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Crown Holdings Reports 5% Increase in Q2 Global Beverage Can Volumes
Crown Holdings says Q2 global beverage can volumes increased 5%
FY26 Consensus at $8.11, Sees Adjusted Free Cash Flow of At Least $900M
FY26 consensus $8.11. Sees FY26 adjusted free cash flow of at least $900M.
Company Raises 2026 Adjusted EPS Guidance to $8.30-$8.50
Kevin Clothier, Senior Vice President and CFO, commented "The global beverage can market remains healthy, our manufacturing network continues to perform at a high level and our balance sheet remains strong. As a result, the Company is raising 2026 adjusted diluted earnings per share guidance from a range of $7.90 to $8.30 to a range of $8.30 to $8.50 and expects third quarter adjusted diluted earnings per share in the range of $2.20 to $2.30."
Company Reports Q2 Revenue of $3.67B, Beating Expectations
Reports Q2 revenue $3.67B, consensus $3.37B. Commenting on the quarter, Timothy J. Donahue, Chairman, President and Chief Executive Officer, stated, "The Company continued its strong 2026 performance with excellent second quarter results. Global beverage can volume growth of 5% in the quarter was driven by double-digit gains in Asia and increases of 7% and 5% in Europe and North America, respectively, which more than offset softer demand in Latin America. Second quarter segment income results also reflect robust results across the Company's beverage can equipment and North American Tinplate businesses. The Transit business performed well despite a continuing tepid global industrial production environment."
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