CROWN HOLDINGS, INC. REPORTS SECOND QUARTER 2025 RESULTS

Core Viewpoint - Crown Holdings, Inc. reported strong financial results for the second quarter of 2025, with significant growth in segment income and adjusted earnings per share, driven by robust performance in its Americas and European Beverage segments, as well as operational improvements across its global operations [2][3][5]. Financial Performance - Net sales for the second quarter of 2025 were $3,149 million, an increase from $3,040 million in the same quarter of 2024, attributed to higher shipments of beverage and food cans in North America and Europe, despite lower shipments in Asia Pacific and Transit Packaging [3][6]. - Income from operations rose to $391 million in Q2 2025, compared to $379 million in Q2 2024, while segment income increased to $476 million from $437 million year-over-year, reflecting improved operational performance [4][22]. - Net income attributable to Crown Holdings was $181 million in Q2 2025, up from $174 million in Q2 2024, with reported diluted earnings per share increasing to $1.56 from $1.45 [5][8]. Six-Month Results - For the first half of 2025, net sales reached $6,036 million, compared to $5,824 million in the first half of 2024, driven by higher shipments and the pass-through of increased material costs [6][8]. - Income from operations for the first six months was $756 million, up from $624 million in the same period of 2024, with segment income improving to $874 million from $745 million [7][22]. Outlook - The company has raised its full-year 2025 guidance for adjusted diluted earnings per share to a range of $7.10 to $7.50, reflecting strong performance in the first half of the year [10][11]. - The expected adjusted diluted earnings per share for Q3 2025 is projected to be between $1.95 and $2.05 [10]. Segment Performance - In Q2 2025, the Americas Beverage segment reported net sales of $1,405 million, up from $1,325 million in Q2 2024, while European Beverage sales increased to $635 million from $560 million [23]. - Segment income for Americas Beverage rose to $268 million from $243 million, and for European Beverage, it increased to $97 million from $88 million year-over-year [23]. Cash Flow and Capital Expenditures - The company expects to generate approximately $900 million in adjusted free cash flow for 2025 after capital expenditures of about $450 million [11][12]. - Cash flows from operating activities for the first half of 2025 were $463 million, compared to $343 million in the same period of 2024 [33].