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TAMPA, Fla. - Crown Holdings Inc. (NYSE:CCK) reported first-quarter earnings and revenue that exceeded analyst expectations, while also raising its full-year guidance range, sending shares up 4.3% in after-hours trading.
The packaging products manufacturer posted adjusted earnings per share of $1.67, beating the consensus estimate of $1.23 by a wide margin. Revenue came in at $2.89 billion, topping expectations of $2.82 billion and rising 3.7% YoY.
Crown Holdings raised its full-year 2025 adjusted EPS guidance to a range of $6.70 to $7.10, up from its previous outlook and above the $6.80 analyst consensus. For the second quarter, the company expects adjusted EPS of $1.80 to $1.90, compared to the $1.80 Wall Street estimate.
"Crown got off to an excellent start for the year, driven by strong performances in each of our global beverage can businesses," said Timothy J. Donahue, Chairman, President and CEO. He noted that combined first quarter beverage can segment income climbed 24% over the prior year.
The company reported segment income of $398 million in Q1, up 29% from $308 million a year ago. Crown Holdings said it expects to generate approximately $800 million in adjusted free cash flow in 2025.
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