Crown Holdings, Inc. (NYSE: CCK) reported third-quarter 2026 net sales of $3,711 million, up from $3,202 million a year earlier, and adjusted diluted earnings per share of $2.39, up from $2.24 and above analyst estimates. Global beverage-can shipments increased 6%, including double-digit growth in Asia, 6% growth in North America and 4% in Europe, while $405 million of higher material costs was passed through to sales. Shares fell 5.9% after Crown forecast fourth-quarter adjusted diluted EPS of $1.63 to $1.73, below the $1.79 consensus at the midpoint of $1.68. Analyst estimates cited in the reports differed, with revenue estimates of $3.39 billion and $3.45 billion and adjusted EPS estimates of $2.25 and $2.26. Crown maintained full-year 2026 adjusted diluted EPS guidance of $8.35 to $8.45, whose $8.40 midpoint matched estimates, and expects adjusted free cash flow of at least $950 million after approximately $550 million in capital spending. Reported diluted EPS rose to $2.08 from $1.85, and net income attributable to Crown Holdings increased to $225 million from $214 million, although segment income declined to $484 million from $490 million as input-cost inflation offset shipment growth. Crown repurchased $81 million of common stock during the quarter and nearly 6% of its outstanding shares over the past 12 months, while its net leverage ratio remained 2.5 times adjusted EBITDA.