CROWN HOLDINGS, INC. Earnings Summary — Q2 FY2026

• Global beverage can volumes grew 5% in the quarter, with double-digit gains in Asia and solid performance in Europe and North America.
• The company raised its full-year 2026 adjusted diluted EPS guidance to a range of $8.30 to $8.50, up from the previous $7.90 to $8.30.
• Strong capital return program continues with $305 million in share repurchases during the quarter, totaling 7% of outstanding shares over the last 12 months.
• Management noted a significant pass-through of $395 million in higher material costs, which contributed to the reported revenue increase.
• Leverage remains disciplined with a net leverage ratio of 2.5x adjusted EBITDA and at least $900 million in expected annual free cash flow.
• Expansion projects are progressing in Brazil, Greece, and Spain, alongside a new entry into the high-growth Indian market.

Management raised the full-year 2026 adjusted diluted EPS guidance range to $8.30 - $8.50. For the third quarter of 2026, the company expects adjusted diluted EPS in the range of $2.20 to $2.30. Adjusted free cash flow for the full year is projected to be at least $900 million after capital expenditures of approximately $550 million.

Improving

The company demonstrated strong volume growth and margin resilience despite a tepid industrial environment, leading to an upward revision of full-year earnings guidance.

The outlook remains strong as consumer preference shifts toward aluminum cans as a sustainable packaging option. Growth is expected to be fueled by new capacity in emerging markets like India and continued scale in North America and Europe.