Silgan Holdings expects lower 2Q earnings

STAMFORD — Silgan Holdings Inc., a packaging manufacturer, on Thursday backed its full-year profit outlook and forecast lower second-quarter profit.

Silgan Holdings forecast 2009 adjusted net income per share of $3.75 to $3.95, excluding rationalization charges.

Analysts surveyed by Thomson Reuters, who generally exclude one-time items from their estimates, expect earnings of $3.86 per share.

For the second quarter, the company forecast adjusted net income of 75 cents to 85 cents per share, compared with adjusted net income of 92 cents per share a year earlier. Analysts expect profit of 93 cents per share.