Crown Holdings Q1 adjusted EPS $2.01 beats $1.83; guides FY $8.00-8.20

CROWN HOLDINGS, INC.

2022-Q1 EPS reported $1.74 revenue$3,162,000,000

Net sales $3,162M vs $2,564M (+23%); reported EPS $1.74 vs $1.57.
Segment income $383M, up from $369M; strong North American tinplate and beverage can volumes.
Repurchased $400M in shares YTD; sold Kiwiplan for $182M (expected Q2 close, ~$100M after-tax gain).
Q2 adjusted EPS guidance $2.00-2.10; full-year adjusted EPS $8.00-8.20.
Global beverage can projects on track; new plants in VA, NV, Brazil, UK by end of 2023.

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