Crown Holdings, Inc.
A maker of the metal cans, bottle caps, and packaging that hold your favorite drinks, Crown Holdings produces beverage cans and transit packaging used by major global drink brands. It was founded in 1892 in Baltimore when inventor William Painter patented the "crown cork"—the familiar crimped metal bottle cap that seals fizzy drinks—and its name honors that corrugated, crown-shaped design. Today the company still carries the legacy of Painter's little invention across the globe.
10-Q · Quarter ended Jun 30, 2026 · SEC filing ↗
Quarterly profit rose to its highest in two years. rose 16.5% to $3.668B and rose 42.9% to $2.23 as climbed 18.7% to $464M on beverage volume and material pass-through, while slipped 2.2 points to 20.4%. The business is generating cash and buying back stock, but faces open legal claims that could exceed accruals.
Crown Holdings is party to asbestos litigation, environmental matters, and competition and tax assessments, with no assurance losses won't exceed accruals.
The information set forth in this report should be read in conjunction with the risk factors discussed in Item 1A of the Company's Annual Report on Form 10-K for the year ended December 31, 2025. Such risks are not the only risks facing the Company. Additional risks and uncertai…
The information set forth in this report should be read in conjunction with the risk factors discussed in Item 1A of the Company's Annual Report on Form 10-K for the year ended December 31, 2025. Such risks are not the only risks facing the Company. Additional risks and uncertainties not currently known to the Company or that the Company currently deems to be immaterial may also materially adversely affect the Company's business, financial condition and/or operating results. Item 2. Unregistered Sale of Equity Securities and Use of Proceeds The following table provides information about the Company's purchases of equity during the three months ended June 30, 2026. The table excludes 162,648 shares that were surrendered to cover taxes on the vesting of restricted stock. Total number of shares purchased Average price per share Total number of shares purchased as part of publicly announced programs (1) Approximate dollar value of shares that may yet be purchased under the program as of the end of the period (millions of dollars) April — $ — — $ 1,096 May 2,819,429 $ 99.33 2,819,429 $ 816 June 210,232 $ 95.13 210,232 $ 796 3,029,661 3,029,661 In July 2024, the Company's Board of Directors authorized the repurchase of an aggregate amount of $2,000 of the Company's common stock through the end of 2027. Share repurchases under the Company's program may be made in the open market or through privately negotiated transactions, and at times and in such amounts as management deems appropriate. Item 3. Defaults Upon Senior Securities There were no events required to be reported under Item 3 for the six months ended June 30, 2026. Item 4. Mine Safety Disclosures Not applicable.
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