Crown Holdings reported a rise in third-quarter profit as global beverage-can volumes increased 6% from a year earlier. Net income attributable to the packaging company reached $225 million for the quarter ended September 30, 2026, compared with $214 million a year earlier.
Its October 19 earnings release shows reported diluted EPS of $2.08, up from $1.85. Separately, non-GAAP adjusted diluted EPS increased to $2.39 from $2.24. The two EPS figures describe the same quarter using different accounting treatments; they are not amounts to add together.
The reported and adjusted figures
| Measure | Verified position | Source |
|---|---|---|
| Reporting period | Quarter ended September 30, 2026; released October 19 | Official source |
| Net income attributable to Crown | $225 million versus $214 million in Q3 2025 | Official source |
| Reported diluted EPS | $2.08 versus $1.85 | Official source |
| Adjusted diluted EPS; non-GAAP | $2.39 versus $2.24 | Official source |
| Global beverage-can volumes | Up 6% year on year | Official source |
| 2026 adjusted diluted EPS guidance | $8.35–$8.45; forecast, not actual | Official source |
What explains the EPS adjustment?
Crown’s reconciliation begins with $2.08 of reported diluted EPS. It adds $0.31 for intangible amortization and $0.07 for restructuring and other items, then deducts a $0.07 income-tax effect, producing adjusted diluted EPS of $2.39.
Intangible amortization spreads the cost of specified acquired non-physical assets over their accounting lives. Removing that charge changes the alternative earnings measure but does not erase it from the company’s reported financial statements. Crown describes adjusted EPS as supplemental information, not a substitute for GAAP earnings.
The full-year number is still guidance
Crown’s 2026 outlook calls for adjusted diluted EPS of $8.35 to $8.45 and adjusted free cash flow of at least $950 million. These are management expectations for the full year, not cash or earnings already reported for the third quarter.
The quarter’s 6% volume increase measures the number of beverage cans, not an identical percentage change in revenue or profit. Prices, product mix, costs and the share count can make those measures move differently. No current share-price reaction or analyst-consensus estimate was verified here.
For another reported-versus-adjusted comparison, see CapKet’s Truist results explanation. Investors should compare subsequent results with the outlook rather than treat the forecast as a commitment.
Crown’s October 19 Form 8-K, Item 2.02, identifies these results as covering the quarter ended September 30 and furnishes the earnings release as an exhibit. The cover report and release are records from the same issuer, not independent corroboration.
Additional official record checked: .
Official source checked: . Issuer announcement dated October 19, 2026.