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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) 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.
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.
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