Revenue Performance:
- Q2 2024 Revenue: $3.054 billion (YoY: -1.77%, QoQ: +9.54%).
- Gross Profit: $552 million (YoY: -14.55%, QoQ: +27.19%).
Profitability Analysis:
- Operating Income: $402 million, with QoQ growth of 43.57%.
- Net Income: $174 million, demonstrating a quarterly escalation of 159.70%.
- Earnings Per Share (EPS): $1.45 (YoY: +10.69%, QoQ: +158.93%).
Balance Sheet Health:
- Total Assets: $14.858 billion with total liabilities at $11.881 billion, yielding a debt-to-equity ratio of 2.96.
- Cash position improved to $1.511 billion.
Cash Flow:
- Operating cash flow reported at $445 million, with free cash flow at $361 million, indicating strong liquidity and effective cash management strategies.
These metrics underscore improved financial health and operational efficiency contributing to the overall performance of Crown Holdings Inc in Q2 2024.