CROWN HOLDINGS, INC. REPORTS SECOND QUARTER 2026 RESULTS

About this update from Crown Holdings, Inc.

TAMPA, Fla., July 20, 2026 /PRNewswire/ -- Crown Holdings, Inc. (NYSE: CCK) today announced its financial results for the second quarter ended June 30, 2026.HighlightsSecond Quarter Diluted earnings per share of $2.23 versus $1.56 in 2025Adjusted diluted earnings per share increased 16% to $2.49 compared to $2.15 in 2025Global beverage can volumes increased 5%Share repurchases of $305 million during the quarter.  Total share repurchases almost 7% of outstanding Company shares over previous twelve monthsNet leverage ratio of 2.5x adjusted EBITDA2026 Outlook Full year guidance range for adjusted diluted earnings per share increased to $8.30 to $8.50 with adjusted free cash flow of at least $900 millionCommenting on the quarter, Timothy J. Donahue, Chairman, President and Chief Executive Officer, stated, "The Company continued its strong 2026 performance with excellent second quarter results.  Global beverage can volume growth of 5% in the quarter was driven by double-digit gains in Asia and increases of 7% and 5% in Europe and North America, respectively, which more than offset softer demand in Latin America.  Second quarter segment income results also reflect robust results across the Company's beverage can equipment and North American Tinplate businesses. The Transit business performed well despite a continuing tepid global industrial production environment."The Company is on pace for another exceptional year in 2026.  Notably, we expect that global beverage can demand will continue to thrive, as customers and consumers alike continue to increasingly prefer aluminum cans as the most sustainable and responsible beverage packaging option.  Cans are the ideal package for brands in both the alcoholic and non-alcoholic segments and continue to be the choice for new beverage product introductions around the world.  To meet this expanded demand, the Company is advancing as planned with previously announced capacity expansion projects in Brazil, Greece and Spain as well as the construction of a state-of-the-art facility in Northern India, marking Crown's entry into one of the world's fastest growing beverage markets."The Company has repurchased more than $500 million in stock during the first six months of the year, reflecting both our confidence in the long-term outlook for the Company and the continued strength ...

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