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2004annualfinal
The 2004 annual report of Crown Holdings, Inc. provides financial highlights and a letter to shareholders. Key details include: - Net sales grew 8.6% to $7.2 billion in 2004, with segment income up 31.3% and net income of $51 million compared to a loss of $32 million in 2003. - Free cash flow was $266 million in 2004, down from $314 million in 2003 but supporting debt reduction. - All operating divisions saw sales, segment income, and margin growth in 2004 both with and without currency effects. - Research and development led to numerous new product innovations helping drive further business improvements. - The report outlines goals to continue strengthening operations and pursuing growth opportunities
