$CCK Q2โ26 EARNINGS HIGHLIGHTS
๐น Revenue: $3.67B (Est. $3.35B) ๐ข; +16% YoY
๐น Adj. EPS: $2.49 (Est. $2.15) ๐ข; +16% YoY
๐น Global Beverage Can Volumes: +5%
Raises FY26 Guide:
๐น Adj. EPS: $8.30-$8.50; raised from $7.90-$8.30 (Est. $8.1) ๐ข
๐น Adj. Free Cash Flow: At least $900M
Segment Net Revenue:
๐น Americas Beverage: $1.699B; vs $1.405B LY
๐น European Beverage: $735M; vs $635M LY
๐น Asia Pacific: $331M; vs $256M LY
๐น Transit Packaging: $537M; vs $526M LY
Capital Return:
๐น Buybacks: $305M
Comments:
๐ธ โGlobal beverage can volume growth of 5% in the quarter was driven by double-digit gains in Asia and increases of 7% and 5% in Europe and North America, respectively, which more than offset softer demand in Latin America.โ
๐ธ โThe global beverage can market remains healthy, our manufacturing network continues to perform at a high level and our balance sheet remains strong. As a result, the Company is raising 2026 adjusted diluted earnings per share guidance from a range of $7.90 to $8.30 to a range of $8.30 to $8.50 and expects third quarter adjusted diluted earnings per share in the range of $2.20 to $2.30.โ