Silgan Announces Record Second Quarter Earnings and Confirms Full Year Earnings Outlook

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Go back to Silgan Announces Record Second Quarter Earnings and Confirms Full Year Earnings Outlook

Silgan Holdings (SLGN) Reports In-Line Q2 EPS, Revenues Miss; Offers FY18 EPS Mid-Point Outlook Below Consensus

July 25, 2018 7:10 AM EDT

Silgan Holdings (NASDAQ: SLGN) reported Q2 EPS of $0.52, in-line with the analyst estimate of $0.52. Revenue for the quarter came in at $1.06 billion versus the consensus estimate of $1.07 billion.

Highlights

Record net income per share of $0.50Record adjusted net income per share increased 49 percent to $0.52Record second quarter segment income in the closures businessContinued improvement in the plastic container businessCompleted favorable amendment to senior secured credit facility

The second quarter of 2018 demonstrated the benefits of Silgans cash deployment model, as the Company delivered record... More