Crown Holdings (CCK) Tops Q1 EPS by 21c, Revenues Beat; Withdraws Previous FY20 Guidance

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Go back to Crown Holdings (CCK) Tops Q1 EPS by 21c, Revenues Beat; Withdraws Previous FY20 Guidance

Crown Holdings, Inc. Reports First Quarter 2020 Results

April 20, 2020 4:30 PM EDT

YARDLEY, Pa., April 20, 2020 /PRNewswire/ -- Crown Holdings, Inc. (NYSE: CCK) today announced its financial results for the first quarter ended March 31, 2020.

Highlights

Earnings per share $0.65 versus $0.77 in 2019 Adjusted earnings per share increased to $1.13 over the $1.05 in 2019 Global beverage can volumes grew 10% Solid food can demand Previous financial guidance for 2020 withdrawn

Net sales in the first quarter were $2,757 million compared to $2,755 million in the first quarter of 2019 reflecting increased beverage can volumes offset by the... More