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CROWN HOLDINGS (CCK)

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..

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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.

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.

  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 Prices Senior Unsecured Notes Offering
·$CCK
Debt Issuance
  • Crown Holdings, Inc. (CCK) announced the pricing of an offering of €500 million aggregate principal amount of 3.750% senior unsecured notes due 2031.
  • The notes are issued by its subsidiary Crown European Holdings S.A. and will be unconditionally guaranteed by Crown and certain subsidiaries.
  • The company intends to use the net proceeds from this offering, along with cash on hand, to redeem its outstanding 2.875% senior notes due in February 2026 and cover related fees and expenses.
Sep 22, 2025, 8:05 PM
Crown Holdings Reports Strong Q2 2025 Results, Raises Full-Year Guidance
·$CCK
Earnings
Guidance Update
Share Buyback
  • 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%.
Jul 22, 2025, 6:11 PM
Crown Holdings Executes $700M Note Offering
·$CCK
Debt Issuance
  • $700M Senior Unsecured Notes: Crown Holdings, Inc. completed its note offering of $700,000,000 5.875% senior unsecured notes due 2033 on May 27, 2025, with interest payable semi-annually starting December 1, 2025.
  • Use of Proceeds and Guarantee: The net proceeds, together with cash on hand, will be used to repay the existing 4.750% senior notes due 2026 and to cover related fees and expenses; the notes are unconditionally guaranteed by Crown and its subsidiaries.
May 28, 2025, 12:00 AM
Crown Holdings Initiates 2026 Notes Redemption Notice
·$CCK
Debt Issuance
  • 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 $700 million of 5.875% Senior Notes due 2033 under a Purchase Agreement dated May 12, 2025, leaving the redemption uncertain if the condition is unmet.
May 16, 2025, 12:00 AM
Crown Holdings Q1 2025 Earnings & Operational Update
·$CCK
Earnings
Share Buyback
Guidance Update
  • 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.
Apr 29, 2025, 1:01 PM