the former Internet Café on Deck 7, offering a premium menu with items like truffle salmon and toro tartare [2]. - Crown Grill, now located in the former Savoy Dining Room on Deck 5, is recognized as one of the "Best Cruise Ship Steakhouses at Sea," serving premium aged beef and seafood [3]. - Both dining experiences are priced at $60 per person and are included in the Princess Premier package [3]. Group 2: Upcoming Itineraries - Following its revitalization, Sapphire Princess will sail to Mexico, then reposition for South America/Antarctica cruises, and later for Mediterranean and Northern Europe voyages in spring and summer 2026 [4]. - In March 2027, Sapphire Princess will reunite with sister ship Diamond Princess in Japan for an extensive cruise season [5]. Group 3: Company Statements - Sami Kohen, Vice President of Food and Beverage at Princess Cruises, emphasized the enhancement of the culinary journey for guests aboard Sapphire Princess with the addition of the new dining options [6].