Quarterly ResultApr 27, 2026, 04:23 PM
CCK Q1 Adj. EPS $1.86 (+11%); New India Plant; Reaffirms FY26 Guidance
AI Summary
Crown Holdings, Inc. reported solid first-quarter 2026 results with adjusted diluted EPS increasing 11% to $1.86, despite diluted EPS decreasing to $1.56. Net sales rose to $3,259 million, driven by higher global beverage can shipments and material cost pass-through. The company announced plans for a new two-line beverage can plant in Northern India, expected to commence operations in the second half of 2027, and reiterated its full-year 2026 adjusted diluted EPS guidance of $7.90 to $8.30.
Key Highlights
- Announced plans for a new two-line beverage can plant in Northern India, expected to start H2 2027.
- Q1 2026 adjusted diluted EPS increased 11% to $1.86, compared to $1.67 in Q1 2025.
- Q1 2026 diluted EPS was $1.56, down from $1.65 in Q1 2025.
- Net sales for Q1 2026 were $3,259 million, up from $2,887 million in Q1 2025.
- Global beverage shipments increased 5%, with North American shipments up 1%.
- Returned $251 million to shareholders, including $39 million in dividends (35% increase).
- Reaffirmed full-year 2026 adjusted diluted EPS guidance of $7.90 to $8.30.
- Anticipates Q2 2026 adjusted diluted EPS between $2.10 and $2.20.