Consensus is for FY25 EPS $4.10. The revision in the Company’s estimate of adjusted net income per diluted share is primarily the result of lower volume expectations for specialty closures products for the North American beverage markets and the expected impact associated with a recent customer bankruptcy in the North American Metal Containers business. Adjusted net income per diluted share excludes certain items as outlined in Table C at the back of this press release. The Company confirmed its estimate of interest and other debt expense in 2025 of approximately $185M and continues to expect an effective tax rate for 2025 of approximately 24%. The Company revised its estimate of free cash flow in 2025 from approximately $450M to approximately $430M, a 10% increase as compared to $391.3M in 2024. Capital expenditures are expected to be approximately $300M in 2025.
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