earnings
confidence high
sentiment positive
materiality 0.70
Silgan Q2 adjusted EPS $0.88 beats $0.83 YoY; confirms FY guidance and acquires Weener
SILGAN HOLDINGS INC
2024-Q2 EPS reported
$1.23
revenue$2,698,403,000
- Q2 adjusted EPS $0.88, up from $0.83 YoY; GAAP EPS $0.71; revenue $1.38B down 3% on raw material pass-through.
- Dispensing & Specialty Closures Adjusted EBIT +$15.8M to $92.7M; double-digit volume growth in dispensing products.
- Metal Containers Adjusted EBIT -$17.2M to $58.5M due to lower fixed cost absorption from customer destocking.
- Reaffirms FY2024 adjusted EPS $3.55-$3.75; Q3 guidance $1.20-$1.30; free cash flow ~$375M.
- Announced agreement to acquire Weener Packaging to further expand global dispensing business.