Silgan Holdings Inc. (NYSE:SLGN) Q2 2022 Earnings Conference Call July 27, 2022 11:00 AM ET

Company Participants

Kim Ulmer – Senior Vice President-Finance and Treasurer

Adam Greenlee – President and Chief Executive Officer

Bob Lewis – Executive Vice President and Chief Financial Officer

Conference Call Participants

Adam Josephson – KeyBanc

Mark Wilde – Bank of Montreal

Arun Viswanathan – RBC Capital Markets

Gabe Hajde – Wells Fargo

Matt Krueger – Baird

Daniel Rizzo – Jefferies

George Staphos – Bank of America

Operator

Please stand by. Thank you for joining the Silgan Holdings Second Quarter 2022 Earnings Results Conference Call. Today's call is being recorded. At this time, I'd like to turn the call over to Kim Ulmer, Senior Vice President-Finance and Treasurer, Silgan Holdings. Please go ahead.

Kim Ulmer

Thank you. Joining me from the company today, I have Adam Greenlee, President and CEO; and Bob Lewis, EVP and CFO. 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 on 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 our second quarter 2022 earnings call. I'll make a few comments about the second quarter and share our thoughts regarding the remainder of the year. Bob will then review our financial performance and provide more detail about our 2022 outlook, and then we'll be happy to answer any questions at that point. We delivered yet another quarter of record earnings driven by the strength of our operational performance and the power of our diverse portfolio. Silgan’s ability to perform in the face of ongoing and evolving economic uncertainties gives us great confidence in delivering another year of significant earnings growth in 2022.

We look forward to discussing our strong quarterly results and more importantly, our favorable operational outlook for the remainder of the year and beyond. As you've seen in this morning's press release, we delivered an all-time record adjusted earnings of $1.08 per diluted share, which exceeded the high end of our earnings estimate and represents a 27% increase versus the $0.85 per diluted share reported in the second quarter of 2021.