Crown Holdings, Inc. (CCK) Q1 2025 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:04.837 Good morning and welcome to Crown Holdings' first quarter 2025 conference call. 00:00:04.837 -- 00:00:09.183 Your lines have been placed on a listen-only mode until the question and answer session. 00:00:09.183 -- 00:00:12.006 Please be advised that this conference is being recorded. 00:00:12.006 -- 00:00:13.909 I would now like to turn the call over to Mr. 00:00:13.909 -- 00:00:17.513 Kevin Cloutier, Senior Vice President and Chief Financial Officer. 00:00:17.513 -- 00:00:20.014 Sir, you may begin. 00:00:20.036 -- 00:00:25.223 Thank you, Elle, and good morning. With me on today's call is Tim Donahue, President 00:00:25.223 -- 00:00:27.466 and Chief Executive Officer. 00:00:27.466 -- 00:00:33.579 If you don't already have the earnings released, It's available on our website at crowncourt.com. 00:00:33.702 -- 00:00:38.429 On this call, as in the earnings release, we will be making a number of forward-looking 00:00:38.429 -- 00:00:43.636 statements. Actual results could vary materially from such statements. 00:00:43.636 -- 00:00:49.144 Additional information concerning factors that could cause actual results to vary 00:00:49.144 -- 00:00:54.152 is contained in the press release and in our SEC filings, including our 00:00:54.152 -- 00:00:58.638 Form 10-K for 2024 and subsequent filings. 00:00:58.638 -- 00:01:02.740 Earnings for the quarter were $1.65 per 00:01:02.942 -- 00:01:07.887 share compared to $0.56 per share in the prior year quarter. 00:01:07.887 -- 00:01:12.431 Adjusted earnings per share were $1.67 compared 00:01:12.431 -- 00:01:18.257 to $1.02 in the prior year quarter. Net sales in the quarter 00:01:18.257 -- 00:01:23.262 were up 3.7 percent compared to the prior year quarter, reflecting 00:01:23.262 -- 00:01:28.338 a 1 p...