Benzinga | Oct 21, 2020 07:29AM EDT

Silgan Holdings: Q3 Earnings Insights

Shares of Silgan Hldgs (NASDAQ:SLGN) remained unaffected in pre-market trading after the company reported Q3 results.

Quarterly Results

Earnings per share increased 36.84% over the past year to $1.04, which beat the estimate of $0.95.

Revenue of $1,489,000,000 rose by 12.72% year over year, which beat the estimate of $1,480,000,000.

Looking Ahead

Silgan Hldgs hasn't issued any earnings guidance for the time being.

Silgan Hldgs hasn't issued any revenue guidance for the time being.

Details Of The Call

Date: Oct 21, 2020

Time: 11:00 AM

ET Webcast URL: https://silganholdingsinc.gcs-web.com/

Recent Stock Performance

Company's 52-week high was at $40.44

52-week low: $24.64

Price action over last quarter: Up 1.66%

Company Overview

Silgan Holdings manufactures about half of the metal food containers in North America. Its major customers include Campbell Soup, Nestle, and Del Monte. Silgan is looking for more merger and acquisition opportunities in the European metal packaging market and in plastic packaging. Silgan's other business segments include plastic containers for personal and healthcare products and a closures business that manufactures metal and plastic lids and caps.