Deutsche Bank Reports Silgan Holdings 4Q11 Results
According to a research report published today by Deutsche Bank, Silgan Holdings (NASDAQ: SLGN) remains a core high quality packaging company with stable end-markets and strong FCF generation following 4Q11 results.
“Silgan reported 4Q11 EBITDA of $114.6MM, a 21.9% increase vs. the prior year of $94.0MM and slightly above our estimate. The gain in earnings was due to higher volumes from recent acquisitions and the pass-through of raw material costs despite lower unit volumes in the plastic packaging segment and lower volumes for single-serve beverages,” Deutsche Bank said in the report.
Deutsche Bank reiterates its Hold rating on Silgan, which is currently trading at $41.95.
© 2015 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.