Loading...
•
Mar 31, 2022
Silgan Q1 2022 Earnings Report
Reported record first quarter earnings and raised full year earnings estimate.
Key Takeaways
Silgan Holdings Inc. reported a record first quarter with net income of $84.9 million, or $0.76 per diluted share, and adjusted EPS of $0.78 per diluted share. Revenues grew significantly in each business segment, and the company is raising its full year 2022 adjusted EPS guidance.
Record earnings per diluted share (EPS) of $0.76, an increase of 15% over the prior year quarter
Record adjusted EPS of $0.78 per diluted share
Achieved record revenue in each business segment
Increased cash dividend per share by 14.3%
Silgan
Silgan
Silgan Revenue by Segment
Revenue by Segment
Dispensing & Specialty Closures Revenue
CapyFin.comMetal Containers Revenue
CapyFin.comCustom Containers Revenue
CapyFin.com Forward Guidance
The Company raised its estimate of adjusted net income per diluted share for the full year of 2022 to a range of $3.90 to $4.05. The Company is also providing an estimate of adjusted net income per diluted share for the second quarter of 2022 in the range of $0.90 to $1.00.
Positive Outlook
- continued strong performance from recent acquisitions
- the ability to successfully pass through raw material and other cost inflation
- customers’ ability to gradually increase output as they address their supply chain and labor challenges
- ongoing operating efficiencies in each of the segments
- benefits from recent acquisitions
Challenges Ahead
- unfavorable impact of recent increases in resin costs
- supply chain challenges
- labor challenges
- rationalization charges
- loss on early extinguishment of debt
Revenue & Expenses
Visualization of income flow from segment revenue to net income