Silgan Holdings (SLGN) Misses Q3 EPS by 3c, Updates Guidance

Silgan Holdings (NASDAQ: SLGN) reported Q3 EPS of $1.02, $0.03 worse than the analyst estimate of $1.05. Revenue for the quarter came in at $1.65 billion versus the consensus estimate of $1.6 billion.

GUIDANCE:

Silgan Holdings sees FY2021 EPS of $3.30-$3.40, versus the consensus of $3.39.

• The Company tightened its estimate of adjusted net income per diluted share for the full year of 2021 from a range of $3.30 to $3.45 to a range of $3.30 to $3.40, a 9.5 percent increase at the midpoint of such range over record adjusted net income per diluted share of $3.06 in 2020. In addition, the Company increased its free cash flow estimate for 2021 by 12.5 percent from $400 million to $450 million.
• The Company is also providing an estimate of adjusted net income per diluted share for the fourth quarter of 2021 in the range of $0.69 to $0.79, as compared to $0.60 in the fourth quarter of 2020.

For earnings history and earnings-related data on Silgan Holdings (SLGN) click here.

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