Published on 25 Jan 2023 on Zacks via Yahoo Finance

Silgan (SLGN) Q4 Earnings Top Estimates, Sales Rise Y/Y

Silgan Holdings Inc. SLGN reported adjusted earnings of 84 cents per share in fourth-quarter 2022, beating the Zacks Consensus Estimate of 81 cents per share. The bottom line increased 6% year over year.

Including one-time items, earnings were 22 cents per share compared with 76 cents per share reported in the prior-year quarter.Total revenues increased year over year to $1,455 million from the prior-year quarter’s $1,439 million. The top line missed the Zacks Consensus Estimate of $1,547 million. The upside was driven by the pass-through of higher raw material and other manufacturing costs; improved unit volumes across the Dispensing and Specialty Closures, and Metal Container segments, and a favorable mix of products sold in the Metal Container and Custom Container segments. These were partly offset by lower volumes across all segments and the unfavorable impacts of foreign currency translation.

Costs and Margins