Crown Holdings beats Q2 revenue on beverage can growth, raises FY adjusted diluted EPS guidance
Reuters2026/07/20 20:28
Overview
Global packaging supplier's Q2 sales and adjusted EPS beat analyst expectations
Company repurchased $305 mln in shares during Q2, nearly 7% of shares over past year
Q2 results driven by 5% global beverage can volume growth and strong tinplate business
Outlook
Crown Holdings raises 2026 adjusted diluted EPS guidance to $8.30-$8.50 from $7.90-$8.30
Company expects Q3 adjusted diluted EPS in the range of $2.20 to $2.30
Crown Holdings expects 2026 adjusted free cash flow of at least $900 mln
Result Drivers
BEVERAGE CAN VOLUME - 5% global beverage can volume growth, led by double-digit gains in Asia and increases in Europe and North America, drove Q2 results
TINPLATE AND EQUIPMENT - Strong results in beverage can equipment and North American tinplate businesses supported segment income
MATERIAL COST PASS-THROUGH - Higher material costs were passed through to customers, increasing net sales
Company press release: ID:nPn60PjNqa
Key Details
Metric |
Beat/Miss |
Actual |
Consensus Estimate |
Q2 Sales |
Beat |
$3.67 bln |
$3.37 bln (14 Analysts) |
Q2 Adjusted EPS |
Beat |
$2.49 |
$2.16 (15 Analysts) |
Q2 EPS |
|
$2.23 |
|
Q2 Net income attributable to company |
|
$245 mln |
|
Q2 Income from Operations |
|
$464 mln |
|
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 12 "strong buy" or "buy", 5 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the non-paper containers packaging peer group is "buy"
Wall Street's median 12-month price target for Crown Holdings Inc is $129.00, about 10.1% above its July 17 closing price of $117.21
The stock recently traded at 14 times the next 12-month earnings vs. a P/E of 12 three months ago
Reuters Recommended Reads
July 20 - Trump signs proclamation adjusting imports of aluminum into US, White House says
July 20 - Coca-Cola appoints JPMorgan, Citi for India bottler IPO, sources say
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Samsung, SK Hynix Capital Expenditures Surge 35% in the First Half of the Year! Nvidia Not Among Samsung's Top Five Customers
In the first half of 2026, Samsung Electronics and SK Hynix’s combined investment in semiconductor facilities reached 43.2 trillion won, a year-on-year increase of 35.1%, with capacity utilization at 100% to meet strong AI storage demand. In terms of customer composition, NVIDIA’s revenue share at SK Hynix dropped to 13.35% and it did not enter Samsung’s top five customers, reflecting that AI storage demand is shifting from reliance on NVIDIA towards a diversified and distributed structure, with competition focusing on next-generation products and a broader group of AI chip clients.
ATOM Jumps 11% as Short Sellers Feel the Heat: Could Cosmos Rally Further?
PEPE holds critical support at $0.00000255, faces weak momentum and 10% downside risk
Fed rate hike expectations cool down, US dollar falls for third consecutive day hitting lowest since May, emerging market currency index surges to all-time high
As traders reduce expectations for the Federal Reserve to tighten monetary policy, the U.S. dollar continues to decline and emerging market currencies have risen to historic highs.
Crypto prices
More
