Crown Holdings Reports Strong Second Quarter Results and Raises 2025 Forecast

Crown Holdings has announced robust financial results for the second quarter of 2025 and revised its projections upward for the year’s end.

Earnings per share (EPS) reached $1.81, surpassing the $1.45 from the same period last year. Adjusted EPS was $2.15, compared to the previous $1.81. Net sales grew by 3.6%, primarily driven by increased beverage can volumes in North America and Europe, as well as food cans in North America.

Segment income stood at $476 million, an increase from last year’s $437 million, reflecting higher production and operational improvements. Additionally, free cash flow for the first six months was $387 million, more than double the $178 million recorded in 2024.

The company returned $269 million to its shareholders in the first half of the year.

Due to these results and despite the uncertainty generated by potential tariffs, Crown Holdings raised its guidance for adjusted earnings per share in 2025, which is now expected to be between $7.10 and $7.50. Adjusted EBITDA for the third quarter is estimated to be between $1.95 and $2.05 per share.

Forecasts for the year include net interest expense of approximately $360 million, a tax rate of 25%, and depreciation close to $310 million. Capital investment is projected at $450 million, while adjusted free cash flow could reach $900 million. The company expects to close the year with net leverage of around 2.5 times.

President and CEO Timothy Donahue highlighted the strong performance of the global beverage segment, with a 9% increase in segment income, and emphasized growth in America and Europe. In contrast, the Asia Pacific region experienced a decline in volumes due to the impact of tariffs in Southeast Asia.

Donahue noted that the company estimates a potential exposure to tariffs of around $25 million, an amount that was already considered in the revision of the financial projections.

The executive thanked the Crown team for their dedication, emphasizing that their commitment is key to maintaining excellence in customer service and the company’s solid growth.