Crown Holdings, Inc. Reports Earnings Results for the Second Quarter Ended June 30, 2021
July 19, 2021 at 04:30 pm EDT
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Crown Holdings, Inc. announced earnings results for the second quarter ended June 30, 2021. For the second quarter, the company announced sales was USD 2,856 million compared to USD 2,137 million a year ago. Operating income was USD 385 million compared to USD 208 million a year ago. Net income was USD 128 million compared to USD 126 million a year ago. Basic earnings per share was USD 0.96 compared to USD 0.95 a year ago. Diluted earnings per share was USD 0.95 compared to USD 0.94 a year ago. Basic earnings per share from continuing operations was USD 0.98 compared to USD 0.57 a year ago. Diluted earnings per share from continuing operations was USD 0.97 compared to USD 0.57 a year ago. For the half year, sales was USD 5,420 million compared to USD 4,443 million a year ago. Operating income was USD 712 million compared to USD 426 million a year ago. Net income was USD 339 million compared to USD 214 million a year ago. Basic earnings per share was USD 2.54 compared to USD 1.6 a year ago. Diluted earnings per share was USD 2.52 compared to USD 1.59 a year ago. Basic earnings per share from continuing operations was USD 2.23 compared to USD 1.07 a year ago. Diluted earnings per share from continuing operations was USD 2.22 compared to USD 1.06 a year ago.
Crown Holdings, Inc., through its subsidiaries, is a supplier of rigid packaging products to consumer marketing companies, as well as transit and protective packaging products, equipment, and services to a range of end markets. The Company's segments include Americas Beverage, European Beverage, Asia Pacific, and Transit Packaging. The Americas Beverage segment manufactures infinitely recyclable aluminum beverage cans and ends, glass bottles, steel crowns and aluminum caps. The European Beverage segment manufactures recyclable aluminum beverage cans and ends in Europe, the Middle East and North Africa. The Asia Pacific segment primarily consists of beverage can operations in Cambodia, China, Indonesia, Malaysia, Myanmar, Singapore, Thailand, and Vietnam and also includes non-beverage can operations, primarily food cans and specialty packaging. The Transit Packaging segment includes industrial products, protective solutions, and the automation, equipment, and tools business.