Industry News, Printers News

Crown Holdings Reports 4Q, Full Year 2019 Results

Full year cash from operations of $1.2 billion; record adjusted free cash flow of $754 million.

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By: DAVID SAVASTANO

Editor, Ink World Magazine

Crown Holdings, Inc. announced its financial results for the fourth quarter and year ended Dec. 31, 2019. Fourth quarter earnings per share was $0.64 versus $0.40 in 2018, with fourth quarter adjusted earnings per share of $1.04 versus $1.00 in 2018. Full year cash from operations as $1.2 billion; record adjusted free cash flow was $754 million. Beverage can vol-umes were up 7% in the quarter, 3% for the year. Net sales in the fourth quarter were $2,791 million compared to $2,734 million in th...

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