CCK · Crown Holdings, Inc.

Crown Holdings started 2026 with solid operational performance, driven by a 5% increase in global beverage can shipments. This growth was primarily led by robust demand in the European and Asia-Pacific regions, which helped offset a 1% volume advancement in North America. The North American segment faced headwinds from winter storms in January but recovered in March with an 8% shipment increase over the prior year. Net sales rose to $3,259 million from $2,887 million in the prior year quarter, largely due to the pass-through of $234 million in higher material costs and favorable foreign currency impacts of $74 million. Segment income improved to $405 million, supported by European and Asian beverage businesses, though partially offset by lower shipments in Brazil and reduced input cost recovery in North America.

The company reported GAAP diluted EPS of $1.56, down from $1.65, but adjusted diluted EPS increased 11% to $1.86, excluding items like intangibles amortization and restructuring costs. Management highlighted the company's ability to maintain operations and supply chains despite the challenging environment. Looking forward, Crown Holdings reaffirmed its full-year 2026 adjusted diluted EPS guidance of $7.90 to $8.30 and expects to generate approximately $900 million in adjusted free cash flow. Strategic expansion continues with the announcement of a new greenfield beverage can plant in Northern India, expected to be operational in the second half of 2027.