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    Crown Holdings Inc (CCK)

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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.

    1. Americas Beverage - Manufactures aluminum beverage cans, glass bottles, steel crowns, and aluminum caps, operating facilities in the U.S., Brazil, Canada, Colombia, and Mexico.
    2. Transit Packaging - Produces industrial products, protective solutions, and automation equipment, including steel and plastic straps, industrial films, airbags, edge protectors, and honeycomb products.
    3. European Beverage - Produces aluminum beverage cans and ends, serving Europe, the Middle East, and North Africa.
    4. Asia Pacific - Focuses on beverage can operations in Southeast Asia and non-beverage can operations like food cans and specialty packaging.
    5. Other - Includes food cans, aerosol cans, closures, and beverage tooling and equipment operations in North America and the U.K..
    NamePositionExternal RolesShort 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.

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    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.

    1. 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?

    2. 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?

    3. 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?

    4. 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?

    5. 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?

    Program DetailsProgram 1 (July 2024)
    Approval DateJuly 25, 2024
    End Date/DurationEnd of 2027
    Total Additional Amount$2,000 million
    Remaining Authorization$1,894 million
    DetailsSuperseded the December 2021 program; repurchases are made opportunistically based on price, corporate and regulatory requirements, and market conditions.

    Competitors mentioned in the company's latest 10K filing.

    CompanyDescription

    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.

    CompanyYearDetails

    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 Q1 2025 Results Announced
    CCK
    Earnings
    Guidance Update
    Share Buyback
    • Diluted EPS increased to $1.65 (reported) and adjusted diluted EPS to $1.67 in Q1 2025, compared to $0.56 and $1.02 respectively in Q1 2024, with net income rising to $193 million from $67 million.
    • Net sales grew to $2.887 billion versus $2.784 billion year-over-year, driven by stronger beverage can shipments and improved manufacturing performance, resulting in segment income of $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 diluted EPS in the range of $1.80–$1.90, with approximately $800 million in adjusted free cash flow and substantial shareholder returns of $233 million (including $203 million in share repurchases).
    4 hours ago