Industry News, Printers News

Crown Holdings, Inc. Reports 4Q 2016 Results

Cash from operations $930 million; adjusted free cash flow $479 million.

Author Image

By: DAVID SAVASTANO

Editor, Ink World Magazine

Crown Holdings, Inc. announced its financial results for the fourth quarter and year ended Dec. 31, 2016.   Net sales in the fourth quarter were $1,923 million compared to $2,027 million in the fourth quarter of 2015, reflecting $77 million of unfavorable currency translation in 2016 compared to 2015 and the pass through of lower raw material costs.   The company reported earnings per share $0.47 for the quarter, and $3.56 full year versus $2.82 in 2015. Adjusted earnings per share $0.71 was...

Continue reading this story and get 24/7 access to Ink World magazine for FREE


Already a subscriber? Sign in

Keep Up With Our Content. Subscribe To Ink World magazine Newsletters