Key Developments: Crown Holdings Inc (CCK.N)
44.04USD
17 May 2013
$0.17 (+0.39%)
$43.87
$44.07
$44.15
$43.92
109,381
186,423
$44.30
$32.40
Latest Key Developments (Source: Significant Developments)
Crown Holdings Inc Reaffirms FY 2013 EPS Guidance; Issues Q2 2013 EPS Guidance In Line With Analysts' Estimates-Conference Call
Crown Holdings Inc reaffirmed its fiscal 2013 EPS guidance and expects comparable earnings per share (EPS) at current exchange rates to be in the range of $3.20 to $3.40 per share. For the second quarter of 2013, it expects comparable earnings to be in the range of $0.88 to $0.98 per share. According to I/B/E/S Estimates, analysts were expecting the Company to report EPS of $3.28 for fiscal 2013; EPS of $0.95 for the second quarter of 2013. Full Article
Crown Holdings Inc Announces Appointment Of President
Crown Holdings Inc announced that Timothy J. Donahue will become President and Chief Operating Officer effective March 4, 2013. Mr. Thomas A. Kelly has been appointed Senior Vice President and Chief Financial Officer. Mr. Donahue and Mr. Kelly will report to John W. Conway, Chairman of the Board and Chief Executive Officer. Full Article
Crown Holdings Inc Issues FY 2013 EPS Guidance In Line With Analysts' Estimates; Issues Q1 2013 EPS Guidance Below Analysts' Estimates-Conference Call
Crown Holdings Inc announced that for fiscal 2013, it expects comparable earnings per share (EPS) at current exchange rates to be in the range of $3.20 to $3.40 per share. For the first quarter of 2013, it expects comparable earnings to be in the range of $0.45 to $0.50 per share. According to I/B/E/S Estimates, analysts were expecting the Company to report EPS of $3.28 for fiscal 2013; EPS of $0.57 for the first quarter of 2013. Full Article
Crown Holdings Inc Announces Pricing Of Senior Notes
Crown Holdings Inc announced that it has priced a private placement of $800 million principal amount of 4.5% senior unsecured notes due 2023 (the New Notes). The New Notes were priced at 100% of the principal amount and will be issued by Crown Americas LLC and Crown Americas Capital Corp. IV, each a subsidiary of the Company, and will be unconditionally guaranteed by the Company and substantially all of its U.S. subsidiaries. The Company intends to use the net proceeds of the offering (i) to redeem all of Crown Americas LLC's and Crown Americas Capital Corp. II's outstanding $400 million senior notes due 2017 (the 2017 Notes) and to pay redemption premiums associated therewith, (ii) to repay the equivalent of $300 million of indebtedness under the Company's senior secured term loan facilities, (iii) for general corporate purposes and (iv) for payment of related fees and expenses. Full Article
Crown Holdings Inc Lowers FY 2012 EPS Guidance; Issues Q4 2012 EPS Guidance Below Analysts' Estimates-Conference Call
Crown Holdings Inc announced that for fiscal 2012, it expects comparable earnings per diluted share (EPS) to be in the range of $2.82 to $2.88. For the fourth quarter of 2012, it expects comparable earnings per diluted share (EPS) to be between $0.52 to and $0.58. According to I/B/E/S Estimates, analysts were expecting the Company to report EPS of $0.59 for the fourth quarter of 2012; EPS of $2.90 for fiscal 2012. Full Article
Crown Holdings, Inc. Issues Q3, FY 2012 EPS Guidance In Line With Analysts' Estimates-Conference Call
Crown Holdings, Inc. announced that for the third quarter of 2012, it expects comparable earnings per diluted share (EPS) to be in the range of $0.95 and $1.05. For fiscal 2012, it expects comparable earnings per diluted share to be in the range of$2.90 to $3.00. According to I/B/E/S Estimates, analysts were expecting the Company to report EPS of $1.04 for the third quarter of 2012; EPS of $2.96 for fiscal 2012. Full Article
Crown Holdings, Inc. Issues FY 2011 EPS Guidance-Conference Call
Crown Holdings, Inc. announced that for fiscal 2011, it expects comparable earnings per diluted share (EPS) to be in the range of $2.75 to $2.85. Full Article
Crown Holdings, Inc. To Expand Presence in China to Support Strong Market Growth
Crown Holdings, Inc. announced plans to continue to expand its footprint in China by building two new beverage can plants and adding a second line to a previously announced facility currently being constructed. The new facilities will be located in Zhengzhou (Central China) and Changchun (Northeastern China). Each plant will have an initial annual production capacity of 720 million two-piece aluminum beverage cans. The Zhengzhou plant, which will serve Henan province and surrounding provinces such as Shandong, will produce 33cl cans. It is expected to be operational by the first quarter of 2013. The Changchun plant will produce 33cl and 50cl cans and is expected to be operational in the third quarter of 2013. Crown is also adding a second line to its previously announced facility in Putian (Fujian Province). The new line, expected to be operational by the first quarter of 2013, will produce 33cl and slim 25cl aluminum beverage cans. This expansion will bring annual production capacity at the Putian facility up to 1.4 billion beverage cans when fully commercialized. Full Article
TEXT-Fitch affirms Crown Holdings ratings at 'BB+'
March 1 - Fitch Ratings has affirmed the ratings for Crown Holdings, Inc. (Crown), and its subsidiaries, Crown Cork & Seal Company, Inc. (CCS), Crown Americas, LLC. (CA), and Crown European Holdings, SA (CEH). The Rating Outlook is Stable. KEY RATING DRIVERS Support for Crown's ratings is due to the solid cash flows associated with its contractual commitments, stable demand characteristics, strong market share and cost pass-through despite current weakened global economic environment. Crown's
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