Leading position as a global can manufacturer, with ongoing expansions in high-growth regions; Favorable industry dynamics including fairly tight supply/demand and good pricing power; and High return on capital. Financial metrics currently somewhat weak for the ratings; Significant seasonal swings in earnings and cash flow; and Limited product diversity. Standard&Poor's Ratings Services' ratings on Crown Holdings Inc. reflect its satisfactory business risk profile as a leading global can manufacturer (with trailing-12-month sales of $8.5 billion) and its significant financial risk profile. The company's business strengths include its market position among a handful of global leaders in metal packaging and its extensive international operations, including good positions in emerging markets with favorable long-term growth prospects. Crown also has greater
