CROWN HOLDINGS, INC. REPORTS FIRST QUARTER 2026 RESULTS

Rhea-AI Summary

Crown Holdings (NYSE: CCK) reported Q1 2026 results for the quarter ended March 31, 2026. Net sales were $3,259 million versus $2,887 million a year earlier, driven by a 5% increase in global beverage shipments and $74 million of favorable currency. Adjusted diluted EPS rose 11% to $1.86; reported diluted EPS was $1.56. The company returned $251 million to shareholders and announced a two-line beverage can plant in Northern India expected to begin operations in H2 2027. Management reaffirmed full-year adjusted diluted EPS guidance of $7.90–$8.30 and expects ~$900 million adjusted free cash flow after ~$550 million in capex.

AI-generated analysis. Not financial advice.

Positive

• Net sales +12.8% to $3,259 million year-over-year
• Adjusted diluted EPS +11% to $1.86
• $251 million returned to shareholders, including a 35% dividend increase
• New India facility two-line beverage can plant to start H2 2027

Negative

• $234 million of higher material costs were passed through in the quarter
• Guidance exposed to aluminum, energy and transportation input-cost volatility

News Market Reaction – CCK

-1.42%

1 alert

-1.42% News Effect

On the day this news was published, CCK declined 1.42%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

Key Figures

Global beverage shipments: 5% Diluted EPS: $1.56 vs $1.65 Adjusted diluted EPS: $1.86, up 11% +5 more

8 metrics

Global beverage shipments 5% First quarter 2026 year-over-year increase

Diluted EPS $1.56 vs $1.65 Q1 2026 compared to Q1 2025 reported EPS

Adjusted diluted EPS $1.86, up 11% Q1 2026 adjusted diluted EPS vs 2025

Returned to shareholders $251 million Capital returned in Q1 2026, including dividends and buybacks

Net sales $3,259 million vs $2,887 million Q1 2026 vs Q1 2025 net sales

Income from operations $365 million Q1 2026 income from operations, in line with prior year

2026 adjusted EPS guidance $7.90–$8.30 Reaffirmed full-year 2026 adjusted diluted EPS guidance

2026 adjusted free cash flow $900 million after $550 million capex Expected 2026 adjusted free cash flow and capital spending

Market Reality Check

Price: $93.06 Vol: Volume 888,299 is below t...

normal vol

$93.06 Last Close

Volume Volume 888,299 is below the 20-day average of 1,049,511 (relative volume 0.85). normal

Technical Shares at 101.13 are trading slightly below the 200-day MA of 101.54, and about 13.28% under the 52-week high.

Peers on Argus

CCK fell 1.7% while key peers showed mixed moves: BALL, AVY, AMCR and SW were do...

1 Up

CCK fell 1.7% while key peers showed mixed moves: BALL, AVY, AMCR and SW were down, but PKG was modestly up and GPK appeared in momentum scanners to the upside, pointing to stock-specific rather than broad sector pressure.

Common Catalyst Peer news centered on AVY’s AI-related strategic investment, not on packaging earnings or metal can fundamentals.

Previous Earnings Reports

5 past events · Latest: Feb 04 (Positive)

Same Type Pattern 5 events

Date	Event	Sentiment	Move	Catalyst
Feb 04	Q4/FY 2025 earnings	Positive	-0.9%	Strong 2025 EPS and record free cash flow with 2026 guidance introduced.
Oct 20	Q3 2025 earnings	Positive	+5.5%	Q3 EPS inflection vs prior-year loss and guidance raised for 2025 EPS and cash.
Jul 21	Q2 2025 earnings	Positive	+0.3%	Q2 adjusted EPS up 19% with higher net sales and improved segment income.
Apr 28	Q1 2025 earnings	Positive	+8.0%	Q1 EPS and adjusted EPS rose sharply with stronger segment income and outlook.
Feb 05	Q4/FY 2024 earnings	Positive	+2.6%	Strong Q4 and full-year results with record free cash flow and EPS growth.

Pattern Detected

Earnings releases have generally been positive with mostly favorable price reactions; one recent quarter saw a mild sell-off despite strong results and guidance.

Recent Company History

Recent earnings releases for CCK have highlighted consistent growth in adjusted diluted EPS, rising free cash flow and progress toward leverage targets. Prior updates showed record adjusted free cash flow, leverage around 2.5x and multiple guidance raises for adjusted EPS and cash generation. First-quarter 2025 results delivered strong EPS growth and a notable positive share reaction of 7.96%. Today’s Q1 2026 report, with higher net sales, stronger adjusted EPS and reaffirmed 2026 guidance, extends this pattern of operational strength.

Historical Comparison

+3.1% avg move · In the past 5 earnings releases, CCK’s average move was about 3.1%. Today’s -1.7% reaction to Q1 202...

earnings

+3.1%

Average Historical Move earnings

In the past 5 earnings releases, CCK’s average move was about 3.1%. Today’s -1.7% reaction to Q1 2026 results is smaller in magnitude and modestly counter to the generally positive historical pattern.

Earnings updates show a progression of higher adjusted EPS, strong net sales and record adjusted free cash flow, with management repeatedly guiding to robust annual EPS and substantial adjusted free cash flow while reducing leverage toward long-term targets.

Market Pulse Summary

This announcement details Q1 2026 results with global beverage shipments up 5%, net sales rising to ...

Analysis

This announcement details Q1 2026 results with global beverage shipments up 5%, net sales rising to $3,259 million and adjusted diluted EPS increasing 11% to $1.86. Management reaffirmed 2026 adjusted EPS guidance of $7.90–$8.30 and expects about $900 million in adjusted free cash flow after $550 million of capex. Investors may watch execution on the new India plant, ongoing volume trends across regions and any impact from aluminum, energy and transportation cost volatility.

Key Terms

segment income, adjusted free cash flow, net debt, adjusted net leverage ratio, +4 more

8 terms

segment income financial

"The Company grew both segment income and adjusted diluted earnings per share during the quarter"

Segment income is the profit or loss attributed to a specific business unit, product line, or geographic area after the direct revenues and expenses for that part are counted. Think of it like checking how much each store in a chain actually earns after its own costs; it helps investors see which parts of a company are driving profits, which are dragging performance, and where future growth or cuts might matter.

adjusted free cash flow financial

"The Company expects to generate approximately $900 million in adjusted free cash flow in 2026"

Adjusted free cash flow is the amount of money a company generates from its operations after accounting for essential expenses and investments, like maintaining or upgrading equipment. It shows how much cash is truly available to grow the business, pay debts, or return to shareholders, helping investors see the company's financial health more clearly.

net debt financial

"Segment income, adjusted free cash flow, net debt, adjusted net leverage ratio, adjusted net income"

Net debt is the total amount a company owes after subtracting the cash and assets it has that can be used to pay off that debt. It shows how much debt is truly a burden, helping investors understand if a company is financially healthy or heavily borrowed. Think of it like calculating how much money you owe after using your savings to pay part of it.

adjusted net leverage ratio financial

"Segment income, adjusted free cash flow, net debt, adjusted net leverage ratio, adjusted net income"

A measure of a company's debt burden that compares the amount of debt left after subtracting cash to its regular, adjusted operating cash profit; think of it as the remaining mortgage balance divided by annual take‑home pay. It shows how many years of that adjusted cash profit would be needed to pay off net debt, so investors use it to gauge financial risk, creditworthiness and how easily a company can afford interest and principal payments.

adjusted net income financial

"Segment income, adjusted free cash flow, net debt, adjusted net leverage ratio, adjusted net income"

Adjusted net income is a company's reported profit after removing unusual, one-time, or non-operational items so the number reflects the business’s regular earning power. Investors use it like a cleaned-up scorecard — similar to judging a player’s season performance without a few fluke games — to compare companies or assess trends without being misled by rare gains or losses that won’t affect future cash flow.

EBITDA financial

"net interest expense, EBITDA and adjusted EBITDA are not defined terms under U.S. generally accepted accounting"

EBITDA stands for earnings before interest, taxes, depreciation, and amortization. It measures a company's profitability by focusing on the money it makes from its core operations, ignoring expenses like taxes and accounting adjustments. Investors use EBITDA to compare how well different companies are performing financially, as it provides a clearer picture of operational success without the influence of financial structure or accounting choices.

adjusted EBITDA financial

"net interest expense, EBITDA and adjusted EBITDA are not defined terms under U.S. generally accepted accounting"

Adjusted EBITDA is a way companies measure how much money they make from their core operations, like running a business, by removing certain costs or income that aren’t part of regular business activities. It helps investors see how well a company is doing without distractions from unusual expenses or gains, making it easier to compare companies or track performance over time.

non-GAAP measures financial

"Segment income, adjusted free cash flow, net debt, adjusted net leverage ratio, adjusted net income, the adjusted effective tax rate, adjusted diluted earnings per share, net interest expense, EBITDA and adjusted EBITDA are not defined terms under U.S. generally accepted accounting principles (non-GAAP measures)."

Financial results that companies present using formulas or adjustments different from standard accounting rules (GAAP) to highlight what management considers the business’s ongoing performance. Investors care because these figures can make trends or profitability look clearer—like showing a car’s fuel efficiency after removing unusual trips—but they can also hide one‑time costs or aggressive assumptions, so comparing them with GAAP numbers helps judge reliability.

AI-generated analysis. Not financial advice.

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TAMPA, Fla., April 27, 2026 /PRNewswire/ -- Crown Holdings, Inc. (NYSE: CCK) today announced its financial results for the first quarter ended March 31, 2026.

Highlights

First Quarter

• Global beverage shipments increased 5%
• Diluted earnings per share of $1.56 versus $1.65 in 2025
• Adjusted diluted earnings per share increased 11% to $1.86
• Returned $251 million to shareholders, including $39 million of dividends, reflecting a 35% dividend increase
• Announced plans to construct a new greenfield two-line, high-speed beverage can plant in Northern India

"The Company got off to a solid start for the year, driven by strong results in our European and Asian beverage can businesses, beverage can equipment and our North American food can and closures businesses," said Timothy J. Donahue, Chairman, President & Chief Executive Officer.  "Global beverage can volumes advanced 5%, led by robust shipments throughout Europe and Asia-Pacific.  North American shipments advanced 1% in the quarter as a strong March, up 8% over the prior year, helped overcome a slow start to the year, the result of widespread winter storms in January. 

"The Company grew both segment income and adjusted diluted earnings per share during the quarter, despite the challenging operating environment.  All Crown facilities remain operational, and, through our global sourcing initiatives and manufacturing flexibility, we have been able to procure necessary materials and meet customer requirements in all global regions.  While we expect that continued headwinds from the effects of the Middle East conflict will persist through the second quarter, the Company anticipates another strong year in 2026.  As such, we reiterate our previous full year earnings, cash flow and capital expenditure guidance.

"Earlier this month, the Company announced plans to establish a state-of-the-art beverage can manufacturing facility in Northern India, marking Crown's entry into one of the world's fastest growing beverage markets.  The two-line facility is expected to commence operations in the second half of 2027 and will serve accelerating demand in both the alcoholic and non-alcoholic segments.    

"As we look ahead, the Company will continue to use its robust free cash flow to make strategic investments in growth and return value to shareholders through dividends and disciplined repurchases of its common stock."  

Net sales in the first quarter were $3,259 million compared to $2,887 million in the first quarter of 2025 reflecting higher global beverage can shipments, the pass-through of $234 million in higher material costs and favorable foreign currency of $74 million.

Income from operations was $365 million in the first quarter of 2026, in line with the prior year period.  Segment income in the first quarter of 2026 was $405 million compared to $398 million in the prior year first quarter driven by higher beverage can shipments in Europe and Asia-Pacific offset by lower beverage can shipments in Brazil and lower input cost recovery in North America.

Net income attributable to Crown Holdings in the first quarter was $175 million compared to $193 million in the first quarter of 2025.  Reported diluted earnings per share were $1.56 in the first quarter of 2026 compared to $1.65 in 2025.  Adjusted net income was $209 million compared to $195 million in 2025 and adjusted diluted earnings per share were $1.86 compared to $1.67 in 2025.

Outlook
"With demand remaining firm across our global beverage businesses and considering our first quarter performance, the Company reaffirms its full year 2026 guidance of adjusted diluted earnings per share between $7.90 and $8.30, while recognizing the impact that volatility across aluminum, energy and transportation markets may have on input costs and consumer spending.  Second quarter adjusted diluted earnings per share are expected to be in the range of $2.10 to $2.20.  The Company expects to generate approximately $900 million in adjusted free cash flow in 2026 after capital spending of approximately $550 million, which includes initial spending related to the recently announced beverage can plant in India," commented Kevin C. Clothier, Senior Vice President and Chief Financial Officer.

Non-GAAP Measures
Segment income, adjusted free cash flow, net debt, adjusted net leverage ratio, adjusted net income, the adjusted effective tax rate, adjusted diluted earnings per share, net interest expense, EBITDA and adjusted EBITDA are not defined terms under U.S. generally accepted accounting principles (non-GAAP measures).  Non-GAAP measures should not be considered in isolation or as a substitute for income from operations, cash flow, leverage ratio, net income, effective tax rates, diluted earnings per share or interest expense and interest income prepared in accordance with U.S. GAAP and may not be comparable to calculations of similarly titled measures by other companies.

The Company views segment income as the principal measure of the performance of its operations and adjusted free cash flow and adjusted net leverage ratio as the principal measures of its liquidity.  The Company considers all of these measures in the allocation of resources.  Adjusted free cash flow has certain limitations, however, including that it does not represent the residual cash flow available for discretionary expenditures since other non-discretionary expenditures, such as mandatory debt service requirements, are not deducted from the measure.  The amount of mandatory versus discretionary expenditures can vary significantly between periods.  The Company believes that adjusted free cash flow and adjusted net leverage ratio provide meaningful measures of liquidity and a useful basis for assessing the Company's ability to fund its activities, including the financing of acquisitions, debt repayments, share repurchases or dividends.  The Company believes that adjusted net income, segment income, the adjusted effective tax rate and adjusted diluted earnings per share are useful in evaluating the Company's operations as these measures are adjusted for items that affect comparability between periods.  Segment income, adjusted free cash flow, net debt, adjusted net leverage ratio, adjusted net income, the adjusted effective tax rate, adjusted diluted earnings per share, net interest expense, EBITDA and adjusted EBITDA are derived from the Company's Consolidated Statements of Operations, Cash Flows and Consolidated Balance Sheets, as applicable, and reconciliations to segment income, adjusted free cash flow, net debt, adjusted net leverage ratio, adjusted net income, the adjusted effective tax rate, adjusted diluted earnings per share and adjusted EBITDA can be found within this release.  Reconciliations of estimated adjusted diluted earnings per share, adjusted free cash flow, the adjusted effective tax rates and adjusted net leverage ratio for the second quarter and full year of 2026 to estimated diluted earnings per share, operating cash flow, the effective tax rate and income from operations on a GAAP basis are not provided in this release due to the unavailability of estimates of the following, the timing and magnitude of which the Company is unable to reliably forecast without unreasonable efforts, which are excluded from estimated adjusted diluted earnings per share, the adjusted effective tax rates and adjusted net leverage ratio, and could have a significant impact on earnings per share, the effective tax rate and income from operations on a GAAP basis: gains or losses on the sale of businesses or other assets, restructuring and other costs, asset impairment charges, asbestos-related charges, losses from early extinguishment of debt, pension settlement and curtailment charges, the tax and noncontrolling interest impact of the items above, and the impact of tax law changes or other tax matters.

Conference Call
The Company will hold a conference call tomorrow, April 28, 2026, at 9:00 a.m. (EDT) to discuss this news release.  Forward-looking and other material information may be discussed on the conference call.  The dial-in numbers for the conference call are 630-395-0194 or toll-free 888-324-8108 and the access password is "packaging."  A live webcast of the call will be made available to the public on the internet at the Company's website, www.crowncork.com.  A replay of the conference call will be available for a one-week period ending at midnight on May 5, 2026.  The telephone numbers for the replay are 203-369-0896 or toll free 866-427-6407.

Cautionary Note Regarding Forward-Looking Statements
Except for historical information, all other information in this press release consists of forward-looking statements.  These forward-looking statements involve a number of risks, uncertainties and other factors, including expected levels of capital expenditures, free cash flow and earnings; the Company's ability to continue to operate its plants, distribute its products, and  maintain its supply chain, including any impact of the ongoing Middle East conflict; the Company's ability to complete the project in Northern India; the future impact of currency translation; the continuation of performance and market trends in 2026, including consumer preference for beverage cans and global beverage can demand; the future impact of inflation, including the potential for higher interest rates and energy and transportation prices and the Company's ability to recover raw material and other inflationary costs, including tariffs and retaliatory trade measures; future demand for food cans; the Company's ability to deliver continuous operational improvement and future demand in the Transit Packaging segment that may cause actual results to be materially different from those expressed or implied in the forward-looking statements.  Important factors that could cause the statements made in this press release or the actual results of operations or financial condition of the Company to differ are discussed under the caption "Forward Looking Statements" in the Company's Form 10-K Annual Report for the year ended December 31, 2025 and in subsequent filings made prior to or after the date hereof.  The Company does not intend to review or revise any particular forward-looking statement in light of future events.

Crown Holdings, Inc., through its subsidiaries, is a worldwide leader in the design, manufacture and sale of packaging products for consumer goods and industrial products.  World headquarters are located in Tampa, Florida.

For more information, contact:
Kevin C. Clothier, Senior Vice President and Chief Financial Officer, (215) 698-5281
Thomas T. Fischer, Vice President, Investor Relations and Corporate Affairs, (215) 552-3720

Unaudited Consolidated Statements of Operations, Balance Sheets, Statements of Cash Flows, Segment Information and Supplemental Data follow.

Consolidated Statements of Operations (Unaudited) (in millions, except share and per share data)
	Three Months Ended    March 31,
		2026		2025
Net sales		$3,259		$2,887
Cost of products sold		2,615		2,262
Depreciation and amortization		118		110
Selling and administrative expense		159		152
Restructuring and other		2		(2)
Income from operations (1)		365		365
Loss on debt extinguishment		3
Other pension and postretirement		5		5
Foreign exchange		(3)		2
Earnings before interest and taxes		360		358
Interest expense		97		99
Interest income		(12)		(13)
Income from operations before income taxes		275		272
Provision for income taxes		70		46
Equity earnings		1		1
Net income		206		227
Net income attributable to noncontrolling interests		31		34
Net income attributable to Crown Holdings		$         175		$         193
Earnings per share attributable to Crown Holdings  common shareholders:
Basic		$ 1.56		$  1.65
Diluted		$ 1.56		$  1.65
Weighted average common shares outstanding:
Basic		111,982,661		116,672,836
Diluted		112,533,102		117,039,580
Actual common shares outstanding at quarter end		111,756,236		116,393,894
(1)     Reconciliation from income from operations to segment income follows.

Consolidated Supplemental Financial Data (Unaudited)
(in millions)

Reconciliation from Income from Operations to Segment Income

The Company views segment income, as defined below, as a principal measure of performance of its operations and for the allocation of resources.  Segment income is defined by the Company as income from operations adjusted to exclude intangibles amortization charges and provisions for restructuring and other.

		Three Months Ended March 31,
		2026			2025
Income from operations		$	365		$	365
Intangibles amortization			38			35
Restructuring and other			2			(2)
Segment income		$	405		$	398
Segment Information
Net Sales		Three Months Ended March 31,
		2026			2025
Americas Beverage		$	1,530		$	1,320
European Beverage			588			512
Asia Pacific			303			279
Transit Packaging			496			482
Other (1)			342			294
Total net sales		$	3,259		$	2,887
Segment Income
Americas Beverage		$	210		$	236
European Beverage			86			67
Asia Pacific			52			47
Transit Packaging			53			60
Other (1)			47			29
Corporate and other unallocated items			(43)			(41)
Total segment income		$	405		$	398

(1)	Includes the Company's North America tinplate businesses: food can, aerosol can, and closures, and beverage tooling and equipment operations in the U.S. and United Kingdom.

Consolidated Supplemental Data (Unaudited)
(in millions, except per share data)

Reconciliation from Net Income and Diluted Earnings Per Share to Adjusted Net Income and Adjusted Diluted Earnings Per Share

The following table reconciles reported net income and diluted earnings per share attributable to the Company to adjusted net income and adjusted diluted earnings per share, as used elsewhere in this release. 

		Three Months Ended March 31,
		2026								2025
Net income/diluted earnings per share   attributable to Crown Holdings, as reported		$	175			$	1.56			$	193			$	1.65
Intangibles amortization (1)		38				0.34				35				0.30
Restructuring and other  (2)		2				0.02				(2)				(0.02)
Loss on debt extinguishment		3				0.02
Income taxes (3)		(8)				(0.07)				(31)				(0.26)
Noncontrolling interests (4)		(1)				(0.01)
Adjusted net income/diluted earnings per share		$	209			$	1.86			$	195			$	1.67
Effective tax rate as reported		25.5 %								16.9 %
Adjusted effective tax rate		24.5 %								25.2 %

Adjusted net income, adjusted diluted earnings per share and the adjusted effective tax rate are non-GAAP measures and are not meant to be considered in isolation or as a substitute for net income, diluted earnings per share and effective tax rates determined in accordance with U.S. generally accepted accounting principles.  The Company believes these non-GAAP measures provide useful information to evaluate the performance of the Company's ongoing business.

(1)	In the first quarters of 2026 and 2025, the Company recorded charges of $38 million ($29 million net of tax) and $35 million ($27 million net of tax) for intangibles amortization arising from prior acquisitions.
(2)	In the first quarter of 2026, the Company recorded net restructuring and other charges of $2 million ($4 million net of tax). In the first quarter of 2025, the Company recorded net restructuring and other gains of $2 million ($2 million net of tax).
(3)	The Company recorded income tax benefits of $8 million and $31 million in the first quarters of 2026 and 2025, primarily related to the items described above and an income tax benefit of $22 million in the first quarter of 2025 from an internal reorganization.
(4)	In the first quarter of 2026, the Company recorded noncontrolling interest related to the items described above.

 

Consolidated Balance Sheets (Condensed & Unaudited) (in millions)
March 31,	2026				2025
Assets
Current assets
Cash and cash equivalents		$	584			$	779
Receivables, net			1,957				1,702
Inventories			1,701				1,527
Prepaid expenses and other current assets			291				212
Total current assets			4,533				4,220
Goodwill and intangible assets, net			4,042				4,021
Property, plant and equipment, net			5,159				4,939
Other non-current assets			571				661
Total assets		$	14,305			$	13,841
Liabilities and equity
Current liabilities
Short-term debt		$	53			$	202
Current maturities of long-term debt			507				1,491
Accounts payable and accrued liabilities			3,497				3,145
Total current liabilities			4,057				4,838
Long-term debt, excluding current maturities			5,697				4,743
Other non-current liabilities			1,139				1,088
Noncontrolling interests			495				478
Crown Holdings shareholders' equity			2,917				2,694
Total equity			3,412				3,172
Total liabilities and equity		$	14,305			$	13,841

 

Consolidated Statements of Cash Flows (Condensed & Unaudited) (in millions)
Three months ended March 31,			2026					2025
Cash flows from operating activities
Net income			$	206				$	227
Depreciation and amortization				118					110
Restructuring and other				2					(2)
Pension and postretirement expense				10					10
Pension contributions				(5)					25
Stock-based compensation				13					14
Loss on debt extinguishment				3
Working capital changes and other				(401)					(370)
Net cash (used for)/provided by operating activities				(54)					14
Cash flows from investing activities
Capital expenditures				(87)					(33)
Other				(10)					34
Net cash (used for)/provided by investing activities				(97)					1
Cash flows from financing activities
Net change in debt				346					108
Dividends paid to shareholders				(39)					(30)
Common stock repurchased				(212)					(203)
Dividends paid to noncontrolling interests				(17)					(28)
Other, net (1)				(107)
Net cash used for financing activities				(29)					(153)
Effect of exchange rate changes on cash and cash equivalents				(4)					1
Net change in cash and cash equivalents				(184)					(137)
Cash and cash equivalents at January 1				879					1,016
Cash, cash equivalents and restricted cash at March 31 (2)			$	695				$	879

(1)	Primarily consists of payments for assets financed in 2025.
(2)	Cash and cash equivalents include $111 million and $100 million of restricted cash at March 31, 2026 and 2025.
	Adjusted free cash flow is defined by the Company as net cash from operating activities less capital expenditures and certain other items.  A reconciliation of net cash used for operating activities to adjusted free cash flow for the three months ended March 31, 2026 and 2025 follows.

 

		Three Months Ended March 31,
		2026				2025
	Net cash (used for)/provided by operating activities	$	(54)			$	14
	Interest included in investing activities (3)	12				13
	Capital expenditures	(87)				(33)
	Adjusted free cash flow	$	(129)			$	(6)

(3)	Interest benefit of cross currency swaps included in investing activities.

 

Consolidated Supplemental Data (Unaudited) (in millions)
Impact of Foreign Currency Translation – Favorable/(Unfavorable) (1)
	Three Months Ended March 31, 2026
	Net Sales			Segment Income
Americas Beverage	$	8		$	(2)
European Beverage	36			5
Asia Pacific	7			1
Transit Packaging	21			4
Other	2			1
	$	74		$	9

(1)

The impact of foreign currency translation represents the difference between actual current year U.S. dollar results and pro forma amounts assuming constant foreign currency exchange rates for translation in both periods. In order to compute the difference, the Company compares actual U.S. dollar results to an amount calculated by dividing the current U.S. dollar results by current year average foreign exchange rates and then multiplying those amounts by the applicable prior year average foreign exchange rates.

 

Reconciliation of Adjusted EBITDA and Adjusted Net Leverage Ratio
											Twelve Months Ended
		Q1 2026			Q1 2025			Full Year 2025			March 31, 2026
Income from operations		$	365		$	365		$	1,553		$	1,553
Add:
Intangibles amortization		38			35			148			151
Restructuring and other		2			(2)			83			87
Segment income		405			398			1,784			1,791
Depreciation		80			75			308			313
Adjusted EBITDA		$	485		$	473		$	2,092		$	2,104
Total debt								$	5,964		$	6,257
Less cash								764			584
Net debt								$	5,200		$	5,673
Adjusted net leverage ratio								2.5x			2.7x

 

View original content:https://www.prnewswire.com/news-releases/crown-holdings-inc-reports-first-quarter-2026-results-302754715.html

SOURCE Crown Holdings, Inc.

FAQ

What did Crown Holdings (CCK) report for Q1 2026 revenue and shipments?

Crown reported Q1 2026 net sales of $3,259 million and a 5% increase in global beverage shipments. According to Crown, higher shipments plus $74 million of favorable currency drove sales versus Q1 2025.

How did Crown Holdings' earnings per share (EPS) perform in Q1 2026 for CCK?

Reported diluted EPS was $1.56, while adjusted diluted EPS rose to $1.86. According to Crown, adjusted EPS increased 11% year-over-year after excluding certain non-GAAP adjustments.

What guidance did Crown Holdings provide for full-year 2026 (CCK)?

Crown reaffirmed full-year adjusted diluted EPS guidance of $7.90 to $8.30 and expects approximately $900 million in adjusted free cash flow after about $550 million of capital spending in 2026.

What shareholder returns did Crown Holdings announce in Q1 2026 for CCK?

Crown returned $251 million to shareholders in Q1, including dividends of $39 million and a 35% dividend increase. According to Crown, repurchases and dividends reflect continued use of free cash flow to return value.

What are the details and timing of Crown's new India beverage can plant (CCK)?

Crown announced a state-of-the-art two-line high-speed beverage can plant in Northern India, expected to commence operations in the second half of 2027. According to Crown, the facility will target growth in alcoholic and non-alcoholic beverage demand.

What principal risks did Crown Holdings cite that could affect 2026 results for CCK?

Crown warned that volatility in aluminum, energy and transportation markets and effects from the Middle East conflict could affect input costs and consumer spending. According to Crown, these risks could influence margins and quarterly results.