Silgan Holdings Inc. (SLGN) stock soared 5.34% in pre-market trading on Wednesday after the rigid packaging solutions provider reported strong results for the fourth quarter of 2024 and provided an optimistic outlook for 2025.

For the fourth quarter, Silgan posted adjusted earnings of $0.85 per diluted share, surpassing analysts' expectations of $0.82. Revenue climbed 5.3% year-over-year to $1.41 billion, also beating consensus estimates of $1.40 billion. The company attributed the robust performance to solid demand across its business segments, particularly the Dispensing and Specialty Closures segment, which achieved record volumes in dispensing products.

Looking ahead, Silgan anticipates double-digit percentage growth in earnings and free cash flow for 2025. The company forecasts adjusted net income per diluted share in the range of $4.00 to $4.20, representing a 13% increase at the midpoint compared to 2024. Free cash flow is expected to reach approximately $450 million, up 15% from the previous year.

Adam Greenlee, President and CEO of Silgan, expressed optimism about the company's prospects, stating, "We are excited about the opportunities in 2025 and beyond, and with the actions we have taken, the Company is well-positioned to achieve another year of double-digit percentage earnings and free cash flow growth this year."