AP NEWS

Silgan: 3Q Earnings Snapshot

October 23, 2019

STAMFORD, Conn. (AP) _ Silgan Holdings Inc. (SLGN) on Wednesday reported third-quarter earnings of $81.3 million.

On a per-share basis, the Stamford, Connecticut-based company said it had net income of 73 cents. Earnings, adjusted for non-recurring costs and to extinguish debt, came to 76 cents per share.

The results met Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was also for earnings of 76 cents per share.

The packaging products supplier posted revenue of $1.32 billion in the period, also meeting Street forecasts.

For the current quarter ending in December, Silgan expects its per-share earnings to range from 34 cents to 39 cents.

The company expects full-year earnings in the range of $2.12 to $2.17 per share.

Silgan shares have risen 31% since the beginning of the year. The stock has climbed 19% in the last 12 months.

_____

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SLGN at https://www.zacks.com/ap/SLGN