Crown Holdings Reports $193 Million Net Income and $2.887 Billion Revenue in Q1 2025

Crown Holdings, Inc. reported a net income of $193 million for the first quarter of 2025, a significant increase from $67 million in the same period of 2024. The company's revenue rose to $2.887 billion, up from $2.784 billion year-over-year, driven by higher beverage can volumes and the pass-through of increased material costs. The earnings per share for the quarter were $1.65, compared to $0.56 in the prior year, reflecting improved operational performance across its segments.

The financial results indicate a notable improvement in operational efficiency, with income from operations increasing to $365 million from $245 million in the previous year. The cost of products sold also saw a slight increase, rising to $2.262 billion from $2.247 billion, while selling and administrative expenses remained relatively stable. The company reported a decrease in interest expense, which fell to $99 million from $113 million, contributing to the overall increase in profitability.

Crown Holdings has continued to focus on strategic growth, investing approximately $2 billion in new manufacturing facilities and production lines since 2019. The company anticipates capital expenditures of around $450 million for 2025. Additionally, the company has been actively managing its supply chain challenges and inflationary pressures, utilizing commodity forward contracts to mitigate risks associated with raw material costs. The company’s commitment to sustainability remains strong, as evidenced by its Twentyby30 program, which outlines measurable environmental goals to be achieved by 2030.

Operationally, the Americas Beverage segment reported net sales of $1.320 billion, up from $1.222 billion, with segment income increasing to $236 million from $189 million. The European Beverage segment also saw growth, with net sales rising to $512 million from $482 million. However, the Transit Packaging segment experienced a decline in sales, dropping to $482 million from $520 million, attributed to lower equipment volumes and unfavorable foreign currency translation. The company’s total assets as of March 31, 2025, were $13.841 billion, slightly down from $13.848 billion at the end of 2024.

Looking ahead, Crown Holdings remains optimistic about its growth prospects, supported by a strong balance sheet and a long-term net leverage ratio target of 2.5x adjusted EBITDA. The company plans to continue returning cash to shareholders through dividends and share repurchases, having authorized a $2 billion stock repurchase program through 2027. Despite ongoing challenges in the global market, including inflation and geopolitical tensions, Crown Holdings is well-positioned to capitalize on the growing demand for beverage cans and other packaging solutions.