Industry News, Printers News

Crown Holdings Reports Strong 4Q, Full Year 2020 Results

Beverage can volumes were up 4% for the year, while food can volumes are up 7% for the year.

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By: DAVID SAVASTANO

Editor, Ink World Magazine

Driven by sizable increases in food cans and beverage cans sales, Crown Holdings, Inc. announced solid sales and free cash flow for the fourth quarter and full year ended Dec. 31, 2020. Beverage can volumes were up 4% for the year, while food can volumes are up 7% for the year. As a result, net sales in the fourth quarter were $2,962 million compared to $2,791 million in the fourth quarter of 2019. These gains also showed in earnings per share. Earnings per share were $1.12 for the quarter com...

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