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Silgan: 4Q Earnings Snapshot

STAMFORD, Conn. (AP) _ Silgan Holdings Inc. (SLGN) on Tuesday reported fourth-quarter net income of $34.8 million.

The Stamford, Connecticut-based company said it had profit of 31 cents per share. Earnings, adjusted for non-recurring costs, came to 38 cents per share.

The results met Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was also for earnings of 38 cents per share.

The packaging products supplier posted revenue of $1.05 billion in the period, exceeding Street forecasts. Four analysts surveyed by Zacks expected $1.02 billion.

For the year, the company reported profit of $193.8 million, or $1.74 per share. Revenue was reported as $4.49 billion.

For the current quarter ending in April, Silgan expects its per-share earnings to range from 45 cents to 50 cents.

The company expects full-year earnings in the range of $2.28 to $2.38 per share.

Silgan shares have climbed 1% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $31.42, a rise of 19% in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SLGN at https://www.zacks.com/ap/SLGN