Crown CEO: 'We Expect Very Little Direct Tariff Impact' -- Market Talk

Dow Jones

2025/04/30

1306 ET - Crown Holdings expects tariffs to have very little direct impact on its business, CEO Tim Donahue says on a call with analysts. The maker of aluminum cans and aerosol containers estimates new levies will ding income by less than $30 million, comprising about $10 million in direct exposures and roughly $20 million that stems from lower customer spending due to an uncertain business environment. This hit is included in the company's updated full-year outlook, which Crown raised following what Donahue calls a tremendous Q1. Shares rise 8.1%. (connor.hart@wsj.com)

(END) Dow Jones Newswires

April 29, 2025 13:06 ET (17:06 GMT)

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