Silgan Q3 adjusted EPS $1.16, down YoY; lowers FY2023 guidance to $3.30-$3.40

SILGAN HOLDINGS INC

2023-Q3 EPS reported $2.38 revenue$4,648,109,000

Q3 net sales $1.80B (-9% YoY); net income $110.6M ($1.02 GAAP EPS); adjusted EPS $1.16 vs $1.28 prior year.
Revises FY2023 adjusted EPS guidance to $3.30-$3.40 from $3.40-$3.60; Q4 guided $0.55-$0.65 (vs $0.85).
Announces $50M cost reduction program over two years via footprint rationalization; expects earnings growth in 2024.
YTD share repurchases $175M; on track to return over $250M to shareholders in 2023 including dividends.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

SILGAN HOLDINGS INC reported third quarter of 2023 results: revenue $1.80 billion, net income $110.6 million, EPS $1.02 per diluted share.

Period: third quarter of 2023
Revenue: $1.80 billion
Net income: $110.6 million
EPS: $1.02 per diluted share
Result: reported results

Exact text from the filing

Inc. (NYSE: SLGN), a leading supplier of sustainable rigid packaging solutions for the world's essential consumer goods products, today reported third quarter 2023 net sales of $1.80 billion and net income of $110.6 million, or $1.02 per diluted share, as compared to record third quarter 2022 net sales of $1.97 billion and net income of $138.7 million, or $1.25 per

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Source: SEC EDGAR

accession 0000849869-23-000146

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