Silgan Q2 net income falls to $75.8M ($0.72 EPS) from $89.0M; adjusted EPS $0.98

SILGAN HOLDINGS INC

Net sales $1.64B (+7% YoY); net income $75.8M ($0.72 EPS) vs $89.0M ($0.83 EPS) prior year.
Adjusted EPS $0.98 vs $1.01 prior year; rationalization charges $18.2M.
Dispensing & Specialty Closures EBIT $85.5M; high single digit volume growth in fragrance markets.
Metal Containers EBIT $55.4M; high single digit volume growth in pet food; new long-term supply agreement with vegetable customer.
Custom Containers EBIT $25.5M; profit growth and new long-term business awards.

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