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Crown Holdings Beats Estimates as European Demand Offsets Asia Slump

Crown Holdings reported fourth-quarter revenue of $3.13 billion, exceeding Wall Street expectations as a surge in European beverage can shipments countered declining volumes in the Asia Pacific region. The packaging giant posted adjusted earnings of $1.74 per share, outperforming the $1.70 consensus among analysts.

The 7.7% revenue increase surpassed the $2.99 billion anticipated by analysts, according to FactSet data. While the company reported a net profit of $150 million, or $1.31 per share, this figure was down from the previous year’s $358 million. The year-over-year decline reflects a high comparison base, as the 2024 period included a $275 million gain from the divestment of Crown’s equity stake in Eviosys.

Regional Performance and Market Headwinds

Growth was primarily fueled by an uptick in beverage can shipments across Europe, alongside the pass-through of $189 million in increased material costs. However, the company faced volume contractions in its Asia Pacific and transit packaging segments. Management noted that favorable foreign currency translations helped mitigate these regional declines, allowing the company to maintain its top-line momentum.

For the upcoming first quarter, Crown projects adjusted earnings between $1.70 and $1.80 per share, compared to the $1.73 analyst estimate. Looking further out, the company issued guidance for 2026, targeting adjusted earnings in the range of $7.90 to $8.30 per share. This long-term outlook aligns closely with Wall Street expectations of $8.22 per share, according to the report.

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