secwatch.observer — SEC 8-K summary
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Issuer:     SILGAN HOLDINGS INC (SLGN)
CIK:        0000849869
Form:       8-K
Filed at:   2023-07-26T23:59:59+00:00
Accession:  0000849869-23-000123
Event type: earnings
Sentiment:  negative
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Silgan Q2 adjusted EPS $0.83, misses prior year; cuts 2023 guidance to $3.40-$3.60
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- Q2 net sales $1.43B (-8% YoY); GAAP net income $78.9M ($0.71 diluted) vs $92.7M ($0.83) last year.
- Adjusted EPS $0.83 (down from record $1.09); adjustments added $0.12 per share.
- Dispensing & Specialty Closures adjusted EBIT fell $23.4M to $76.9M; Metal Containers rose $12.2M to $75.7M.
- Full-year 2023 adjusted EPS guidance cut to $3.40-$3.60 from $3.95-$4.15; free cash flow estimate reduced to ~$375M.
- Drivers: customer inventory management, higher interest costs, labor challenges at a U.S. food/bev closures facility (~$10M impact).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/849869/000084986923000123/0000849869-23-000123-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/849869/000084986923000123/slgn-20230726.htm
  HTML page:      https://secwatch.observer/filing/0000849869-23-000123

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer