Strong Earnings Improvement
Earnings for the quarter were $1.65 per share compared to $0.56 per share in the prior year quarter. Adjusted earnings per share were $1.67 compared to $1.02 in the prior year quarter.
Record Segment Income
Segment income was $398 million in the quarter, up from $308 million in the prior year, reflecting a 29% increase over the prior year.
Increased Beverage Can Volumes
Beverage Cans segment income improved 24% over the prior year, led by higher than expected shipments in the Americas and Europe.
North American Food Can Volume Surge
North American food can volumes increased 16% due to increased demand from vegetable and pet food customers.
Return to Shareholders
The company returned $233 million to shareholders in the first quarter of 2025, including $203 million of share repurchases.
EBITDA Milestone
Trailing 12 months EBITDA is now above $2 billion for the first time with EBITDA margins up 260 basis points in the quarter.