Silgan Holdings Inc (NYSE:SLGN) Q4 2023 Earnings Call Transcript January 31, 2024 11:00 AM ET
Company Participants
Alex Hutter - Vice President of Investor Relations
Adam Greenlee - President & CEO
Kim Ulmer - CFO, Senior VP of Finance & Treasurer
Robert Lewis - Executive VP, Corporate Development and Administration & Director
Conference Call Participants
George Staphos - Bank of America
Matt Roberts - Raymond James
Gabe Hadje - Wells Fargo
Ghansham Panjabi - Baird
Anthony Pettinari - Citi
Mike Roxland - Truist Securities
Daniel Rizzo - Jefferies
Operator
Good day, and welcome to the Silgan Holdings Fourth Quarter 2023 Earnings Call. Today's conference is being recorded.
At this time, I'd like to turn the conference over to Mr. Alex Hutter, Vice President of Investor Relations. Please go ahead, sir.
Alex Hutter
Thank you, and good morning. Joining me on the call today are Adam Greenlee, President and CEO; Bob Lewis, EVP Corporate Development and Administration; and Kim Ulmer, SVP and CFO.
Before we begin the call today, we'd like to make it clear that certain statements made on this call may be forward-looking statements. These forward-looking statements are 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 2022 and other filings with the Securities and Exchange Commission.
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. In addition, commentary on today's call may contain references to certain non-GAAP financial metrics, including adjusted EBIT, adjusted EBITDA, free cash flow and adjusted net income per diluted share. A reconciliation of these metrics, which should not be considered as substitutes for similar GAAP metrics can be found in today's press release and under non-GAAP financial information available in the Investor Relations section of our website at silgonholdings.com. With that, let me turn it over to Adam.
Adam Greenlee
Thank you, Alex, and we'd like to welcome everyone to Silgan's Fourth Quarter and Full Year 2023 Earnings Call. Our team delivered another year of strong performance in 2023 amid an unprecedented and rapidly changing market backdrop, proving once again that our businesses and our company are resilient regardless of the broader economic circumstances.
We delivered our second highest adjusted EPS and adjusted EBIT in the history of the company and our robust free cash flow and strong balance sheet allowed us to return over $250 million to our shareholders through buybacks and dividends. Our disciplined approach to everything we do, including our customer partnerships, our contractual arrangements and our capital deployment has positioned the company to continue to perform for years to come.