Reports Q2 revenue $3.15B, consensus $3.1B. Commenting on the quarter, Timothy J. Donahue, Chairman, President and Chief Executive Officer, stated, “During the second quarter, continued strong performance, led by Americas Beverage, European Beverage and the North American Tinplate businesses led to segment income growth of 9% over the prior year. In addition to shipment growth in Europe and the Middle East, the improvement also reflects favorable product mix and exceptional operational performance throughout global operations. Beverage can shipments in North America advanced 1% in line with expectations. Transit Packaging results remained firm to the prior year, despite a continued tepid industrial production environment, the result of continuing cost reduction efforts.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CCK:
- CCK Upcoming Earnings Report: What to Expect?
- Crown Holdings price target raised to $110 from $101 at Wells Fargo
- Crown Holdings downgraded to Neutral from Outperform at Baird
- Crown Holdings: Neutral Rating Amidst Realized Gains and Market Volatility
- Crown Holdings price target raised to $127 from $110 at Mizuho