Crown Holdings Posts Record Non-GAAP EPS Despite Missed Revenue Target

Trending News ☀️

Crown Holdings ($NYSE:CCK) Inc. (NYSE: CCK) recently released their fourth quarter and full year earnings report, revealing record non-GAAP EPS of $1.20, which exceeded expectations by $0.15. Crown Holdings is an American company that designs, manufactures and sells packaging products for consumer goods. With a focus on innovation and sustainability, Crown has become a leading provider of packaging solutions worldwide.

Despite missing their revenue target, Crown Holdings managed to deliver record non-GAAP EPS by leveraging their operational excellence and cost-saving initiatives. The company also experienced strong growth in several markets, with increased demand in the U.S., Europe and Asia-Pacific regions.

Share Price

The stock opened at $79.0 and closed at $79.0, up by a mere 0.2% from its prior closing price of 78.9. Despite the missed revenue target, investors were reassured by the strong EPS results, which offset some concerns about future growth prospects. This marks the second consecutive quarter that the company has declared a dividend, and is an indication of its continued financial stability. The company’s dividend declaration and improved guidance indicate a bright future ahead, which should encourage continued investor confidence in the stock. Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Crown Holdings. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Crown Holdings. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Crown Holdings. More…

Key Ratios Snapshot

Some of the financial key ratios for Crown Holdings are shown below. More…

Analysis

GoodWhale has conducted an in-depth analysis of CROWN HOLDINGS‘ financials and based on our Risk Rating, we have determined that CROWN HOLDINGS is a medium risk investment. Our analysis considered the financial and business aspects of this investment and we have identified two risk warnings in the income sheet and balance sheet of CROWN HOLDINGS. If you would like to learn more about these risk warnings, please register with us at GoodWhale. With our comprehensive analysis, you can rely on us to help you make informed investment decisions. More…

Peers

Crown Holdings Inc. is one of the leading companies in the metal packaging industry. It has a strong presence in North America, Europe, and Asia. The company’s main competitors are Great China Metal Industry Co Ltd, Xiamen Jihong Technology Co Ltd, Huhtamäki Oyj.

– Great China Metal Industry Co Ltd ($TWSE:9905)

Great China Metal Industry Co Ltd is a Chinese company that manufactures metal products. Its market cap as of 2022 is 7.44B and its ROE is 5.87%. The company has a wide range of products that it manufactures, including metal pipes, metal plates, metal sheets, and metal wire. It also has a wide range of customers, including both domestic and international companies.

– Xiamen Jihong Technology Co Ltd ($SZSE:002803)

Xiamen Jihong Technology Co Ltd is a Chinese company that manufactures and sells electronic products. The company has a market cap of 4.46B as of 2022 and a Return on Equity of 6.26%. The company’s products include mobile phones, digital cameras, and other electronic devices.

– Huhtamäki Oyj ($LTS:0K9W)

Huthamaki Oyj is a Finnish food packaging company. It is headquartered in Espoo, Finland. The company was founded in 1920. It is listed on the Nasdaq Helsinki stock exchange. The company’s products include paper and plastic cups, plates, and containers. The company has operations in Europe, Asia, and North America.

Summary

Going by the results, it appears that the company missed its revenue projection but exceeded the EPS expectations. Investors should further analyze the financial statements to gain more insight into the company’s performance and draw their own conclusions.