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SLGNBearishEarningsnews
Materiality pending

Silgan (SLGN) Q1 Earnings Beat Estimates, Revenues Dip Y/Y

May 6, 2024, 3:05 PM EDT1 sourcesAI-analyzed

AI summary

What happened, with direct paths to the underlying reporting

- SLGN reported Q1 2024 EPS of 69 cents, below previous year but beat Zacks estimate. - Total revenues declined 7% to $1.32 billion, missing Zacks estimate. - Operating margins declined in all segments due to lower volumes from customer destocking. Price Impact Rating: Bearish Impact Horizon Rating: Short-term Type: Earnings

  • SLGN reported Q1 2024 EPS of 69 cents, below previous year but beat Zacks estimate.
  • Total revenues declined 7% to $1.32 billion, missing Zacks estimate.
  • Operating margins declined in all segments due to lower volumes from customer destocking.

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