Crown Holdings, Inc. is a global leader in the design, manufacture, and sale of packaging products for consumer goods and industrial products. The company focuses on sustainability and innovation, offering a wide range of packaging solutions including metal packaging, transit packaging, and specialty packaging. Crown Holdings is committed to eco-friendly practices, particularly through its infinitely recyclable aluminum cans.
- Americas Beverage - Manufactures aluminum beverage cans, glass bottles, steel crowns, and aluminum caps, operating facilities in the U.S., Brazil, Canada, Colombia, and Mexico.
- Transit Packaging - Produces industrial products, protective solutions, and automation equipment, including steel and plastic straps, industrial films, airbags, edge protectors, and honeycomb products.
- European Beverage - Produces aluminum beverage cans and ends, serving Europe, the Middle East, and North Africa.
- Asia Pacific - Focuses on beverage can operations in Southeast Asia and non-beverage can operations like food cans and specialty packaging.
- Other - Includes food cans, aerosol cans, closures, and beverage tooling and equipment operations in North America and the U.K..
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| Name | Position | External Roles | Short Bio | |
|---|---|---|---|---|
Timothy J. Donahue ExecutiveBoard | Chairman, President, and Chief Executive Officer | None | Timothy J. Donahue has been leading Crown Holdings since 2016, overseeing significant growth in the global beverage can segment and achieving record financial performance. | View Report → |
Carlos Baila Executive | President – Asia Pacific Division | None | Carlos Baila assumed the role in 2023, focusing on the Asia Pacific market. | |
Christy L. Kalaus Executive | Vice President and Corporate Controller | None | Christy L. Kalaus has been the Corporate Controller since 2022, overseeing financial reporting. | |
Djalma Novaes, Jr. Executive | President – Americas Division | None | Djalma Novaes, Jr. has been leading the Americas Division since 2015. | |
Gerard H. Gifford Executive | Executive Vice President and Chief Operating Officer | None | Gerard H. Gifford has been COO since 2017, with a focus on operational leadership. | |
Kevin C. Clothier Executive | Senior Vice President and Chief Financial Officer | None | Kevin C. Clothier has been the CFO since 2022, contributing to strategic financial planning and overseeing financial operations. | |
Matthew R. Madeksza Executive | President – Transit Packaging Division | None | Matthew R. Madeksza has been leading the Transit Packaging Division since 2022. | |
Andrea J. Funk Board | Director | Director of Destination Maternity Corporation | Andrea J. Funk has been a director since 2017, with a background in finance and operations. | |
Angela M. Snyder Board | Director | President and Senior Executive Vice President of Fulton Bank; Director of Fulton Bank | Angela M. Snyder has been a director since 2022, with extensive experience in banking and corporate governance. | |
B. Craig Owens Board | Director | Director of AptarGroup | B. Craig Owens has been a director since 2019, with a background in finance and administration. | |
Caesar F. Sweitzer Board | Director | None | Caesar F. Sweitzer has been a director since 2014, recognized as an audit committee financial expert. | |
Dwayne A. Wilson Board | Director | Director of Sterling Infrastructure, Ingredion Incorporated, and DT Midstream | Dwayne A. Wilson has been a director since 2020, with experience in infrastructure and manufacturing. | |
James H. Miller Board | Director | Director of another NYSE-listed company | James H. Miller has been a director since 2010, with leadership experience in the energy sector. | |
Marsha C. Williams Board | Director | Chairperson of Modine Manufacturing Company; Director of Fifth Third Bancorp | Marsha C. Williams has been a director since 2022, with expertise in strategic planning and corporate finance. | |
Richard H. Fearon Board | Director | Chairman of Avient Corporation; Director of Waters Corporation and CRH plc | Richard H. Fearon has been a director since 2019, bringing extensive financial and strategic expertise. | |
Stephen J. Hagge Board | Director | Chairman of CF Industries Holdings | Stephen J. Hagge has been a director since 2019, with experience in public company governance and operations. |
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With North American beverage can volumes projected to be flat in 2025, and potential overcapacity in the market, how do you plan to maintain your strong margins and prevent pricing pressures from impacting your profitability?
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Given the anticipated significant Midwest premium increases due to tariffs, how do you expect this to affect your customers' pricing strategies and ultimately consumer demand, especially considering that in 2022, consumers saw prices of 12-packs rise from $3 to $9?
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While you have made manufacturing improvements and achieved strong operational performance, to what extent do you believe these efficiency gains are sustainable, and how will you continue to drive margin improvement in an environment of flat volumes?
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In Asia Pacific, you mention walking away from unprofitable business in China and focusing on income growth; can you elaborate on your strategy for this region and how you plan to reignite volume growth given consumer purchasing power remains subdued?
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With Transit Packaging facing macroeconomic headwinds and income expected to be only flat to marginally up in 2025, what specific actions are you taking to improve performance in this segment and offset industrial activity sluggishness?
Research analysts who have asked questions during CROWN HOLDINGS earnings calls.
Anthony Pettinari
Citigroup Inc.
6 questions for CCK
Edlain Rodriguez
Mizuho Securities
6 questions for CCK
George Staphos
Bank of America
6 questions for CCK
Arun Viswanathan
RBC Capital Markets
5 questions for CCK
Philip Ng
Jefferies
5 questions for CCK
Stefan Diaz
Morgan Stanley
5 questions for CCK
Gabe Hajde
Wells Fargo & Company
4 questions for CCK
Ghansham Panjabi
Robert W. Baird & Co.
4 questions for CCK
Chris Parkinson
Wolfe Research, LLC
3 questions for CCK
Jeffrey Zekauskas
JPMorgan Chase & Co.
3 questions for CCK
Anojja Shah
UBS Group AG
2 questions for CCK
Christopher Parkinson
Wolfe Research
2 questions for CCK
Jeff Zekauskas
JPMorgan Chase & Co.
2 questions for CCK
Josh Spector
UBS Group
2 questions for CCK
Matt Roberts
Raymond James Financial
2 questions for CCK
Michael Leithead
Barclays
2 questions for CCK
Michael Roxland
Truist Securities
2 questions for CCK
Mike Roxland
Truist Securities
2 questions for CCK
Andrew Orme
Wolfe Research
1 question for CCK
Joshua Spector
UBS
1 question for CCK
Phil Ng
Jefferies
1 question for CCK
Competitors mentioned in the company's latest 10K filing.
| Company | Description |
|---|---|
Ardagh Metal Packaging | The company competes with this entity in the highly competitive packaging markets, primarily based on price, quality, service, and performance. |
This competitor is mentioned as one of the entities the company competes with in the packaging industry. | |
Can-Pack S.A. | This competitor is listed among the company's rivals in the packaging sector. |
Mauser Packaging Solutions | The company identifies this entity as one of its competitors in the packaging industry. |
Metal Container Corporation | This competitor is noted as one of the rivals in the packaging markets. |
The company competes with this entity in the packaging industry. | |
This competitor is mentioned as one of the entities the company competes with in the packaging sector. | |
Trivium Packaging | The company identifies this entity as one of its competitors in the packaging markets. |
Notable M&A activity and strategic investments in the past 3 years.
| Company | Year | Details |
|---|---|---|
Helvetia Packaging | 2023 | Completed on October 3, 2023, this deal cost approximately $128 million (with an estimated $30 million goodwill) to acquire a high-speed beverage can and end manufacturing facility in Saarlouis, Germany, strategically expanding Crown's European Beverage segment and adding capacity for efficiency improvements in 2024. |
Acquired Business | 2022 | Two deals were executed, with the first costing $23 million in Q1 and the second $31 million in Q2 (net of cash acquired), both recorded under investing cash flows, though further specifics about the businesses were not disclosed. |
Recent press releases and 8-K filings for CCK.
- Crown Holdings reported Q3 2025 adjusted earnings per share of $2.24, compared to $1.99 in the prior year quarter, with net sales increasing 4.2% and segment income reaching $490 million.
- The company raised its full-year 2025 adjusted EPS guidance to $7.70 to $7.80 and projects Q4 2025 adjusted EPS to be in the range of $1.65 to $1.75.
- Free cash flow for the nine months ended September 30 improved to $887 million, and the company estimates full-year 2025 adjusted free cash flow to be approximately $1 billion after $400 million in capital spending.
- Operational highlights include a 12% increase in European beverage shipments, leading to a 27% rise in European beverage income, while Latin American volumes declined by 5% due to a 15% drop in Brazil and Mexico.
- Crown Holdings repurchased $105 million of common stock in Q3 2025 and $314 million year-to-date, achieving its long-term net leverage target of 2.5 times in September.
- Crown Holdings reported Q3 2025 earnings per share of $1.85 and adjusted earnings per share of $2.24, with net sales up 4.2% and segment income reaching $490 million.
- The company's free cash flow for the nine months ended September 30 improved to $887 million, and it repurchased $105 million of common stock in the quarter, totaling $314 million year-to-date.
- Crown Holdings achieved its long-term net leverage target of 2.5 times in September and raised its full-year adjusted EPS guidance to $7.70 to $7.80, projecting Q4 adjusted EPS between $1.65 and $1.75.
- Operational highlights include a record quarter for European beverage with 12% volume growth and 27% higher income, while America's beverage volumes were down 5% due to declines in Brazil and Mexico. The company now estimates 2025 full-year adjusted free cash flow to be approximately $1 billion.
- Crown Holdings reported strong Q3 results with a 13% increase in adjusted EPS to $2.24 and $3.2 billion in revenue, driven by a 12% surge in European beverage can shipments and a 27% jump in segment income.
- The company projects adjusted Q4 EPS between $1.65 and $1.75 and has increased its full-year profit guidance, expecting nearly $1 billion in free cash flow for 2025.
- Following the strong results and updated guidance, Crown Holdings' stock rose by 10%, with analysts setting a median price target of $116.50, implying a potential upside of nearly 20%.
- Despite the positive outlook, there has been insider selling of 58,222 shares in the past three months, with no insider buying.
- Crown Holdings, Inc. reported net sales of $3,202 million for the third quarter of 2025, an increase from $3,074 million in the third quarter of 2024.
- Diluted earnings per share for Q3 2025 were $1.85, significantly up from a diluted loss per share of $(1.47) in Q3 2024. Adjusted diluted earnings per share increased 13% to $2.24 in Q3 2025, compared to $1.99 in the prior year.
- The company increased its full-year 2025 guidance for adjusted diluted earnings per share to a range of $7.70 to $7.80 and anticipates approximately $1.0 billion in adjusted free cash flow.
- Crown Holdings achieved its long-term adjusted net leverage target of 2.5x at September 30, 2025, and returned over $400 million to shareholders through share repurchases and dividends during the first nine months of 2025.
- Crown Holdings, Inc. (CCK) reported adjusted diluted earnings per share of $2.24 for the third quarter ended September 30, 2025, an increase of 13% compared to $1.99 in 2024. Net sales for the quarter were $3,202 million, up from $3,074 million in the prior year period.
- For the first nine months of 2025, adjusted diluted earnings per share was $6.05, compared to $4.82 in 2024, on net sales of $9,238 million.
- The company increased its full-year 2025 guidance range for adjusted diluted earnings per share to $7.70 to $7.80 and anticipates generating approximately $1.0 billion in adjusted free cash flow.
- Crown Holdings achieved its long-term adjusted net leverage target of 2.5x at September 30, 2025, and returned over $400 million to shareholders through share repurchases and dividends during the first nine months.
- Crown European Holdings S.A., a wholly-owned subsidiary of Crown Holdings, Inc., completed an offering of €500,000,000 aggregate principal amount of 3.750% senior unsecured notes due 2031 on October 6, 2025.
- The notes will mature on September 30, 2031, with semi-annual interest payments commencing March 30, 2026.
- The net proceeds from the offering, combined with cash on hand, will be utilized to redeem the Issuer's outstanding 2.875% senior notes due in February 2026 and cover associated fees and expenses.
- These notes are senior obligations of the Issuer and are unconditionally guaranteed on a senior basis by Crown Holdings, Inc. and certain subsidiaries.
- The indenture governing the notes contains covenants that limit the ability of the Company and its subsidiaries to create liens, engage in sale and leaseback transactions, or merge/consolidate.
- Crown Holdings, Inc. (CCK) announced the pricing of an offering of €500 million aggregate principal amount of 3.750% senior unsecured notes due 2031.
- The notes are issued by its subsidiary Crown European Holdings S.A. and will be unconditionally guaranteed by Crown and certain subsidiaries.
- The company intends to use the net proceeds from this offering, along with cash on hand, to redeem its outstanding 2.875% senior notes due in February 2026 and cover related fees and expenses.
- Crown Holdings reported strong Q2 2025 results, with adjusted earnings per share of $2.15 compared to $1.81 in the prior year quarter, and net sales up 3.6%. Segment income reached $476 million.
- For the first six months of 2025, free cash flow improved to $387 million from $178 million in the prior year, and the company returned $269 million to shareholders.
- The company raised its full-year 2025 adjusted EPS guidance to $7.10 to $7.50 per share and now estimates full-year adjusted free cash flow at approximately $900 million.
- Operational highlights include a 9% advance in Global Beverage segment income, 1% higher shipments in North American Beverage, and 7% increase across European Beverage. North American food demand also increased 9%.
- $700M Senior Unsecured Notes: Crown Holdings, Inc. completed its note offering of $700,000,000 5.875% senior unsecured notes due 2033 on May 27, 2025, with interest payable semi-annually starting December 1, 2025.
- Use of Proceeds and Guarantee: The net proceeds, together with cash on hand, will be used to repay the existing 4.750% senior notes due 2026 and to cover related fees and expenses; the notes are unconditionally guaranteed by Crown and its subsidiaries.
- Crown Holdings’ subsidiaries issued a conditional notice of redemption for the $875 million 2026 Senior Notes, set for redemption on June 15, 2025.
- The redemption is contingent upon issuing $700 million of 5.875% Senior Notes due 2033 under a Purchase Agreement dated May 12, 2025, leaving the redemption uncertain if the condition is unmet.