Crown Holdings, Inc. (NYSE:CCK) Q1 2025 Earnings Conference Call April 29, 2025 9:00 AM ET
Company Participants
Kevin Clothier – SVP and Chief Financial Office
Timothy Donahue – President and Chief Executive Officer
Conference Call Participants
George Staphos – Bank of America
Phil Ng – Jefferies
Ghansham Panjabi – R.W. Baird
Stefan Diaz – Morgan Stanley
Christopher Parkinson – Wolfe Research
Anthony Pettinari – Citigroup
Arun Viswanathan – RBC Capital Markets
Michael Leithead – Barclays
Anojja Shah – UBS
Jeff Zekauskas – JPMorgan Chase
Edlain Rodriguez – Mizuho
Gabe Hajde – Wells Fargo Securities
Operator
Good morning, and welcome to Crown Holdings First Quarter 2025 Conference Call. Your lines have been placed on a listen-only mode until the question-and-answer session. Please be advised that this conference is being recorded.
I would now like to turn the call over to Mr. Kevin Clothier, Senior Vice President and Chief Financial Officer. Sir, you may begin.
Kevin Clothier
Thank you, Elle, and good morning. With me on today’s call is Tim Donahue, President and Chief Executive Officer. If you don’t already have the earnings release, it is available on our website at crowncork.com.
On this call, as in the earnings release, we will be making a number of forward-looking statements. Actual results could vary materially from such statements. Additional information concerning factors that could cause actual results to vary is contained in the press release and in our SEC filings, including our Form 10-K for 2024 and subsequent filings.
Earnings for the quarter were $1.65 per share compared to $0.56 per share in the prior year quarter. Adjusted earnings per share were $1.67 compared to $1.02 in the prior year quarter. Net sales in the quarter were up 3.7% compared to the prior year quarter reflecting a 1% increase in global beverage can volumes, 16% increase in North American food can volumes, the pass
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