Crown Holdings (CCK) Tops Q2 EPS by 42c; Guides Lower on FX

Crown Holdings (NYSE: CCK) reported Q2 EPS of $2.43, $0.42 better than the analyst estimate of $2.01. Revenue for the quarter came in at $3.51 billion versus the consensus estimate of $3.2 billion.

GUIDANCE:

Crown Holdings sees Q3 2022 EPS of $1.75-$1.85, versus the consensus of $2.08.

Crown Holdings sees FY2022 EPS of $7.65-$7.85, versus the consensus of $8.12.

The full year guidance assumes approximately a $0.50 headwind due to the stronger U.S. dollar and higher energy cost in Europe.

For earnings history and earnings-related data on Crown Holdings (CCK) click here.

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