NYSE$CCK
Crown Holdings Inc · Q4 2024 earnings
Q4 2024 earnings · · After market close · Investor relations
Briefing
Crown Holdings, Inc. reported its financial results for the fourth quarter and full year ended December 31, 2024.
Crown Holdings, Inc. delivered strong fourth-quarter results with a 12% increase in segment income compared to the prior year, driven by a 17% improvement in combined global beverage can segment income due to 4% global volume growth. The company also achieved record adjusted free cash flow for the full year 2024 and significantly reduced net debt.
- Fourth-quarter diluted earnings per share were $3.02, with adjusted diluted earnings per share increasing by 28% to $1.59.
- Full-year diluted earnings per share were $3.55, and adjusted diluted earnings per share increased by 9% to $6.41.
- The company generated a record $814 million in adjusted free cash flow and reduced net debt by $878 million, achieving an adjusted net leverage ratio of 2.7x.
- Segment income in the fourth quarter increased to $428 million, up from $382 million in the prior year, primarily due to improved global beverage operations.
Headline financials
Revenue & EPS history
Crown · Revenue · Quarterly
$2.9B
Revenue by segment
Crown · $3.07B total across 5 segments · Q3 2023
- Americas Beverage$1.3B—42.2%
- Transit Packaging$554M—18.1%
- European Beverage$536M—17.5%
- Other$377M—12.3%
- Asia Pacific$307M—10.0%
Forward guidance
Crown Holdings, Inc. expects full-year 2025 adjusted diluted earnings per share to be in the range of $6.60 to $7.00, with adjusted free cash flow of approximately $800 million after estimated capital spending of $450 million. First-quarter 2025 adjusted diluted earnings per share is expected to be between $1.20 and $1.30.
Tailwinds
- Expected full year 2025 adjusted diluted earnings per share in the range of $6.60-$7.00.
- Expected full year 2025 adjusted free cash flow of approximately $800 million.
- Multi-year global beverage can expansion program substantially completed, leading to significantly reduced capital expenditures.
- Manufacturing platform will allow meeting existing and additional demand.
- First quarter 2025 adjusted diluted earnings per share expected to be in the range of $1.20 to $1.30.
Headwinds
- Industrial activity remains sluggish, impacting Transit Packaging.
- The adjusted effective tax rate is expected to approximate 25% for full year 2025.
- Estimated capital spending of $450 million for full year 2025.
- Unavailability of reliable forecasts for certain items like gains/losses on business sales, restructuring costs, and tax law changes, which could impact GAAP earnings.
- Potential for higher interest rates and energy prices due to inflation.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q4 2024
+0.5%
Avg return
Earnings day
+0.3%
Avg return
5 days after
+1.1%
Avg return
30 days after
51%
35 / 69 earnings
Positive
+8.8%
Q2 2024
Best reaction
-15.8%
Q3 2022
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -1.5% | -1.4% | -4.4% | |
| Q4 2025 | -0.9% | -3.2% | -8.2% | |
| Q3 2025 | +5.5% | +4.7% | +1.5% | |
| Q2 2025 | -0.5% | -0.4% | -4.6% | |
| Q1 2025 | +8.0% | +8.0% | +9.7% | |
| Q4 2024 | +2.6% | +5.3% | +7.8% | |
| Q3 2024 | +3.9% | +2.3% | -4.4% | |
| Q2 2024 | +8.8% | +10.4% | +15.2% | |
| Q1 2024 | +1.8% | +2.3% | +2.1% | |
| Q4 2023 | -13.9% | -16.0% | -14.6% | |
| Q3 2023 | +4.2% | +1.5% | +5.1% | |
| Q2 2023 | +5.8% | +4.0% | -3.2% | |
| Q1 2023 | +3.1% | +8.8% | +0.5% | |
| Q4 2022 | -1.1% | -3.5% | -4.4% | |
| Q3 2022 | -15.8% | -18.9% | -1.6% | |
| Q2 2022 | +5.6% | +3.8% | +7.0% | |
| Q1 2022 | -10.6% | -7.8% | -14.7% | |
| Q4 2021 | +3.6% | +4.8% | +9.4% | |
| Q3 2021 | -3.6% | -1.0% | +5.2% | |
| Q2 2021 | -1.0% | -6.3% | +3.6% | |
| Q1 2021 | -1.1% | +0.5% | -0.3% | |
| Q4 2020 | +4.7% | +5.6% | +3.9% | |
| Q3 2020 | +4.5% | +8.6% | +14.9% | |
| Q2 2020 | +3.6% | +3.6% | +9.1% | |
| Q1 2020 | -5.4% | -5.9% | +0.1% | |
| Q4 2019 | +5.5% | +5.3% | -0.2% | |
| Q3 2019 | +7.4% | +10.5% | +17.2% | |
| Q2 2019 | -1.1% | +2.4% | +10.2% | |
| Q1 2019 | +0.8% | +3.1% | +8.0% | |
| Q4 2018 | +2.1% | +3.6% | +6.2% | |
| Q3 2018 | -3.0% | -6.1% | +3.3% | |
| Q2 2018 | -1.9% | -5.5% | -9.4% | |
| Q1 2018 | -2.3% | -5.2% | -15.6% | |
| Q4 2017 | -4.3% | -6.5% | -6.0% | |
| Q3 2017 | +1.1% | +1.4% | -2.4% | |
| Q2 2017 | -1.0% | -0.9% | -4.6% | |
| Q1 2017 | +0.5% | +2.4% | +2.8% | |
| Q4 2016 | -1.3% | -2.0% | -0.6% | |
| Q3 2016 | -2.2% | -2.5% | -4.8% | |
| Q2 2016 | +2.3% | +2.3% | +4.4% | |
| Q1 2016 | +2.2% | — | — | |
| Q4 2015 | +5.3% | — | — | |
| Q3 2015 | +2.2% | — | — | |
| Q2 2015 | -3.2% | — | — | |
| Q1 2015 | -0.2% | — | — | |
| Q4 2014 | +6.8% | — | — | |
| Q3 2014 | +5.4% | — | — | |
| Q2 2014 | -4.7% | — | — | |
| Q1 2014 | +1.4% | — | — | |
| Q4 2013 | -0.1% | — | — | |
| Q3 2013 | -1.5% | — | — | |
| Q2 2013 | +4.2% | — | — | |
| Q1 2013 | -1.9% | — | — | |
| Q4 2012 | -2.0% | — | — | |
| Q4 2011 | -1.7% | — | — | |
| Q3 2012 | +0.5% | — | — | |
| Q2 2012 | +5.8% | — | — | |
| Q1 2012 | -0.6% | — | — | |
| Q4 2010 | +0.0% | — | — | |
| Q3 2011 | +0.0% | — | — | |
| Q2 2011 | +2.5% | — | — | |
| Q1 2010 | +2.4% | — | — | |
| Q1 2011 | -0.3% | — | — | |
| Q4 2008 | -1.0% | — | — | |
| Q3 2010 | -0.4% | — | — | |
| Q3 2009 | -0.4% | — | — | |
| Q2 2010 | +0.5% | — | — | |
| Q4 2009 | +0.5% | — | — | |
| Q2 2009 | +0.5% | — | — |
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