secwatch.observer — SEC 8-K summary
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Issuer:     SILGAN HOLDINGS INC (SLGN)
CIK:        0000849869
Form:       8-K
Filed at:   2024-01-31T23:59:59+00:00
Accession:  0000849869-24-000004
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Silgan Q4/FY2023 adj. EPS $0.63/$3.40; guides FY2024 adj. EPS $3.55-$3.75
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/849869/000084986924000004/0000849869-24-000004-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/849869/000084986924000004/slgn-20240131.htm
  HTML page:      https://secwatch.observer/filing/0000849869-24-000004

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