Crown Holdings Q3 adjusted EPS $1.73, up from $1.46; FY23 guidance $6.00-$6.10

CROWN HOLDINGS, INC.

2023-Q3 EPS reported $3.49 revenue$9,152,000,000

Q3 net sales $3,069M (down 5.8% YoY); segment income $430M (up 28% from $336M).
Adjusted diluted EPS $1.73 vs $1.46 in Q3 2022; reported EPS $1.33 vs $1.06.
North America beverage can volumes up 13%; European Beverage benefited from cost recovery; Transit Packaging improved.
Full-year 2023 adjusted EPS guidance $6.00-$6.10; Q4 adjusted EPS $1.40-$1.50; free cash flow ~$500M.
Acquired Helvetia Packaging in early October; net leverage reduced to 3.5x from ~4.0x three months prior.

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 0.98

CROWN HOLDINGS, INC. reported the third quarter ended September 30, 2023 results: revenue $3,069 million, net income $159 million, EPS $1.33. Guidance raised.

Period: the third quarter ended September 30, 2023
Revenue: $3,069 million
Net income: $159 million
EPS: $1.33
Guidance: raised
Result: reported results

Exact text from the filing

Crown Holdings, Inc. (NYSE: CCK) today announced its financial results for the third quarter ended September 30, 2023. Net sales in the third quarter were $3,069 million compared to $3,259 million in the third quarter of 2022 reflecting higher beverage can volumes in North America and favorable foreign currency translation of $60 million, offset by lower volumes across most other businesses and the pass through of $187 million in lower material costs.

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Source: SEC EDGAR

accession 0001219601-23-000029

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