Silgan (SLGN)

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Silgan (SLGN) - 2025 Q1 - Quarterly Results
2025-04-30 20:31
Silgan Holdings Inc. Exhibit 99.1 SILGAN ANNOUNCES RECORD FIRST QUARTER 2025 RESULTS; CONFIRMS 2025 EARNINGS AND FREE CASH FLOW ESTIMATES Highlights STAMFORD, CT, April 30, 2025 -- Silgan Holdings Inc. (NYSE: SLGN), a leading supplier of sustainable rigid packaging solutions for the world's essential consumer goods products, today reported first quarter 2025 record net sales of $1.47 billion and net income of $68.0 million, or $0.63 per diluted share, as compared to first quarter 2024 net sales of $1.32 bil ...
Silgan (SLGN) - 2025 Q1 - Earnings Call Transcript
2025-04-30 15:00
Financial Data and Key Metrics Changes - The company reported net sales of approximately $1.5 billion, an increase of 11% from the prior year, driven primarily by the Vayner acquisition and organic volume growth across all segments [13][14] - Adjusted EBIT for the quarter increased by 17% year over year, resulting in record adjusted EBIT in the dispensing and specialty closures and custom container segments [13][15] - Record adjusted EPS of $0.82 increased by $0.13 or 19% from the prior year quarter [13][14] Business Line Data and Key Metrics Changes - In the dispensing and specialty closures segment, sales increased by 25% year over year, primarily due to the Vayner acquisition, which contributed approximately $126 million during the quarter [14] - The metal containers segment saw a 2% increase in sales, driven by a 4% increase in unit volumes, particularly in pet food and soup products [15] - Custom containers experienced a 2% increase in sales, with adjusted EBIT rising by 22% compared to the first quarter of 2024, attributed to favorable price cost and higher volumes [15] Market Data and Key Metrics Changes - The company expects mid single-digit volume growth in dispensing and specialty closures, metal containers, and custom containers for 2025, driven by strong demand in pet food and a partial recovery in fruit and vegetable pack volumes [11][12] - The pet food market continues to grow at a mid-single-digit rate, supported by pet population growth and premiumization trends [9][10] Company Strategy and Development Direction - The company emphasizes a customer intimacy model that sets it apart in the marketplace, focusing on innovation and meeting evolving customer needs [11][12] - The integration of the Vayner acquisition is on track, with expectations for continued growth and synergy capture [9][32] - The company remains confident in its ability to execute its strategic growth initiatives and deliver record results in 2025 [12][16] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving mid-single-digit volume growth across all segments despite potential macroeconomic uncertainties [23][30] - The company highlighted strong relationships with customers and a focus on non-discretionary consumer staples, which provide stability in demand [30][42] - Management noted that the ongoing benefits of cost reduction programs and strong customer relationships support a positive outlook for the remainder of 2025 [17][30] Other Important Information - The company confirmed its estimate of adjusted EPS for 2025 in the range of $4 to $4.2, representing a 13% increase at the midpoint compared to 2024 [16] - Free cash flow is estimated at approximately $450 million for 2025, a 15% increase from the prior year [16][108] Q&A Session Summary Question: Concerns about volume guidance amidst economic uncertainty - Management reiterated confidence in mid-single-digit volume growth across segments, citing strong performance in dispensing products and pet food [23][30] Question: Insights on the Vayner acquisition - Management expressed satisfaction with the Vayner acquisition, confirming it aligns with growth expectations and customer service models [31][32] Question: Impact of tariffs and customer purchasing patterns - Management indicated minimal impact from tariffs, with no unusual buying activity observed, particularly in the pet food segment [27][44] Question: Changes in customer new product activity - Management noted ongoing innovation and new product launches, particularly in the soup category, which supports confidence in volume growth [39][40] Question: Expectations for metal containers in Q2 - Management expects flat volume for metal containers in Q2, with growth anticipated in pet food and a stronger performance in the back half of the year [49][52] Question: Free cash flow and capital allocation priorities - Management confirmed free cash flow guidance of $450 million for 2025, with a preference for M&A as the primary use of cash flow [108][111]
Silgan Holdings (SLGN) Surpasses Q1 Earnings Estimates
ZACKS· 2025-04-30 13:05
Silgan Holdings (SLGN) came out with quarterly earnings of $0.82 per share, beating the Zacks Consensus Estimate of $0.78 per share. This compares to earnings of $0.69 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 5.13%. A quarter ago, it was expected that this packaging products supplier would post earnings of $0.82 per share when it actually produced earnings of $0.85, delivering a surprise of 3.66%.Over the last four quar ...
Silgan Holdings (SLGN) is a Top-Ranked Growth Stock: Should You Buy?
ZACKS· 2025-03-28 14:46
Taking full advantage of the stock market and investing with confidence are common goals for new and old investors, and Zacks Premium offers many different ways to do both.The research service features daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, all of which will help you become a smarter, more confident investor.Zacks Premium includes access to the Zacks Style Scores as well. What are the Zacks Style Sco ...
Silgan (SLGN) - 2024 Q4 - Annual Report
2025-02-27 20:47
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to (State or other jurisdiction of incorporation or organization) 4 Landmark Square Stamford, Connecticut 06901 (Address of principal executive offices) (Zip Code) D ...
Here's Why Silgan Holdings (SLGN) is a Strong Momentum Stock
ZACKS· 2025-02-24 15:55
It doesn't matter your age or experience: taking full advantage of the stock market and investing with confidence are common goals for all investors. Luckily, Zacks Premium offers several different ways to do both.The research service features daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, all of which will help you become a smarter, more confident investor.Zacks Premium includes access to the Zacks Style Sc ...
Why Silgan Holdings (SLGN) is a Top Growth Stock for the Long-Term
ZACKS· 2025-02-20 15:45
It doesn't matter your age or experience: taking full advantage of the stock market and investing with confidence are common goals for all investors. Luckily, Zacks Premium offers several different ways to do both.The popular research service can help you become a smarter, more self-assured investor, giving you access to daily updates of the Zacks Rank and Zacks Industry Rank, the Zacks #1 Rank List, Equity Research reports, and Premium stock screens.It also includes access to the Zacks Style Scores. What a ...
Why Silgan Holdings (SLGN) is a Top Momentum Stock for the Long-Term
ZACKS· 2025-02-05 15:51
For new and old investors, taking full advantage of the stock market and investing with confidence are common goals. Zacks Premium provides lots of different ways to do both.Featuring daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, the research service can help you become a smarter, more self-assured investor.Zacks Premium includes access to the Zacks Style Scores as well. What are the Zacks Style Scores? The ...
Here's Why Silgan Holdings (SLGN) is a Strong Growth Stock
ZACKS· 2025-02-04 15:45
It doesn't matter your age or experience: taking full advantage of the stock market and investing with confidence are common goals for all investors. Luckily, Zacks Premium offers several different ways to do both.Featuring daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, the research service can help you become a smarter, more self-assured investor.Zacks Premium includes access to the Zacks Style Scores as we ...
Silgan Earnings & Revenues Beat Estimates in Q4, Shares Rise 4%
ZACKS· 2025-02-03 18:26
Shares of Silgan Holdings Inc. (SLGN) moved up 4% since it reported record adjusted earnings of 85 cents per share in fourth-quarter 2024 on Wednesday, beating the Zacks Consensus Estimate of 82 cents. The bottom line increased 35% year over year and was within the company’s guidance of 78-88 cents. Find the latest EPS estimates and surprises on Zacks Earnings Calendar.Including one-time items, earnings were 42 cents per share compared with 60 cents in the prior-year quarter.Total revenues increased year ov ...