Q2 2025 Crown Holdings Inc Earnings Call Transcript
Key Points
- Crown Holdings Inc (CCK) reported a strong quarter with earnings per share increasing to $1.81 from $1.45 in the prior year, and adjusted earnings per share rising to $2.15 from $1.81.
- Net sales increased by 3.6% year-over-year, driven by higher shipments in North American beverage, European beverage, and North American food can volumes.
- Free cash flow improved significantly to $387 million from $178 million in the prior year, reflecting higher income and lower capital spending.
- The company raised its full-year adjusted EPS guidance to a range of $7.10 to $7.50, indicating confidence in continued strong performance.
- Crown Holdings Inc (CCK) returned $269 million to shareholders in the first six months, demonstrating a commitment to shareholder value.
- Income in the Asia Pacific region declined due to high single-digit volume decreases in Southeast Asian markets, impacted by tariffs affecting consumer confidence.
- The transit business remains cautious about the potential impact of tariffs, with estimated exposure of approximately $25 million.
- The Mexican market is experiencing a slowdown, potentially due to economic factors and tariffs, affecting beverage can volumes.
- The company took a restructuring charge, including a write-down of assets in a Chinese plant and severance costs, indicating challenges in certain areas.
- There is concern about the potential impact of tariffs on consumer and industrial activity, which could affect future performance.
Thank you for standing by. The conference will begin momentarily. Until such time, you will hear music. Thank you and please continue to stand by. Thank you for standing by the conference. We'll begin momentarily until such time you will hear music. Thank you and please continue to stand by.
Good morning, and welcome to Crown Holdings' second-quarter 2025 conference call. (Operator Instructions). Please be advised that the conference is being recorded. I would now like to turn the call over to Mr. Kevin Clothier, Senior Vice President and Chief Financial Officer. Sir, you may begin.
Thank you, El, and good morning. With me on today's call is Tim Donahue, President and Chief Executive Officer. If you don't already have the earnings release, it is available on our website at crowncork.com. On this call, as in the earnings release, we will be making a number of forward-looking statements. Actual results could vary materially from such statements.
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