Welcome to our dedicated page for Silgan Holdings news (Ticker: $SLGN), a resource for investors and traders seeking the latest updates and insights on Silgan Holdings stock.
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Silgan Holdings Inc. declared a quarterly cash dividend of $0.19 per share, payable on June 17, 2024, to shareholders of record on June 3, 2024. The company has been consistently increasing its dividend for eighty-one quarters since 2004. Silgan is a leading supplier of sustainable rigid packaging solutions with annual net sales of around $6.0 billion in 2023.
Silgan Holdings Inc. announced its first quarter 2024 results, with adjusted EPS meeting high-end estimates, expecting demand improvement in Q2 2024. The company reported net sales of $1.32 billion and net income of $55.2 million, with adjusted net income per diluted share of $0.69. Progress on a $50 million cost reduction program was highlighted, along with full year estimates confirmation. Despite a decrease in net sales compared to Q1 2023, the company remains optimistic about future growth.