Silgan Announces Third Quarter 2023 Results

Silgan Holdings Inc. (NYSE: SLGN), a leading supplier of sustainable rigid packaging solutions for the world’s essential consumer goods products, today reported third quarter 2023 net sales of $1.80 billion and net income of $110.6 million, or $1.02 per diluted share, as compared to record third quarter 2022 net sales of $1.97 billion and net income of $138.7 million, or $1.25 per diluted share.

Adjusted net income per diluted share for the third quarter of 2023 was $1.16, after adjustments increasing net income per diluted share by $0.14. Adjusted net income per diluted share for the third quarter of 2022, which included $0.03 per diluted share from non-recurring income associated with Russia, was a record $1.28 after adjustments increasing net income per diluted share by $0.03.

“Our third quarter results continued to display the strength and breadth of our diverse portfolio, as we delivered our second highest quarterly earnings amidst challenging market conditions. Our high value dispensing business posted another record quarter, and trends in the third quarter developed largely as we expected,” said Adam Greenlee, President and CEO.
details at: https://s29.q4cdn.com/241493639/files/doc_financials/2023/q3/SLGN-Q3-2023-Earnings-Press-Release.pdf

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