secwatch.observer — SEC 8-K summary
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Issuer:     SILGAN HOLDINGS INC (SLGN)
CIK:        0000849869
Form:       8-K
Filed at:   2023-10-25T23:59:59+00:00
Accession:  0000849869-23-000146
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/849869/000084986923000146/0000849869-23-000146-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/849869/000084986923000146/slgn-20231025.htm
  HTML page:      https://secwatch.observer/filing/0000849869-23-000146

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