{"id":13016,"date":"2026-04-28T08:39:05","date_gmt":"2026-04-28T12:39:05","guid":{"rendered":"https:\/\/www.packagingindustrynews.com\/?p=13016"},"modified":"2026-04-28T08:39:05","modified_gmt":"2026-04-28T12:39:05","slug":"crown-holdings-registers-sales-growth-in-q1-2026","status":"publish","type":"post","link":"https:\/\/www.packagingindustrynews.com\/?p=13016","title":{"rendered":"Crown Holdings registers sales growth in Q1 2026"},"content":{"rendered":"


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Net income attributable to Crown Holdings was $175m in the quarter. Credit: Piotr Swat \/ Shutterstock.com. <\/figcaption><\/figure>\n<\/p><\/div>\n

Packaging company Crown Holdings has reported sales growth in the first quarter (Q1) of 2026, benefiting from higher shipments.<\/p>\n

Net sales were $3.26bn in the three-month period ending 31 March 2026, compared to $2.89bn in the same quarter last year.<\/p>\n

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The company attributed the increase to higher global beverage can shipments, the pass-through of $234m in higher material costs and favourable foreign currency of $74m.<\/p>\n

Net income attributable to Crown Holdings was $175m in the quarter, down from $193m in the first quarter of 2025.<\/p>\n

Reported diluted earnings per share were $1.56 in Q1 2026 compared to $1.65 in the prior year.<\/p>\n

Adjusted net income rose to $209m from $195m while adjusted diluted earnings per share climbed to $1.86 from $1.67.<\/p>\n

Income from operations was $365m in Q1 2026, in line with the year-ago period, noted the company.<\/p>\n

Management reaffirmed its full-year 2026 guidance, projecting adjusted diluted EPS of\u00a0$7.90\u2013$8.30 and $900m in adjusted free cash flow, after around $550m in capital expenditures.<\/p>\n

Crown Holdings chairman, president and Timothy J Donahue said: \u201cThe company got off to a solid start for the year, driven by strong results in our European and Asian beverage can businesses, beverage can equipment, and our North American food can and closures businesses.<\/p>\n

\u201cGlobal beverage can volumes advanced 5%, led by robust shipments throughout Europe and Asia-Pacific. North American shipments advanced 1% in the quarter as a strong March, up 8% over the prior year, helped overcome a slow start to the year, the result of widespread winter storms in January.\u201d<\/p>\n

Last year, Crown Holdings announced various executive leadership changes<\/a>.<\/p>\n

The company promoted North American Beverage can business president Gary Gavin to the role of president of the Crown Americas division while Djalma Novaes Jr was appointed executive vice-president and chief operating officer.<\/p>\n

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