secwatch.observer — SEC 8-K summary
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Issuer:     SILGAN HOLDINGS INC (SLGN)
CIK:        0000849869
Form:       8-K
Filed at:   2024-05-02T23:59:59+00:00
Accession:  0000849869-24-000061
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/849869/000084986924000061/0000849869-24-000061-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/849869/000084986924000061/slgn-20240502.htm
  HTML page:      https://secwatch.observer/filing/0000849869-24-000061

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