Crown Holdings Reports Q3 2026 Financial Results and Updates Full-Year Guidance

Crown Holdings, Inc. (NYSE: CCK) Q3 2026 Earnings Release Summary

Crown Holdings furnished an 8-K under Item 2.02 announcing financial results for the third quarter and first nine months ended September 30, 2026.

---

Key Highlights

Third Quarter 2026 Financial Performance

• Net Sales: $3,711 million compared to $3,202 million in Q3 2025, driven by higher global beverage can shipments and the pass-through of $405 million in higher material costs.
• Operating Income: $442 million versus $423 million in Q3 2025.
• Segment Income: $484 million versus $490 million in Q3 2025, with beverage can volume growth offset by input cost inflation.
• Net Income Attributable to Crown Holdings: $225 million compared to $214 million in Q3 2025.
• Diluted EPS: Reported EPS of $2.08 compared to $1.85 in Q3 2025; Adjusted diluted EPS grew 7% to $2.39 compared to $2.24 in Q3 2025.
• Global Beverage Can Shipments: Up over 6% year-over-year, supported by double-digit expansion in Asia, a 6% increase in North America, and 4% growth across Europe.

Nine-Month Results

• Net Sales: $10,638 million compared to $9,238 million in the prior-year period.
• Operating Income: $1,271 million compared to $1,179 million in the first nine months of 2025.
• Net Income: $645 million compared to $588 million in 2025.
• Adjusted Diluted EPS: $6.72 compared to $6.05 in 2025.

---

Capital Allocation & Balance Sheet

• Share Repurchases: Repurchased $81 million of common stock during Q3 2026, bringing total share repurchases over the trailing 12 months to nearly 6% of shares outstanding.
• Leverage: Adjusted net leverage ratio stood at 2.5x adjusted EBITDA.
• Capacity Expansions: Capacity projects in Brazil, Greece, and Spain remain on schedule. In September, the company broke ground on a new beverage can plant in Uttar Pradesh, India, targeted for commercial launch in Q1 2028.

---

Guidance & Outlook

• Full-Year 2026 Adjusted EPS: Expected between $8.35 and $8.45.
• Q4 2026 Adjusted EPS: Expected in the range of $1.63 to $1.73.
• Adjusted Free Cash Flow: Projected to be at least $950 million with planned capital expenditures of approximately $550 million.