Silgan Holdings Inc - SLGN STOCK NEWS

Silgan Holdings (Nasdaq:SLGN) has acquired Gateway Plastics for a purchase price of $485 million. Gateway specializes in dispensing closures and integrated packaging primarily for the food and beverage markets, with projected sales of $150 million and $46 million in adjusted EBITDA for 2021. The acquisition is expected to yield $2 million in annual synergies and $90 million in tax benefits. It is anticipated to be slightly accretive to earnings in 2021 and more so in 2022, enhancing Silgan's market position in dispensing solutions.

On September 20, 2021, TN Capital Advisors announced the appointment of Tony Allott as Senior Advisor. Allott, who previously served as Chairman and CEO of Silgan Holdings Inc. (SLGN), brings over 16 years of experience in the packaging industry, successfully managing numerous acquisitions that enhanced Silgan's global market position. Allott's expertise in strategic planning and execution will bolster True North's advisory services, providing valuable insights into business transactions. His addition aims to strengthen the firm's capabilities in offering differentiated counsel to corporate clients.

Silgan Holdings Inc. (Nasdaq:SLGN) announced a quarterly cash dividend of $0.14 per share, payable on September 15, 2021, to stockholders of record as of September 1, 2021. This marks the 70th consecutive quarter of dividend payments, reflecting a strong commitment to returning value to shareholders. The company reported annual net sales of approximately $4.9 billion in 2020 and operates 109 manufacturing facilities globally, cementing its position as a leading supplier of sustainable rigid packaging solutions.

Silgan Holdings Inc. (Nasdaq:SLGN) reported record second quarter 2021 net income of $94.5 million, or $0.85 per diluted share, matching the prior year's results. Net sales increased by 14.6% to $1.35 billion, driven by strong performance in all segments. The company maintained its adjusted earnings guidance for the full year of $3.30 to $3.45 per diluted share, anticipating a 10.3% increase over 2020. Challenges include spikes in raw material costs and labor supply issues, which may impact performance moving forward. Free cash flow is projected at approximately $400 million.

Silgan Holdings, a top supplier of sustainable rigid packaging solutions, has appointed Adam J. Greenlee as the new CEO, effective September 1, 2021. Greenlee, who joined the company in 2005, previously served as President and Chief Operating Officer. He will succeed Tony Allott, who has been CEO since 2006 and will now serve as Executive Chairman. Silgan recorded annual net sales of approximately $4.9 billion in 2020 and operates 109 facilities globally, leading in dispensing closures and metal containers.

Silgan Holdings (Nasdaq:SLGN), a leader in sustainable rigid packaging solutions, will announce its Q2 2021 earnings on July 28, 2021, prior to market opening. A conference call is scheduled for 11:00 A.M. ET on the same day to discuss performance. Silgan reported annual net sales of approximately $4.9 billion in 2020 and operates 109 manufacturing facilities globally.

Silgan Holdings (Nasdaq:SLGN) has declared a quarterly cash dividend of $0.14 per share, payable on June 15, 2021, to shareholders on record as of June 1, 2021. This marks the 69th consecutive quarter the Company has increased its dividend since 2004. With approximately $4.9 billion in annual net sales for 2020, Silgan operates 109 manufacturing facilities across multiple continents, making it a top supplier in rigid packaging solutions for consumer goods.

Silgan Holdings Inc. (Nasdaq:SLGN) reported record first quarter 2021 net income of $73.3 million ($0.66 per diluted share), up from $57.6 million ($0.52) in Q1 2020. Adjusted net income per diluted share reached $0.75, an increase driven by a 20% sales rise to $1.24 billion. The Dispensing and Specialty Closures segment led growth with 42.6% higher sales. However, challenges included higher operational costs and rationalization charges. The company maintains a full-year adjusted EPS forecast of $3.30 to $3.45, reflecting strong demand but anticipated delays in passing through raw material cost increases.

Silgan Holdings (Nasdaq:SLGN) will announce its Q1 2021 earnings results on April 28, 2021, prior to market opening. A conference call is scheduled for the same day at 11:00 A.M. ET to discuss performance. In 2020, the company achieved approximately $4.9 billion in net sales and operates 110 manufacturing facilities globally. Silgan is a prominent supplier of sustainable rigid packaging solutions, including metal and plastic closures and containers for various consumer goods.