Industry News, Printers News

Crown Holdings Reports 3Q 2023 Results

Segment income in the third quarter of 2023 was $430 million compared to $336 million in the prior year.

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By: DAVID SAVASTANO

Editor, Ink World Magazine

Crown Holdings, Inc. announced its financial results for the third quarter ended Sept. 30, 2023. Net sales in the third quarter were $3,069 million compared to $3,259 million in the third quarter of 2022, reflecting higher beverage can volumes in North America and favorable foreign currency translation of $60 million, offset by lower volumes across most other businesses and the pass through of $187 million in lower material costs. Income from operations was $374 million in the third quarte...

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