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Silgan Holdings Inc. (symbol: SLGN) is a leading global provider of sustainable packaging solutions, partnering with some of the world's best-known consumer products companies. Silgan specializes in delivering efficient, sustainable, and cost-effective packaging formats for essential consumer goods.
Founded in 1987, Silgan Holdings manufactures approximately half of the metal food containers in North America. Major clients include industry giants such as Campbell Soup, Nestle, and Del Monte. Beyond metal food containers, Silgan's diverse product portfolio includes plastic dispensers and containers for personal care and healthcare products, as well as a closures business producing metal and plastic lids and caps.
With a commitment to sustainability, Silgan continuously innovates to create packaging solutions that meet modern environmental standards. Recent achievements include the development of eco-friendly packaging alternatives and strategic partnerships aimed at improving recycling processes.
Currently, Silgan is engaged in several forward-looking projects, such as expanding its global footprint and enhancing product offerings to meet the evolving needs of the consumer goods market. Financially, Silgan maintains a robust balance sheet, reflecting its strong market position and steady revenue streams.
Silgan Holdings Inc. remains at the forefront of the packaging industry, ensuring that consumer products are delivered in reliable and sustainable packaging formats across the globe.
Silgan Holdings Inc. (NYSE: SLGN) reported Q2 2024 results with net sales of $1.38 billion and net income of $76.1 million, or $0.71 per diluted share. Adjusted net income per diluted share was $0.88. Key highlights include:
- Volume growth in all segments as customer destocking concludes
- Dispensing and Specialty Closures segment saw >20% year-over-year Adjusted EBIT growth
- Double-digit volume growth in dispensing products
- Announced agreement to acquire Weener Packaging
The company confirmed its 2024 outlook with adjusted net income per diluted share estimated at $3.55 to $3.75, a 7% increase at midpoint over 2023. Free cash flow is expected to be approximately $375 million in 2024.
Silgan Holdings Inc. (NYSE: SLGN) has announced an agreement to acquire Weener Plastics Holdings B.V. for an enterprise value of €838 million. Weener is a leading producer of dispensing solutions for personal care, food, and healthcare products, operating 19 facilities globally with 4,000 employees. The acquisition aims to expand Silgan's global Dispensing and Specialty Closures franchise.
Key points:
- Weener generated sales of €450 million and adjusted EBITDA of €96 million in the 12 months ended May 31, 2024
- Silgan expects to realize €20 million in operational cost synergies within 18 months post-closing
- The acquisition is expected to be accretive to adjusted earnings per share in 2025
- Closing is anticipated in Q4 2024, subject to regulatory approvals
- Silgan plans to fund the purchase with cash on hand and borrowings under its senior secured credit facility
Silgan Holdings (NYSE: SLGN), a top provider of sustainable rigid packaging solutions, will announce its second quarter 2024 earnings results on July 31, 2024, before U.S. markets open. The earnings call will be held at 11:00 a.m. ET the same day. Participants in the U.S. and Canada can dial (866) 409-1555, while international callers should use (323) 701-0225, with the confirmation code 5158217. The call will also be webcast live at www.silganholdings.com and archived for 90 days. Silgan, with $6.0 billion in net sales in 2023, operates 106 manufacturing facilities globally and is a leading supplier of dispensing and specialty closures, metal containers, and custom containers for various consumer goods.
Silgan Holdings Inc. declared a quarterly cash dividend of $0.19 per share, payable on June 17, 2024, to shareholders of record on June 3, 2024. The company has been consistently increasing its dividend for eighty-one quarters since 2004. Silgan is a leading supplier of sustainable rigid packaging solutions with annual net sales of around $6.0 billion in 2023.
Silgan Holdings Inc. announced its first quarter 2024 results, with adjusted EPS meeting high-end estimates, expecting demand improvement in Q2 2024. The company reported net sales of $1.32 billion and net income of $55.2 million, with adjusted net income per diluted share of $0.69. Progress on a $50 million cost reduction program was highlighted, along with full year estimates confirmation. Despite a decrease in net sales compared to Q1 2023, the company remains optimistic about future growth.
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