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Sep 30, 2021
Silgan Q3 2021 Earnings Report
Silgan reported third quarter earnings and raised estimate of cash generation, anticipating continued growth in 2022.
Key Takeaways
Silgan Holdings Inc. reported third quarter 2021 net income of $106.3 million, or $0.96 per diluted share, as compared to third quarter 2020 net income of $112.9 million, or $1.01 per diluted share. Adjusted net income per diluted share for the third quarter of 2021 was $1.02, after adjustments increasing net income per diluted share by $0.06.
Net income of $0.96 per diluted share
Adjusted net income of $1.02 per diluted share
Achieved record third quarter volume in Dispensing and Specialty Closures
Achieved highest ever volumes in Metal Containers
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 tightened its estimate of adjusted net income per diluted share for the full year of 2021 from a range of $3.30 to $3.45 to a range of $3.30 to $3.40, a 9.5 percent increase at the midpoint of such range over record adjusted net income per diluted share of $3.06 in 2020. In addition, the Company increased its free cash flow estimate for 2021 by 12.5 percent from $400 million to $450 million.
Revenue & Expenses
Visualization of income flow from segment revenue to net income