8-K
filed January 31, 2024, 6:59 PM ET
ticker SLGN
CIK 0000849869
earnings
confidence high
sentiment positive
materiality 0.75
Silgan Q4/FY2023 adj. EPS $0.63/$3.40; guides FY2024 adj. EPS $3.55-$3.75
SILGAN HOLDINGS INC
2023-FY EPS reported
$2.98
revenue$5,988,205,000
- Q4 net sales $1.3B (-8% YoY); adj. EPS $0.63 vs $0.85 in record Q4 2022; full year adj. EPS $3.40 (second highest).
- Dispensing & Specialty Closures Q4 adj. EBIT $87.0M (+17% YoY); Metal Containers adj. EBIT $40.8M (-40% YoY).
- FY2024 adj. EPS guidance $3.55-$3.75 (7% YoY growth midpoint); free cash flow ~$375M; capex ~$240M.
- Announced multi-year $50M cost reduction program; returned >$250M to shareholders via buybacks and dividends in 2023.
- Q1 2024 adj. EPS guidance $0.60-$0.70 vs $0.78 Q1 2023; destocking continues in early 2024 across segments.
Key facts
Extracted from this filing and checked against the source text.
Earnings Releases
SEC 8-K Item 2.02
confidence 0.9
SILGAN HOLDINGS INC reported full year 2023 results: revenue $6.0 billion, net income $326.0 million, EPS $2.98 per diluted share.
- Period
- full year 2023
- Revenue
- $6.0 billion
- Net income
- $326.0 million
- EPS
- $2.98 per diluted share
- Result
- reported results
Exact text from the filing
reported full year 2023 net sales of $6.0 billion and net income of $326.0 million, or $2.98 per diluted share
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 0.9
SILGAN HOLDINGS INC reported fourth quarter of 2023 results: revenue $1.3 billion, net income $64.4 million, EPS $0.60 per diluted share.
- Period
- fourth quarter of 2023
- Revenue
- $1.3 billion
- Net income
- $64.4 million
- EPS
- $0.60 per diluted share
- Result
- reported results
Exact text from the filing
Net sales for the fourth quarter of 2023 were $1.3 billion, a decrease of $115.3 million, or 8%, as compared to the same period in the prior year predominantly as a result of lower volumes. Net income for the fourth quarter of 2023 was $64.4 million, or $0.60 per diluted share
View on SEC.gov
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