The chart below shows how CCK performed 10 days before and after its earnings report, based on data from the past quarters. Typically, CCK sees a -0.93% change in stock price 10 days leading up to the earnings, and a +0.01% change 10 days following the report. On the earnings day itself, the stock moves by -0.13%. This data can give you a slight idea of what to expect for the next quarter's release.
Positive
Earnings Per Share Analysis: Earnings per share for Q4 2024 were $3.02, including a $2.32 gain from the sale of Eviosys, compared to $0.27 in the prior year quarter, with adjusted earnings per share rising to $1.59 from $1.24 year-over-year.
Net Sales Increase: Net sales increased by 2% year-over-year, driven by a 4% rise in global beverage can volumes and increased food can volumes, despite lower volumes in Transit Packaging.
Adjusted EBITDA Increase: Record adjusted EBITDA for the year reached $1,942 million, up from $1,882 million in 2023, supported by 5% global beverage can growth and strong operational performance across beverage businesses.
Free Cash Flow Generation: The company generated $814 million in free cash flow for the year, after contributing $100 million to pension plans and making a $50 million estimated tax payment related to the Eviosys sale.
Shareholder Returns and Leverage: Crown Holdings returned $336 million to shareholders in 2024, comprising $119 million in dividends and $217 million in share repurchases, while reducing net leverage to 2.7 times at year-end.
Negative
Earnings Per Share Analysis: Earnings per share for Q4 2024 were $3.02, but this included a $2.32 per share gain from the sale of Eviosys, indicating underlying earnings weakness compared to the prior year quarter's $0.27 per share.
Net Sales Performance Analysis: Net sales increased by only 2% year-over-year, with lower volumes in Transit Packaging negatively impacting overall performance despite gains in beverage can volumes.
Q1 2025 Earnings Guidance: Adjusted earnings guidance for Q1 2025 is projected to be between $1.2 to $1.3 per share, which is a decline from the previous year's performance, indicating potential challenges ahead.
Beverage Volume Stagnation: North American beverage volumes are expected to be flat in 2025, contrasting with the previous year's growth, suggesting a stagnation in market demand.
Transit Packaging Income Decline: Transit packaging segment income was down due to sluggish global industrial activity, reflecting ongoing challenges in that business area.
Earnings call transcript: Crown Holdings Q4 2024 beats EPS forecast
CCK.N
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