Silgan Holdings sees Q4 adjusted EPS 55c-65c, consensus 72c

Sees Q4 a low single digit volume decline in the Dispensing and Specialty Closures segment and a mid-single digit volume decline in the Metal Containers segment as compared to the prior year quarter, with customer destocking in the food and beverage and adjacent markets impacting volumes in the quarter. Volumes in the Custom Containers segment for the Q4 are expected to decline by a low single digit percentage compared to the prior year quarter due to customer destocking programs. The Company is providing an estimate of adjusted net income per diluted share for the Q4 in the range of 55c-65c, as compared to a record 85c in the Q4 of 2022.