Silgan Holdings sees FY24 adjusted EPS $3.55-$3.75, consensus $3.61

Volumes in the Dispensing and Specialty Closures and Metal Containers segments for 2024 are expected to be higher than 2023 levels, and volumes in the Custom Containers segment are expected to be comparable to the prior year. Adjusted net income per diluted share excludes certain items as outlined in Table C at the back of this press release. The Company anticipates interest and other debt expense in 2024 of approximately $170 million and an effective tax rate for 2024 of approximately 24 – 25%. The Company currently estimates that free cash flow in 2024 will be approximately $375 million as compared to $356.7 million in 2023. Capital expenditures are expected to be approximately $240 million in 2024.