皇冠控股有限公司. 报告2023年第一季度业绩
第一季度净销售额为
营业收入为
评论这个季度,
"Volumes in 美洲饮料 were up 6% during the quarter with
“从2019年开始,我们的战略是负责任地将资本部署到我们的全球饮料罐业务中,以盈利地扩大产能,以支持不断增长的客户需求. As we near completion of the multi-year beverage can expansion program, 我们将继续专注于通过我们的全球平台支持客户的需求,并将利用预期增加的现金流来偿还债务并向股东返还资本. 在短期内, consumer dem和 may continue to be impacted by inflationary pressures; 然而, 我们相信,饮料罐仍然是新产品推出的首选包装,具有无与伦比的可持续性效益."
利息支出为
归属于
In the first quarter of 2023, the Company received an
前景
我们继续预期全球饮料和中国的全年经营业绩将有所改善
我们确认之前发布的指引,包括调整后的EBITDA年增长率为8-12%,2023年调整后的摊薄每股收益为
第二季度调整后的摊薄每股收益预计在
非一般公认会计准则的措施
部分收入, 调整后自由现金流量, 调整后净杠杆率, 调整后净收入, 调整后的有效税率, 调整后摊薄每股收益, 净利息费用, EBITDA 和 adjusted EBITDA are not defined terms under
公司将分部收入作为其经营业绩的主要衡量标准,并将调整后的自由现金流和调整后的净杠杆率作为其流动性的主要衡量标准. 公司在分配资源时考虑了所有这些措施. 调整后自由现金流量 has certain limitations, 然而, 包括它不代表可自由支配支出的剩余现金流量,因为其他非自由支配支出, such as m和atory debt service requirements, 没有从测量中扣除吗. 强制性支出与可自由支配支出的数额在不同时期可能有很大差异. 公司认为,调整后的自由现金流和调整后的净杠杆率提供了有意义的流动性指标,并为评估公司为其活动提供资金的能力提供了有用的基础, including the financing of acquisitions, 偿还债务, 股票回购或分红. The Company believes that 调整后净收入, 调整后的有效税率和调整后的摊薄每股收益在评估公司运营时很有用,因为这些指标是针对影响期间可比性的项目进行调整的. 部分收入, 调整后自由现金流量, 调整后净杠杆率, 调整后净收入, 调整后的有效税率, 调整后摊薄每股收益, 净利息费用, EBITDA和调整后的EBITDA来源于公司的综合经营报表, Cash Flows 和 合并资产负债表, 是适用的, 和 reconciliations to segment income, 调整后自由现金流量, 调整后净杠杆率, 调整后净收入, 调整后的有效税率, 调整后的摊薄每股收益和调整后的EBITDA可在本新闻稿中找到. 由于无法获得以下估计,本新闻稿未提供2023年第二季度和全年经调整后的估计摊薄每股收益与GAAP基础上的估计摊薄每股收益的对账, 除非作出不合理的努力,否则本公司无法可靠预测的时间和规模, 排除在预计调整后的稀释每股收益之外,并可能对GAAP基础上的每股收益产生重大影响:出售业务或其他资产的收益或损失, 重组及其他成本, 资产减值费用, 石棉相关费用, losses from early extinguishment of debt, 养老保险结算 和 curtailment charges, the tax 和 noncontrolling interest impact of the items above, 和 the impact of tax law changes or other tax matters. 由于在预测和量化此类调整所需的某些金额方面存在固有的困难,我们没有提供预计调整后EBITDA与最可比的GAAP措施的预期增长范围的调节, including 重组及其他 charges which are event-driven.
电话会议
The Company will hold a conference call tomorrow,
Cautionary Note Regarding Forward-Looking Statements
除了历史信息, 本新闻稿中的所有其他信息均为前瞻性陈述. These forward-looking statements involve a number of risks, 不确定性和其他因素, including the Company's ability to continue to operate its 植物s, 分销其产品, 和 maintain its supply chain; the future impact of currency translation; the continuation of performance 和 market trends in 2023, including consumer preference for beverage cans 和 increasing global beverage can dem和; the future impact of inflation, including the potential for higher interest rates 和 energy prices 和 the Company's ability to recover raw material 和 other inflationary costs; future dem和 for food cans; the Company's ability to successfully complete its previously announced capacity expansion projects 和 begin production within expected timelines; 和 the impact of overhead reduction efforts in the
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未经审计的 Consolidated Statements of Operations, 资产负债表, 现金流量表, 段信息 和 Supplemental Data follow.
Consolidated Statements of Operations (未经审计的) |
|||||
三个月结束 |
|||||
2023 |
2022 |
||||
净销售额 |
$ 2,974 |
$ 3,162 |
|||
销售产品成本 |
2,411 |
2,547 |
|||
折旧及摊销 |
123 |
115 |
|||
销售和管理费用 |
160 |
157 |
|||
重组及其他 |
11 |
(1) |
|||
经营收入 (1) |
269 |
344 |
|||
其他养恤金及退休后津贴 |
11 |
(4) |
|||
外汇 |
4 |
(10) |
|||
息税前利润 |
254 |
358 |
|||
利息费用 |
102 |
54 |
|||
利息收入 |
(9) |
(3) |
|||
经营收入 before income taxes |
161 |
307 |
|||
所得税准备 |
42 |
78 |
|||
投资收益 |
3 |
17 |
|||
净收益 |
122 |
246 |
|||
归属于 noncontrolling interests |
20 |
30 |
|||
归属于 |
$ 102 |
$ 216 |
|||
每股收益归属于 普通股股东: |
|||||
基本 |
$ 0.86 |
$ 1.75 |
|||
稀释 |
$ 0.85 |
$ 1.74 |
|||
Weighted average common shares outst和ing: |
|||||
基本 |
119,238,117 |
123,644,811 |
|||
稀释 |
119,643,244 |
124,430,160 |
|||
Actual common shares outst和ing at quarter end |
120,101,710 |
123,362,113 |
|||
(1) |
Reconciliation from income from operations to segment income follows. |
Consolidated Supplemental Financial Data (未经审计的) |
||||||
Reconciliation from 收入 from Operations to 部分收入 |
||||||
三个月结束 |
||||||
2023 |
2022 |
|||||
经营收入 |
$ |
269 |
$ |
344 |
||
无形资产摊销 |
40 |
40 |
||||
重组及其他 |
11 |
(1) |
||||
部分收入 |
$ |
320 |
$ |
383 |
||
段信息 |
||||||
|
三个月结束 |
|||||
2023 |
2022 |
|||||
美洲饮料 |
$ |
1,261 |
$ |
1,226 |
||
欧洲饮料 |
479 |
510 |
||||
|
338 |
413 |
||||
|
564 |
657 |
||||
其他 (1) |
332 |
356 |
||||
净销售额总额 |
$ |
2,974 |
$ |
3,162 |
||
部分收入 |
||||||
美洲饮料 |
$ |
178 |
$ |
164 |
||
欧洲饮料 |
45 |
53 |
||||
|
36 |
53 |
||||
|
78 |
61 |
||||
其他 (1) |
27 |
94 |
||||
公司及其他 unallocated items |
(44) |
(42) |
||||
分部总收入 |
$ |
320 |
$ |
383 |
(1) |
包括本公司的食品易拉罐、气雾剂易拉罐及瓶盖业务在内 |
Consolidated Supplemental Data (未经审计的) |
||||||||||||||
从净收入和摊薄每股收益到调整后净收入和调整后摊薄每股收益的对账 |
||||||||||||||
下表对报告的净收入和摊薄后归属于本公司的每股收益进行了调整 |
||||||||||||||
三个月结束 |
||||||||||||||
2023 |
2022 |
|||||||||||||
净收益/diluted earnings 每股 归因于 |
$ |
102 |
$ |
0.85 |
$ |
216 |
$ |
1.74 |
||||||
无形资产摊销 (1) |
40 |
0.33 |
40 |
0.32 |
||||||||||
重组及其他 (2) |
11 |
0.09 |
(1) |
(0.01) |
||||||||||
所得税 (3) |
(12) |
(0.10) |
(7) |
(0.06) |
||||||||||
投资收益 (4) |
3 |
0.03 |
2 |
0.02 |
||||||||||
调整后净收入/摊薄后收益 每股 |
$ |
144 |
$ |
1.20 |
$ |
250 |
$ |
2.01 |
||||||
申报的有效税率 |
26.1 % |
25.4 % |
||||||||||||
调整后的有效税率 |
25.5 % |
24.6 % |
||||||||||||
调整后净收入, 调整后的摊薄每股收益和调整后的有效税率是非公认会计准则衡量标准,不应单独考虑或作为净收入的替代品, 摊薄每股收益和有效税率根据
(1) |
在2023年和2022年的第一季度,公司记录的费用为 |
(2) |
在2023年第一季度,公司记录了净重组和其他费用 |
(3) |
The Company recorded income tax benefits of |
(4) |
In the first quarters of 2023 和2022年, the Company recorded its proportional share of intangible amortization, 税后净额, recorded by its equity method investment, Eviosys, 在这一行股票收益. |
合并资产负债表 (浓缩 & 未经审计的) (百万) |
||||||||
|
2023 |
2022 |
||||||
资产 |
||||||||
流动资产 |
||||||||
现金及现金等价物 |
$ |
403 |
$ |
389 |
||||
应收账款,净 |
1,957 |
2,170 |
||||||
库存 |
2,058 |
2,063 |
||||||
Prepaid expenses 和 other current assets |
244 |
341 |
||||||
待售流动资产 |
99 |
|||||||
流动资产总额 |
4,662 |
5,062 |
||||||
|
4,339 |
4,483 |
||||||
物业、厂房及设备、净 |
4,704 |
4,083 |
||||||
其他非流动资产 |
707 |
802 |
||||||
总资产 |
$ |
14,412 |
$ |
14,430 |
||||
负债与权益 |
||||||||
流动负债 |
||||||||
短期债务 |
$ |
163 |
$ |
96 |
||||
Current maturities of long-term debt |
124 |
1,137 |
||||||
Accounts payable 和 accrued liabilities |
3,289 |
3,856 |
||||||
待售流动负债 |
17 |
|||||||
流动负债总额 |
3,576 |
5,106 |
||||||
Long-term debt, excluding current maturities |
7,046 |
5,654 |
||||||
其他非流动负债 |
1,308 |
1,410 |
||||||
无控的利益 |
452 |
440 |
||||||
|
2,030 |
1,820 |
||||||
总股本 |
2,482 |
2,260 |
||||||
负债及权益合计 |
$ |
14,412 |
$ |
14,430 |
||||
Consolidated 现金流量表 (浓缩 & 未经审计的) (百万) |
||||||||||
三个月结束 |
2023 |
2022 |
||||||||
Cash flows from operating activities |
||||||||||
净收益 |
$ |
122 |
$ |
246 |
||||||
折旧及摊销 |
123 |
115 |
||||||||
重组及其他 |
11 |
(1) |
||||||||
养老保险费用 |
15 |
8 |
||||||||
养老金 |
1 |
20 |
||||||||
股票补偿 |
11 |
10 |
||||||||
营运资金变动及其他 (3) |
(518) |
(699) |
||||||||
Net cash used for operating activities (1) |
(235) |
(301) |
||||||||
Cash flows from investing activities |
||||||||||
资本支出 |
(233) |
(117) |
||||||||
收购和资产剥离 |
(18) |
|||||||||
Eviosys分布 (3) |
56 |
|||||||||
其他 |
16 |
18 |
||||||||
Net cash used for investing activities |
(161) |
(117) |
||||||||
来自融资活动的现金流量 |
||||||||||
负债净变动 |
307 |
717 |
||||||||
支付给股东的股息 |
(29) |
(27) |
||||||||
回购普通股 |
(6) |
(350) |
||||||||
Dividends paid to noncontrolling interests |
(11) |
(11) |
||||||||
其他,净 |
1 |
(8) |
||||||||
Net cash provided by financing activities |
262 |
321 |
||||||||
Effect of exchange rate changes on cash 和 cash equivalents |
(3) |
(36) |
||||||||
Net change in cash 和 cash equivalents |
(137) |
(133) |
||||||||
现金及现金等价物 |
639 |
593 |
||||||||
Cash, cash equivalents 和 restricted cash at |
$ |
502 |
$ |
460 |
||||||
(1) |
调整后的自由现金流被公司定义为经营活动产生的净现金减去资本支出和某些其他项目. |
(2) |
现金及现金等价物包括 |
(3) |
营运资金变动及其他 includes |
三个月结束 |
|||||||||
2023 |
2022 |
||||||||
Net cash used for operating activities |
$ |
(235) |
$ |
(301) |
|||||
|
(1) |
(24) |
|||||||
Interest included in investing activities (5) |
13 |
13 |
|||||||
资本支出 |
(233) |
(117) |
|||||||
应收保险 (6) |
(23) |
||||||||
调整后自由现金流量 |
$ |
(479) |
$ |
(429) |
(4) |
In |
(5) |
投资活动中包含的交叉货币掉期的利息收益. |
(6) |
2023年第一季度收到的保险收益与 |
Consolidated Supplemental Data (未经审计的) |
|||||||
Impact of Foreign Currency Translation – Favorable/(Unfavorable) (1) |
|||||||
三个月结束 |
|||||||
|
段 |
||||||
美洲饮料 |
$ |
10 |
$ |
(1) |
|||
欧洲饮料 |
(21) |
(1) |
|||||
|
(6) |
||||||
|
(17) |
(2) |
|||||
公司及其他 |
(2) |
(1) |
|||||
$ |
(36) |
$ |
(5) |
(1) |
外币折算的影响是指当年实际的差额 |
Reconciliation of 调整后的息税前利润 和 Adjusted Net Leverage Ratio |
||||||||||||
十二个月 |
||||||||||||
Q1 2023 |
Q1 2022 |
2022年全年 |
|
|||||||||
经营收入 |
$ |
269 |
$ |
344 |
$ |
1,336 |
$ |
1,261 |
||||
添加: |
||||||||||||
无形资产摊销 |
40 |
40 |
159 |
159 |
||||||||
重组及其他 |
11 |
(1) |
(52) |
(40) |
||||||||
部分收入 |
320 |
383 |
1,443 |
1,380 |
||||||||
折旧 |
83 |
75 |
301 |
309 |
||||||||
调整后的息税前利润 |
$ |
403 |
$ |
458 |
$ |
1,744 |
$ |
1,689 |
||||
总债务 |
$ |
6,977 |
$ |
7,333 |
||||||||
更少的现金 |
550 |
403 |
||||||||||
净债务 |
$ |
6,427 |
$ |
6,930 |
||||||||
调整后净杠杆率 |
3.7x |
4.1x |
SOURCE