Shipments are modestly up and the company's full-year profits are on track to meet expectations.Shares of packaging company Crown Holdings (CCK 1.91%) jumped on Tuesday after the company reported financial results for the first quarter of 2024. As of 11:15 a.m. ET, Crown Holdings stock was up about 3% but had been up by nearly 6% earlier in the day.Lower sales but higher shipmentsIn Q1, net sales for Crown Holdings were down 6% year over year to about $2.8 billion. That would be discouraging without context ...

Crown Holdings (CCK) reported $2.78 billion in revenue for the quarter ended March 2024, representing a year-over-year decline of 6.4%. EPS of $1.02 for the same period compares to $1.20 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $2.93 billion, representing a surprise of -4.83%. The company delivered an EPS surprise of +6.25%, with the consensus EPS estimate being $0.96.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and ho ...

Crown Holdings (CCK) came out with quarterly earnings of $1.02 per share, beating the Zacks Consensus Estimate of $0.96 per share. This compares to earnings of $1.20 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 6.25%. A quarter ago, it was expected that this packaging company would post earnings of $1.42 per share when it actually produced earnings of $1.24, delivering a surprise of -12.68%.Over the last four quarters, the ...

Consolidated Supplemental Data (Unaudited) (in millions, except per share data) The following table reconciles reported net income and diluted earnings per share attributable to the Company to adjusted net income and adjusted diluted earnings per share, as used elsewhere in this release. Adjusted effective tax rate 25.9% 25.5% (1) In the first quarters of 2024 and 2023, the Company recorded net restructuring and other charges of $23 million ($22 million net of tax) and $11 million ($9 million net of tax) fo ...

In its upcoming report, Crown Holdings (CCK) is predicted by Wall Street analysts to post quarterly earnings of $0.96 per share, reflecting a decline of 20% compared to the same period last year. Revenues are forecasted to be $2.93 billion, representing a year-over-year decrease of 1.6%.The consensus EPS estimate for the quarter has undergone a downward revision of 0.3% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a whole, have reassessed their initial ...

Crown Holdings (CCK) is expected to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended March 2024. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on April 29. O ...

TAMPA, Fla., April 2, 2024 /PRNewswire/ -- Crown Holdings, Inc. (NYSE:CCK) will release its earnings for the first quarter ended March 31, 2024 after the close of trading on the New York Stock Exchange on Monday, April 29, 2024.  The Company will hold a conference call to discuss these results at 9:00 a.m. (EDT) on Tuesday, April 30, 2024.The dial-in numbers for the conference call are (630) 395-0194 or toll-free (888) 324-8108 and the access password is "packaging".  A replay of the conference call will be ...

Renewable energy (RE) adoption drives Crown's Twentyby30™ targets forward; new Virtual Power Purchase Agreement (VPPA) shows continued commitment to sustainability TAMPA, Fla., Feb. 28, 2024 /PRNewswire/ -- Crown Holdings, Inc. (NYSE: CCK) has entered a 15-year Virtual Power Purchase Agreement (VPPA) with Enel Green Power España (EGPE), Endesa's renewable energy subsidiary, securing renewable electricity from a new PV project built in Badajoz, Spain. This deal will cover all of Crown's current operational f ...

To give every employee the opportunity to feel heard, supported and valued and to continue building its inclusive culture, the Company implemented a new employee engagement survey globally. The Company aims to better understand what the employee experience looks like at Crown, what works well and what can be improved. While updating its Human Rights policy based on the latest legal developments, the company has developed a comprehensive Human Rights training program translated into the predominant local lan ...

TAMPA, Fla., Feb. 22, 2024 /PRNewswire/ -- Crown Holdings, Inc. (NYSE: CCK) announced today that its Board of Directors declared a cash dividend of $0.25 per share payable March 28, 2024, to shareholders of record as of March 14, 2024. About Crown Holdings, Inc. Crown Holdings, Inc., through its subsidiaries, is a leading global supplier of rigid packaging products to consumer marketing companies, as well as transit and protective packaging products, equipment and services to a broad range of end markets. W ...