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Global beverage can shipments advanced 10% in the quarter.
April 21, 2020
By: DAVID SAVASTANO
Editor, Ink World Magazine
Crown Holdings, Inc. announced its financial results for the first quarter ended March 31, 2020. Net sales in the first quarter were $2,757 million compared to $2,755 million in the first quarter of 2019, reflecting increased beverage can volumes offset by the pass-through of lower raw material costs and $40 million of unfavorable currency translation. Income from operations was $246 million in the quarter compared to $262 million in the first quarter of 2019. Segment income was $298...
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