US Can can’t go wrong with first quarter earnings

US Can can’t go wrong with first quarter earnings

US Can on Tuesday, May 17, reported that its first quarter net sales rose 8% year on year to $230.4 million. The company posted gross profit of $32 million compared to $19.4 million in Q1 of 2004. US Can attributed their excellent earnings to things such as increased aerosol and plastics products volume, cost reduction programs, and better pricing as a result of higher raw materials costs. US Can Corporation is a top manufacturer of steel containers for personal care, household, automotive, and other uses in the United States and Europe.