Silgan Holdings reports Q1 adjusted EPS 69c, consensus 65c

Reports Q1 revenue $1.32 B, consensus $1.37B. “The Silgan team delivered strong Q1 results at the high end of our guidance range, which continued to display the power of our diverse portfolio and winning long-term business strategy,” said CEO Adam Greenlee. “…Overall, we continue to see positive signs in each of our businesses with increased promotional activity at retail and improving demand trends. We remain focused on meeting the unique needs of our customers while actively managing what is within our control. We have made significant progress towards our $50 million cost reduction program and are confident in our ability to deliver $20M of cost savings in 2024. Importantly, we are on track to deliver our 2024 objectives and are encouraged with the opportunities that remain in 2024 and beyond”.