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Taking full advantage of the stock market and investing with confidence are common goals for new and old investors, and Zacks Premium offers many different ways to do both. The research service features daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, all of which will help you become a smarter, more confident investor. Zacks Premium includes access to the Zacks Style Scores as well. What are the Zacks Style S ...

Taking full advantage of the stock market and investing with confidence are common goals for new and old investors, and Zacks Premium offers many different ways to do both. The research service features daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, all of which will help you become a smarter, more confident investor. Zacks Premium also includes the Zacks Style Scores. What are the Zacks Style Scores? Develo ...

Core Points - Silgan Holdings Inc. reported adjusted earnings of 88 cents per share for Q2 2024, exceeding the Zacks Consensus Estimate of 87 cents and reflecting a 6% year-over-year improvement [1] - Total revenues decreased by 3.2% year over year to $1.38 billion, missing the Zacks Consensus Estimate of $1.43 billion due to lower raw material costs [2] - The company expects adjusted EPS for 2024 to be between $3.55 and $3.75, with anticipated volume improvements across all segments [9] Financial Performance - The cost of goods sold decreased by 4.4% year over year to $1.13 billion, while gross profit increased by 2.4% to $256 million, resulting in a gross margin of 18.5% compared to 17.5% in the prior year [3] - Adjusted operating profit for Q2 2024 was $165 million, a 2.8% increase from $161 million in the prior year, with an adjusted operating margin of 12% compared to 11.3% [4] Segmental Performances - The Dispensing and Specialty Closures segment saw revenues increase by 1% year over year to $565 million, with adjusted operating income rising to $93 million from $77 million [5] - The Metal Containers segment experienced an 8% decline in revenues to $651 million, with adjusted operating income falling by 22.7% to $58.5 million [6] - The Custom Containers segment reported revenues of $165 million, up from $156 million, with adjusted operating income increasing to $22.5 million from $18.5 million [7] Cash Flow & Position - At the end of Q2 2024, the company had cash and cash equivalents of $303 million, down from $643 million at the end of 2023, with cash used in operating activities amounting to $527 million in the first half of 2024 [8] Price Performance - Silgan's shares have increased by 11.2% over the past year, outperforming the industry's growth of 10.4% [10]

It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $1.29 on $1.86 billion in revenues for the coming quarter and $3.66 on $6.05 billion in revenues for the current fiscal year. This metal packaging company is expected to post quarterly earnings of $0.73 per share in its upcoming report, which represents a year-over-year change of +19.7%. The consensus EPS estimate for the quarter has been revised 0.6% hi ...

While the sustainability of the immediate price change and future earnings expectations will mostly depend on management's discussion of business conditions on the earnings call, it's worth handicapping the probability of a positive EPS surprise. Analysts often consider to what extent a company has been able to match consensus estimates in the past while calculating their estimates for its future earnings. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number. ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ________________ to ________________ Commission file number 001-41459 SILGAN HOLDINGS INC. (Exact name of Registrant as specified in its charter) Delaware 06- ...

Silgan Holdings Inc. Exhibit 99.1 SILGAN ANNOUNCES FIRST QUARTER 2024 RESULTS Highlights STAMFORD, CT, May 1, 2024 -- Silgan Holdings Inc. (NYSE: SLGN), a leading supplier of sustainable rigid packaging solutions for the world's essential consumer goods products, today reported first quarter 2024 net sales of $1.32 billion and net income of $55.2 million, or $0.52 per diluted share, as compared to first quarter 2023 net sales of $1.42 billion and net income of $72.0 million, or $0.65 per diluted share. Adju ...

Silgan Holdings Inc. (NYSE:SLGN) Q1 2024 Earnings Conference Call May 1, 2024 11:00 AM ET Company Participants Alex Hutter - Vice President, Investor Relations Adam Greenlee - President and CEO Bob Lewis - Executive Vice President, Corporate Development and Administration Kim Ulmer - Senior Vice President and CFO Conference Call Participants Ghansham Panjabi - Baird Gabe Hadje - Wells Fargo Securities George Staphos - Bank of America Daniel Rizzo - Jefferies Matt Roberts - Raymond James Mike Roxland - Truis ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 001-41459 SILGAN HOLDINGS INC. (Exact name of Registrant as specified in its charter) (State or other jurisdiction of incorporation or orga ...