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Crown Holdings Inc (CCK) Q1 2021 Earnings Call Transcript


Good morning, and welcome to Crown Holdings First Quarter 2021 Conference Call. [Operator Instructions].
I would now like to turn the call over to Mr. Thomas Kelly, Senior Vice President and Chief Financial Officer. Sir, you may begin.
Thomas A. Kelly
Senior Vice President and Chief Financial Officer
Thank you, Dale, and good morning. With me on today s call is Tim Donahue, President and Chief Executive Officer. If you don t already have the earnings release, it is available on our website at crowncork.com.
On this call, as in the earnings release, we will be making a number of forward-looking statements. Actual results could vary materially from such statements. Additional information concerning factors that could cause the actual results to vary is contained in the press release and in our SEC filings, including in our Form 10-K for 2020 and subsequent filings. ....

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Crown Holdings, Inc. Reports Strong First Quarter 2021 Results


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YARDLEY, Pa., April 19, 2021 /PRNewswire/  Crown Holdings, Inc. (NYSE: CCK) today announced its financial results for the first quarter ended March 31, 2021.
Highlights
Adjusted earnings per share increased to $1.83 over the $1.13 in 2020
Global beverage can volumes grew 8%; capacity expansion projects on schedule
Solid food can demand
Announces Investor Event
Net sales in the first quarter were $3,078 million compared to $2,757 million in the first quarter of 2020 reflecting increased sales unit volumes in all segments and favorable currency translation of $92 million.
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.  In addition, t ....

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