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Stock impact report

Silgan (SLGN) Q1 Earnings Beat Estimates, Revenues Dip Y/Y [Yahoo! Finance]

Silgan Holdings Inc. (SLGN) 
Last silgan holdings inc. earnings: 4/22 07:15 am Check Earnings Report
Company Research Source: Yahoo! Finance
The bottom line decreased 12% year over year but was within the company's guidance of 60-70 cents. The decline reflected weaker volume performance across all its segments attributed to customer destocking. Including one-time items, earnings were 52 cents per share compared with 65 cents in the prior-year quarter. Total revenues decreased 7% year over year to $1.32 billion from the prior-year quarter's $1.42 billion, reflecting declining volumes and the pass-through of lower raw material costs. The top line missed the Zacks Consensus Estimate of $1.37 billion. Silgan Holdings Inc. Price, Consensus and EPS Surprise Silgan Holdings Inc. price-consensus-eps-surprise-chart | Silgan Holdings Inc. Quote Costs and Margins In first-quarter 2024, the cost of goods sold decreased 7% year over year to $1.09 billion. The gross profit decreased 6.1% to $223.5 million. The gross margin was 17% compared with the prior-year quarter's 16.8%. Selling, general and administrative expenses we Show less Read more
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