Crown Holdings, Inc. reported a strong third quarter, highlighted by double-digit earnings growth and continued momentum in its European beverage can operations.

For the quarter ended September 30, 2025, Crown posted diluted earnings per share (EPS) of $1.85, compared to a loss of $1.47 in the same period last year.

Adjusted diluted EPS rose 13% to $2.24, while segment income increased 4% year-over-year. Net sales climbed to $3.2 billion, up from $3.07 billion in 2024, driven by 12% volume growth in European Beverage, higher material cost pass-throughs, and favourable currency impacts.

Chairman, President, and CEO Timothy J. Donahue credited the strong quarter to robust demand in Europe and operational discipline across the business. “Driving the results was 12% volume growth in European Beverage, leading to a 27% gain in European segment income,” Donahue said. “We achieved our long-term leverage target and returned more than $400 million to shareholders through buybacks and dividends.”

For the first nine months of 2025, Crown reported net income of $588 million, a sharp increase from $66 million in the prior-year period. Adjusted EPS rose to $6.05 from $4.82.

Looking ahead, Crown raised its full-year adjusted EPS guidance to a range of $7.70 to $7.80 and expects to generate approximately $1 billion in adjusted free cash flow. Capital spending is projected at around $400 million, with an effective tax rate near 25%.

CFO Kevin C. Clothier noted that the updated outlook reflects “continued strong operating results” and expects fourth quarter adjusted EPS between $1.65 and $1.75.