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Wall St Engine
@wallstengine
Fast, accurate, consistent stock market news, earnings highlights & more. By Brillinsight. Not financial advice.
Joined March 2022
900 Following    179K Followers
$CCK Q2โ€™26 EARNINGS HIGHLIGHTS ๐Ÿ”น Revenue: $3.67B (Est. $3.35B) ๐ŸŸข; +16% YoY ๐Ÿ”น Adj. EPS: $2.49 (Est. $2.15) ๐ŸŸข; +16% YoY ๐Ÿ”น Global Beverage Can Volumes: +5% Raises FY26 Guide: ๐Ÿ”น Adj. EPS: $8.30-$8.50; raised from $7.90-$8.30 (Est. $8.1) ๐ŸŸข ๐Ÿ”น Adj. Free Cash Flow: At least $900M Segment Net Revenue: ๐Ÿ”น Americas Beverage: $1.699B; vs $1.405B LY ๐Ÿ”น European Beverage: $735M; vs $635M LY ๐Ÿ”น Asia Pacific: $331M; vs $256M LY ๐Ÿ”น Transit Packaging: $537M; vs $526M LY Capital Return: ๐Ÿ”น Buybacks: $305M Comments: ๐Ÿ”ธ โ€œGlobal 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€ ๐Ÿ”ธ โ€œThe 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€
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