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Crown Holdings (CCK)
NYSE:CCK
Earnings Data
Report Date
Apr 28, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
1.23Last Year’s EPS
1.02Same Quarter Last Year
Strong Buy
Based on 12 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 05, 2025
|% Change Since: 3.73%
|Next Earnings Date:Apr 28, 2025
Earnings Call Sentiment|Positive
The earnings call reflected strong financial performance with record EBITDA, significant cash flow generation, and growth in key segments like beverage cans. However, challenges in transit packaging and subdued consumer demand in Asia Pacific were noted. The potential impact of tariffs on consumer demand was also a concern.Company Guidance
During Crown Holdings' Fourth Quarter 2024 conference call, the company provided guidance for the upcoming fiscal year. They projected first-quarter 2025 adjusted earnings per diluted share to be between $1.20 and $1.30. For the full year, the adjusted earnings are expected to range from $6.60 to $7.00 per share. Key financial assumptions include a net interest expense of approximately $355 million to $360 million, a full-year tax rate of about 25%, and depreciation around $310 million. The company also anticipates non-controlling interest expense to be approximately $150 million, with dividends to non-controlling interests expected to be around $130 million. Additionally, Crown Holdings estimates their 2025 full-year adjusted free cash flow at approximately $800 million after $450 million of capital expenditures. The year-end net leverage is forecasted to be closer to their target ratio of 2.5.Strong Earnings Performance
Earnings for the quarter were $3.02 per share, including a $2.32 per share gain from the sale of Eviosus, compared to $0.27 per share in the prior year quarter. Adjusted earnings per share were $1.59 compared to $1.24 in the prior year quarter.
Record EBITDA Achievement
The company delivered record adjusted EBITDA of $1.942 billion for 2024, surpassing the previous record of $1.882 billion from 2023.
Beverage Can Volume Growth
Global beverage can volumes increased by 4%, with significant growth in North American and Brazilian markets.
Debt Reduction and Improved Leverage
Net debt was reduced by $878 million, bringing the net leverage ratio down to 2.7 times at year-end.
Significant Cash Flow Generation
The company generated $814 million in free cash flow and returned $336 million to shareholders through dividends and share repurchases.
European Beverage Segment Growth
European beverage volumes increased 8% in the fourth quarter, leading to a record income performance for the segment.
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CCK Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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CCK Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 05, 2025 | $85.10 | $87.35 | +2.64% |
| Oct 17, 2024 | $93.58 | $97.48 | +4.17% |
| Jul 22, 2024 | $77.03 | $83.90 | +8.92% |
| Apr 29, 2024 | $80.38 | $81.36 | +1.22% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Crown Holdings (CCK) report earnings?
Crown Holdings (CCK) is schdueled to report earning on Apr 28, 2025, TBA Not Confirmed.
What is Crown Holdings (CCK) earnings time?
Crown Holdings (CCK) earnings time is at Apr 28, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is CCK EPS forecast?
CCK EPS forecast for the fiscal quarter 2025 (Q1) is 1.23.
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