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Crown Holdings reaffirms full-year outlook



By AP
08 September 2008 @ 06:15 pm ET

PHILADELPHIA - Crown Holdings Inc., a packaging and beverage can maker, on Monday said it will reaffirm its fiscal year guidance at the Wachovia Securities and Key Banc Conferences in New York and Boston, respectively.

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The company expects segment income will grow by 24 percent to 28 percent in 2008 to a range of about $800 million to $820 million.

Free cash flow is expected to total between $350 million to $390 million, after expected capital expenditures of $185 million.

Crown Holdings said that taking into account the daily average foreign currency exchange rates for the six months ended June 30, the company will book a currency-related gain of 4 cents per share for the period.

The Wachovia conference is Tuesday and the Keybanc conference is Wednesday.

Copyright 2009 The Associated Press. All rights reserved.
This material may not be published, broadcast, rewritten or redistributed.

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