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crown holdings 2004annualfinal
The Crown Holdings 2004 Annual Report provides financial highlights and a letter to shareholders from the CEO. 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 net loss in 2003. - Free cash flow was $266 million in 2004, down from $314 million in 2003 but supporting ongoing debt reduction. - All operating divisions saw sales, segment income, and margin growth in 2004 despite currency impacts. - Research and development efforts continued to bring new products to market. - 2004 marked the conclusion of an initial turnaround phase with ongoing progress expected in 2005.
