Silgan Holdings (SLGN) FY2023 results: revenue $6.0 billion, down 6.6% on the year
Silgan Holdings Inc. (SLGN) reported revenue of $6.0 billion for fiscal 2023, the year ended 31 December 2023, down 6.6% on the year before. Net income was $326 million, down 4.4%, and diluted earnings per share $2.98. The figures are the company's own, from the 10-K it filed with the SEC on 29 February 2024.
Revenue
$6.0 billion
-6.6% on the year
FY2016FY2023
Operating margin
n/a
FY2016FY2023
Net income
$326 million
-4.4% on the year
FY2016FY2023
Diluted EPS
$2.98
-2.9% on the year
FY2016FY2023
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2023
FY2022
FY2021
On the year
Last 8 years
Operating cash flow
483
748
557
-35.5%
Capital expenditure
227
216
232
+5.1%
Free cash flow
256
533
325
-52.0%
Free cash flow margin
4.3%
8.3%
5.7%
Cash from investing
-224
-216
-976
Cash from financing
-211
-570
649
Depreciation and amortisation
263
263
250
+0.2%
Share-based compensation
15.6
n/a
n/a
Buybacks
184
45.1
8.6
+307.7%
Dividends paid
78.9
71.9
62.5
+9.7%
Dividend per share
$0.72
$0.64
$0.56
+12.5%
Diluted shares, weighted
109m
111m
111m
-1.6%
Shares outstanding at period end
106m
110m
110m
-3.3%
Balance sheet
$ million
FY2023
FY2022
FY2021
On the year
Last 8 years
Shareholders' equity
1,889
1,718
1,563
+10.0%
Debt
3,440
3,443
3,815
-0.1%
Operating lease liabilities
188
173
198
+8.7%
Finance lease liabilities
35.7
62.9
66.0
-43.2%
Other liabilities
2,058
1,949
2,128
+5.6%
Total liabilities and equity
7,611
7,346
7,771
+3.6%
Fixed assets
1,962
1,931
1,994
+1.6%
Goodwill
2,018
1,985
2,038
+1.7%
Intangible assets
721
764
831
-5.6%
Cash and equivalents
643
586
631
+9.8%
Receivables
600
658
711
-8.9%
Inventory
941
769
799
+22.3%
Other assets
727
653
766
+11.4%
Total assets
7,611
7,346
7,771
+3.6%
10-K for the year ended 31 December 2023, filed 29 February 2024: the filing.