Deutsche Bank Reports Silgan Holdings 4Q11 Results - Silgan Hldgs (NYSE:SLGN)

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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.

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