Crown Holdings(US:CCK) Prnewswire·2025-10-20 20:05Core 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].