Crown Holdings (CCK) Reports In-Line Q4 EPS, Revenue Beats, Offers Guidance

Crown Holdings (NYSE: CCK) reported Q4 EPS of $0.79, in-line with the analyst estimate of $0.79. Revenue for the quarter came in at $2.17 billion versus the consensus estimate of $2.02 billion.

GUIDANCE:

Crown Holdings sees Q1 2018 EPS of $0.75-$0.85, versus the consensus of $0.85.

Crown Holdings sees FY2018 EPS of $4.30-$4.50, versus the consensus of $4.46.

• Excluding the impact of the Signode acquisition discussed above, the Company currently expects first quarter and full year 2018 adjusted diluted earnings per share to be in the ranges of $0.75 to $0.85 per share and $4.30 to $4.50 per share, respectively. Also excluding the impact of the acquisition, the Company currently expects a full year 2018 adjusted effective tax rate of approximately 26%, cash provided by operating activities (before the impact of new accounting guidance discussed below) of approximately $925 million, and capital expenditures of approximately $425 million.

For earnings history and earnings-related data on Crown Holdings (CCK) click here.

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