Crown Holdings, Inc. Reports a Decrease in Net Income for the First Quarter of 2023
Revenue Declines in the First Quarter of 2023 for Crown Holdings, Inc.
By USInMinutes
Published - Jul 25, 2023, 02:33 PM ET
Last Updated - Jul 25, 2023, 02:33 PM EDT
Crown Holdings, Inc. (CCK), a leading global supplier of packaging products, has released its unaudited consolidated financial statements for the first quarter ended March 31, 2023. The company reported a decrease in net income compared to the same period last year, along with a decline in revenue.
Net Income/Loss: Decrease in Net Income
During the first quarter of 2023, Crown Holdings recorded a net income of $122 million, a significant decline from the net income of $246 million achieved in the first quarter of 2022. This decrease in net income reflects the challenging market conditions and other factors impacting the company's performance during the quarter.
