Key Developments For Silgan Holdings Inc.
Silgan Holdings Inc. (SLGN.O) (Nasdaq)
Silgan Holdings Inc. Declares Quarterly Dividend
Silgan Holdings Inc. announced that its Board of Directors has declared a quarterly cash dividend on its common stock. The Board of Directors has approved a $0.19 per share quarterly cash dividend, payable on December 15, 2009 to the holders of record of common stock of the Company on December 1, 2009.
Silgan Holdings Inc. Raises FY 2009 EPS Guidance; Issues Q4 2009 EPS Guidance
Silgan Holdings Inc. raised its estimate of adjusted net income per diluted share for fiscal 2009 to a range of $4.00 to $4.10. This estimate excludes rationalization charges and loss on early extinguishment of debt. The Company also estimates adjusted net income per diluted share for the fourth quarter of 2009, which excludes rationalization charges, will be in the range of $0.46 to $0.56, as compared to adjusted net income per diluted share of $0.69 in the fourth quarter of 2008 which benefited significantly from the delayed pass through of lower resin costs in the plastic container business and a lower than normal tax rate. According to Reuters Estimates, analysts were expecting the Company to report EPS of $3.88 for fiscal 2009; EPS of $0.66 for fourth quarter of 2009.
Silgan Holdings Inc. Declares Quarterly Dividend
Silgan Holdings Inc. announced that its Board of Directors has declared a quarterly cash dividend on its common stock. The Board of Directors approved a $0.19 per share quarterly cash dividend, payable on September 15, 2009 to the holders of record of common stock of the Company on September 1, 2009.
Silgan Holdings Inc. Raises FY 2009 EPS Guidance; Issue Q3 2009 EPS Guidance In Line With Analysts' Estimates
Silgan Holdings Inc. announced that it has raised its estimate of adjusted net income per diluted share (EPS) for fiscal 2009 to a range of $3.75-$3.95. This estimate excludes rationalization charges and loss on early extinguishment of debt. The Company also estimates adjusted net income per diluted share for the third quarter of 2009, which excludes rationalization charges, will be in the range of $1.45-$1.65. According to Reuters Estimates, analysts are expecting the Company to report EPS of $3.79 for fiscal 2009; EPS of $1.54 for the third quarter of 2009.
Silgan Holdings Inc. Announces Agreement To Sell $250 Million Of Senior Notes; Revises Q2 2009 EPS Guidance To A Range Below Analysts' Estimates; Lowers FY 2009 EPS Guidance
Silgan Holdings Inc. announced that it has entered into an agreement to sell $250 million aggregate principal amount of 7.25% senior unsecured notes maturing in 2016 pursuant to its previously announced offering. The offering was increased to $250 million from a previously announced offering size of $200 million. The notes will be issued at a price equal to 97.28% of their face value. The net proceeds from the offering will be utilized by the Company to prepay the 2009 term loan installment payments and most of the 2010 term loan installment payments due under its senior secured credit facility. The Company also revised estimates of adjusted net income per diluted share (EPS) for second quarter of 2009 to a range of $0.72-$0.82 and for fiscal 2009 to a range of $3.60 to $3.80. According to Reuters Estimates, analysts were expecting the Company to report EPS of $0.84 for second quarter of 2009; EPS of $3.87 for fiscal 2009.
