secwatch.observer — SEC 8-K summary
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Issuer:     SILGAN HOLDINGS INC (SLGN)
CIK:        0000849869
Form:       8-K
Filed at:   2024-07-31T23:59:59+00:00
Accession:  0000849869-24-000120
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Silgan Q2 adjusted EPS $0.88 beats $0.83 YoY; confirms FY guidance and acquires Weener
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/849869/000084986924000120/0000849869-24-000120-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/849869/000084986924000120/slgn-20240731.htm
  HTML page:      https://secwatch.observer/filing/0000849869-24-000120

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