Crown Holdings third-quarter diluted earnings rise to $2.08 per share from $1.85

Crown Holdings, Inc. (NYSE: CCK) reported third-quarter 2026 diluted earnings of $2.08 per share, the company said Monday in a press release attached to a regulatory filing.

The results cover the quarter ended Sept. 30, 2026. The company, based in Tampa, Florida, is a leading global supplier of rigid packaging products.

Adjusted diluted earnings per share rose 7% to $2.39 from $2.24 a year earlier.

Here's how the company did:

• Diluted EPS: $2.08 vs. $1.85 a year earlier
• Adjusted diluted EPS: $2.39 vs. $2.24 a year earlier
• Net sales: $3,711 million vs. $3,202 million a year earlier
• Income from operations: $442 million vs. $423 million a year earlier

Net sales reflected higher global beverage can shipments and the pass-through of $405 million in higher material costs.

Income from operations was $442 million, compared with $423 million a year earlier. Restructuring and other charges fell to $8 million from $30 million.

Segment income, a non-GAAP measure the company treats as the principal measure of its operating performance, was $484 million, against $490 million a year earlier. The company said the contribution from higher global beverage can shipments was offset by input cost inflation.

Net income attributable to Crown Holdings was $225 million, up from $214 million.

Chairman, President and Chief Executive Officer Timothy J. Donahue said: “The Company performed well during the third quarter, continuing its pace for another exceptional year in 2026.”

For the first nine months, net sales were $10,638 million, compared with $9,238 million. That included the pass-through of $1,034 million in higher material costs and favorable foreign currency translation of $102 million.

Net income attributable to Crown Holdings for the nine months was $645 million, compared with $588 million.

Reported diluted earnings per share were $5.85, compared with $5.06. Adjusted diluted earnings per share were $6.72, against $6.05.

Americas Beverage net sales rose to $1,700 million from $1,417 million, and segment income rose to $259 million from $255 million.

European Beverage net sales were $772 million, up from $658 million, while segment income was unchanged at $109 million.

Asia Pacific net sales were $321 million, compared with $259 million. Segment income was $46 million, compared with $44 million.

Transit Packaging net sales were $520 million, compared with $517 million. Segment income fell to $60 million from $70 million.

Other, which includes the company's North America tinplate businesses, had net sales of $398 million, compared with $351 million. Segment income was unchanged at $51 million.

For the first nine months, net cash from operating activities was $1,065 million, compared with $1,043 million. Capital expenditures were $310 million, up from $181 million.

Adjusted free cash flow for the nine months was $771 million, compared with $887 million.

The company repurchased $81 million of its common stock during the quarter and $598 million in the first nine months, compared with $314 million a year earlier. It said it has acquired nearly 6% of its outstanding shares over the past twelve months.

For full-year 2026, the company expects adjusted diluted earnings per share of $8.35 to $8.45 and adjusted free cash flow of at least $950 million. That is after capital spending of approximately $550 million. Fourth-quarter adjusted diluted earnings per share are expected in the range of $1.63 to $1.73.

The release does not give prior-year guidance for comparison.

Senior Vice President and Chief Financial Officer Kevin C. Clothier said: “With our strong year-to-date performance and continued cash generation, Crown is on track to deliver another year of solid earnings and free cash flow.”

The company said capacity expansion projects in Brazil, Greece and Spain are on plan. Groundbreaking began in September on a beverage can plant in the northern Indian state of Uttar Pradesh, with commercial start-up expected in the first quarter of 2028.

The release does not disclose headcount changes.

The company will hold a conference call on Oct. 20, 2026, at 9:00 a.m. EDT, with a live webcast on its website.