Crown Holdings Stock Price, News & Analysis

Crown Holdings (NYSE: CCK) announced key executive leadership changes effective July 1, 2025. Djalma Novaes, Jr., current President of Americas Division, will be promoted to Executive Vice President and Chief Operating Officer, overseeing Americas and European Divisions, Global Sourcing, and CMB Engineering. Gerard Gifford, who has served as EVP and COO since 2017, will transition to Executive Vice President and Chief Administrative Officer until his planned retirement in early 2026. Under Novaes' leadership since 2015, the Americas Division has doubled its segment income and strengthened market positions. Novaes brings 27 years of experience with Crown, having joined in 1998, and holds a BS in Mechanical Engineering and an MBA. Gifford, who joined Crown in 1983, has been credited with driving exceptional results through customer satisfaction and operational excellence.

Crown Holdings (NYSE: CCK) announced a leadership transition in its Asia Pacific division. Carlos Baila will step down as President of Asia Pacific on June 30, 2025, with Dr. John Rost taking over the role on July 1, 2025. Dr. Rost, currently Senior Vice President of Technology, Sustainability and Regulatory Affairs, brings extensive experience since joining Crown in 1997. He established the company's global regulatory team and led the Twentyby30 sustainability program. In 2023, he was promoted to oversee Crown's Technology Centers. CEO Timothy Donahue acknowledged Baila's contributions in growing segment income through capacity optimization and revenue quality improvements during challenging market conditions. Dr. Rost holds a BS in Chemistry and a Ph.D. in Organic Chemistry.

Crown Holdings (NYSE: CCK) announced plans to expand its Ponta Grossa beverage can plant in Parana, Brazil by adding a third high-speed production line. The expansion will increase the plant's annual production capacity from 2.4 billion to 3.6 billion cans, making it Crown's largest operation in Brazil. The new line will serve growing demand from both alcoholic and non-alcoholic beverage customers in southern Brazil. Commercial production is scheduled to begin in Q3 2026. The company maintains its 2025 guidance of approximately $800 million in adjusted free cash flow and capital expenditures of around $450 million.

Crown Holdings (NYSE: CCK) has announced the pricing of $700 million in senior unsecured notes due 2033, issued at par through its subsidiary Crown Americas LLC with a 5.875% interest rate. The notes will be unconditionally guaranteed by Crown and certain subsidiaries. The company plans to use the proceeds, along with cash on hand and borrowings from its senior secured revolving credit facility, to repay its 4.750% senior notes due 2026.

The notes will be issued through a private placement and resold to qualified institutional buyers under Rule 144A and non-U.S. persons under Regulation S of the Securities Act. The notes have not been registered under the Securities Act and cannot be offered or sold in the United States without registration or an applicable exemption.

Crown Holdings (NYSE: CCK) has announced plans to offer $500 million in senior unsecured notes due 2033 through its subsidiary Crown Americas LLC. The company intends to use the proceeds, along with cash on hand and borrowings from its senior secured revolving credit facility, to repay its 4.750% senior notes due 2026 and cover related expenses.

The notes will be issued through a private placement and resold to qualified institutional buyers under Rule 144A and non-U.S. persons under Regulation S of the Securities Act. The notes have not been registered under the Securities Act and cannot be offered or sold in the U.S. without registration or an applicable exemption.

Crown Holdings (NYSE: CCK) has partnered with San Juan Beverage Company to become the exclusive packaging provider for BAMMARITA, a premium RTD cocktail created with former Seattle Seahawks safety Kam Chancellor. The cocktail features four flavors (Lime, Cadillac, Mango, and Kiwi Strawberry) at 6% ABV, packaged in 12-oz CrownSleek cans. BAMMARITA, which offers a gluten-free, lower-calorie alternative to traditional margaritas, will be available in major retailers like Kroger's QFC and Albertsons/Safeway. The product was developed in just three months through collaboration with West Coast Container. A portion of proceeds will support charity: water, a nonprofit organization providing clean water access in rural areas.

Crown Holdings (NYSE: CCK) has announced a quarterly cash dividend of $0.26 per share. The dividend will be paid on May 29, 2025, to shareholders who are on record as of May 15, 2025. This dividend declaration represents the company's continued commitment to returning value to shareholders through regular dividend payments.

Crown Holdings reported strong Q1 2025 results, with diluted earnings per share rising to $1.65 from $0.56 in 2024. The company's adjusted diluted earnings increased 64% to $1.67, while segment income improved 29% to $398 million.

Key highlights include:

• Net sales reached $2,887 million, up from $2,784 million in Q1 2024
• Beverage can segment income climbed 24% due to strong volumes in Brazil and Europe
• Returned $233 million to shareholders, including $203 million in share repurchases
• North American beverage can volumes grew in low-single digits

The company raised its 2025 outlook, projecting:

• Q2 adjusted earnings of $1.80 to $1.90 per share
• Full-year adjusted earnings guidance of $6.70 to $7.10 per share
• Expected adjusted free cash flow of $800 million
• Capital spending of approximately $450 million

Management remains optimistic about beverage can demand, noting their position as the most sustainable beverage packaging option with 80% share in new product introductions.

Crown Holdings (NYSE: CCK), a global leader in consumer and industrial packaging products, has scheduled its first quarter 2025 earnings release for Monday, April 28, 2025, after NYSE trading hours. The company will host a conference call to discuss the results on Tuesday, April 29, 2025, at 9:00 a.m. EDT.

Investors can join the call using dial-in numbers (630) 395-0194 or toll-free (888) 324-8108 with the access password 'packaging'. A replay will be available until May 6, 2025, via (203) 369-3270 or toll-free (800) 395-6236. Additionally, a live webcast will be accessible through the company's website at www.crowncork.com.