Crown Holdings(CCK)

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My 6.3% Yielding Crown Jewel: Why Antero Midstream Remains A Strong Buy
Seeking Alpha· 2024-11-03 11:22
Join iREIT on Alpha today to get the most in-depth research that includes REITs, mREITs, Preferreds, BDCs, MLPs, ETFs, and other income alternatives. 438 testimonials and most are 5 stars. Nothing to lose with our FREE 2-week trial .I have to say, I feel a little guilty. That's because I have discussed Antero Midstream (NYSE: AM ) in a number of multi-ticker articles recently. It may feel like I'm pushing my idea to the masses.Analyst’s Disclosure: I/we have a beneficial long position in the shares of AM ei ...
Crown LNG Announces Execution of Final Agreements to Acquire Kakinada and Grangemouth LNG Import Terminal Assets
GlobeNewswire News Room· 2024-11-01 20:15
LONDON, Nov. 01, 2024 (GLOBE NEWSWIRE) -- Crown LNG Holdings Limited (Nasdaq: CGBS) (“Crown” or “Crown LNG”), a leading provider of LNG liquefaction and regasification terminal technologies for harsh weather locations, today announced the conclusion of two strategic acquisition agreements forming the basis of Crown LNG's entry into the global LNG infrastructure network: KGLNG and Grangemouth. The KGLNG agreement finalizes the acquisition of all shares of KGLNG, which owns the operating license for the Compa ...
Crown Holdings(CCK) - 2024 Q3 - Quarterly Report
2024-11-01 18:05
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED September 30, 2024 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM ____ TO ____ COMMISSION FILE NUMBER 001-41550 CROWN HOLDINGS, INC. (Exact name of registrant as specified in its charter) Pennsylvania 75-3099507 (State or other jurisdic ...
Aged to Perfection: Crown Royal Launches Iconic Reserve Offering with 12-Year Age Statement
Prnewswire· 2024-10-31 14:00
Introducing Crown Royal Reserve Aged 12 Years Blended Canadian Whisky: a Celebration of Time, Patience and the Art of Masterful BlendingNEW YORK, Oct. 31, 2024 /PRNewswire/ -- Award-winning Canadian whisky brand Crown Royal ushers in a new Reserve offering with the introduction of Crown Royal Reserve Aged 12 Years Blended Canadian Whisky. A patiently aged blend, this remarkable new expression is a showcase in craftsmanship in the growing Crown Royal portfolio, with each barrel hand-selected by master blende ...
Crown Castle Is Still A Better Play Than American Tower
Seeking Alpha· 2024-10-23 20:24
A little over a year ago, in late August 2023, I decided to compare two major players in the telecommunications space to one another. These firms were none other than American Tower Corporation (NYSE: AMT ) and its lesserCrude Value Insights offers you an investing service and community focused on oil and natural gas. We focus on cash flow and the companies that generate it, leading to value and growth prospects with real potential.Subscribers get to use a 50+ stock model account, in-depth cash flow analyse ...
Grizzly Provides Update on the Acquisition of the Motherlode Crown Grants, Greenwood Precious - Battery Metals Project, BC
Newsfile· 2024-10-22 13:00
. . . | --- | --- | |----------------------------|-------| | | | | Battery Metals Project, BC | | October 22, 2024 9:00 AM EDT | Source: Grizzly Discoveries Inc. Edmonton, Alberta--(Newsfile Corp. - October 22, 2024) - Grizzly Discoveries Inc. (TSXV: GZD) (FSE: G6H) (OTCQB: GZDIF) ("Grizzly" or the "Company") is pleased to provide an update on the acquisition of the Motherlode Crown Grants from First Majestic Silver Corp. ("First Majestic") and includes highlights of the recently compiled historical informa ...
Crown Castle: Paving The Way For AI-Backed Dividends
Seeking Alpha· 2024-10-21 11:00
Group 1 - The article discusses the potential turnaround of Crown Castle (NYSE: CCI) following a review of its fiber business and optimization strategies [1] - The company is involved in the cell tower REIT sector, indicating a focus on real estate investment trusts related to telecommunications infrastructure [1] Group 2 - The article promotes a service called iREIT®, which provides in-depth research on various investment vehicles including REITs, mREITs, and ETFs [2] - A new feature called iREIT Buy Zone has been introduced to help members identify value opportunities in the market [2]
Crown Holdings(CCK) - 2024 Q3 - Earnings Call Transcript
2024-10-18 17:45
Financial Data and Key Metrics Changes - Net sales for Q3 2024 were $3.1 billion, unchanged from the prior year, with segment income increasing to $472 million from $430 million due to volume gains in beverage segments and cost reduction initiatives [4] - The company reported a GAAP loss of $1.47 per share, primarily due to a non-cash pension settlement charge, compared to earnings of $1.33 per share in the prior year [4] - Adjusted earnings per diluted share were $1.99, up 15% from $1.73 in the prior quarter [4] - Free cash flow for the first nine months was strong at $668 million, driven by operational performance and reduced capital spending [5] Business Line Data and Key Metrics Changes - Americas Beverage segment income increased by 21% with a 10% volume growth, while European Beverage income advanced 18% due to 6% shipment growth [10] - Asia-Pacific segment income rose by 50% despite an 11% decline in unit volume sales, benefiting from capacity reduction and improved revenue quality [11] - Transit Packaging income declined due to weakening global manufacturing conditions, with a cautious outlook for the remainder of the year [12] Market Data and Key Metrics Changes - Global Beverage operations saw a combined segment income increase of 23% with 5% global volume growth [9] - North American food can volumes increased by 5%, while canmaking equipment activity was lower as expected [12] Company Strategy and Development Direction - The company authorized a $2 billion stock repurchase program through the end of 2027, repurchasing $110 million in the quarter [6] - The company aims to reduce net leverage to below 3 times by year-end, with a long-term target of 2.5 times [8] - The focus remains on returning capital to shareholders while managing debt maturities and pursuing operational efficiencies [6][8] Management's Comments on Operating Environment and Future Outlook - Management noted strong performance in global beverage operations and expects continued strength through year-end [9] - The company anticipates a cautious outlook for the Transit Packaging segment due to ongoing contraction in global manufacturing conditions [12] - Management expressed confidence in the ability to maintain margins and profitability, contingent on volume growth and market conditions [41] Other Important Information - The company has annuitized approximately $4 billion of pension liabilities since 2021, reducing future cash flow and earnings risk [5] - The fourth quarter adjusted earnings per diluted share are projected to be in the range of $1.45 to $1.55, with full-year guidance increased to $6.25 to $6.35 per share [7] Q&A Session Summary Question: What drove the strong margin conversion in the Americas segment? - Management indicated that market share gains and lower aluminum costs contributed to the strong performance, but growth is expected to align with market growth in 2025 [14][15] Question: Can you comment on operational progress in Asia? - Management noted that the capacity reduction program in Asia has been embraced well, with segment income expected to stabilize around $45 million to $50 million per quarter in the absence of volume growth [20] Question: What is the outlook for working capital and cash interest expense? - Management expects working capital benefits to be around $100 million, with potential for lower interest costs as rates decrease [22][24] Question: How much runway is there for capacity across beverage cans? - Management indicated that no new capacity installations are anticipated to meet expected market growth over the next few years [28][29] Question: How is the Helvetia acquisition performing? - The acquisition contributed approximately 1.5% to 2% of growth, with ongoing efforts to improve workforce training and equipment efficiency [50][52] Question: What are the pricing dynamics in the market? - Management acknowledged competitive pressures but noted no significant contract cliffs in the near term, with a focus on maintaining quality and reliability [53][54]
Will Flex's Top-Line Benefit From Crown Technical Systems Buyout?
ZACKS· 2024-10-18 16:15
Flex Ltd. (FLEX) has announced a definitive agreement to acquire Crown Technical Systems for $325 million in an all-cash deal. The acquisition is anticipated to be accretive within the first year following buyout completion. It is expected to be finalized by December 2024, pending standard closing conditions, including regulatory approvals. This acquisition enhances Flex's presence in rapidly expanding and profitable markets, particularly in modular data center adoption and medium-voltage power distribution ...
Crown Holdings Beats Q3 Earnings & Revenue Estimates, Raises '24 View
ZACKS· 2024-10-18 16:10
Crown Holdings, Inc. (CCK) reported third-quarter 2024 adjusted earnings per share (EPS) of $1.99, beating the Zacks Consensus Estimate of earnings of $1.81. The bottom line exceeded the company's EPS guidance of $1.75-$1.85 and improved 15% year over year. Including one-time items, CCK reported a loss (from continuing operations) of $1.47 per share in the quarter under review against earnings of $1.33 per share in third-quarter 2023. Find the latest EPS estimates and surprises on Zacks Earnings Calendar. N ...