CROWN HOLDINGS, INC. REPORTS THIRD QUARTER 2026 RESULTS

Timothy J. Donahue, Chairman, President and Chief Executive Officer of Crown Holdings, Inc.

“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 of Crown Holdings, Inc.

“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 of Crown Holdings, Inc.

“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 of Crown Holdings, Inc.

“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.”