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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. (NASDAQ:SLGN), a leader in sustainable rigid packaging, has declared a $0.16 per share quarterly cash dividend, payable on March 31, 2022. This marks a 14.3% increase from last year and continues a trend of annual dividend increases since 2004. With approximately $5.7 billion in net sales in 2021, Silgan operates 113 manufacturing facilities across North and South America, Europe, and Asia, serving various sectors including food, beverage, and personal care.
Silgan Holdings Inc. (Nasdaq:SLGN) announces the appointment of Anthony J. Allott as Non-Executive Chairman of the Board, effective April 1, 2022. This transition follows a long-term succession planning strategy successfully implemented over the past several years. Allott has over 20 years of leadership experience at Silgan and nearly 30 years in the packaging industry. The company reported approximately $5.7 billion in annual net sales for 2021, operating 113 facilities across North and South America, Europe, and Asia, specializing in sustainable rigid packaging solutions.
Silgan Holdings Inc. (SLGN) reported 2021 net income of $359.1 million, or $3.23 per diluted share, a 17% increase from 2020. Adjusted EPS rose 11% to $3.40, with expectations for another 15% increase in 2022. Free cash flow hit a record $466.1 million, driven by strong operational performance and strategic acquisitions. Net sales grew 15.3% to $5.68 billion, with significant contributions from the Dispensing and Specialty Closures and Metal Container segments. The company is focused on integrating recent acquisitions while navigating supply chain challenges and anticipating higher costs in 2022.
Silgan Holdings Inc. (Nasdaq:SLGN) will announce its fourth quarter and full year 2021 earnings on January 25, 2022, after U.S. market close. A conference call is scheduled for January 26, 2022, at 11:00 A.M. ET to discuss results. Silgan reported approximately $4.9 billion in annual net sales for 2020 and operates 113 manufacturing facilities globally. The company is a leading supplier of sustainable rigid packaging solutions for various consumer goods.
Silgan Holdings Inc. (Nasdaq:SLGN) has amended its senior secured credit facility, extending loan maturities by over 3 years and increasing its revolving loan facility from $1.2 billion to $1.5 billion. The amendment includes $1.0 billion in new term loans aimed at refinancing existing debt from past acquisitions. The revised terms grant more flexibility for strategic initiatives. The maturity dates have been extended to November 2027 for term loans and November 2026 for revolving loans. This amendment is not expected to impact the company's earnings for 2021.
Silgan Holdings declared a quarterly cash dividend of
Silgan Holdings Inc. (Nasdaq: SLGN) reported a third-quarter 2021 net income of $106.3 million, or $0.96 per diluted share, down from $112.9 million year-over-year. Adjusted net income was $1.02 per diluted share, a slight decrease from $1.04 in Q3 2020. Net sales increased 10.9% to $1.65 billion. The company tightened its full-year adjusted earnings guidance to a range of $3.30 to $3.40 and raised free cash flow expectations to $450 million. Record volumes for Dispensing and Specialty Closures and Metal Containers were noted, although challenges from inflation and supply chain disruptions persisted.
Silgan Holdings (NASDAQ: SLGN) has acquired Easytech Closures S.p.A. for €31.5 million ($36.5 million). Easytech specializes in easy-open metal ends for food applications and is expected to generate approximately €38 million ($45 million) in sales and €6.6 million ($7.8 million) in adjusted EBITDA in 2021. The acquisition aims to enhance operational efficiency, with projected annual synergies of €4.1 million ($4.9 million) within 12 months. The deal is anticipated to be slightly accretive to earnings in 2021 and more so in 2022.
Silgan Holdings Inc. (SLGN) has acquired Unicep Packaging for $237 million, enhancing its precision dosing dispensing capabilities in health care and diagnostics. Unicep is projected to generate approximately $45 million in annual sales and $18.3 million in adjusted EBITDA for 2021. This strategic acquisition aims to broaden Silgan's market exposure, offering tax benefits with a net present value of $35 million, and is expected to be slightly accretive to earnings in 2021 with further growth anticipated in 2022.
Silgan Holdings Inc. (NASDAQ:SLGN) will announce its third quarter 2021 earnings on October 27, 2021, before U.S. markets open. A conference call will take place at 11:00 A.M. ET to discuss the earnings results. Silgan, a leading supplier of sustainable rigid packaging solutions, reported annual net sales of approximately $4.9 billion in 2020 and operates 110 manufacturing facilities across North and South America, Europe, and Asia.
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