NASDAQ$SLGN

Silgan Holdings Inc · Q1 2022 earnings

Q1 2022 earnings · · Investor relations

Briefing

Reported record first quarter earnings and raised full year earnings estimate.

Silgan Holdings Inc. reported a record first quarter with net income of $84.9 million, or $0.76 per diluted share, and adjusted EPS of $0.78 per diluted share. Revenues grew significantly in each business segment, and the company is raising its full year 2022 adjusted EPS guidance.

  • Record earnings per diluted share (EPS) of $0.76, an increase of 15% over the prior year quarter
  • Record adjusted EPS of $0.78 per diluted share
  • Achieved record revenue in each business segment
  • Increased cash dividend per share by 14.3%

Headline financials

Total Revenue

$1.44B

Previous: $1.24B+16.5%
EPS (adj)

$0.78

Previous: $0.75+4.0%
Capital Expenditures

-$68.5M

Previous: -$68.8M+0.4%
Free Cash Flow

$16.4M

Previous: $4.52M+262.7%
Net Income

$84.9M

Previous: $73.3M+15.8%
Operating Income

$64.5M

Previous: $54.2M+19.0%
Gross Profit

$233M

Previous: $221M+5.4%
Cash & Equivalents

$260M

Previous: $190M+36.5%
Total Assets

$7.71B

Previous: $6.44B+19.7%

Revenue & EPS history

Silgan · Revenue · Quarterly

$1.44B

Q1 2022+16.5%vs Q1 2021
Beat estimate in 13 of 16 quarters(81%)
ActualEstimate

Revenue by segment

Silgan · $1.44B total across 3 segments · Q1 2022

  • Metal Containers
    $651M+17.4%
  • Dispensing & Specialty Closures
    $598M+17.4%
  • Custom Containers
    $193M+10.6%

Forward guidance

The Company raised its estimate of adjusted net income per diluted share for the full year of 2022 to a range of $3.90 to $4.05. The Company is also providing an estimate of adjusted net income per diluted share for the second quarter of 2022 in the range of $0.90 to $1.00.

Tailwinds

  • continued strong performance from recent acquisitions
  • the ability to successfully pass through raw material and other cost inflation
  • customers’ ability to gradually increase output as they address their supply chain and labor challenges
  • ongoing operating efficiencies in each of the segments
  • benefits from recent acquisitions

Headwinds

  • unfavorable impact of recent increases in resin costs
  • supply chain challenges
  • labor challenges
  • rationalization charges
  • loss on early extinguishment of debt

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2022

Historical avgQ1 2022

-0.2%

Avg return

Earnings day

+0.5%

Avg return

5 days after

+0.7%

Avg return

30 days after

54%

37 / 68 earnings

Positive

+9.6%

Q4 2025

Best reaction

-13.6%

Q3 2025

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+1.6%+1.3%-3.2%
Q4 2025+9.6%+11.2%+1.5%
Q3 2025-13.6%-13.1%-11.4%
Q1 2025-1.5%+4.0%+5.0%
Q4 2024+5.2%+3.4%+2.5%
Q3 2024+1.9%+4.5%+13.3%
Q2 2024+8.1%-0.7%+7.2%
Q1 2024-2.7%-0.0%+1.3%
Q4 2023+6.3%+2.5%+0.2%
Q3 2023-3.3%-3.5%+2.1%
Q2 2023-11.2%-10.2%-7.9%
Q1 2023-9.4%-7.0%-13.0%
Q4 2022+4.7%+3.9%+6.1%
Q3 2022+4.1%+5.4%+18.2%
Q2 2022+5.8%+5.2%+10.8%
Q1 2022+2.9%+2.0%+2.3%
Q4 2021+2.0%+7.7%-0.3%
Q3 2021+3.4%+2.4%+8.7%
Q2 2021+2.0%+1.0%+7.6%
Q1 2021-1.8%-1.3%-2.3%
Q4 2020-2.2%-0.8%+3.9%
Q3 2020-7.7%-8.8%-11.1%
Q2 2020+7.6%+7.9%+6.3%
Q1 2020+3.9%+7.5%-0.2%
Q4 2019-1.7%-1.9%-6.7%
Q3 2019-1.8%+0.1%-1.3%
Q2 2019+0.3%+1.9%-2.3%
Q1 2019-2.8%-1.7%-1.9%
Q4 2018+3.6%+6.2%+7.6%
Q3 2018-11.3%-11.2%-5.1%
Q2 2018+0.1%+1.7%+1.7%
Q1 2018+6.1%+3.4%+2.8%
Q4 2017+3.2%+1.7%-3.3%
Q3 2017+3.3%+1.6%-0.3%
Q2 2017-3.3%-5.0%-7.3%
Q1 2017+2.8%+1.4%+4.5%
Q4 2016+1.8%+1.9%+0.9%
Q3 2016+2.0%+0.6%-0.8%
Q2 2016-5.0%-5.3%-9.5%
Q1 2016-3.6%
Q4 2015+1.4%
Q3 2015-6.8%
Q2 2015-0.5%
Q1 2015-5.4%
Q4 2014+5.3%
Q3 2014-2.9%
Q2 2014-0.4%
Q1 2014-1.8%
Q4 2013+0.8%
Q3 2013-8.3%
Q2 2013-3.2%
Q1 2013-1.6%
Q4 2012+1.4%
Q3 2012+1.0%
Q2 2012-5.5%
Q1 2012-1.0%
Q4 2011+0.2%
Q3 2011-2.0%
Q2 2011+5.0%
Q1 2010-0.3%
Q4 2010-0.3%
Q1 2011+1.5%
Q4 2008-1.5%
Q3 2010+0.5%
Q3 2009+0.5%
Q4 2009+1.2%
Q2 2009+1.2%
Q2 2010+1.2%

Discussion

Share your read of this quarter. Sign-in carries your eToro identity.

Join the conversation

Sign in with eToro to post your read of this quarter and vote on others'.

Sign in with eToro