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BUZZ-Silgan Holdings jump on Q4 profit beat

ReutersJan 29, 2025 3:48 PM

** Shares of goods packaging provider Silgan Holdings SLGN.N up 6.33% at $56.37

** SLGN reports Q4 adj profit of $0.85 per share vs. analysts' estimate of $0.82 per share

** Posts Q4 Net sales of $1.4 bln, in line with market expectations

** Co says Q4 net sales increased as result of acquisition of Weener Packaging

** Expects annual adj profit of $4.00-$4.20 per share vs expectations of $4.13 per share, as per LSEG data

** Sees Q1 2025 organic volume growth in low to mid-single digit

** Says 2025 free cash flow to be about $450 mln, up 15%

** Shares rose ~15.03% in 2024

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