Silgan Holdings Inc. (NYSE:SLGN) Q4 2022 Earnings Conference Call January 25, 2022 11:00 AM ET
Company Participants
Kim Ulmer - Senior Vice President of Finance & Treasurer
Adam Greenlee - President & Chief Executive Officer
Robert Lewis - Executive Vice President & Chief Financial Officer
Conference Call Participants
Adam Josephson - KeyBanc
Ghansham Panjabi - Baird
George Staphos - Bank of America
Gabe Hajde - Wells Fargo
Bryan Burgmeier - Citi
Kyle White - Deutsche Bank
Arun Viswanathan - RBC Capital Markets
Daniel Rizzo - Jefferies
Jeff Zekauskas - JPMorgan
Operator
Good morning, ladies and gentlemen. Welcome to the Silgan Holdings Fourth Quarter 2022 Earnings Conference Call. [Operator Instructions]
And now at this time, I'll turn things over to Ms. Kim Ulmer, Senior Vice President, Finance and Treasurer. Please go ahead, ma'am.
Kim Ulmer
Thank you. Joining me from the company today are Adam Greenlee, President and CEO; Bob Lewis, EVP and CFO; and Alex Hutter, Vice President of Investor Relations.
Before we begin the call today, we would like to make it clear that certain statements made today on this conference call may be forward-looking statements. These forward-looking statements are made based upon management's expectations and beliefs concerning future events impacting the company and therefore, involve a number of uncertainties and risks, including but not limited to, those described in the company's annual report and Form 10-K for 2021 and other filings with the SEC. Therefore, the actual results of operations or financial condition of the company could differ materially from those expressed or implied in the forward-looking statements.
With that, I'll turn it over to Adam.
Adam Greenlee
Thank you, Kim and welcome, everyone, to Silgan's fourth quarter and full year 2022 earnings call. On the call today, we will review the highlights of our full year performance and provide details around our fourth quarter results and our outlook for continued growth in 2023.
2022 was another exceptional year for Silgan, posting our sixth consecutive year of record sales and delivering yet another year of record double-digit growth in adjusted EPS as the momentum we've built in the business continues to show in our results. I'm incredibly proud of the entire Silgan team and the accomplishments that we've achieved together, proving that through a variety of economic environments, Silgan remains a steadfast partner to our customers, employees and shareholders.
Day in and day out, our teams prove that our founding principles of competing and winning in the marketplace by being the best at what we do continues to translate into meaningful value creation for all of our stakeholders. Our ongoing and unwavering focus yielded significant adjusted earnings growth in 2022 despite difficult volume comparisons as our business overcame, known challenges from the prior year pre-buy activity ahead of significant raw material inflation. Ongoing supply chain disruptions and customer and retail inventory destocking throughout the year.