In This Article:
Silgan Holdings (NYSE:SLGN) Full Year 2024 Results
Key Financial Results
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Revenue: US$5.85b (down 2.2% from FY 2023).
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Net income: US$276.4m (down 15% from FY 2023).
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Profit margin: 4.7% (down from 5.4% in FY 2023).
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EPS: US$2.59 (down from US$3.00 in FY 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Silgan Holdings EPS Misses Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 9.7%.
The primary driver behind last 12 months revenue was the Metal Containers segment contributing a total revenue of US$2.90b (50% of total revenue). Notably, cost of sales worth US$4.84b amounted to 83% of total revenue thereby underscoring the impact on earnings. The largest operating expense was General & Administrative costs, amounting to US$408.8m (56% of total expenses). Explore how SLGN's revenue and expenses shape its earnings.
Looking ahead, revenue is forecast to grow 4.1% p.a. on average during the next 3 years, compared to a 5.1% growth forecast for the Packaging industry in the US.
Performance of the American Packaging industry.
The company's share price is broadly unchanged from a week ago.
Risk Analysis
What about risks? Every company has them, and we've spotted 3 warning signs for Silgan Holdings (of which 1 is significant!) you should know about.
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