secwatch.observer — SEC 8-K summary
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Issuer:     CROWN HOLDINGS, INC. (CCK)
CIK:        0001219601
Form:       8-K
Filed at:   2023-10-23T23:59:59+00:00
Accession:  0001219601-23-000029
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1219601/000121960123000029/0001219601-23-000029-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1219601/000121960123000029/cck-20231023.htm
  HTML page:      https://secwatch.observer/filing/0001219601-23-000029

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer