Silgan Holdings (NYSE:SLGN) stock gained in premarket trading after posting better than expected profits for Q4.

For the fourth quarter, the company notched $0.84 in earnings per share, beating estimates by $0.02, and narrowly missing revenue expectations. The company indicated that the quarterly performance reflected record volume, sales and segment income in Dispensing and Specialty Closure, helping to lift full-year 2022 sales to record levels.

“Since our founding, our unique business model has proven successful throughout a variety of economic cycles as demonstrated by our 12 percent 10 year CAGR for adjusted EPS. The past three years have showcased the exceptional strength of our team and the execution of our strategic initiatives as well as our ability to adapt to rapidly changing market conditions, with a greater than 20% CAGR for adjusted EPS from pre-pandemic levels,” CEO Adam Greenlee said. “As our focus shifts to 2023, we believe the prospects for continued success and growth are stronger than at any point in our history.”

The company projects adjusted net income per diluted share for 2023 to range from $3.95 to $4.15, in-line with a consensus of $4.09. Organic growth is expected across all business segments in 2023 as well.

Shares of the Connecticut-based packaging company rose 1.4% in premarket trading.

Dig into the details of the results.