Silgan Announces New Records; Further Raises Full Year Earnings Estimates; Anticipates Continued Strength In 2021

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Go back to Silgan Announces New Records; Further Raises Full Year Earnings Estimates; Anticipates Continued Strength In 2021

Silgan Holdings (SLGN) Tops Q3 EPS by 9c, Revenues Beat; Raises FY20 EPS Guidance Above Consensus, Provides 4Q EPS Outlook

October 21, 2020 7:20 AM EDT

Silgan Holdings (NASDAQ: SLGN) reported Q3 EPS of $1.04, $0.09 better than the analyst estimate of $0.95. Revenue for the quarter came in at $1.49 billion versus the consensus estimate of $1.48 billion.

Highlights

Record net income of $1.01 per diluted share, a 38% increase over the prior year quarterRecord adjusted net income of $1.04 per diluted share, a 37% increase over the prior year quarterRecord income before interest and income taxes of $174.0 millionAchieved record segment volume in each of the businessesSegment income for closures and plastic container businesses at record levels

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