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News Release Corporate Headquarters 770 Township Line Road Yardley , PA 19067 Highlights ● Yardley , PA - July 19 , 2021. Crown Holdings , Inc. ( NYSE : CCK ) today announced its financial results for the second quarter ended June 30 , 2021 . ● ● CROWN Brand - Building Packaging ™ CROWN HOLDINGS , INC . REPORTS STRONG SECOND QUARTER 2021 RESULTS Earnings per share $ 0.95 versus $ 0.94 in 2020 Adjusted earnings per share increased to $ 2.14 over the $ 1.33 in 2020 Global beverage can volumes grew 20 % Solid food can demand Repurchased $ 379 million in Company shares year to date through July 16 European Tinplate sale on schedule for expected Q3 closing ; reported as discontinued operations Net sales in the second quarter were $ 2,856 million compared to $ 2,137 million in the second quarter of 2020 reflecting increased beverage can and transit packaging sales unit volumes , the pass through of higher material costs and favorable currency translation of $ 125 million . Income from operations was $ 385 million in the second quarter compared to $ 208 million in the second quarter of 2020. Segment income was $ 395 million in the second quarter compared to $ 250 million in the prior year second quarter primarily due to increased sales unit volumes and $ 18 million of favorable currency translation . Commenting on the quarter , Timothy J. Donahue , President and Chief Executive Officer , stated , " The Company's performance during the second quarter continued to be strong , and Crown remains on track for another record year in earnings . Adjusted earnings per share and segment income increased 61 % and 58 % , respectively , and were largely fueled by beverage can volume growth of 20 % , as each global region recorded double - digit gains . Demand recovery has been robust in regions such as Brazil , throughout Europe , Mexico , the Middle East and Southeast Asia that previously had been adversely impacted by the pandemic . Each of our businesses performed very well commercially and operationally despite certain challenges posed by supply chain disruptions . The strong results delivered by Transit Packaging were driven by continuing improvement in global manufacturing activity and the achievement of several cost reduction initiatives . So far this year , the Company has repurchased $ 379 million of common stock , executing on our capital allocation strategy of returning cash to shareholders . " The Company previously announced an agreement to sell its European Tinplate business to KPS Capital Partners . The business comprises 44 manufacturing facilities in Europe , the Middle East and Africa that produce food cans and ends , aerosol cans , metal closures and promotional packaging for various consumer brands . We expect that the transaction will close during the third quarter of 2021. Net proceeds from the transaction will be used for debt reduction , beverage can capital projects and continued share repurchases over time . " To meet accelerating demand for beverage cans , the world's most recycled and sustainable beverage packaging , the Company is implementing several capacity expansion projects globally , which include both the construction of new plants and the addition of production lines to existing facilities . By the end of 2022 , we expect to have 97 billion units of annualized global beverage can capacity , an increase of 28 % , or 21 billion units , from the 2019 base . During the second quarter , the first line in our new Bowling Green , Kentucky facility began commercial shipments , with the second line expected to commence production during the third quarter . Also early in the fourth quarter , the Company will begin operation of a new one - line plant in Vung Tau , Vietnam as well as additional production lines in Olympia , Washington and Rio Verde , Brazil . Beverage cans now account for approximately 75 % of the Company's income from operations . " Interest expense was $ 68 million in the second quarter of 2021 compared to $ 73 million in 2020 primarily due to lower outstanding debt balances . Net income attributable to Crown Holdings in the second quarter was $ 128 million compared to $ 126 million in the second quarter of 2020 . Reported diluted earnings per share were $ 0.95 in the second quarter of 2021 compared to $ 0.94 in 2020. Adjusted diluted earnings per share increased to $ 2.14 over the $ 1.33 in 2020 .