Silgan Holdings sees Q1 adjusted EPS 60c-70c, consensus 72c

For the first quarter of 2024, the company expects the impact of customer destocking to continue to impact volumes, with a low single digit volume decline in the Dispensing and Specialty Closures and Metal Containers segments and a mid-to-high single digit volume decline in the Custom Containers segment as compared to the prior year period. The company is providing an estimate of adjusted net income per diluted share for the first quarter of 2024 in the range of $0.60 to $0.70, as compared to $0.78 in the first quarter of 2023