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Crown Holdings Sees Q2 EPS $1.55-$1.65 Vs $1.56 Est.; Affirms FY24 EPS Guidance Of $5.80-$6.20 Vs $5.98 Est.; Expects The Adjusted Effective Income Tax Rate To Be ~25% And Adjusted Net Leverage To Be At The Low End Of The Target Range Of 3.0x To 3.5x.

Author: Benzinga Newsdesk | April 29, 2024 04:07pm

Outlook

We affirm our full year 2024 guidance of $5.80 to $6.20 of adjusted diluted earnings per share.  The Company expects the adjusted effective income tax rate to be approximately 25% and adjusted net leverage to be at the low end of the target range of 3.0x to 3.5x.

Second quarter adjusted diluted earnings per share is expected to be in the range of $1.55 to $1.65.

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