Metal packaging products manufacturer Crown Holdings (NYSE:CCK) met Wall Street’s revenue expectations in Q3 CY2024, but sales were flat year on year at $3.07 billion. Its non-GAAP profit of $1.99 per share was 10.4% above analysts’ consensus estimates.
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Crown Holdings (CCK) Q3 CY2024 Highlights:
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Revenue: $3.07 billion vs analyst estimates of $3.06 billion (in line)
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EPS (non-GAAP): $1.99 vs analyst estimates of $1.80 (10.4% beat)
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EPS (non-GAAP) guidance for the full year is $6.30 at the midpoint, beating analyst estimates by 2.4%
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Gross Margin (GAAP): 22.5%, up from 20.9% in the same quarter last year
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Market Capitalization: $11.21 billion
Commenting on the quarter, Timothy J. Donahue, Chairman, President and Chief Executive Officer, stated, “The Company continued its strong 2024 performance during the…
