NEW YORK - Crown Holdings Inc. (NYSE:CCK) saw its stock jump 5.8% after the packaging company reported fourth-quarter earnings that beat analyst expectations and provided an upbeat profit outlook for 2025.
The company reported adjusted earnings per share of $1.59 for the fourth quarter, surpassing the analyst consensus of $1.52. Revenue came in at $2.9 billion, slightly above the estimated $2.89 billion and up from $2.79 billion in the same quarter last year.
Crown Holdings’ global beverage can volumes increased 4% YoY in the fourth quarter, with shipments rising 8% in Europe and 7% in North America. The company’s combined global beverage can segment income improved 17% compared to the prior year.
For the full year 2025, Crown Holdings expects adjusted earnings per share to be in the range of $6.60 to $7.00, compared to $6.41 in 2024. The midpoint of this guidance is above the analyst consensus of $6.81. The company also projects adjusted free cash flow of approximately $800 million for 2025.
"Crown delivered strong results in the fourth quarter, with segment income advancing 12% compared to the prior year," said Timothy J. Donahue, Chairman, President and Chief Executive Officer. "2024 was an excellent year overall, exceeding previous expectations."
The company reported that it reduced net debt by $878 million in 2024, ending the year with a net leverage ratio of 2.7x. Crown Holdings also generated record adjusted free cash flow of $814 million for the full year 2024.
For the first quarter of 2025, the company expects adjusted earnings per share to be between $1.20 and $1.30, above the analyst estimate of $1.14.
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