Crown Holdings, Inc. (CCK) Q1 2026 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:05.677 Good morning and welcome to Crown Holdings first quarter 2026 conference call. 00:00:05.677 -- 00:00:10.021 Your lines have been placed on a listen only mode until the question and answer session. 00:00:10.021 -- 00:00:13.064 Please be advised that this conference is being recorded. 00:00:13.064 -- 00:00:16.227 I would now like to turn the conference over to Mr. 00:00:16.227 -- 00:00:20.011 Kevin Cloutier, Senior Vice President and Chief Financial Officer. 00:00:20.011 -- 00:00:22.494 Sir, you may begin. 00:00:22.494 -- 00:00:27.379 Thank you, Elle, and good morning. With me on today's call is Tim Donahue, President 00:00:27.379 -- 00:00:32.686 and Chief Executive Officer. If you don't already have the earnings release, it is available 00:00:32.686 -- 00:00:35.908 on our website at crowncourt.com. 00:00:36.030 -- 00:00:40.876 On this call, as in the earnings release, we will be making a number of forward-looking 00:00:40.876 -- 00:00:45.481 statements. Actual results could vary from such statements. 00:00:45.481 -- 00:00:50.967 Additional information concerning factors that could cause actual results to vary is 00:00:50.967 -- 00:00:56.053 contained in the press release and our SEC filings, including our Form 10-K 00:00:56.053 -- 00:00:59.718 for 2025 and subsequent filings. 00:00:59.718 -- 00:01:05.503 Earnings for the quarter were $1.56 per share compared to $1.65 00:01:05.503 -- 00:01:10.568 per share in the prior year quarter. Adjusted earnings per share 00:01:10.568 -- 00:01:13.348 were $1.86, up 11% 00:01:13.991 -- 00:01:17.314 compared to $1.67 in the 00:01:17.314 -- 00:01:22.538 prior year quarter. Net sales for the quarter were up 13% compared to the prior 00:01:22.538 -- 00:01:28.979 year quarter, reflecting a 5% increase...