Crown Holdings (CCK) Tops Q4 EPS by 9c, Offers Q1 and FY Guidance

Crown Holdings (NYSE: CCK) reported Q4 EPS of $1.04, $0.09 better than the analyst estimate of $0.95. Revenue for the quarter came in at $2.79 billion versus the consensus estimate of $2.72 billion.

GUIDANCE:

Crown Holdings sees FY2020 EPS of $5.40-$5.60, versus the consensus of $5.54.

Crown Holdings sees Q1 2020 EPS of $0.90-$1.00, versus the consensus of $1.17.

• The Company currently expects 2020 adjusted diluted earnings per share in the range of $5.40 to $5.60. Adjusted diluted earnings per share for the 2020 first quarter are expected to be in the range of $0.90 to $1.00.
• The adjusted effective income tax rate for 2020 is expected to be between 24% and 25%.
• Cash provided by operating activities is currently expected to be approximately $1,200 million for 2020 with capital spending of approximately $600 million.

For earnings history and earnings-related data on Crown Holdings (CCK) click here.

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