Industry News

Crown Holdings, Inc. Reports 4Q, Full Year 2024 Results

Adjusted free cash flow for full-year 2024 was a record $814 million, with net debt reduction of $878 million, adjusted net leverage ratio now 2.7x.

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By: DAVID SAVASTANO

Editor, Ink World Magazine

Crown Holdings, Inc. announced its financial results for the fourth quarter and full year ended Dec. 31, 2024. Net sales for 2024 were $11,801 million, as 5% higher global beverage can shipments were offset by the pass through of $196 million in lower material costs and lower volumes in Transit Packaging. Income from operations was $1,419 million in 2024, compared to $1,269 million in 2023. Segment income for 2024 was $1,645 million, $99 million higher than 2023, driven primarily by improv...

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