Crown Holdings, Inc. (CCK) Earnings
Crown Holdings, Inc. is expected to report next earnings on July 20, 2026 (in NaN days), with a consensus EPS estimate of $2.15. CCK has beaten EPS estimates in 12 of its last 12 reported quarters (average surprise +9.2% over the last four).
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| Apr 28, 2026 | $1.75 | $1.86 | +6.3% | $3.3B | +7.4% |
| Feb 4, 2026 | $1.69 | $1.74 | +3.0% | $3.1B | +5.1% |
| Oct 20, 2025 | $1.98 | $2.24 | +13.1% | $3.2B | +7.0% |
| Jul 21, 2025 | $1.88 | $2.15 | +14.4% | $3.1B | +1.3% |
| Feb 5, 2025 | $1.51 | $1.59 | +5.3% | $2.9B | +0.4% |
| Oct 17, 2024 | $1.81 | $1.99 | +9.9% | $3.1B | +5.9% |
| Jul 22, 2024 | $1.58 | $1.81 | +14.6% | $3.1B | -0.3% |
| Jul 24, 2023 | $1.64 | $1.68 | +2.4% | $3.1B | -9.4% |
| Feb 7, 2023 | $1.05 | $1.17 | +11.4% | $3.0B | -3.5% |
| Jul 20, 2022 | $2.02 | $2.10 | +4.0% | $3.5B | +9.5% |
| Feb 8, 2022 | $1.54 | $1.66 | +7.8% | $3.1B | +9.4% |
| Jul 19, 2021 | $1.80 | $2.14 | +18.9% | $2.9B | -3.8% |
Source: company filings + earnings calendar. For informational purposes only — not investment advice.
Earnings call summary
Q1 FY2026 · April 28, 2026
AI summary of management’s prepared remarks and analyst Q&A. For informational purposes only — not investment advice.
Management highlights
The company had a firm start to the year with earnings per share up 11% over 2025. Global beverage unit volumes were up 5% in the quarter on the back of strong demand across Europe and Asia Pacific. When coupled with 3% North American food can volume growth, that offset volume declines in Brazil and higher input costs in North America. The conflict in The Middle East continues to create volatility. Global beverage volumes advanced 5% in the quarter, and demand looks to remain strong for the balance of the year despite inflationary pressures on consumers, in what should be very tight market conditions across both North America and Europe. Food can volumes up 3%, following 5% growth in the prior-year first quarter. Earnings per share up 11% to $1.86. We returned in excess of $250 million to shareholders in the first quarter, and in the last five quarters have repurchased approximately 6% of outstanding company common stock. The balance sheet remains strong. Cash flow is significant, which will allow for the continued return of value to shareholders.
Guidance
Second quarter 2026 adjusted earnings per diluted share are projected to be in the range of $2.10 to $2.20 per share, and full year is projected to be $7.90 to $8.30 per share, with a $0.05 headwind in the second quarter and a $0.10 headwind for the full year due to the conflict in The Middle East. We maintain our 2026 full year free cash flow guidance of approximately $900 million after $550 million of capital spending. The company's net leverage was 2.7 times at the end of the first quarter, reflecting seasonal working capital build. The company expects year-end net leverage to be approximately 2.5 times, in line with our long-term target. Share repurchases are expected to be approximately $600 million.
Segment performance
Americas Beverage: Sales increased 16% in the quarter, unit volumes in Americas up 1% (North America up 1%, Brazil down 5%), income down about 10% in the quarter. European Beverage: Volumes advanced 7% in the quarter, leading to a 28% increase in segment income. Asia Pacific Beverage: Income advanced 10% in the quarter on the back of 17% unit volume gains. Transit Packaging: Volumes held up well in the first quarter, but margins were down compared to the prior year as input cost inflation ran ahead of price recovery. North American Food Cans: First quarter volumes advanced 3%, and income in Other increased $18 million in the quarter.
Risks & headwinds
The conflict in The Middle East creates volatility across energy, transportation, and direct materials. Volume declines in Brazil and parts of North America. Raw material cost increases not fully recovered through contractual pricing formula. Supply chain risks such as operational curtailments in Dubai. Macro-economic uncertainties affecting consumer承受力.
Analyst Q&A
Q: Did the supply chain issues give you any volume opportunities?
A: Not yet seen, but we can leverage global network to reroute supplies.
Q: Any concerns on volumes being prebuy?
A: North American customers keep little inventory, so not much prebuy.
Q: How comfortable are you in meeting demand if market growth is better?
A: We have room to do better but have limitations.
Q: How big is the India market and your position?
A: Market is roughly 4-5 billion units growing 15-20% per year, we supply very little now but adding capacity.
Q: Thoughts on consumer elasticity?
A: Consumers have to eat and drink, canned food offers good value, but watch inflation impact.