Crown Holdings, Inc. Reports Strong First Quarter 2021 Results
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Crown Holdings (CCK) Tops Q1 EPS by 44c, Revenues Beat; Offers 2Q EPS Guidance Above Consensus, FY21 EPS Views Below Consensus
April 19, 2021 5:02 PM EDTCrown Holdings (NYSE: CCK) reported Q1 EPS of $1.83, $0.44 better than the analyst estimate of $1.39. Revenue for the quarter came in at $3.08 billion versus the consensus estimate of $2.98 billion.
Highlights
Earnings per share $1.57 versus $0.65 in 2020Adjusted earnings per share increased to $1.83 over the $1.13 in 2020Global beverage can volumes grew 8%; capacity expansion projects on scheduleSolid food can demandAnnounced agreement to sell European Tinplate businessCommenting on the quarter, Timothy J. Donahue, President and Chief Executive Officer, stated, "The Company's performance during the first quarter was excellent, as adjusted... More
