Silgan Announces Strongest Quarterly Performance in Company History; Further Raises Full Year Outlook for Earnings and Cash Generation

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Go back to Silgan Announces Strongest Quarterly Performance in Company History; Further Raises Full Year Outlook for Earnings and Cash Generation

Silgan Holdings (SLGN) Tops Q2 EPS by 20c, Revenues Beat; Raises FY20 EPS Guidance Above Consensus

July 22, 2020 7:18 AM EDT

Silgan Holdings (NASDAQ: SLGN) reported Q2 EPS of $0.85, $0.20 better than the analyst estimate of $0.65. Revenue for the quarter came in at $1.18 billion versus the consensus estimate of $1.12 billion.

Highlights

Record net income of $0.70 per diluted shareRecord adjusted net income of $0.85 per diluted shareRecord income before interest and taxes of $131.2 millionRecord segment income for each of the businessesSecond sequential quarter of record volumes in the metal container businessRecord volumes for any quarter in the plastic container businessSuccessfully kept all plants operational during global... More