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Sep 30, 2020
Silgan Q3 2020 Earnings Report
Silgan Holdings reported record third quarter earnings, driven by strong performance across all segments and increased full year earnings estimates.
Key Takeaways
Silgan Holdings Inc. reported record third quarter 2020 net income of $112.9 million, or $1.01 per diluted share, compared to $81.3 million, or $0.73 per diluted share, in the third quarter of 2019. Adjusted net income per diluted share was a record $1.04. Net sales for the third quarter of 2020 were $1.49 billion, an increase of 12.7 percent compared to the same period in the prior year.
Record net income of $1.01 per diluted share, a 38% increase over the prior year quarter
Record adjusted net income of $1.04 per diluted share, a 37% increase over the prior year quarter
Record income before interest and income taxes of $174.0 million
Achieved record segment volume in each of the businesses
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 increased its estimate of adjusted net income per diluted share for the full year of 2020 to a range of $2.92 to $2.97 from a range of $2.70 to $2.85.
Revenue & Expenses
Visualization of income flow from segment revenue to net income