Crown Holdings, Inc. (CCK) Q3 2024 Earnings Call Transcript
Crown Holdings, Inc. (NYSE:CCK ) Q3 2024 Earnings Conference Call October 18, 2024 9:00 AM ET Company Participants Kevin Clothier - SVP and CFO Timothy Donahue - President and CEO Conference Call Participants Ghansham Panjabi - Baird Chris Parkinson - Wolfe Company Research George Staphos - Bank of America Mike Leithead - Barclays Phil Ng - Jefferies Jeff Zekauskas - JPMorgan Anthony Pettinari - Citigroup Arun Viswanathan - RBC Capital Markets Joshua Spector - UBS Stefan Diaz - Morgan Stanley Edlain Rodriguez - Mizuho Gabe Hajde - Wells Fargo Securities Operator Good morning, and welcome to Crown Holdings Third Quarter 2024 Conference Call. Your lines have been placed on a listen-only mode until the question-and-answer session.
Will Flex's Top-Line Benefit From Crown Technical Systems Buyout?
Flex Ltd. FLEX has announced a definitive agreement to acquire Crown Technical Systems for $325 million in an all-cash deal. The acquisition is anticipated to be accretive within the first year following buyout completion.
Crown Holdings Beats Q3 Earnings & Revenue Estimates, Raises '24 View
CCK expects 2024 adjusted EPS of $6.25-$6.35, up from the prior stated $6.00-$6.25.
Crown (CCK) Reports Q3 Earnings: What Key Metrics Have to Say
Although the revenue and EPS for Crown (CCK) give a sense of how its business performed in the quarter ended September 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Crown Holdings (CCK) Tops Q3 Earnings and Revenue Estimates
Crown Holdings (CCK) came out with quarterly earnings of $1.99 per share, beating the Zacks Consensus Estimate of $1.81 per share. This compares to earnings of $1.73 per share a year ago.
Crown Castle Can See Growth In The Easing Economic Environment (Upgrade)
Crown Castle Inc. is restructuring, cutting 7,000 greenfield small cell nodes to save $800 million, and is focusing on less risky colocation projects for growth. Crown Castle will likely experience a contraction in Q4 '24 with a modest turnaround for growth come eFY25. The rate environment may support a more appealing refinancing environment in 2026. Management needs to communicate their intentions for the fiber business with a more solidified plan.
Crown Castle: Between Significant Undervaluation And Dividend Cut Risks
Crown Castle is poised for double-digit growth with a 40,000 small cell node backlog, benefiting from rising mobile data demand. Despite recent underperformance, CCI's strong balance sheet and cost-saving measures position it well for future growth and operational efficiency. The 5.4% dividend yield offers income, but potential fiber business sales could risk a dividend cut.
Crown Castle's Q3 AFFO Top Estimates, Site-Rental Revenues Rise
CCI's Q3 AFFO outshines estimates due to a year-over-year rise in site rental revenues. However, lower services and other revenues hurt the results.
Crown Castle's Q3 AFFO Beats Estimates, Expenses Decrease Y/Y
CCI's Q3 AFFO tops estimates. Results reflect higher contributions from site rental revenues and lower operating expenses.
Crown Castle's Q3 Net Income Jumps 14%
Crown Castle reported solid operating results, yet faced restructuring hurdles in its fiber segment.
Wireless tower operator Crown Castle lowers full year net income forecast
Crown Castle lowered its full-year 2024 net income forecast on Wednesday, due to slower tower leasing activity in wake of wireless carriers tightening budgets.
What's in Store for Crown Castle Stock This Earnings Season?
CCI is set to gain from its unmatched portfolio of wireless communication infrastructure assets despite a lower tower activity in the third quarter.
