CCK to Add Production Line at Ponta Grossa, Sees $800M FCF in 2025

Group 1: Expansion Plans - Crown Holdings, Inc. plans to add a high-speed production line to its beverage can plant in Ponta Grossa, Brazil, to meet growing demands from beverage customers in the region [1][7] - The Ponta Grossa plant, built in 2011, currently operates two high-speed production lines with an annual capacity of 2.4 billion cans, which will increase to 3.6 billion cans upon completion of the third line, making it the largest operation for Crown Holdings in Brazil [2][7] Group 2: Financial Outlook - Crown Holdings expects adjusted free cash flow of $800 million for 2025 and plans to allocate $450 million for capital expenditures in the same year [3][7] - The company projects adjusted earnings per share (EPS) for the second quarter of 2025 to be between $1.80 and $1.90, with a year-over-year growth of 8% based on the midpoint of its annual guidance of $6.70-$7.10 [3] Group 3: Q1 Performance - In the first quarter of 2025, Crown Holdings reported adjusted EPS of $1.67, exceeding the Zacks Consensus Estimate of $1.22 by 37% and marking a 64% year-over-year improvement [4] - Net sales for the quarter reached $2.89 billion, surpassing the Zacks Consensus Estimate of $2.87 billion and reflecting a 3.7% increase from the previous year's $2.78 billion, driven by higher beverage can shipments and the pass-through of increased material costs [5] Group 4: Stock Performance - Crown Holdings' shares have increased by 19.7% over the past year, contrasting with a 4.7% decline in the industry [6]