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-0.000428724544480238 -0.0016077170418007 -0.00278670953912117 -0.00428724544480178 -0.0137191854233655 -0.0190782422293676 -0.0235798499464095 -0.00943193997856388
Stock impact report

Silgan Shares Higher on Better-Than-Expected EPS [MarketWatch]

Silgan Holdings Inc. (SLGN) 
Last silgan holdings inc. earnings: 4/22 07:15 am Check Earnings Report
Company Research Source: MarketWatch
The stock increased 7% Wednesday to $46.73 a share the morning after the company announced its results for the quarter ended Dec. 31. The stock is down 13% over the past 12 months. Advertisement Stamford, Conn.-based Silgan on Wednesday reported net income of $64.4 million, or 60 cents a share, compared with $24.6 million, or 22 cents a share in the year-ago quarter. Analysts polled by FactSet were expecting 58 cents a share. The company reported $1.34 billion in revenue from $1.46 billion in the year-ago quarter. Analysts polled by FactSet were expecting $1.39 billion. The company said it will deliver $50 million in cost reductions over the next two years as it sees tends improve for destocking, the trend of companies reducing their inventories and therefore their packaging needs. "We have seen early signs of recovery in certain categories from the customer destocking activities that impacted 2023, and we expect these favorable trends to continue to improve during the firs Show less Read more
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