|
|
Article: Silgan Announces Record Third Quarter Earnings and Raises Full Year 2009 Estimate.(Financial report)
- Article from:
- Food Weekly News
- Article date:
- November 5, 2009
CopyrightCOPYRIGHT 2009 NewsRX. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
Silgan Holdings Inc. (Nasdaq:SLGN), a leading supplier of consumer goods packaging products, reported third quarter 2009 net income of $73.5 million, or $1.91 per diluted share, as compared to third quarter 2008 net income of $52.8 million, or $1.38 per diluted share. Results for the third quarter of 2008 included pre-tax rationalization charges of $2.4 million, or $0.07 per diluted share net of tax which includes the impact of a tax valuation allowance related to the rationalization activity. A reconciliation of net income per diluted share to "adjusted net income per diluted share," a Non-GAAP financial measure used by the Company, which adjusts net income per diluted ...