Crown Holdings Posts 3Q EPS of $2.08
CCK sits 26% above its 52-week low of $91.31.
Summary
Crown Holdings reported third-quarter EPS of $2.08, alongside net income of $225M and sales of $3.71B, with adjusted EPS of $2.39. The company guided fourth-quarter adjusted EPS to $1.63 to $1.73 and reaffirmed full-year 2026 adjusted EPS guidance of $8.35 to $8.45 and adjusted free cash flow of at least $950 million. Context: Q2 net income rose 35% year over year to $245M on volume growth and heavy buybacks ($517M in H1), and the company raised 2026 EPS guidance in July. The comparison to Q2's $2.23 per share and to consensus is not yet determinable from this item, and whether $2.08 represents a sequential step-down or a year-over-year gain hinges on the year-ago figure.
Updated with an SEC 8-K filing · What changed
Updates
· SEC 8-K — Crown reaffirmed full-year 2026 adjusted EPS guidance of $8.35 to $8.45 and adjusted free cash flow of at least $950 million.
At the time of this announcement, CCK was trading at $114.88 on NYSE in the Industrial Applications And Services sector, with a market capitalization of approximately $12.5B. The 52-week trading range was $91.31 to $122.91. This news item was assessed with neutral market sentiment and an importance score of 7 out of 10. Source: Dow Jones Newswires.