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 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.
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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.