Silgan Holdings Inc - SLGN STOCK NEWS

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.

Silgan Holdings Inc. (Nasdaq:SLGN) announced a quarterly cash dividend of $0.14 per share, payable on March 31, 2021, to stockholders of record on March 17, 2021. This marks a 16.7% increase from the previous year, reflecting the company's strong financial performance and ongoing growth. Silgan, with annual net sales of approximately $4.9 billion in 2020, operates 110 manufacturing facilities globally and is a key supplier in the sustainable packaging sector for consumer goods.

Silgan Holdings Inc. (Nasdaq:SLGN) has priced a private offering of $500 million in 1.4% Senior Secured Notes due 2026. The notes will mature on April 1, 2026, with interest payable semi-annually starting October 1, 2021. They are guaranteed by Silgan's U.S. subsidiaries and secured by the same collateral as the existing credit facility. Proceeds will be used to prepay a portion of existing term loans. Silgan, a leader in sustainable packaging, reported net sales of approximately $4.9 billion in 2020 and operates 110 facilities globally.

Silgan Holdings (Nasdaq:SLGN) announced a planned offering of $500 million in senior secured notes maturing in 2026, dependent on market conditions. The offering aims to prepay a portion of outstanding term loans under its senior secured credit facility. These notes will not be registered under the Securities Act, available exclusively to qualified institutional buyers. Silgan, with annual net sales of approximately $4.9 billion, operates 110 manufacturing facilities globally and is a leader in sustainable packaging solutions.

Silgan Holdings (SLGN) reported a strong financial performance for 2020, with net income of $308.7 million ($2.77 per diluted share), up from $193.8 million ($1.74) in 2019. Adjusted net income per diluted share reached a record $3.06, reflecting a 41.7% increase. Net sales grew to $4.92 billion, a 9.6% rise, supported by robust demand for metal food packaging and hygiene products. For 2021, the company forecasts adjusted net income per share between $3.30 and $3.45, with free cash flow expected around $380 million.

Silgan Holdings (Nasdaq:SLGN), a top supplier of sustainable rigid packaging solutions, is set to release its fourth quarter and full year 2020 earnings on January 26, 2021, after market close. A conference call to discuss the results will be held on January 27, 2021, at 11:00 A.M. ET. Silgan reported approximately $4.9 billion in pro forma net sales for 2019, bolstered by its acquisition of the dispensing business from Albéa Group on June 1, 2020. The company operates 110 manufacturing facilities globally and is a leader in metal and plastic packaging products.

Silgan Closures, a leader in closure manufacturing, launched a video campaign to support food and beverage startups in the U.S. The campaign highlights Jake Deleon, winner of the 'Free Closures for a Year' contest, who aims to introduce healthier versions of childhood recipes through his startups, Origin Almond and Fila Manila. The contest provides winners with up to 500,000 free closures and valuable consumer insights, significantly impacting their financial capabilities. The next contest begins on November 9, 2020, and runs until March 31, 2021.