Silgan clocks worst day in over four years as Q1 sales disappoint

Silgan Holdings

26/04/2023 15:49

** Shares of packaging solutions firm Silgan Holdings Inc
 SLGN.N  down 7% at $49.60 - logging their worst day in
four-and-a-half years 
    ** Co reports Q1 revenue of $1.41 bln vs est of $1.45 bln -
Refinitiv data    
    ** Sales were also lower than the previous year 
    ** Co says foreign currency headwinds hit Q1 revenue 
    ** Stock had risen 2.9% YTD 

 (Reporting by Johann M Cherian in Bengaluru)
 ((johann.mcherian@thomsonreuters.com;))