Silgan Holdings (NYSE:SLGN) Second Quarter 2024 Results
Key Financial Results
- Revenue: US$1.38b (down 3.2% from 2Q 2023).
- Net income: US$76.1m (down 3.5% from 2Q 2023).
- Profit margin: 5.5% (in line with 2Q 2023).
- EPS: US$0.71 (down from US$0.72 in 2Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Silgan Holdings Revenues and Earnings Miss Expectations
Revenue missed analyst estimates by 3.4%. Earnings per share (EPS) also missed analyst estimates by 8.3%.
Looking ahead, revenue is forecast to grow 4.4% p.a. on average during the next 3 years, compared to a 5.3% growth forecast for the Packaging industry in the US.
Performance of the American Packaging industry.
The company's shares are up 12% from a week ago.
Risk Analysis
It is worth noting though that we have found 2 warning signs for Silgan Holdings (1 doesn't sit too well with us!) that you need to take into consideration.
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About NYSE:SLGN
Silgan Holdings
Manufactures and sells rigid packaging solutions for consumer goods products in the United States and internationally.
Established dividend payer and good value.