SLGN - Why Silgan Holdings Shares Are Rising Today | Benzinga
Silgan Holdings Inc. (NYSE:SLGN) shares are trading higher on Wednesday.
The Connecticut-based manufacturing company that produces consumer goods packaging reported adjusted EPS of $0.63, beating the analyst consensus of $0.58.
Net sales for the fourth quarter of 2023 were $1.34 billion, down 8% year over year owing to lower volumes. Sales missed the analyst consensus of $1.39 billion.
Net sales of the Dispensing and Specialty Closures segment decreased 3%. Volumes decreased due to customer destocking activities in food and beverage markets and double-digit declines in higher volume ...