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Crown Holdings, Inc. (NYSE: CCK) declared a quarterly cash dividend of $0.25 per share, payable on June 27, 2024, to shareholders of record as of June 13, 2024.
Crown Holdings, Inc. reported its financial results for Q1 2024 with net sales at $2,784 million, down from $2,974 million in Q1 2023. Income from operations was $245 million compared to $269 million in Q1 2023. Despite some challenges, the company remains focused on operational improvement and anticipates increased demand in the future.
Net income was $67 million, and reported diluted earnings per share were $0.56 in Q1 2024. Adjusted diluted earnings per share were $1.02. The company's financial position improved in terms of free cash flow and net leverage ratio, with full-year 2024 guidance of $5.80 to $6.20 adjusted diluted earnings per share.