secwatch.observer — SEC 8-K summary
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Issuer:     CROWN HOLDINGS, INC. (CCK)
CIK:        0001219601
Form:       8-K
Filed at:   2024-10-17T23:59:59+00:00
Accession:  0001219601-24-000035
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Crown Holdings Q3 adj. EPS $1.99 beats prior year; FY guidance raised to $6.25-$6.35
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1219601/000121960124000035/0001219601-24-000035-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1219601/000121960124000035/cck-20241017.htm
  HTML page:      https://secwatch.observer/filing/0001219601-24-000035

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