earnings
confidence high
sentiment positive
materiality 0.80
Crown Holdings Q2 adjusted EPS $2.10, revenue $3.5B; guides FY adjusted EPS $7.65-$7.85
CROWN HOLDINGS, INC.
2022-Q2 EPS reported
$4.15
revenue$6,672,000,000
- Q2 reported EPS $2.43 vs $0.95; adjusted EPS $2.10 vs $2.14; revenue $3.51B +23%.
- Global beverage can volumes up 4%; two-piece food can volumes up 43%.
- Kiwiplan sale completed for $180M, net after-tax gain $102M.
- Transit Packaging restructuring: $29M charge, expects $60M annual savings, 600 headcount reduction.
- FY 2022 adjusted EPS guidance $7.65-$7.85; Q3 guide $1.75-$1.85; $0.50 FX/energy headwind.