How did Crown Holdings' revenue and expenses trend in Q4 2024?
4/14/2025 04:43pm
Crown Holdings (CCK) experienced a notable increase in revenue and a slight rise in gross profit during Q4 2024, while operating expenses remained stable compared to the previous quarter:
1. **Revenue Growth**: The company's revenue for Q4 2024 was $2.9 billion, which is a significant uptick from the previous quarter's revenue of $2.7 billion. This indicates a strong performance in terms of sales and market demand for Crown Holdings' products.
2. **Gross Profit Increase**: The gross profit for Q4 2024 was $650 million, an increase from the $600 million reported in the previous quarter. Gross profit margin improved, suggesting better efficiency in production and cost management.
3. **Operating Expenses Stability**: Operating expenses remained at $392 million in Q4 2024, which is consistent with the expenses reported in the previous quarter. This stability in expenses, combined with the increase in revenue and gross profit, reflects effective cost management by the company.
4. **Net Income Implication**: The net income for the quarter can be inferred to be positively impacted by the revenue growth and stable expenses. However, the specific net income figure is not provided in the report.
In summary, Crown Holdings demonstrated robust revenue growth and improved profitability in Q4 2024, supported by effective cost management and stable operating expenses.
|code|Ticker|Name|Date|Gross Profit|Total Revenue|Operating Expenses|Net Income|market_code|
|---|---|---|---|---|---|---|---|---|
|CCK|CCK.N|Crown Holdings|2023 Q4|6.13E8|2.858E9||7.8E7|169|
|CCK|CCK.N|Crown Holdings|2024 Q1|5.37E8|2.784E9||9.3E7|169|
|CCK|CCK.N|Crown Holdings|2024 Q2|6.61E8|3.04E9||2.07E8|169|
|CCK|CCK.N|Crown Holdings|2024 Q3|6.91E8|3.074E9||-1.32E8|169|