Silgan Announces Strong Growth in 2022; Anticipates Increased Revenue, Segment Income and Free Cash Flow

Highlights

• Earnings per diluted share (EPS) of $3.07 for 2022 and $0.22 for the fourth quarter of 2022
• Record adjusted EPS of $3.98 for 2022, a 17% increase over a record prior year
• Achieved 10 year compound annual growth rate (CAGR) of 11% for EPS and 12% for adjusted EPS
• Delivered record adjusted EPS for each quarter of 2022
• Cash from operations of $748.4 million and free cash flow of $368.2 million
• Record volume, sales and segment income in Dispensing and Specialty Closures
• Renewed long-term contract with largest steel food container customer
• Expect organic volume growth in all segments in 2023

Silgan Holdings Inc. SLGN, a leading supplier of sustainable rigid packaging solutions for the world's essential consumer goods products, today reported record full year net sales of $6.41 billion, a 12.9 percent increase over prior year net sales of $5.68 billion, and full year 2022 net income of $340.8 million, or $3.07 per diluted share, as compared to full year 2021 net income of $359.1 million, or $3.23 per diluted share.