earnings
confidence high
sentiment positive
materiality 0.80
Crown Holdings Q3 adj. EPS $1.99 beats prior year; FY guidance raised to $6.25-$6.35
CROWN HOLDINGS, INC.
2024-Q3 EPS reported
$0.55
revenue$8,898,000,000
- Q3 net sales $3,074M (flat YoY); global beverage can shipments +5%.
- Segment income $472M (+10% YoY) driven by improved global beverage operations.
- Reported net loss $175M due to $517M pension settlement charge; adj. EPS $1.99 vs $1.73.
- FY 2024 adj. EPS guidance raised to $6.25-$6.35 from $6.00-$6.25; adj. FCF at least $750M.
- Repurchased $117M of common stock in first nine months; net leverage ratio 3.0x EBITDA.