earnings
confidence high
sentiment neutral
materiality 0.60
Silgan Q1 adjusted EPS $0.78 versus $0.79 prior year; confirms FY2023 guidance $3.95-$4.15
SILGAN HOLDINGS INC
2023-Q1 EPS reported
$0.65
revenue$1,418,281,000
- Net sales $1.42B (-2% YoY); net income $72.0M ($0.65 diluted) vs $84.9M ($0.76) prior year.
- Dispensing & Specialty Closures adjusted EBIT down $13.6M to $82.9M on resin cost lag; Metal Containers EBIT up $19.5M to $52.4M on volume growth.
- Q2 2023 adjusted EPS guided $0.85-$0.95, down from record $1.09, due to higher interest, Russia comparables, and resin pass-through timing.
- Full-year free cash flow expected ~$425M up from $368.2M; capex ~$250M; interest expense ~$155M.
- Double-digit volume growth in fragrance/beauty dispensing; 3% organic volume growth in metal containers for pet food, soup, vegetables.