Live Earnings: Crown Holdings 2nd Quarter Analysis

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Tariff exposure

4:37 pm

Management noted limited tariff exposure remains below $30 million, with no major updates on macro uncertainties in regions like Mexico and Southeast Asia. Focus on manufacturing efficiencies and a strong summer selling season in beverages supports margin expansion, while ongoing share repurchases ($209 million YTD) underscore disciplined capital allocation in a tight supply environment.

Raised Full-Year Guidance

4:36 pm

Based on robust first-half results, Crown lifted its 2025 adjusted EPS outlook to $7.10-$7.50 (from prior analyst estimates around $7.05) and adjusted free cash flow to ~$900 million (up from $800 million guidance). The company reaffirmed its long-term net leverage target of 2.5x, with trailing 12-month adjusted EBITDA up 11% to ~$2.1 billion, positioning it well for increased shareholder returns.

Year-over-year performance

4:33 pm

Year over year metrics

Metric	Q2 25	Q2 24	YoY Change
Revenue	$3.15B	$3.05B	3.11%
Operating Income	$391.00M	$402.00M	-2.74%
Net Income	$181.00M	$174.00M	4.02%

CEO commentary

4:32 pm

“During the second quarter, continued strong performance, led by Americas Beverage, European Beverage and the North American Tinplate businesses led to segment income growth of 9% over the prior year.”

– CEO Timothy J. Donahue

“We remain excited about the Company’s prospects in 2025 with trailing twelve-month adjusted EBITDA through June approaching $2.1 billion, an 11% increase from same prior period.”

– CEO Timothy J. Donahue

CCK earnings are out and stock trading lower

4:30 pm

Earnings are out and shares after-hours are down .72%.

Crown Holdings, Inc. reported strong financial results for Q2 2025, with adjusted diluted earnings per share (EPS) of $2.15, a 19% increase from $1.81 in Q2 2024. The company’s net sales reached $3,149 million, up from $3,040 million in the same quarter last year, driven by increased shipments of beverage and food cans in North America and Europe.

Income from operations rose to $391 million compared to $379 million in Q2 2024. The company highlighted a 9% growth in segment income to $476 million, attributed to strong performance in the Americas and European Beverage segments. CEO Timothy J. Donahue expressed optimism about the company’s prospects, citing improved operational performance and a strong balance sheet. Crown Holdings has raised its full-year 2025 guidance for adjusted EPS to a range of $7.10 to $7.50 and expects approximately $900 million in adjusted free cash flow.

Markets closed and earnings coming shortly

4:02 pm

Crown Holdings earnings will be live momentarily and trading is closed for the day, down 1.35%, ending at $104.80 per share. Stay tuned for earnings analysis and news.

Crown Holdings, Inc. (NYSE: CCK) reports shortly after the market closes and we’ll be providing live earnings analysis in this article. Simply leave this page open and new updates will push once their earnings hit the wires.

Shares are up 22% over the past 6 months but have been flat the 30 days leading up to today’s earnings with analyst ratings including maintains at Hold (Truist Securities), Equal-Weight (Wells Fargo), Outperform (Mizuho), Buy (B of A Securities, UBS), and a downgrade from Outperform to Neutral (Baird).

What to Expect When Crown Holdings Reports Tonight

Here’s the key figures that Wall Street expects from Crown Holdings tonight (based on consensus estimates for Q2 2025):

Revenue: $3.1 billion
EPS: $1.85

And full-year estimates are currently set at:

2025 Revenue: $12.06 billion
2025 EPS: $7.05

Key Themes Wall Street Will Be Watching For

Of course, beyond the headline revenue and EPS figures, Wall Street will be watching:

Impact of Tariffs and Macro Uncertainty: In the Q1 2025 earnings call, management highlighted potential exposure below $30 million from tariffs (below $10 million direct, below $20 million indirect, mainly in transit packaging). With volatile trade tensions, analysts will seek updates on consumer/industrial demand slowdowns, especially in fragile economies like Mexico and Southeast Asia.
Segment Performance and Volume Trends: Q1 saw strong beverage can volumes (up 2% in North America, 11% in Brazil, 5% in Europe) and 16% growth in North American food cans (driven by pet food and vegetables). Watch for confirmation of a “strong summer selling season,” substrate shifts in Europe, and manufacturing efficiencies boosting margins.
Cash Flow and Capital Allocation: Q1 generated positive free cash flow, with $203 million in share repurchases. Guidance projects $800 million full-year adjusted free cash flow after $450 million CapEx, targeting 2.5x net leverage by year-end. Analysts will look for updates on buybacks (~$300 million total expected) and any footprint adjustments amid tight supply in key markets like North America and Europe.

The post Live Earnings: Crown Holdings 2nd Quarter Analysis appeared first on 24/7 Wall St..

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Author: Joel South

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