Crown Holdings' Q1 Earnings Top Estimates; To Sell Transit Packaging's Kiwiplan Business
Crown Holdings Inc (NYSE:CCK) reported first-quarter FY22 sales growth of 23.3% year-on-year to $3.2 billion, above the consensus of $2.94 billion. The company attributed the sales growth to increased beverage sales unit volumes and the pass-through of higher material costs. Selling, general and administrative expenses rose 9.8% Y/Y to $157 million. The operating…
Benzinga ·
Benzinga
