Crown Q4 2024 Earnings Report
Key Takeaways
Crown Holdings, Inc. reported a strong fourth quarter with a 12% increase in segment income compared to the prior year. The company's combined global beverage can segment income improved by 17%, driven by global volume growth of 4%. Diluted earnings per share were $3.02, and adjusted diluted earnings per share increased by 28% to $1.59.
Diluted earnings per share reached $3.02.
Adjusted diluted earnings per share increased 28% to $1.59.
Segment income advanced 12% compared to the prior year.
Combined global beverage can segment income improved 17%, driven by global volume growth of 4%.
Crown
Crown
Crown Revenue by Segment
Forward Guidance
The Company currently estimates full year 2025 adjusted diluted earnings per share to be in the range of $6.60 to $7.00 compared to $6.41 in 2024. The adjusted effective tax rate is expected to approximate 25% with adjusted free cash flow of approximately $800 million after estimated capital spending of $450 million. First quarter adjusted diluted earnings per share is expected to be in the range of $1.20 to $1.30.
Positive Outlook
- Full year 2025 adjusted diluted earnings per share expected to be in the range of $6.60 to $7.00.
- Adjusted effective tax rate is expected to approximate 25%.
- Adjusted free cash flow of approximately $800 million is expected.
- Capital spending is estimated at $450 million.
- First quarter adjusted diluted earnings per share is expected to be in the range of $1.20 to $1.30.