Silgan Holdings reports Q1 adjusted EPS 78c, consensus 77c

Reports Q1 revenue $1.42B, consensus $1.45B. "We’re pleased with our Q1 performance and solid start to the year, as our businesses continued to deliver strong operating performance and successfully overcame headwinds of approximately 15c per diluted share from non-operating items of interest expense and foreign currency translation and from the timing of resin cost fluctuations in Q1," said CEO Adam Greenlee. "As we look to the full year of 2023, while the timing of our earnings growth will be more weighted to the second half of the year when the year-over-year impact of these headwinds are expected to ease, we are on track to deliver another year of strong organic adjusted EBIT growth, are confirming our estimate of 2023 adjusted EPS in the range of $3.95- $4.15, and believe Silgan is well positioned to continue to deliver significant value for shareholders in 2023 and beyond."