SILGAN ANNOUNCES RECORD FIRST-QUARTER EARNINGS AND RAISES EARNINGS GUIDANCE FOR THE REST OF THE YEAR

Silgan Holdings Inc, a leading provider of sustainable rigid packaging solutions for consumer goods products, has announced a profit for the first quarter of 2022 of nearly $84.9 million.

“Silgan continues to demonstrate the power of our portfolio with strong performance in dynamic economic circumstances, delivering another quarter of record adjusted earnings per diluted share of $0.78, up 4 percent from the prior year’s record first quarter and up 70 percent from the first quarter of 2019 before the pandemic,” says Adam Greenlee, president and CEO.

“Revenues grew significantly in each of our businesses as we successfully passed raw material and other cost inflation to market, and our teams did an outstanding job mitigating other inflationary elements through improved productivity and operational efficiencies. Our metal container segment volumes have stabilized well above pre-pandemic levels,” says Greenlee.

“As we look ahead to the full year of 2022, we see further growth opportunities as we benefit from our deep customer relationships, stronger than anticipated performance from our recent acquisitions and leveraging our broad operating footprint to improve our performance for the year. As a result, we are lifting our earnings which represents a 17% increase over 2021,” concludes Greenlee.