Crown Holdings, Inc. designs, manufactures, and sells packaging products and equipment for consumer goods and industrial products in the Americas, Europe, and the Asia Pacific. It offers products for consumer goods, including steel and aluminum cans for food, beverage, household, and other consumer products; glass bottles for beverage product; and metal vacuum closures and steel crowns through its sales organization to the soft drink, food, citrus, brewing, household products, personal care, and various other industries. The company also provides products for industrial products, such as steel and plastic strap consumables and equipment, paper-based protective packaging, and plastic film consumables and equipment to metals, food and beverage, construction, agricultural, corrugated, and general industries. In addition, it offers aerosol cans and ends; and promotional and specialty packaging containers with various lid and closure variations. Further, the company provides industrial film and other related products; transit protection products, such as airbags, edge protectors, and honeycombs; and equipment and tools, such as manual, semi-automatic, and automatic equipment and tools used in end of line manufacturing applications to apply consumables. Crown Holdings, Inc. was founded in 1892 and is headquartered in Yardley, Pennsylvania.
IPO Year:
Exchange: NYSE
Website: crowncork.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 1/13/2025 | $109.00 → $105.00 | Equal-Weight → Overweight | Morgan Stanley |
| 4/16/2024 | $85.00 → $90.00 | Neutral → Outperform | Robert W. Baird |
| 3/27/2024 | $100.00 → $88.00 | Buy → Hold | Truist |
| 3/18/2024 | $87.00 | Equal-Weight | Morgan Stanley |
| 3/1/2024 | $102.00 | Outperform | Wolfe Research |
| 2/7/2024 | $85.00 | Neutral → Overweight | JP Morgan |
| 1/16/2024 | $112.00 | Buy | UBS |
| 1/4/2023 | $80.00 | Outperform → Neutral | Robert W. Baird |
| 10/26/2022 | $115.00 → $71.00 | Overweight → Neutral | JP Morgan |
| 9/15/2022 | $105.00 | Neutral | UBS |
TAMPA, Fla., May 30, 2025 /PRNewswire/ -- Crown Holdings, Inc. (NYSE:CCK) announced today that the Company will add a new high-speed production line to its beverage can plant in Ponta Grossa, in the state of Parana. The additional capacity will serve the expanding requirements of both alcoholic and non-alcoholic beverage customers in the southern region of Brazil. The Ponta Grossa plant was built in 2011 and currently operates two high-speed production lines with an annual capacity of 2.4 billion cans. Upon completion of the third line, the plant will be able to supply 3.6 billion cans and will become Crown's largest operation in Brazil. Commercial production is expected to commence during
TAMPA, Fla. , May 12, 2025 /PRNewswire/ -- Crown Holdings, Inc. (NYSE:CCK) announced today that it has priced an offering of $700 million aggregate principal amount of 5.875% senior unsecured notes due 2033 issued at par by its subsidiary Crown Americas LLC. The notes will be unconditionally guaranteed by Crown and certain of its subsidiaries. Crown intends to use the net proceeds from the offering, together with cash on hand and borrowings under Crown's senior secured revolving credit facility, to repay the 4.750% senior notes due 2026, and to pay related fees and expenses. The notes would be issued through a private placement and resold by initial purchasers to persons reasonably believed
TAMPA, Fla., May 12, 2025 /PRNewswire/ -- Crown Holdings, Inc. (NYSE:CCK) announced today that it intends to offer $500 million aggregate principal amount of senior unsecured notes due 2033 issued by its subsidiary Crown Americas LLC, subject to market conditions. Crown intends to use the net proceeds from the offering, together with cash on hand and borrowings under Crown's senior secured revolving credit facility, to repay the 4.750% senior notes due 2026, and to pay related fees and expenses. The notes would be issued through a private placement and resold by initial purchasers to persons reasonably believed to be qualified institutional buyers under Rule 144A under the Securities Act of
TAMPA, Fla., May 1, 2025 /PRNewswire/ -- Crown Holdings, Inc. (NYSE:CCK) announced today that its Board of Directors declared a cash dividend of $0.26 per share payable May 29, 2025, to shareholders of record as of May 15, 2025. About Crown Holdings, Inc. Crown Holdings, Inc., through its subsidiaries, is a leading global supplier of rigid packaging products to consumer marketing companies, as well as transit and protective packaging products, equipment and services to a broad range of end markets. World headquarters are located in Tampa, Florida. For more information, visit www.crowncork.com. For more information, contact:Kevin C. Clothier, Senior Vice President and Chief Financial Officer
TAMPA, Fla., April 28, 2025 /PRNewswire/ -- Crown Holdings, Inc. (NYSE:CCK) today announced its financial results for the first quarter ended March 31, 2025. Highlights First Quarter Diluted earnings per share of $1.65 versus $0.56 in 2024Adjusted diluted earnings per share increased 64% to $1.67Segment income improved $90 million, or 29% to $398 millionReturned $233 million to shareholders including $203 million of share repurchases2025 Outlook Expect second quarter adjusted diluted earnings per share of $1.80 to $1.90Increasing full-year guidance range for adjusted diluted earnings per share of $6.70 to $7.10 with adjusted free cash flow of approximately $800 millionReaffirming long-term
TAMPA, Fla., April 2, 2025 /PRNewswire/ -- Crown Holdings, Inc. (NYSE:CCK) will release its earnings for the first quarter ended March 31, 2025, after the close of trading on the New York Stock Exchange on Monday, April 28, 2025. The Company will hold a conference call to discuss these results at 9:00 a.m. (EDT) on Tuesday, April 29, 2025. The dial-in numbers for the conference call are (630) 395-0194 or toll-free (888) 324-8108 and the access password is "packaging". A replay of the conference call will be available for a one-week period ending at midnight on May 6, 2025. The telephone numbers for the replay are (203) 369-3270 or toll free (800) 395-6236. A live webcast of the call will
Revamped "Drink Your Meditation" Cans Meet Consumer Demand for Healthy and Sustainable Beverage Options TAMPA, Fla., March 31, 2025 /PRNewswire/ -- "Botanical soda" brand Moment (www.drinkmoment.com) has partnered with Crown Holdings, Inc. (NYSE:CCK) (Crown) (www.crowncork.com) to expand its sustainability efforts by upgrading the aluminum packaging of its botanical and adaptogen-based drinks sold across the U.S. By replacing shrink-wrapped aluminum cans with directly printed cans—which feature unparalleled sustainability credentials—the company will vastly improve package circularity as well as its environmental impact. To complete this transition, Moment chose Crown for its comprehensive p
TAMPA, Fla., Feb. 27, 2025 /PRNewswire/ -- Crown Holdings, Inc. (NYSE:CCK) announced today that its Board of Directors declared a cash dividend of $0.26 per share payable April 1, 2025, to shareholders of record as of March 18, 2025. About Crown Holdings, Inc. Crown Holdings, Inc., through its subsidiaries, is a leading global supplier of rigid packaging products to consumer marketing companies, as well as transit and protective packaging products, equipment and services to a broad range of end markets. World headquarters are located in Tampa, Florida. For more information, visit www.crowncork.com. For more information, contact:Kevin C. Clothier, Senior Vice President and Chief Financial Of
TAMPA, Fla., Feb. 5, 2025 /PRNewswire/ -- Crown Holdings, Inc. (NYSE:CCK), a worldwide leader in the design, manufacture and sale of packaging products for consumer goods and industrial products, today announced its financial results for the fourth quarter and full year ended December 31, 2024. Highlights Fourth Quarter Diluted earnings per share of $3.02Adjusted diluted earnings per share increased 28% to $1.59Full Year Diluted earnings per share of $3.55Adjusted diluted earnings per share increased 9% to $6.41Operating cash flow of $1,192 millionAdjusted free cash flow a record $814 millionNet debt reduction of $878 million, adjusted net leverage ratio now 2.7x2025 Outlook Expect full ye
TAMPA, Fla., Jan. 6, 2025 /PRNewswire/ -- Crown Holdings, Inc. (NYSE:CCK) will release its earnings for the fourth quarter ended December 31, 2024, after the close of trading on the New York Stock Exchange on Wednesday, February 5, 2025. The Company will hold a conference call to discuss these results at 9:00 a.m. (EST) on Thursday, February 6, 2025. The dial-in numbers for the conference call are (630) 395-0194 or toll-free (888) 324-8108 and the access password is "packaging". A replay of the conference call will be available for a one-week period ending at midnight on February 13, 2025. The telephone numbers for the replay are (203) 369-3997 or toll free (800) 876-4955. A live webcas
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Enters Into Cooperation Agreement with Icahn Enterprises Icahn to Support All Crown Nominees for Election at 2023 Annual Meeting YARDLEY, Pa., Dec. 13, 2022 /PRNewswire/ -- Crown Holdings, Inc. (NYSE:CCK) ("Crown" or the "Company") today announced that it has entered into an agreement with Icahn Enterprises L.P., whereby Jesse Lynn and Andrew Teno, General Counsel of Icahn Enterprises and Portfolio Manager of Icahn Capital, respectively, will join the Company's Board of Directors, effective immediately. Mr. Lynn and Mr. Teno will also stand for election at the Company's upcoming 2023 Annual Meeting of Shareholders ("2023 AGM"), and Crown has agreed to include Mr. Teno and Mr. Lynn on its rec
YARDLEY, Pa., Oct. 29, 2021 /PRNewswire/ -- Crown Holdings, Inc. (NYSE:CCK) today announced that Ms. Christy L. Kalaus, the Company's Assistant Corporate Controller, was promoted to Vice President and Corporate Controller, effective January 1, 2022, in accordance with the Company's management succession plan. Mr. David A. Beaver, the Company's current Corporate Controller, will serve as the Company's new Vice President & Treasurer, effective January 1, 2022. "I would like to congratulate both Christy and Dave on their well-deserved promotions," said Mr. Timothy J. Donahue, the Company's Chief Executive Officer. "I believe their considerable finance and accounting expertise and deep unders
YARDLEY, Pa., Oct. 29, 2021 /PRNewswire/ -- Crown Holdings, Inc. (NYSE:CCK) today announced that Mr. Thomas A. Kelly, the Company's Senior Vice President and Chief Financial Officer (CFO), intends to retire in early 2022. Mr. Kevin C. Clothier, the Company's Vice President & Treasurer, will assume the role of Senior Vice President and Chief Financial Officer, effective January 1, 2022, and will be working closely with Mr. Kelly during the interim period to ensure a smooth transition. "Tom has been with the Company since 1992 and has served as the CFO since 2013. On behalf of all of Crown, I would like to express my deep gratitude to Tom for his dedication and his outstanding contributions
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Morgan Stanley upgraded Crown from Equal-Weight to Overweight and set a new price target of $105.00 from $109.00 previously
Robert W. Baird upgraded Crown from Neutral to Outperform and set a new price target of $90.00 from $85.00 previously
Truist downgraded Crown from Buy to Hold and set a new price target of $88.00 from $100.00 previously
Morgan Stanley initiated coverage of Crown with a rating of Equal-Weight and set a new price target of $87.00
Wolfe Research initiated coverage of Crown with a rating of Outperform and set a new price target of $102.00
JP Morgan upgraded Crown from Neutral to Overweight and set a new price target of $85.00
UBS initiated coverage of Crown with a rating of Buy and set a new price target of $112.00
Robert W. Baird downgraded Crown from Outperform to Neutral and set a new price target of $80.00
JP Morgan downgraded Crown from Overweight to Neutral and set a new price target of $71.00 from $115.00 previously
UBS initiated coverage of Crown with a rating of Neutral and set a new price target of $105.00
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TAMPA, Fla., May 1, 2025 /PRNewswire/ -- Crown Holdings, Inc. (NYSE:CCK) announced today that its Board of Directors declared a cash dividend of $0.26 per share payable May 29, 2025, to shareholders of record as of May 15, 2025. About Crown Holdings, Inc. Crown Holdings, Inc., through its subsidiaries, is a leading global supplier of rigid packaging products to consumer marketing companies, as well as transit and protective packaging products, equipment and services to a broad range of end markets. World headquarters are located in Tampa, Florida. For more information, visit www.crowncork.com. For more information, contact:Kevin C. Clothier, Senior Vice President and Chief Financial Officer
TAMPA, Fla., April 28, 2025 /PRNewswire/ -- Crown Holdings, Inc. (NYSE:CCK) today announced its financial results for the first quarter ended March 31, 2025. Highlights First Quarter Diluted earnings per share of $1.65 versus $0.56 in 2024Adjusted diluted earnings per share increased 64% to $1.67Segment income improved $90 million, or 29% to $398 millionReturned $233 million to shareholders including $203 million of share repurchases2025 Outlook Expect second quarter adjusted diluted earnings per share of $1.80 to $1.90Increasing full-year guidance range for adjusted diluted earnings per share of $6.70 to $7.10 with adjusted free cash flow of approximately $800 millionReaffirming long-term
TAMPA, Fla., April 2, 2025 /PRNewswire/ -- Crown Holdings, Inc. (NYSE:CCK) will release its earnings for the first quarter ended March 31, 2025, after the close of trading on the New York Stock Exchange on Monday, April 28, 2025. The Company will hold a conference call to discuss these results at 9:00 a.m. (EDT) on Tuesday, April 29, 2025. The dial-in numbers for the conference call are (630) 395-0194 or toll-free (888) 324-8108 and the access password is "packaging". A replay of the conference call will be available for a one-week period ending at midnight on May 6, 2025. The telephone numbers for the replay are (203) 369-3270 or toll free (800) 395-6236. A live webcast of the call will
TAMPA, Fla., Feb. 27, 2025 /PRNewswire/ -- Crown Holdings, Inc. (NYSE:CCK) announced today that its Board of Directors declared a cash dividend of $0.26 per share payable April 1, 2025, to shareholders of record as of March 18, 2025. About Crown Holdings, Inc. Crown Holdings, Inc., through its subsidiaries, is a leading global supplier of rigid packaging products to consumer marketing companies, as well as transit and protective packaging products, equipment and services to a broad range of end markets. World headquarters are located in Tampa, Florida. For more information, visit www.crowncork.com. For more information, contact:Kevin C. Clothier, Senior Vice President and Chief Financial Of
TAMPA, Fla., Feb. 5, 2025 /PRNewswire/ -- Crown Holdings, Inc. (NYSE:CCK), a worldwide leader in the design, manufacture and sale of packaging products for consumer goods and industrial products, today announced its financial results for the fourth quarter and full year ended December 31, 2024. Highlights Fourth Quarter Diluted earnings per share of $3.02Adjusted diluted earnings per share increased 28% to $1.59Full Year Diluted earnings per share of $3.55Adjusted diluted earnings per share increased 9% to $6.41Operating cash flow of $1,192 millionAdjusted free cash flow a record $814 millionNet debt reduction of $878 million, adjusted net leverage ratio now 2.7x2025 Outlook Expect full ye
TAMPA, Fla., Jan. 6, 2025 /PRNewswire/ -- Crown Holdings, Inc. (NYSE:CCK) will release its earnings for the fourth quarter ended December 31, 2024, after the close of trading on the New York Stock Exchange on Wednesday, February 5, 2025. The Company will hold a conference call to discuss these results at 9:00 a.m. (EST) on Thursday, February 6, 2025. The dial-in numbers for the conference call are (630) 395-0194 or toll-free (888) 324-8108 and the access password is "packaging". A replay of the conference call will be available for a one-week period ending at midnight on February 13, 2025. The telephone numbers for the replay are (203) 369-3997 or toll free (800) 876-4955. A live webcas
TAMPA, Fla., Oct. 24, 2024 /PRNewswire/ -- Crown Holdings, Inc. (NYSE: CCK) announced today that its Board of Directors declared a cash dividend of $0.25 per share payable November 27, 2024, to shareholders of record as of November 14, 2024. About Crown Holdings, Inc. Crown Holdings, Inc., through its subsidiaries, is a leading global supplier of rigid packaging products to consumer marketing companies, as well as transit and protective packaging products, equipment and services to a broad range of end markets. World headquarters are located in Tampa, Florida. For more information, visit www.crowncork.com. For more information, contact:Kevin C. Clothier, Senior Vice President and Chief Fina
TAMPA, Fla., Oct. 17, 2024 /PRNewswire/ -- Crown Holdings, Inc. (NYSE: CCK) today announced its financial results for the third quarter ended September 30, 2024. Net sales in the third quarter were $3,074 million compared to $3,069 million in the third quarter of 2023 reflecting higher shipments of both global beverage cans and food cans in North America, offset by lower volumes in most other businesses and unfavorable foreign currency translation of $9 million. Income from operations was $444 million in the third quarter compared to $374 million in the third quarter of 2023. Segment income in the third quarter of 2024 was $472 million, up 10%, compared to the $430 million in the prior yea
TAMPA, Fla., Sept. 20, 2024 /PRNewswire/ -- Crown Holdings, Inc. (NYSE:CCK) will release its earnings for the third quarter ended September 30, 2024 after the close of trading on the New York Stock Exchange on Thursday, October 17, 2024. The Company will hold a conference call to discuss these results at 9:00 a.m. (EDT) on Friday, October 18, 2024. The dial-in numbers for the conference call are (630) 395-0194 or toll-free (888) 324-8108 and the access password is "packaging". A replay of the conference call will be available for a one-week period ending at midnight on October 25, 2024. The telephone numbers for the replay are (203) 369-3268 or toll free (800) 391-9851. A live webcast o
TAMPA, Fla., Aug. 30, 2024 /PRNewswire/ -- Crown Holdings, Inc. (NYSE:CCK) (Crown) announced that it has entered into an agreement to purchase a group annuity contract from Massachusetts Mutual Life Insurance Company (MassMutual) to fully guarantee benefits covered under the contract for nearly all of the retirees and deferred vested participants in its primary US defined benefit plans. The transaction provides a policy which covers the benefits for approximately 12,000 participants. "We are carefully moving portions of our pension obligations to MassMutual, a highly rated and experienced insurance and retirement benefits provider," said Kevin Clothier, Senior Vice President and Chief Fin