Crown Holdings (CCK) Stock News

Crown Holdings (NYSE:CCK) has announced a quarterly cash dividend declaration. The company's Board of Directors has approved a dividend of $0.26 per share. The dividend will be paid on August 21, 2025, to shareholders who are on record as of August 7, 2025.

Crown Holdings (NYSE: CCK) reported strong Q2 2025 financial results, with adjusted diluted EPS increasing 19% to $2.15 compared to $1.81 in 2024. Net sales reached $3,149 million, up from $3,040 million in Q2 2024, driven by increased beverage and food can shipments in North America and European Beverage.

The company raised its full-year 2025 guidance, now expecting adjusted diluted EPS of $7.10 to $7.50 and adjusted free cash flow of approximately $900 million. Q3 2025 adjusted EPS is projected at $1.95 to $2.05. Trailing twelve-month adjusted EBITDA through June approached $2.1 billion, marking an 11% increase from the prior period.

Segment income improved 9% to $476 million, led by strong performance in Americas Beverage, European Beverage, and North American Tinplate operations. The company remains on track to achieve its long-term leverage ratio target of 2.5x adjusted EBITDA.

Crown Holdings (NYSE: CCK), a leading aluminum beverage can manufacturer, has been recognized as the top packaging company in Forbes' third annual Net Zero Leaders list, ranking 22nd overall among 200 evaluated companies. The recognition highlights Crown's progress through its Twentyby30™ initiative, launched in 2020, which focuses on emissions reductions, water preservation, recycling, and ethical sourcing.

The company's sustainability efforts are detailed in its 2024 Sustainability Report "Built to Last", which demonstrates measurable progress toward environmental and social goals. Crown's commitment to sustainability is integrated into its core business strategy, focusing on carbon footprint reduction and innovative partnerships across its value chain.

Crown Holdings (NYSE: CCK) has released its 2024 sustainability report titled "Built to Last," highlighting progress toward its Twentyby30™ program goals. The comprehensive initiative includes 20 measurable sustainability objectives to be achieved by 2030, focusing on greenhouse gas emissions reduction, water conservation, waste minimization, safety improvements, employee engagement, and responsible materials sourcing.

Under the leadership of CEO Timothy Donahue, Crown has made notable strides in recycling advocacy, including sponsorship of the Global Aluminium Can Sustainability Summit and participation in Climate Week NYC. The company's sustainability report adheres to multiple international standards, including the Global Reporting Initiative (GRI) Core Standard, UN Global Compact Principles, and Sustainability Accounting Standards Board (SASB) guidelines.

Dr. John M. Rost, SVP of Technology, Global Sustainability, and Regulatory Affairs, emphasized that Crown's sustainability approach extends beyond regulatory requirements, contributing to cost reduction, enhanced operations, and organizational innovation.

Crown Holdings (NYSE:CCK), a leading global supplier of rigid packaging products, has scheduled its second quarter 2025 earnings conference call for July 22, 2025, at 9:00 a.m. EDT. The company will release its Q2 2025 earnings results after market close on July 21, 2025. Investors can access the conference call via phone using the dial-in numbers (630) 395-0194 or toll-free (888) 324-8108 with the password "packaging". A replay will be available for one week until July 29, 2025. Additionally, a live webcast will be accessible through the company's website at www.crowncork.com. Crown Holdings, headquartered in Tampa, Florida, specializes in providing rigid packaging solutions to consumer marketing companies and offers transit and protective packaging products, equipment, and services across various end markets.

Crown Holdings (NYSE: CCK) has announced the promotion of Gary Gavin to President of the Crown Americas Division, effective July 1, 2025. Gavin, currently President of North American Beverage can business, will oversee beverage can operations in Brazil, Colombia, Mexico, and North America, as well as North American tinplate businesses. He joined Crown in 2023 after 29 years at International Paper Company, where he last served as VP & GM of North American Container Division. Under his leadership, Crown's North American beverage can business has experienced significant capacity expansion and strong growth. Gavin will report to Djalma Novaes, Jr., Executive VP and COO, and continue to be based in Tampa.

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.