Crown Holdings Q2 adjusted EPS $1.68 vs $2.10; revenue $3.1B; guides FY adjusted EPS $6.10-$6.30

CROWN HOLDINGS, INC.

2023-Q2 EPS reported $2.16 revenue$6,083,000,000

Net sales $3,109M (-11% YoY) on lower material pass-through and volumes; segment income $414M vs $432M.
Reported diluted EPS $1.31 vs $2.43; adjusted EPS $1.68 vs $2.10.
Q3 adjusted EPS guidance $1.70-$1.80; FY2023 adjusted EPS $6.10-$6.30.
Capex ~$900M, adjusted free cash flow ~$500M; expects capex to drop to ~$500M in 2024/25.
Interest expense rose to $110M from $64M on higher debt and rates.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 1.0

CROWN HOLDINGS, INC. reported third quarter 2023 and full year 2023 results: EPS adjusted diluted earnings per share range: third quarter $1.70 - $1.80, full year $6.10 - $6.30.

Period: third quarter 2023 and full year 2023
EPS: adjusted diluted earnings per share range: third quarter $1.70 - $1.80, full year $6.10 - $6.30
Result: guidance update

Exact text from the filing

We continue to expect full year improved operating results in global beverage as well as in Transit Packaging. Third quarter adjusted diluted earnings per share are expected to be in the range of $1.70 to $1.80 and full year 2023 adjusted diluted earnings per share in the range of $6.10 to $6.30 reflecting the impacts of higher transactional foreign exchange expense and lower equity earnings from our previous guidance. We affirm our previously issued guidance of adjusted EBITDA growth between 8% and 12% for 2023 with an expected adjusted effective tax rate between 24% and 25%.

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Source: SEC EDGAR

accession 0001219601-23-000024

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