Welcome to our dedicated page for Crown Holdings news (Ticker: CCK), a resource for investors and traders seeking the latest updates and insights on Crown Holdings stock.
Crown Holdings, Inc. (NYSE: CCK) generates a steady flow of news related to its role as a global supplier of rigid packaging products and transit and protective packaging solutions. Company releases describe how Crown, through its subsidiaries, serves consumer marketing companies and a broad range of end markets with metal packaging, including beverage cans, food cans, closures, aerosol cans and protective transport packaging.
News coverage for CCK commonly features quarterly earnings announcements, where Crown reports net sales, income from operations, segment income and adjusted non-GAAP measures such as adjusted diluted earnings per share, adjusted free cash flow and adjusted net leverage ratio. These releases often include detailed segment information for Americas Beverage, European Beverage, Asia Pacific, Transit Packaging and other operations, along with commentary on performance drivers in each area.
Investors following Crown Holdings’ news will also see capital markets and financing updates. Recent press releases and Form 8-K filings describe offerings of senior unsecured notes by Crown European Holdings S.A., tender offers for 7 3/8% debentures due 2026, and redemptions of both U.S. dollar and euro-denominated notes due 2026. These items provide insight into how the company manages its debt structure, refinances obligations and addresses upcoming maturities.
Additional news items include dividend declarations, with the Board of Directors announcing quarterly cash dividends per share, and scheduling of earnings conference calls and webcasts. These calls give further context on results, segment trends and the company’s use of non-GAAP measures, and are highlighted in advance through dedicated press releases.
This news page for CCK brings together these earnings reports, financing announcements, dividend declarations and conference call notices in one place, allowing readers to review the company’s recent disclosures and developments. Users interested in Crown Holdings’ financial performance, capital structure and packaging operations can consult this feed for the latest official updates released by the company.
Crown Holdings (NYSE: CCK) announces a cooperation agreement with Icahn Enterprises, which owns 8.5% of Crown's common stock. Jesse Lynn and Andrew Teno from Icahn will join Crown's Board of Directors, expanding it to 13 members. This move follows significant board refreshment since 2019, with over half of the board replaced. Timothy Donahue, Crown's CEO, expressed optimism about collaboration with the Icahn team to enhance shareholder value.
Summary not available.
Crown Holdings (NYSE: CCK) announced a limited duration shareholder rights plan aimed at safeguarding its shareholders' interests. This plan, effective immediately and expiring on November 6, 2023, allows shareholders to purchase additional shares if any entity acquires 10% or more of Crown's stock. Existing shareholders at or above this threshold will have their ownership percentage grandfathered. The initiative aligns with practices adopted by other companies, ensuring that any potential acquirers pay an appropriate premium to all shareholders. The company remains dedicated to constructive dialogue with its stakeholders.
Crown Holdings, Inc. (NYSE: CCK) declared a cash dividend of 22 cents per share, payable on November 25, 2022. The record date for shareholders is November 10, 2022. This dividend reflects the company's ongoing commitment to returning value to shareholders.
Summary not available.
Crown Holdings (CCK) reported Q3 2022 earnings of $1.06 per share, up from $0.79 in Q3 2021. Total net sales rose to $3.259 billion, driven by a 6% increase in global beverage can volumes despite $127 million in foreign currency losses. Income from operations declined to $297 million from $348 million year-over-year. The company has repurchased $722 million in shares this year and expects adjusted earnings of $1.00 to $1.10 for Q4, lowering its full-year guidance to $6.60-$6.70 per share due to inflationary pressures and currency fluctuations.
Summary not available.
Crown Holdings, Inc. (NYSE:CCK) has announced it will release its third-quarter earnings for the period ending September 30, 2022, after the NYSE trading close on October 24, 2022. A conference call to discuss these results is scheduled for 9:00 a.m. EDT on October 25, 2022. Interested parties can access the call by dialing (630) 395-0194 or toll-free (888) 324-8108, with the access password being "packaging". A replay will be available until November 1, 2022. Crown Holdings is a leading global supplier of rigid packaging products.
Summary not available.
Crown Holdings, Inc. (NYSE: CCK) has amended its credit agreement to extend its maturity to August 2027 and increase commitments across several facilities. Post-amendment, commitments include $800 million in U.S. dollar revolving commitments and $1.8 billion in Term Loan A commitments. The company plans to utilize these facilities to redeem outstanding 2¼% and ¾% Senior Notes due in 2023, totaling €885 million. This strategic move aims to strengthen Crown's financial position.