Silgan Holdings Q2 Profit Rises - Quick Facts

(RTTNews) - Silgan Holdings Inc. (SLGN) reported second-quarter net income of $59.5 million, or $0.93 per share, compared to $10.6 million, or $0.15 per share, prior year. Adjusted net income per share was $0.63, compared to $0.55 prior year.

Net sales were $880.0 million, an increase of 7.1 percent, as compared to $821.6 million in 2012. The company said this increase was the result of an increase in net sales in the metal container and plastic container businesses, partially offset by a slight decrease in net sales in the closure business.

The company revised its estimate of adjusted net income per share for the full year of 2013 to a range of $3.00 to $3.15. Analysts expect the company to report full year profit per share of $3.11.

The company provided an estimate of adjusted net income per share for the third quarter of 2013 in the range of $1.25 to $1.35. Analysts expect the company to report third-quarter profit per share of $1.36.