Crown Holdings, Inc.: Beat — EPS $2.39, Revenue $3.71B
Earnings BeatQ3 2026 · After-market
@trystockwhiz
Did Crown Holdings, Inc. (CCK) beat earnings today?
Yes, Crown Holdings, Inc. (CCK) beat Wall Street analyst expectations for Q3 2026, reporting higher-than-expected EPS and higher-than-expected revenue.
Earnings Per Share+5.75% surprise
$2.39Actual
Expected: $2.26
vs. year ago +6.7%
Total Revenue+7.44% surprise
$3.71BActual
Expected: $3.45B
vs. year ago +15.9%
Released Oct 19 · 4:05 PM ET
Earning Report
| Metric | Q3 2026 | Q3 2025 | YoY Change % |
|---|---|---|---|
| Net sales | $3.71B | $3.20B | +15.9 |
| Revenue detail — reported lines | |||
| └─Americas Beverage | $1.70B | $1.42B | +20.0 |
| └─European Beverage | $772.00M | $658.00M | +17.3 |
| └─Asia Pacific | $321.00M | $259.00M | +23.9 |
| └─Transit Packaging | $520.00M | $517.00M | +0.6 |
| └─Other | $398.00M | $351.00M | +13.4 |
| Net income | $225.00M | $214.00M | +5.1 |
| Basic EPS | $2.09 | $1.86 | +12.4 |
| Diluted EPS | $2.08 | $1.85 | +12.4 |
| Adjusted diluted EPS | $2.39 | $2.24 | +7.0 |
Financial Outlook / Guidance
| Metric | Q4 2026 Outlook | FY 2026 Outlook |
|---|---|---|
| Adjusted diluted EPS | $1.63-$1.73 | $8.35-$8.45 |
| Adjusted free cash flow | — | at least $950 million |
| Capital spending | — | approximately $550 million |
Business Highlights
- ➤Global beverage can volumes increased 6%.
- ➤Global beverage can shipments posted double-digit gains in Asia.
- ➤Shipments increased 6% in North America and 4% across Europe.
- ➤Capacity expansions in Brazil, Greece and Spain remain on plan.
- ➤Broke ground on a beverage can plant in Uttar Pradesh, India.
- ➤India plant commercial start-up is expected in the first quarter of 2028.
- ➤Repurchased $81 million of common stock during the quarter.
- ➤Acquired nearly 6% of outstanding shares over the past twelve months.
Management Commentary
Timothy J. Donahue, Chairman, President and Chief Executive Officer
“The Company performed well during the third quarter, continuing its pace for another exceptional year in 2026. Robust global beverage can volumes helped offset the majority of rising input cost pressures. Global beverage can shipments advanced by more than 6% in the quarter, driven by double-digit gains in Asia, a 6% increase in North America and 4% growth across Europe.”
Timothy J. Donahue, Chairman, President and Chief Executive Officer
“The outlook for continued long-term growth of beverage can demand remains robust as customers and consumers increasingly recognize aluminum cans as the most sustainable and responsible packaging choice. Cans continue to be the preferred format for brands across both alcoholic and non-alcoholic beverage categories, including many new product introductions worldwide. Previously announced capacity expansion projects in Brazil, Greece and Spain are on plan and will support continued customer needs. During September, groundbreaking commenced on the construction of a beverage can plant in the northern Indian state of Uttar Pradesh, marking Crown's entry into one of the world's fastest growing beverage markets with commercial start-up expected in the first quarter of 2028.”
Timothy J. Donahue, Chairman, President and Chief Executive Officer
“During the quarter, the Company repurchased $81 million of its common stock and has acquired nearly 6% of its outstanding shares over the past twelve months. We remain confident in the Company's long-term prospects and in our ability to generate significant free cash flow. We remain steadfast in our approach to balanced capital allocation, with investment in attractive organic growth opportunities and returns to shareholders supported by our strong balance sheet.”
Kevin C. Clothier, Senior Vice President and Chief Financial Officer
“With our strong year-to-date performance and continued cash generation, Crown is on track to deliver another year of solid earnings and free cash flow. We expect full year adjusted diluted earnings per share to be in the range of $8.35 to $8.45 and adjusted free cash flow to be at least $950 million after capital spending of approximately $550 million. We expect fourth quarter adjusted diluted earnings per share to be in the range of $1.63 to $1.73. With our strong balance sheet and net leverage of 2.5 times, we remain well positioned to invest in attractive organic growth opportunities and return capital to shareholders.”