Crown Holdings ( (CCK) ) has released its Q4 earnings. Here is a breakdown of the information Crown Holdings presented to its investors.
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Crown Holdings, Inc. is a global leader in the design, manufacture, and sale of packaging products for consumer and industrial goods, headquartered in Tampa, Florida.
In its latest financial report, Crown Holdings announced a strong performance for the fourth quarter and the full year of 2024, with notable increases in earnings and cash flow metrics.
The company reported a 28% rise in adjusted diluted earnings per share for the fourth quarter, reaching $1.59, and a 9% increase for the full year, amounting to $6.41. Crown Holdings also achieved a record adjusted free cash flow of $814 million and successfully reduced its net debt by $878 million. Global beverage can segment income saw a significant increase, driven by volume growth in regions such as Europe and North America.
Crown Holdings’ management expressed confidence in their strategic positioning, highlighting their balanced portfolio and optimized manufacturing capabilities. For 2025, the company projects adjusted diluted earnings per share to range between $6.60 and $7.00, with an anticipated adjusted free cash flow of approximately $800 million.
Looking ahead, Crown Holdings appears well-positioned to maintain its strong performance, leveraging its robust operational framework and strategic initiatives to meet evolving market demands in the packaging sector.
