Silgan Holdings Inc. (NASDAQ:SLGN) Q4 2022 Earnings Call Transcript

Adam Greenlee: Well, I think, look, the destocking situation that affected both Dispensing and Specialty Closures and Custom Containers that will resolve itself at some point, right? We think we’ve got a really good signals that, that is resolving literally as we speak. If that gets delayed for any reason or for whatever reason, that would be a little bit of risk, Adam. That’s probably the biggest one in dispensing and then over in custom. I think the food can business, you’ve got right. I think that is more about the pack. Remember, ’21 was the year that the supply chain got replenished for . So we were up significantly and expected a normal pack in ’22 which we got. The pack ended in Q3 which was a little earlier than what we expected but that was fine for us.

So we are anticipating a good pack this year. And there’s always the normal risk around the pack but it’s not like the year is dependent upon pack volumes. It’s just the one item that does have some play into the absolute volume numbers at the end of the pack.

Adam Josephson: Best of luck.

Operator: Thank you. And since we have no further questions today. Mr. Greenlee, I’ll hand things back to you for any closing comments.

Adam Greenlee: Great. Thank you, Bill and I appreciate everyone’s interest and so good and we look forward to discussing the first quarter results in late April. Thank you.

Operator: Thank you. Again, ladies and gentlemen, thank you for joining Silgan Holdings’ fourth quarter earnings conference call. I’d like to thank you all so much again for joining us, and wish you all a great remainder of your day. Goodbye.