Silgan Q1 adjusted EPS $0.69 at high end of range; confirms FY 2024 outlook $3.55-$3.75

SILGAN HOLDINGS INC

2024-Q1 EPS reported $0.52 revenue$1,317,038,000

Q1 net sales $1.32B, down 7% YoY; net income $55.2M ($0.52 diluted) vs $72.0M ($0.65) YoY.
Adjusted EPS $0.69 vs $0.78 YoY; guidance high end achieved; Q2 estimate $0.82-$0.92.
Dispensing/Specialty Closures sales fell 8% due to customer destocking; Metal Containers down 8%.
FY 2024 adjusted EPS confirmed $3.55-$3.75; free cash flow estimate ~$375M; $50M cost program on track.
Expects improving demand trends in Q2; volumes in all segments expected higher vs 2023.

item 2.02 item 9.01

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Earnings Releases SEC 8-K Item 2.02 confidence 1.0

SILGAN HOLDINGS INC reported three month period ended March 31, 2024 results: revenue $1.32 billion, net income $55.2 million, EPS $0.52 per diluted share. Guidance reaffirmed.

Period: three month period ended March 31, 2024
Revenue: $1.32 billion
Net income: $55.2 million
EPS: $0.52 per diluted share
Guidance: reaffirmed
Result: reported results

Exact text from the filing

Silgan Holdings Inc. (NYSE: SLGN), a leading supplier of sustainable rigid packaging solutions for the world's essential consumer goods products, today reported first quarter 2024 net sales of $1.32 billion and net income of $55.2 million, or $0.52 per diluted share

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Source: SEC EDGAR

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