Crown Holdings (CCK) Tops Q4 EPS by 1c, Offers Q1 & FY Guidance; Approves $1B Buyback

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Go back to Crown Holdings (CCK) Tops Q4 EPS by 1c, Offers Q1 & FY Guidance; Approves $1B Buyback

Crown Holdings, Inc. Reports Fourth Quarter 2016 Results

February 2, 2017 5:07 PM EST

PHILADELPHIA, Feb. 2, 2017 /PRNewswire/ -- Crown Holdings, Inc. (NYSE: CCK) today announced its financial results for the fourth quarter and year ended December 31, 2016.

Highlights

Earnings per share $0.47 for the quarter; $3.56 full year versus $2.82 in 2015 Adjusted earnings per share $0.71 for the quarter; $3.93 full year versus $3.59 in 2015 Cash from operations $930 million; adjusted free cash flow $479 million Share repurchase authorization for $1 billion in aggregate through the end of 2019

Fourth Quarter Net sales in the fourth quarter were $1,923 million compared to... More