Silgan Holdings Inc.

Please stand by. We're about to begin. Thank you for joining today's Silicon Holdings first quarter 2022 earnings results conference call. Today's call is being recorded. At this time, I'd like to turn the call over to Kim Ulmer, Senior Vice President, Finance and Treasurer. Please go ahead, ma'am.

Thank you. Joining me from the company today, I have Adam Greenlee, President and CEO, and Bob Lewis, EVP and CFO. Before we begin the call today, we would like to make it clear that certain statements made today on this conference call may be forward-looking statements. These forward-looking statements are made based upon management's expectations and beliefs concerning future events impacting the company, and therefore involve a number of uncertainties and risks, including but not limited to those described in the company's annual report on Form 10-K for 2021 and other filings with the SEC. Therefore, the actual results of operations or financial conditions of the company could differ materially from those expressed or implied in the forward-looking statement. With that, I'll turn it over to Adam.

Thank you, Kim, and welcome, everyone, to our first quarter 2022 earnings call. We trust you and your families are all doing well as we continue to cycle through the current stage of the COVID-19 pandemic and look forward to returning to a new normal. I'll make a few comments about the first quarter and share our thoughts regarding the remainder of the year. Bob will then review our financial performance and provide more details about the 2022 outlook. And then Bob and I will be happy to answer any questions. As you've seen in this morning's press release, we reported record adjusted earnings of 78 cents per diluted share at the higher end of our earnings estimates and ahead of the prior record first quarter of 2021 of 75 cents per diluted share. We achieved this performance by leveraging the power of the SILGIM portfolio with outstanding operating performance across each of our business segments as we were able to mitigate the impact of inflation and supply chain disruptions for the company and our customers. In addition, our strong commercial relationships helped ensure our ability to successfully pass through the unprecedented raw material inflation we are experiencing. These actions allowed us to overcome the known volume headwinds We faced entering the first quarter in certain portions of our business. The impact from raw materials and other manufacturing cost inflation and the negative impact of supply chain and production disruptions at several of our customers. Without these customer supply disruptions, volumes in each of our segments would have been even higher. As we anticipated, the year-over-year volume comparisons were difficult in the first quarter, but volumes across each of our businesses were in line with our Given our strong start to the year, our volume outlook for the remainder of the year, our deep customer relationships, the strong operational performance of each business, and our continued success in integrating the recent acquisitions, we are raising our full-year guidance to $3.90 to $4.05 per diluted share for our new range. representing a 17% increase at the midpoint over record 2021 levels. With that, I'll turn it over to Bob.