04.29.21
Led by its earnings per share of $1.57 versus $0.65 in 2020, Crown Holdings, Inc. announced its financial results for the first quarter ended March 31, 2021.
Net sales in the first quarter were $3,078 million compared to $2,757 million in the first quarter of 2020. Global beverage can volumes grew 8%, with the company reporting solid food can demand. Income from operations was $384 million in the first quarter compared to $246 million in the first quarter of 2020.
Segment income was $433 million in the first quarter compared to $298 million in the prior year first quarter primarily due to increased sales unit volumes and $11 million of favorable currency translation.
“The company's performance during the first quarter was excellent, as adjusted earnings per share and segment income grew 62% and 45%, respectively, from prior year results,” said Timothy J. Donahue, president and CEO.
“Each of our global businesses executed well both commercially and operationally in the face of the challenges posed by the continuing pandemic,” added Donahue. “Beverage can volumes were strong across all global regions, led by North America, as consumers and customers alike continue to increasingly prefer the infinitely recyclable aluminum can over other packaging options.”
Net sales in the first quarter were $3,078 million compared to $2,757 million in the first quarter of 2020. Global beverage can volumes grew 8%, with the company reporting solid food can demand. Income from operations was $384 million in the first quarter compared to $246 million in the first quarter of 2020.
Segment income was $433 million in the first quarter compared to $298 million in the prior year first quarter primarily due to increased sales unit volumes and $11 million of favorable currency translation.
“The company's performance during the first quarter was excellent, as adjusted earnings per share and segment income grew 62% and 45%, respectively, from prior year results,” said Timothy J. Donahue, president and CEO.
“Each of our global businesses executed well both commercially and operationally in the face of the challenges posed by the continuing pandemic,” added Donahue. “Beverage can volumes were strong across all global regions, led by North America, as consumers and customers alike continue to increasingly prefer the infinitely recyclable aluminum can over other packaging options.”
