[Performance Overview & Outlook](index=1&type=section&id=Performance%20Overview%20%26%20Outlook) Crown Holdings reported strong Q2 2025 results, with segment income up 9% and adjusted diluted EPS rising to $2.15, leading to increased full-year 2025 adjusted EPS guidance of $7.10-$7.50 and projected $900 million in free cash flow [Financial Highlights](index=1&type=section&id=Financial%20Highlights) Crown Holdings reported strong second-quarter 2025 results with a **9%** increase in segment income and a **19%** rise in adjusted diluted EPS to **$2.15**. The company raised its full-year 2025 guidance for adjusted EPS to a range of **$7.10** to **$7.50** and expects approximately **$900 million** in adjusted free cash flow, while reaffirming its long-term net leverage target of **2.5x** Financial Highlights - Q2 | Metric | Q2 2025 | Q2 2024 | | :--- | :--- | :--- | | Diluted EPS | $1.56 | $1.45 | | Adjusted Diluted EPS | $2.15 | $1.81 | | Income from Operations | $391 million | $379 million | | Segment Income | $476 million | $437 million | - The company has raised its full-year 2025 guidance and provided a Q3 outlook - **Q3 2025 Adjusted Diluted EPS:** Expected to be between **$1.95** and **$2.05** - **Full Year 2025 Adjusted Diluted EPS:** Guidance range increased to **$7.10** to **$7.50** - **Full Year 2025 Adjusted Free Cash Flow:** Expected to be approximately **$900 million** - **Long-Term Net Leverage Ratio Target:** Reaffirmed at **2.5x**[8](index=8&type=chunk)[10](index=10&type=chunk)[11](index=11&type=chunk) [Second Quarter 2025 Performance](index=1&type=section&id=Second%20Quarter%202025%20Performance) In Q2 2025, segment income grew **9%** year-over-year, driven by strong performance in Americas Beverage, European Beverage, and North American Tinplate. Net sales increased to **$3,149 million** from **$3,040 million**, reflecting higher shipments and the pass-through of material costs, despite lower shipments in Asia Pacific and Transit Packaging - Segment income growth of **9%** was primarily led by the Americas Beverage, European Beverage, and North American Tinplate businesses, supported by shipment growth in Europe and the Middle East, favorable product mix, and strong operational performance[2](index=2&type=chunk) Key Financial Metrics - Q2 | Financial Metric | Q2 2025 | Q2 2024 | | :--- | :--- | :--- | | Net Sales | $3,149 million | $3,040 million | | Income from Operations | $391 million | $379 million | | Segment Income | $476 million | $437 million | | Net Income | $181 million | $174 million | | Diluted EPS | $1.56 | $1.45 | | Adjusted Diluted EPS | $2.15 | $1.81 | - Net sales growth was driven by increased beverage and food can shipments in North America and European Beverage, the pass-through of **$120 million** in higher material costs, and a **$23 million** favorable foreign currency translation[3](index=3&type=chunk) [Six-Month 2025 Performance](index=1&type=section&id=Six-Month%202025%20Performance) For the first six months of 2025, net sales rose to **$6,036 million** from **$5,824 million** in the prior year. Income from operations saw a significant increase to **$756 million**, and net income attributable to Crown Holdings grew to **$374 million**, resulting in diluted EPS of **$3.21** Key Financial Metrics - H1 | Financial Metric | H1 2025 | H1 2024 | | :--- | :--- | :--- | | Net Sales | $6,036 million | $5,824 million | | Income from Operations | $756 million | $624 million | | Segment Income | $874 million | $745 million | | Net Income | $374 million | $241 million | | Diluted EPS | $3.21 | $2.01 | | Adjusted Diluted EPS | $3.81 | $2.83 | - The performance improvement in the first half was attributed to the pass-through of **$214 million** in higher material costs, increased shipments in Americas Beverage, European Beverage, and North America food can, improved manufacturing performance, and savings from prior restructuring in Asia Pacific[6](index=6&type=chunk)[7](index=7&type=chunk) [2025 Outlook](index=3&type=section&id=2025%20Outlook) Based on strong first-half results, Crown Holdings increased its full-year 2025 adjusted diluted EPS guidance to **$7.10**-**$7.50**. The company anticipates Q3 adjusted diluted EPS to be between **$1.95** and **$2.05** and projects generating approximately **$900 million** in adjusted free cash flow for the full year - **Full Year 2025 Adjusted Diluted EPS:** Guidance raised to a range of **$7.10** to **$7.50** - **Third Quarter 2025 Adjusted Diluted EPS:** Expected to be in the range of **$1.95** to **$2.05**[10](index=10&type=chunk) - **Full Year 2025 Adjusted Free Cash Flow:** Expected to be approximately **$900 million** - **Capital Spending:** Approximately **$450 million** planned for 2025 - **Adjusted Effective Tax Rate:** Expected to be approximately **25%**[11](index=11&type=chunk) [Financial Statements and Segment Details](index=5&type=section&id=Financial%20Statements%20and%20Segment%20Details) The company's Q2 and H1 2025 financial statements show growth in net sales and income, driven by strong beverage segments, while the balance sheet reflects reduced debt and increased shareholders' equity, alongside improved operating cash flow [Consolidated Statements of Operations](index=5&type=section&id=Consolidated%20Statements%20of%20Operations) The unaudited statements of operations for Q2 and the first six months of 2025 show year-over-year growth in net sales, income from operations, and net income. For the six-month period, net income attributable to Crown Holdings increased from **$241 million** in 2024 to **$374 million** in 2025 Six Months Ended June 30 (in millions) | Line Item | 2025 | 2024 | | :--- | :--- | :--- | | Net sales | $6,036 | $5,824 | | Income from operations | $756 | $624 | | Net income attributable to Crown Holdings | $374 | $241 | | Diluted EPS | $3.21 | $2.01 | Three Months Ended June 30 (in millions) | Line Item | 2025 | 2024 | | :--- | :--- | :--- | | Net sales | $3,149 | $3,040 | | Income from operations | $391 | $379 | | Net income attributable to Crown Holdings | $181 | $174 | | Diluted EPS | $1.56 | $1.45 | [Segment Performance](index=6&type=section&id=Segment%20Performance) In Q2 2025, Americas Beverage and European Beverage segments drove growth in both net sales and segment income. Asia Pacific experienced a decline in sales and income, while Transit Packaging saw lower sales but stable income. The 'Other' category showed significant income growth Net Sales by Segment (in millions) | Segment | Q2 2025 | Q2 2024 | H1 2025 | H1 2024 | | :--- | :--- | :--- | :--- | :--- | | Americas Beverage | $1,405 | $1,325 | $2,725 | $2,547 | | European Beverage | $635 | $560 | $1,147 | $1,042 | | Asia Pacific | $256 | $290 | $535 | $569 | | Transit Packaging | $526 | $550 | $1,008 | $1,070 | Segment Income (in millions) | Segment | Q2 2025 | Q2 2024 | H1 2025 | H1 2024 | | :--- | :--- | :--- | :--- | :--- | | Americas Beverage | $268 | $243 | $504 | $432 | | European Beverage | $97 | $88 | $164 | $139 | | Asia Pacific | $50 | $55 | $97 | $97 | | Transit Packaging | $72 | $73 | $132 | $141 | [Consolidated Balance Sheets](index=10&type=section&id=Consolidated%20Balance%20Sheets) As of June 30, 2025, Crown Holdings' balance sheet showed total assets of **$14,478 million**, a decrease from **$14,858 million** a year prior. Total debt (short-term and long-term) was reduced to **$6,490 million** from **$7,410 million**, and shareholders' equity increased to **$2,891 million** Key Balance Sheet Items (in millions) | Item | June 30, 2025 | June 30, 2024 | | :--- | :--- | :--- | | Total current assets | $4,652 | $4,932 | | Total assets | $14,478 | $14,858 | | Total current liabilities | $4,373 | $4,688 | | Total debt (Current + Long-term) | $6,490 | $7,410 | | Crown Holdings shareholders' equity | $2,891 | $2,507 | [Consolidated Statements of Cash Flows](index=11&type=section&id=Consolidated%20Statements%20of%20Cash%20Flows) For the first six months of 2025, net cash from operating activities increased to **$463 million** from **$343 million** in the prior year. The company used **$209 million** for common stock repurchases. Adjusted free cash flow for the six-month period more than doubled to **$387 million** from **$178 million** in 2024 Six Months Ended June 30 (in millions) | Cash Flow Activity | 2025 | 2024 | | :--- | :--- | :--- | | Net cash provided by operating activities | $463 | $343 | | Net cash used for investing activities | ($44) | ($143) | | Net cash used for financing activities | ($427) | ($70) | | Net change in cash and cash equivalents | $22 | $111 | - Adjusted free cash flow for the first six months of 2025 was **$387 million**, a significant increase from **$178 million** in the same period of 2024[30](index=30&type=chunk) [Non-GAAP Measures and Supplemental Data](index=3&type=section&id=Non-GAAP%20Measures%20and%20Supplemental%20Data) The company provides reconciliations for non-GAAP measures, showing adjusted net income and segment income, while demonstrating improved adjusted EBITDA and a reduced net leverage ratio, alongside a favorable foreign currency impact in Q2 2025 [Reconciliation of Non-GAAP Measures](index=3&type=section&id=Reconciliation%20of%20Non-GAAP%20Measures) The company adjusts GAAP results for items like intangibles amortization and restructuring costs to provide non-GAAP measures such as segment income and adjusted net income. For Q2 2025, reported net income of **$181 million** was adjusted to **$249 million**, resulting in adjusted diluted EPS of **$2.15** compared to the reported **$1.56** Reconciliation to Segment Income - Q2 (in millions) | Line Item | 2025 | 2024 | | :--- | :--- | :--- | | Income from operations (GAAP) | $391 | $379 | | Intangibles amortization | $38 | $41 | | Restructuring and other | $47 | $17 | | Segment income (Non-GAAP) | $476 | $437 | Reconciliation to Adjusted Net Income - Q2 (in millions) | Line Item | 2025 | 2024 | | :--- | :--- | :--- | | Net income (GAAP) | $181 | $174 | | Adjustments (net) | $68 | $43 | | Adjusted net income (Non-GAAP) | $249 | $217 | [Adjusted EBITDA and Net Leverage Ratio](index=13&type=section&id=Adjusted%20EBITDA%20and%20Net%20Leverage%20Ratio) For the twelve months ending June 30, 2025, adjusted EBITDA reached **$2,073 million**, an **11%** increase from the prior twelve-month period. This strong performance, combined with debt reduction, led to an improvement in the adjusted net leverage ratio from **3.2x** to **2.7x** Adjusted EBITDA & Leverage (Twelve Months Ended June 30) | Metric | 2025 | 2024 | | :--- | :--- | :--- | | Adjusted EBITDA | $2,073 million | $1,875 million | | Net Debt | $5,554 million | $5,996 million | | Adjusted Net Leverage Ratio | 2.7x | 3.2x | - The company is progressing towards its long-term target leverage ratio of **2.5x** of adjusted EBITDA[3](index=3&type=chunk) [Foreign Currency Impact](index=13&type=section&id=Foreign%20Currency%20Impact) In the second quarter of 2025, foreign currency translation had a net favorable impact, increasing total net sales by **$23 million** and segment income by **$5 million**. The European Beverage segment was the primary contributor to this positive effect Q2 2025 Foreign Currency Impact (in millions) | Segment | Net Sales Impact | Segment Income Impact | | :--- | :--- | :--- | | Americas Beverage | $(10) | - | | European Beverage | $19 | $3 | | Asia Pacific | $7 | $1 | | Transit Packaging | $6 | $1 | | **Total** | **$23** | **$5** | [Other Information](index=3&type=section&id=Other%20Information) This section outlines Crown Holdings' business as a global packaging supplier, provides details for an earnings conference call, and includes a cautionary statement regarding forward-looking information and associated risks [Company Information and Forward-Looking Statements](index=3&type=section&id=Company%20Information%20and%20Forward-Looking%20Statements) This section provides details for a conference call to discuss the results, a cautionary note regarding forward-looking statements, and a brief overview of Crown Holdings' business. The company is a leading global supplier of rigid packaging products and transit and protective packaging products, headquartered in Tampa, Florida - Crown Holdings, Inc. is a leading global supplier of rigid packaging for consumer marketing companies and transit/protective packaging for various end markets[17](index=17&type=chunk) - The press release contains forward-looking statements that involve risks and uncertainties. Actual results may differ materially from those expressed. Key risk factors are discussed in the company's Form 10-K[15](index=15&type=chunk)[16](index=16&type=chunk) - A conference call to discuss the earnings release was scheduled for July 22, 2025, at 9:00 a.m. (EDT)[14](index=14&type=chunk)

Core Viewpoint - Crown Holdings, Inc. reported strong financial results for the second quarter of 2025, with significant growth in segment income and adjusted earnings per share, driven by robust performance in its Americas and European Beverage segments, as well as operational improvements across its global operations [2][3][5]. Financial Performance - Net sales for the second quarter of 2025 were $3,149 million, an increase from $3,040 million in the same quarter of 2024, attributed to higher shipments of beverage and food cans in North America and Europe, despite lower shipments in Asia Pacific and Transit Packaging [3][6]. - Income from operations rose to $391 million in Q2 2025, compared to $379 million in Q2 2024, while segment income increased to $476 million from $437 million year-over-year, reflecting improved operational performance [4][22]. - Net income attributable to Crown Holdings was $181 million in Q2 2025, up from $174 million in Q2 2024, with reported diluted earnings per share increasing to $1.56 from $1.45 [5][8]. Six-Month Results - For the first half of 2025, net sales reached $6,036 million, compared to $5,824 million in the first half of 2024, driven by higher shipments and the pass-through of increased material costs [6][8]. - Income from operations for the first six months was $756 million, up from $624 million in the same period of 2024, with segment income improving to $874 million from $745 million [7][22]. Outlook - The company has raised its full-year 2025 guidance for adjusted diluted earnings per share to a range of $7.10 to $7.50, reflecting strong performance in the first half of the year [10][11]. - The expected adjusted diluted earnings per share for Q3 2025 is projected to be between $1.95 and $2.05 [10]. Segment Performance - In Q2 2025, the Americas Beverage segment reported net sales of $1,405 million, up from $1,325 million in Q2 2024, while European Beverage sales increased to $635 million from $560 million [23]. - Segment income for Americas Beverage rose to $268 million from $243 million, and for European Beverage, it increased to $97 million from $88 million year-over-year [23]. Cash Flow and Capital Expenditures - The company expects to generate approximately $900 million in adjusted free cash flow for 2025 after capital expenditures of about $450 million [11][12]. - Cash flows from operating activities for the first half of 2025 were $463 million, compared to $343 million in the same period of 2024 [33].

Core Insights - Crown Holdings, Inc. has been recognized by Forbes as the top packaging company on track to achieve net-zero carbon emissions, ranking 22nd overall among 200 evaluated companies [1][2] Group 1: Recognition and Achievements - Crown's recognition as a Net Zero Leader for 2025 highlights the dedication of its global team towards sustainability goals [2] - The company ranked 22nd in emissions projections, risk management, financial strength, governance, and organizational preparedness [1] Group 2: Sustainability Initiatives - Crown's Twentyby30™ initiative, established in 2020, serves as a roadmap for achieving its net zero target, focusing on emissions reductions, water preservation, recycling, and ethical sourcing [3] - The company emphasizes that sustainability is central to its business, fostering innovation and progress in reducing its carbon footprint [4] Group 3: Reporting and Transparency - Crown's 2024 Sustainability Report titled "Built to Last" provides measurable data on its sustainability progress and highlights environmental and social goals that have been achieved or surpassed [4]

Core Insights - Crown Royal is launching the Pancake Palace as a pop-up experience blending country culture with a Y2K vibe, featuring live performances and themed cocktails [1][3] - The partnership with Tanner Adell includes a new cocktail and a custom tracksuit, highlighting a collaboration with Juicy Couture, and aims to support Women In Music through donations [2][6] - The Giddy Up, Gorgeous Tour, presented by Crown Royal, will visit seven cities, continuing the brand's collaboration with Tanner Adell from the previous year [4] Company Overview - Crown Royal is the leading Canadian whisky brand globally, known for its smooth flavor and regal presentation, established in 1939 [7] - Diageo North America, the parent company of Crown Royal, is a major player in the beverage alcohol industry, with a diverse portfolio of brands sold in over 180 countries [8][9] Industry Context - The collaboration with Women In Music reflects a growing trend in the beverage industry to engage in social responsibility and support for underrepresented groups in the arts [2][13] - Juicy Couture, as a lifestyle brand, emphasizes casual luxury and aims to connect with a younger audience through innovative partnerships [10]

The market expects Crown Holdings (CCK) to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended June 2025. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released ...

Company Overview - Silver Crown Royalties Inc. is a publicly traded silver royalty company with four silver royalties, three of which are revenue-generating [4] - The company's business model provides investors with exposure to precious metals, serving as a hedge against currency devaluation while minimizing the impact of cost inflation associated with production [4] Recent Financial Activity - The company closed the final tranche of its non-brokered offering, issuing 132,693 Units at a price of C$6.50 per Unit, resulting in gross proceeds of approximately C$862,505.50 [1] - A total of 235,531 Units were issued in the offering, generating cumulative gross proceeds of C$1,530,951.50 [2] Use of Proceeds - Proceeds from the final tranche will be allocated to fund the company's silver royalty acquisition on the Igor 4 project in Peru, as well as for general and administrative expenses [3]

Core Insights - Crown Castle (CCI) shares have increased by 13% year to date, outperforming the industry's growth of 3.7% [1][9] - The company's strategy to enhance its tower business is expected to support growth due to rising wireless connectivity usage [1] - The demand for wireless data is projected to rise significantly, prompting service providers to expand and densify their networks [1] Financial Performance - CCI reported a 5% consolidated organic growth in Q1 2025, driven by increased demand across its tower business portfolio [3] - The company has long-term lease agreements with major U.S. carriers, ensuring steady recurring revenues and top-line stability [4] - As of March 31, 2025, CCI had cash and cash equivalents of $60 million and a net debt to last quarter annualized adjusted EBITDA ratio of 5.9X [5] Liquidity and Credit Position - CCI has $7 billion of undrawn amounts available under its senior unsecured revolving credit facility as of March 31, 2025 [6] - The company holds investment-grade credit ratings of BBB, BBB+, and Baa3 from major rating agencies, facilitating access to debt markets on favorable terms [6] Market Position and Risks - CCI's extensive portfolio includes over 40,000 towers in the top 100 trading areas in the U.S., positioning it well for network investments driven by 5G deployment [3] - The company faces potential challenges from consolidation in the wireless industry and high customer concentration [10] - Analysts have a bearish outlook on CCI, with a Zacks Rank of 3 (Hold) and a downward revision of the 2025 FFO per share estimate by 9.3% to $4.18 [10]

Core Viewpoint - Goldstorm Metals Corp. has initiated a 2025 exploration program targeting the Copernicus Zone on its 100%-owned Crown Property, located in British Columbia's Golden Triangle, following recent copper-gold-silver discoveries [1][13]. Exploration Program - The exploration will include geological and geophysical programs to advance exploration on the Copernicus Zone, which covers approximately 16,000 hectares adjacent to significant projects by Seabridge Gold Inc. and Newmont [1][13]. - The Copernicus Zone is identified as a high-grade copper target with associated gold and silver mineralization [3]. Geological Insights - The company is analyzing assay results from previous sampling programs to define potential drill-hole locations for an inaugural diamond drilling program [3]. - A detailed geophysical study will be conducted over the Orion 'Spine', a six-kilometer-long ridgeline, to identify anomalies associated with mineralization [3][6]. Sampling Results - In 2024, extensive mapping and sampling programs included 627 surface rock samples, revealing multiple mineralized trends within volcaniclastic rocks at the Copernicus Zone [7]. - Notable sampling highlights include a grab sample returning 30.9 g/t gold and 42.39 g/t silver, and 16 samples within the Copernicus Zone returning greater than 1% copper [9][8]. Future Drilling Plans - The company has completed the construction of several drill pads targeting shear-hosted massive chalcopyrite lenses, which may represent mobilized metals from a deeper source [4][5]. - The initiation of a drill program is contingent upon favorable results from the upcoming geophysical study [3][6]. Company Background - Goldstorm Metals Corp. is focused on precious and base metals exploration, holding a strategic land position in the Golden Triangle of British Columbia, which is known for hosting some of the largest and highest-grade gold deposits globally [13].

Core Viewpoint - Crown Holdings, Inc. has released its 2024 Sustainability Report titled "Built to Last," highlighting its commitment to sustainability and progress towards its Twentyby30™ goals, which include emissions reduction, water conservation, and waste minimization [1][2] Group 1: Sustainability Goals - The Twentyby30™ program includes 20 measurable sustainability objectives to be achieved by the end of 2030, demonstrating Crown's global commitment to sustainability [2] - Significant achievements in recycling advocacy have been noted, including sponsorship of the Global Aluminium Can Sustainability Summit and participation in Climate Week NYC [2] Group 2: Organizational Approach - Crown's sustainability approach transcends regulatory requirements, aiming to create holistic value for the organization and the communities it serves [3] - The integration of sustainable practices is reported to reduce costs, enhance operational output, and drive innovation within the organization [3] Group 3: Reporting Standards - The sustainability report adheres to the Global Reporting Initiative (GRI) Core Standard and aligns with the United Nations Global Compact (UNGC) principles [3] - Crown's progress is mapped to indicators defined by the Sustainability Accounting Standards Board (SASB) Containers & Packaging Standard and key United Nations Sustainable Development Goals (SDGs) [3]

Core Viewpoint - Crown Crafts, Inc. has faced significant financial challenges in fiscal 2025, including a substantial net loss and declining profitability, primarily due to a goodwill impairment charge and increased operational costs [2][3][7]. Revenue & Profitability Performance - For Q4 fiscal 2025, Crown Crafts reported net sales of $23.2 million, a 2.9% increase from $22.6 million in the prior year [2] - The company experienced a GAAP net loss of $10.8 million, or $1.04 per diluted share, compared to a net income of $1 million, or $0.10 per diluted share, in the previous year [2] - Gross profit fell 18.8% to $4.2 million, with gross margin narrowing to 18.3% from 23.2% due to unfavorable sales mix and tariff-related costs [2] - For the full fiscal year, revenues decreased by 0.4% to $87.3 million from $87.6 million [3] - Adjusted net income was $1.0 million ($0.10 per share), while GAAP net loss was $(9.4) million, or $(0.90) per diluted share, compared to a net income of $4.9 million, or $0.48 per diluted share in the prior year [3] - Gross profit for the full year fell 7.5% to $21.3 million, with gross margin narrowing to 24.4% from 26.2% [3] Key Business Metrics - The company ended the fiscal year with $0.5 million in cash and cash equivalents, down from $0.8 million the previous year [4] - Inventory was reduced by 6.4% to $27.8 million, reflecting a strategy of higher closeout sales [4] - Marketing and administrative expenses increased by 17% in Q4 to $4.6 million from $3.9 million, largely due to the integration of Baby Boom Consumer Products [4] - Borrowings under the credit facility rose to $18.5 million due to the Baby Boom acquisition [4] Management Commentary - CEO Olivia Elliott described fiscal 2025 as a "transitional year," influenced by persistent inflation and reduced consumer discretionary spending [6] - Strategic initiatives such as acquisitions, e-commerce expansion, and cost containment were emphasized for long-term gains [6] - The company remains optimistic about future positioning, highlighting improved retail partnerships and a streamlined product portfolio [6] Factors Influencing Results - The fourth quarter faced multiple headwinds, including lower margins from closeout sales and increased tariffs totaling $324,000 [7] - The most significant impact came from a $13.8 million goodwill impairment charge due to a decline in market capitalization [7] Guidance and Outlook - Crown Crafts did not provide formal financial guidance but acknowledged significant near-term challenges, particularly related to tariffs [9] - The company is exploring various mitigation strategies and reaffirmed its commitment to growth through product and channel expansion [9] Other Developments - During fiscal 2025, Crown Crafts completed the acquisition of Baby Boom Consumer Products, adding new product lines to its portfolio [10] - The company transitioned its European operations to a distributor model to support long-term sales growth [11] - The redesigned "Love, Stella" doll line gained exposure from a Meghan Markle endorsement, highlighting marketing initiatives [11]