SHARPE
Reported results
- Diluted earnings per share (GAAP): $2.08 in Q3 2026 vs. $1.85 in Q3 2025
- Adjusted diluted earnings per share: $2.39 in Q3 2026 vs. $2.24 in Q3 2025, representing 7% increase
- Net sales: $3,711 million in Q3 2026 vs. $3,202 million in Q3 2025, including pass-through of $405 million in higher material costs
- Segment income: $484 million in Q3 2026 vs. $490 million in Q3 2025
- Global beverage can volumes increased 6% with double-digit gains in Asia, 6% increase in North America, and 4% growth in Europe
- Net leverage ratio of 2.5x adjusted EBITDA
Guidance
- Full year 2026 adjusted diluted earnings per share range: $8.35 to $8.45
- Full year 2026 adjusted free cash flow: at least $950 million
- Full year 2026 capital spending: approximately $550 million
- Q4 2026 adjusted diluted earnings per share range: $1.63 to $1.73
Notes
Nine-month results also provided: net sales $10,638 million vs. $9,238 million in 2025; reported diluted EPS $5.85 vs. $5.06; adjusted diluted EPS $6.72 vs. $6.05. Common stock repurchased: $81 million in Q3 2026; nearly 6% of outstanding shares acquired over past twelve months. Groundbreaking commenced in September on beverage can plant in Uttar Pradesh, India with commercial start-up expected Q1 2028.
Price and volatility reaction
The stock moved -0.6% on the print. No front-expiry chain was on file, so there is no straddle expected move. 30-day ATM implied volatility moved -6.8 vol points across the event (constant-maturity series — not the front-week crush).
| Measure | Value | Basis |
|---|---|---|
| Close before release | 114.89 | 2026-10-19 |
| Close after release | 114.17 | 2026-10-20 |
| Realised move | -0.6% | close to close |
| 30d ATM IV change | -6.8 vol pts | constant-maturity series, not the front expiry |
Source
The figures above come from the earnings release the company filed with the SEC on 2026-10-19 (8-K, Item 2.02). Read the original filing on sec.gov.