Industry News

Crown Holdings Reports 4Q, Full Year 2013 Results

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By: Bridget Klebaur

Director of Performance + Engagement / Chief Performance Officer, Office of the Commissioner, NYC Department of Design and Construction

Crown Holdings, Inc. announced its financial results for the fourth quarter ended Dec. 31, 2013. For the full year, net sales grew to $8,656 million over $8,470 million in 2012, reflecting increased global beverage can volumes and $54 million from foreign currency translation, partially offset by the pass-through of lower raw material costs. Gross profit for 2013 rose to $1,342 million over the $1,277 million in 2012. The increase in gross profit primarily reflects increased beverage can sale...

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