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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..
| 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?
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.
- Diluted EPS increased to $1.65 and adjusted EPS reached $1.67 in Q1 2025, compared to $0.56 and $1.02 in Q1 2024.
- Net income rose to $193 million (from $67 million) while net sales grew to $2.887 billion versus $2.784 billion, driven by stronger beverage can shipments.
- Segment income improved with a 29% overall increase, including a 24% rise in the beverage can segment to $398 million (up from $308 million).
- The company raised its full-year guidance for adjusted diluted EPS to $6.70–$7.10 and anticipates Q2 adjusted EPS in the range of $1.80–$1.90.
- Share repurchases totaled $233 million in Q1, with additional buyback activity expected later in the year.
- Operational efficiency improvements and strategic capacity investments in Europe supported the robust performance amid seasonal demand pressures.
- Achieved approximately $800 million in adjusted free cash flow.