Crown Holdings reported second-quarter 2026 results with net sales of $3,668 million and net income attributable to Crown Holdings of $245 million. Reported diluted earnings per share were $2.23 and adjusted diluted earnings per share rose to $2.49 for the quarter. The company raised full-year adjusted diluted EPS guidance to a range of $8.30–$8.50 and expects adjusted free cash flow of at least $900 million for 2026.

Financial Highlights

  • Revenue (Net sales) for Q2 2026: $3,668 million versus $3,149 million in Q2 2025.
  • Income from operations (Q2 2026): $464 million compared with $391 million in Q2 2025.
  • Net income attributable to Crown Holdings (Q2 2026): $245 million versus $181 million in Q2 2025.
  • Reported diluted earnings per share (Q2 2026): $2.23; Adjusted diluted earnings per share: $2.49 (Q2 2025 adjusted EPS: $2.15).
  • Cash generation and balance-sheet items: adjusted free cash flow for first half 2026 of $472 million; cash and cash equivalents at June 30, 2026: $656 million; net leverage ratio (adjusted) 2.5x.

Business Highlights

  • Global beverage can volumes increased 5% in Q2 2026, with double-digit growth in Asia and increases of 7% in Europe and 5% in North America, offsetting softer demand in Latin America.
  • Segment performance: strong results across beverage can equipment and North American tinplate businesses; Transit Packaging performed resiliently despite tepid global industrial production.
  • Capital investment and capacity expansion: advancing capacity projects in Brazil, Greece and Spain and constructing a new facility in Northern India to enter a fast-growing beverage market.
  • Return of capital: share repurchases of $305 million in Q2 and more than $500 million repurchased in the first six months of 2026 (≈7% of outstanding shares repurchased over prior twelve months).
  • Operational scale: Total net sales by segment show continued geographic diversification—Americas Beverage, European Beverage, Asia Pacific and Transit Packaging contributed to consolidated growth.

Original SEC Filing:

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