Earnings Per Share (EPS) Growth
The company reported earnings of $1.85 per share compared to a loss of $1.47 in the previous year. Adjusted EPS increased to $2.24 from $1.99.
Net Sales Increase
Net sales rose by 4.2% year-over-year, driven by a 12% increase in shipments across European beverage and favorable foreign currency translation.
Free Cash Flow Improvement
Free cash flow improved to $887 million from $668 million in the prior year, with higher income and lower capital spending.
Shareholder Returns
The company repurchased $105 million of common stock in the quarter and $314 million year-to-date, returning over $400 million to shareholders.
European Beverage Segment Growth
The European beverage segment saw income increase by 27% due to 12% volume growth, driven by market growth and substitution.
Adjusted Free Cash Flow Guidance
The company raised its 2025 full-year adjusted free cash flow estimate to approximately $1 billion after $400 million of capital spending.