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Crown Holdings, Inc. (NYSE:CCK ) Q4 2024 Earnings Conference Call February 6, 2025 9:00 AM ET Company Participants Kevin Clothier - SVP and CFO Timothy Donahue - President and CEO Conference Call Participants Phil Ng - Jefferies Andrew Orme - Wolfe Research Ghansham Panjabi - R.W. Baird George Staphos - Bank of America Stefan Diaz - Morgan Stanley Arun Viswanathan - RBC Capital Markets Gabe Hajde - Wells Fargo Securities Anojja Shah - UBS Anthony Pettinari - Citigroup Edlain Rodriguez - Mizuho Mike Roxland - Truist Securities George Staphos - Bank of America Operator Good morning, and welcome to Crown Holdings Fourth Quarter 2024 Conference Call.
CCK's Q4 results reflect increased global beverage can volumes and higher North America food can shipments.
While the top- and bottom-line numbers for Crown (CCK) give a sense of how the business performed in the quarter ended December 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Crown Holdings (CCK) came out with quarterly earnings of $1.59 per share, beating the Zacks Consensus Estimate of $1.52 per share. This compares to earnings of $1.24 per share a year ago.
We had previously identified a sub $100 price as potentially attractive for Crown Castle Inc. stock. The company is negotiating the sale of its fiber business, with offers around $8 billion, far less than the $20 billion invested. Despite the potential for a large dividend cut, we believe CCI's underlying business is undervalued at current prices.
Crown Castle Inc. CCI has grabbed headlines in recent months. According to market sources, the buyout firm TPG is said to be in advanced talks about buying the fiber unit of the tower operator for about $8 billion.
Crown (CCK) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Crown Castle is considering selling its fiber business to TPG for $8B, potentially unlocking value by focusing on its core tower segment. The company's dividend yield is high but likely unsustainable, with a potential cut if the fiber segment sale proceeds, impacting future payouts. Crown Castle's balance sheet is strained, with high leverage and rising interest payments, making debt reduction crucial if the fiber sale happens.
PAFRY is a mid-tier, under followed South African focused gold producer. The company is the market leader in extracting low-cost gold from tailings heaps. Management has an excellent track record of completing projects under-budget and ahead of time.