Entering text into the input field will update the search result below

Crown Holdings announces Q2 results; lowers EPS guidance amid transportation cost pressure

Jul. 18, 2018 5:46 PM ETCrown Holdings, Inc. (CCK) StockBy: Vandana Singh, SA News Editor
  • Crown Holdings Q2 revenues increases 41% to $3.05B led by impact of Signode & Transit Packaging acquisitions and +4% increase in beverage can volumes.
  • Operating margin declined 240bps to 9.6% due to macroeconomic headwinds
  • The company reduces 3Q and FY18 adjusted EPS guidance to ~$1.60 to $1.70 and $5.15 to $5.30 per share, respectively, due to negative impact of higher freight costs in North America and foreign currency translation.
  • (NYSE:CCK) down -4.7% post-market.
  • Previously: Crown Holdings misses by $0.01, beats on revenue (July 18)

Recommended For You

More Trending News

About CCK Stock

SymbolLast Price% Chg
Market Cap
PE
Yield (TTM)
Rev Growth (YoY)
Prev. Close
Compare to Peers

Related Stocks

SymbolLast Price% Chg
CCK--
Crown Holdings, Inc.