Silgan Announces Third Quarter Earnings; Maintains and Tightens Full Year Earnings Outlook

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Go back to Silgan Announces Third Quarter Earnings; Maintains and Tightens Full Year Earnings Outlook

UPDATE: Silgan Holdings (SLGN) Reports In-Line Q3 EPS; Narrows FY19 EPS Guidance, Q4 EPS Views Below Consensus

October 23, 2019 7:07 AM EDT

(Updated - October 23, 2019 7:09 AM EDT)

Silgan Holdings (NASDAQ: SLGN) reported Q3 EPS of $0.76, in-line with the analyst estimate of $0.76. Revenue for the quarter came in at $1.32 billion versus the consensus estimate of $1.32 billion.

We delivered third quarter 2019 adjusted net income per diluted share of $0.76, in line with our estimates and matching our record performance for the same period in the prior year in spite of a $0.03 non-cash pension headwind in 2019. We fell short of the high end of our expectations largely as a result of pack related shortfalls and challenging economic... More