Silgan Announces Fourth Quarter and Full Year 2023 Results

To keep up with increasing e-commerce demand during peak season, shippers are looking to switch from boxes to mailers to save on costs. *Shippers and 3PLs are searching for new ways to cut costs and reduce their environmental impact. *Record high e-commerce demand puts even more strain on these efforts, emphasizing efficiency in a challenging supply environment. *Mailers, including the Pregis sustainable, curbside recyclable EverTec mailer, can replace unnecessary boxes for shippers, saving on costs and creating better processes in shipping and fulfillment. *Picking the right kinds of products to shift from traditional boxes to mailers is the first step to rightsizing a product line for maximum efficiency. Part of the joy of shopping online is the experience of coming home to boxes and packages on your front porch or in the lobby of your apartment building. More and more, these packages arrive to consumers in the form of mailers instead of bulky boxes. For certain items, switching from boxes to mailers not only saves money — it also supports sustainability.

January–December 2023 (compared to 1–12/2022) *Sales were EUR 1,941.9 million (2,479.6). *The comparable operating result was EUR 122.2 million (520.7), or 6.3% of sales (21.0). Operating result was EUR 120.8 million (531.5) *Comparable return on capital employed was 5.1% (20.9). *Net cash flow from operations was EUR 342.8 million (232.0). October–December 2023 (compared to 10–12/2022) *Sales were EUR 422.6 million (599.8). *The comparable operating result was EUR 0.7 million (100.8), or 0.2% (16.8) of sales. *Operating result was EUR -0.2 million (94.7). *Comparable return on capital employed was 0.4% (15.5). *Net cash flow from operations was EUR 124.3 million (70.2).

Q3 2022 Highlights *Sales of $1,174 million (compared with $1,119 million in Q2 2022 and $1,030 million in Q3 2021) **As reported (including specific items) *Operating income of $25 million (compared with $32 million in Q2 2022 and $73 million in Q3 2021) *Operating income before depreciation and amortization (OIBD) of $92 million (compared with $95 million in Q2 2022 and $136 million in Q3 2021)