Crown Holdings beats Q2 revenue on beverage can growth, raises FY adjusted diluted EPS guidance
CCK•Full-year outlook raised
Crown Holdings raised 2026 adjusted diluted EPS guidance to $8.30-$8.50 from $7.90-$8.30.
The company expects third-quarter adjusted diluted EPS in the range of $2.20 to $2.30 and 2026 adjusted free cash flow of at least $900 mln.
Share repurchases and analyst view
The company repurchased $305 mln in shares during the quarter, nearly 7% of shares over the past year.
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 12 "strong buy" or "buy", 5 "hold" and no "sell" or "strong sell". The median 12-month price target is $129.00, about 10.1% above the July 17 closing price of $117.21. The stock recently traded at 14 times the next 12-month earnings versus a P/E of 12 three months ago.
Quarterly results beat expectations
Global packaging supplier Crown Holdings said second-quarter sales and adjusted EPS beat analyst expectations.
| Metric | Beat/Miss | Actual | Consensus Estimate |
|---|---|---|---|
| Q2 Sales | Beat | $3.67 bln | $3.37 bln (14 Analysts) |
| Q2 Adjusted EPS | Beat | $2.49 | $2.16 (15 Analysts) |
| Q2 EPS | $2.23 | ||
| Q2 Net income attributable to company | $245 mln | ||
| Q2 Income from Operations | $464 mln |
Beverage can growth and tinplate strength drove performance
The company said results were driven by 5% global beverage can volume growth, led by double-digit gains in Asia and increases in Europe and North America. Strong results in beverage can equipment and North American tinplate businesses also supported segment income.
