Silgan Announces Record First Quarter Earnings; Confirms Full Year Earnings Guidance

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Go back to Silgan Announces Record First Quarter Earnings; Confirms Full Year Earnings Guidance

Silgan Holdings (SLGN) Tops Q1 EPS by 5c, Revenues Beat; Offers 2Q EPS View Below Consensus, Confirms FY21 EPS Outlook

April 28, 2021 7:18 AM EDT

Silgan Holdings (NASDAQ: SLGN) reported Q1 EPS of $0.75, $0.05 better than the analyst estimate of $0.70. Revenue for the quarter came in at $1.26 billion versus the consensus estimate of $1.2 billion.

Highlights

Record net income of $0.66 per diluted shareRecord adjusted net income of $0.75 per diluted shareVolume increases of 9 percent in each of the Dispensing and Specialty Closures segment and Metal Container segmentIssued $500 million of 1.4% Senior Secured Notes due 2026Increased cash dividend per share by 16.7 percent

We are very pleased to report continued record financial performance in the... More