Crown Holdings (NYSE:CCK) reported second-quarter results that topped analyst expectations and raised its full-year outlook, yet shares slipped around 2% pre-market today as investors focused on potential tariff risks.
The packaging giant posted adjusted earnings per share of $2.15, beating the consensus estimate of $1.88. Revenue rose to $3.15 billion, exceeding the $3.11 billion forecast and marking a 3.6% increase from the prior year.
Segment income climbed 9% to $476 million, driven by strong results in the Americas Beverage, European Beverage, and North American Tinplate divisions. North American beverage can shipments grew by 1%, matching company projections.
Crown Holdings lifted its full-year 2025 earnings guidance to a range of $7.10 to $7.50 per share, ahead of the $7.05 analyst consensus. The company also increased its adjusted free cash flow forecast to $900 million, reflecting confidence in its operations and cash generation.
Despite the strong quarter, investor sentiment was cautious as concerns linger about potential tariff impacts that could pressure costs in the coming quarters.
