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Crown Holdings, Inc. (NYSE:CCK ) Q3 2023 Earnings Conference Call October 24, 2023 9:00 AM ET Company Participants Kevin Clothier - SVP & CFO Tim Donahue - President & CEO Timothy Donahue - VP, IR & Corporate Affairs Conference Call Participants Mike Leithead - Barclays Cashen Keeler - Bank of America Arun Viswanathan - RBC Capital Markets Anthony Pettinari - Citi Ghansham Panjabi - Baird Gabe Hajde - Wells Fargo Securities Jeff Zekauskas - J.P. Morgan Phil Ng - Jefferies Michael Roxland - Truist Securities Adam Samuelson - Goldman Sachs Operator Good morning, and welcome to Crown Holdings Third Quarter 2023 Conference Call.

Crown Holdings (CCK) came out with quarterly earnings of $1.73 per share, missing the Zacks Consensus Estimate of $1.74 per share. This compares to earnings of $1.46 per share a year ago.

Crown Holdings (CCK) completes its previously announced Helvetia Packaging acquisition.

TAMPA, Fla. , Sept. 26, 2023 /PRNewswire/ -- Crown Holdings, Inc. (NYSE:CCK) will release its earnings for the third quarter ended September 30, 2023 after the close of trading on the New York Stock Exchange on Monday, October 23, 2023.

Crown Holdings is expanding its business model through new acquisitions in Europe. The company is well-positioned to benefit from the growth of the global beverage cans market. Crown's commitment to sustainability and net-zero carbon goals may attract investors interested in sustainable business models.

Crown Holdings (CCK) suffers from a slowdown in demand due to inflationary pressures, high interest rates and cost inflation.

Crown Holdings (CCK) came out with quarterly earnings of $1.68 per share, beating the Zacks Consensus Estimate of $1.65 per share. This compares to earnings of $2.10 per share a year ago.

While the top- and bottom-line numbers for Crown (CCK) give a sense of how the business performed in the quarter ended June 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Shares of Crown Holdings Inc. CCK, -0.32% dropped more than 2% in the extended session Monday after the packaging maker missed expectations for its second-quarter sales, saying that inflation and economic conditions continued to hurt volumes. Crown Holdings earned $157 million, or $1.31 a share, in the quarter, compared with $295 million, or $2.43 a share, in the second quarter of 2022.

Crown Holdings (CCK) launches Acqussima Sabor flavored mineral water in CrownSleek cans in collaboration with Brazil's beverage producer Socorro.