Crown Earnings Reports

Crown Holdings, Inc. reported a strong fourth quarter with a 12% increase in segment income compared to the prior year. The company's combined global beverage can segment income improved by 17%, driven by global volume growth of 4%. Diluted earnings per share were $3.02, and adjusted diluted earnings per share increased by 28% to $1.59.

Crown Holdings, Inc. reported net sales of $3,074 million for the third quarter of 2024, a slight increase compared to $3,069 million in the same period of 2023. The company's income from operations rose to $444 million from $374 million year-over-year. However, the company reported a net loss attributable to Crown Holdings of $175 million, primarily due to pension settlement charges of $517 million, compared to a net income of $159 million in the third quarter of 2023. Adjusted diluted earnings per share were $1.99, up from $1.73 in the previous year.