Crown Holdings Stock Price, News & Analysis

Crown Holdings, Inc. (NYSE: CCK) will announce its fourth-quarter earnings for the period ending December 31, 2020, on February 9, 2021, after market close. A conference call to discuss these results is scheduled for February 10, 2021, at 9:00 a.m. EST. Interested parties can dial in using (630) 395-0194 or toll-free (888) 324-8108 with the access password "packaging." A replay of the call will be available until February 17, 2021. Crown Holdings is a prominent global supplier of rigid packaging products, headquartered in Yardley, Pennsylvania.

Crown Holdings, Inc. (NYSE: CCK) announced the election of Dwayne Wilson to its Board of Directors, expanding the board to 13 members. With 36 years at Fluor Corporation, Wilson brings extensive experience in construction and engineering, having held various leadership roles. His background includes managing key business units and expertise in areas vital for Crown's operations. The Chairman, John W. Conway, expressed confidence in Wilson's ability to enhance the company's technology and supply chain strategies.

Crown Holdings, Inc. (CCK) announced its achievement of operating all 14 beverage can plants in the U.S. and Canada on 100% renewable energy, marking a first in the metal packaging industry. This transition is supported by a 15-year Virtual Power Purchase Agreement (VPPA) with Longroad Energy, generating over 440,000 MWhs of electricity annually. As part of its sustainability goals, Crown aims for 60% renewable electricity by 2030, 90% by 2040, and 100% by 2050, alongside a 50% reduction in Scope 1 and Scope 2 greenhouse gas emissions. The initiative will help prevent over 310,000 metric tons of carbon emissions each year.

Crown Holdings reported strong third-quarter results for 2020, with earnings per share at $1.59, up from $1.36 in 2019. Adjusted earnings per share increased to $1.96 from $1.56. Net sales rose to $3,167 million, driven by an 8% increase in beverage can volumes and 9% in food can volumes. The company plans to initiate a quarterly dividend of at least $0.20 starting Q1 2021. Adjusted free cash flow is expected to reach $550 million for the year, while full-year earnings guidance is forecasted at $5.65 to $5.70 per share.

Crown Holdings, Inc. (NYSE: CCK) will announce its earnings for Q3 2020 on October 19, 2020, after NYSE trading ends. A conference call is scheduled for October 20, 2020, at 9:00 a.m. EDT to discuss the results. Interested parties can join via dial-in or through a live webcast on the company’s website. The earnings call replay will be available until October 27, 2020. Crown Holdings specializes in rigid packaging products and services, serving various end markets globally.

Crown Holdings (NYSE: CCK) has received approval from the Science Based Targets initiative (SBTi) for its greenhouse gas (GHG) emission reduction targets. The company aims to reduce absolute Scope 1 and Scope 2 GHG emissions by 50% and Scope 3 emissions by 16% by 2030, using a 2019 baseline. This approval highlights Crown's commitment to sustainability as part of a broader strategy to enhance its environmental, social, and governance (ESG) goals. Crown is one of only eight companies in the global packaging sector to achieve this distinction.

Crown Holdings, Inc. (NYSE:CCK) will report its second-quarter earnings on July 20, 2020. The conference call to discuss these results is scheduled for 9:00 a.m. (EDT) on July 21, 2020. Interested parties can dial in at (630) 395-0194 or toll-free at (888) 324-8108 using the password 'packaging'. A week-long replay will be available following the call. Crown Holdings is a leading global provider of rigid packaging solutions, headquartered in Yardley, Pennsylvania.