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. reports news on its global packaging operations, including beverage cans, metal food cans, closures, aerosol packaging, and transit and protective packaging products, equipment, and services. Company updates commonly cover quarterly earnings, beverage can shipment trends, regional performance in Europe, Asia-Pacific, and North America, and demand across consumer packaging and end-market customers.
Recurring announcements also include dividend declarations, share repurchase activity, capital allocation priorities, manufacturing capacity projects, and leadership or board changes. Crown’s news flow connects operating results with raw-material sourcing, manufacturing flexibility, customer commitments, and the structure of its packaging divisions.
Crown Holdings, Inc. (CCK) will announce its fourth-quarter earnings for FY 2022 on February 7, 2023. The report will be released after the market closes. A conference call to discuss the earnings will take place on February 8, 2023, at 9:00 a.m. (EST). Investors can join the call by dialing (630) 395-0194 or toll-free (888) 324-8108, using the access code 'packaging'. A replay of the call will be accessible until February 15, 2023, and a live webcast will be available on the company's website.
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.
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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.
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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.
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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.
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