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Crown Holdings Q2 Earnings & Revenues Beat Estimates, '25 View Raised

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Key Takeaways

  • CCK posted Q2 adjusted EPS of $2.15, beating estimates and rising 19% year over year.
  • Strong Americas and European Beverage growth drove revenues to $3.15B, topping expectations.
  • Full-year adjusted EPS outlook raised to $7.10-$7.50, implying 14% year-over-year growth at midpoint.

Crown Holdings, Inc. (CCK - Free Report) reported second-quarter 2025 adjusted earnings per share (EPS) of $2.15, beating the Zacks Consensus Estimate of $1.86. The bottom line exceeded the company’s EPS guidance of $1.80-$1.90. It improved 19% year over year.

Including one-time items, the company reported earnings of $1.56 per share in the quarter under review compared with $1.45 in second-quarter 2024.

Net sales totaled $3.15 billion, up 3.6% from the year-ago quarter. The top line beat the Zacks Consensus Estimate of $3.14 billion. The upside was driven by strong performance in Americas Beverage, European Beverage and the North American Tinplate businesses.

Crown Holdings, Inc. Price, Consensus and EPS Surprise

Crown Holdings, Inc. Price, Consensus and EPS Surprise

Crown Holdings, Inc. price-consensus-eps-surprise-chart | Crown Holdings, Inc. Quote

Crown Holdings’ Q2 Margins Up Y/Y

The cost of products sold rose 2.4% year over year to $2.44 billion. On a year-over-year basis, gross profit moved up 7.9% to $713 million. The gross margin improved to 22.6% from the year-ago quarter’s 21.7%.

Selling and administrative expenses rose 7.3% year over year to $161 million. Segmental operating income was $476 million compared with the prior-year quarter’s $437 million.

CCK’s Segment Performances in Q2

Net sales in the Americas Beverage segment totaled $1.40 billion, up 6% year over year. Segmental operating profit increased 10.3% year over year to $268 million.

The European Beverage segment’s sales rose 13.4% year over year to $635 million. Operating income was $97 million compared with the year-ago quarter’s $88 million.

The Asia-Pacific segment’s revenues totaled $256 million, down 11.7% year over year. Operating profit was $50 million compared with the prior-year quarter’s $55 million.

Revenues in the Transit Packaging segment totaled $526 million compared with the year-ago quarter’s $555 million. Operating profit fell 1.4% year over year to $72 million.

Crown Holdings’ Cash Flow & Balance Sheet Updates

Crown Holdings had cash and cash equivalents of $0.94 billion at the end of second-quarter 2025, down from $1.41 billion at the end of the prior-year quarter. The company generated $463 million of cash in operating activities in the first half of 2025 compared with $343 million in the year-ago comparable period.

Crown Holdings’ long-term debt decreased to $5.62 billion as of June 30, 2025, from $5.95 billion as of June 30, 2024.

CCK Raises 2025 EPS Outlook

Crown Holdings expects adjusted EPS to be between $1.95 and $2.05 in the third quarter of 2025. Adjusted EPS in the third quarter of 2024 was $1.99.

Backed by the solid performance in the first quarter and upbeat demand, the company now projects full-year adjusted EPS to be $7.10-$7.50 compared with its prior expectation of $6.70-$7.10. The midpoint of the revised guidance implies year-over-year growth of 14%.

CCK expects 2025 adjusted free cash flow of $900 million.

Crown Holdings Stock’s Price Performance

The company’s shares have gained 36.8% in the past year against the industry’s 12.4% decline.

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Image Source: Zacks Investment Research

CCK’s Zacks Rank

Crown Holdings currently carries a Zacks Rank #3 (Hold).

You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Packaging Products Stocks Awaiting Results

Ball Corporation (BALL - Free Report) is scheduled to release its second-quarter 2025 results on Aug. 5. The Zacks Consensus Estimate for BALL’s second-quarter 2025 earnings is pegged at 87 cents per share, suggesting year-over-year growth of 17.6%.

The Zacks Consensus Estimate for Ball Corp.’s top line is pegged at $3.15 billion, suggesting growth of 6.6% from the prior-year figure. Ball Corp. has a trailing four-quarter average surprise of 4.9%.

Silgan Holdings Inc. (SLGN - Free Report) is scheduled to release its second-quarter 2025 results on July 30. The Zacks Consensus Estimate for SLGN’s second-quarter 2025 earnings is pegged at $1.03 per share, suggesting year-over-year growth of 17%.

The Zacks Consensus Estimate for Silgan Holdings’ top line is pegged at $1.53 billion, suggesting an increase of 11.1% from the prior-year figure. Silgan Holdings has a trailing four-quarter average surprise of 2.1%.

AptarGroup, Inc. (ATR - Free Report) is scheduled to release its second-quarter 2025 results on July 31. The Zacks Consensus Estimate for AptarGroup’s second-quarter 2025 earnings is pegged at $1.58 per share, suggesting year-over-year growth of 15.3%. 

The Zacks Consensus Estimate for the company’s top line is pegged at $946.1 million, suggesting growth of 3.9% from the prior-year figure. ATR has a trailing four-quarter average surprise of 7.3%.

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