Welcome to our dedicated page for Silgan Holdings news (Ticker: SLGN), a resource for investors and traders seeking the latest updates and insights on Silgan Holdings stock.
Silgan Holdings Inc. (NYSE: SLGN) is described in its public communications as a leading supplier of sustainable rigid packaging solutions for the world’s essential consumer goods products. News about Silgan often centers on how its dispensing and specialty closures, metal containers, and custom containers businesses are performing across end markets such as food, beverage, fragrance and beauty, personal and health care, home care, lawn and garden, pet food, and shelf-stable food and personal care.
On this page, readers can follow earnings announcements where Silgan reports segment results for Dispensing and Specialty Closures, Metal Containers, and Custom Containers, along with commentary on volume trends, price/mix, raw material cost pass-throughs, and the impact of acquisitions such as Weener Packaging. These releases also discuss factors like growth in dispensing products for fragrance markets, demand for metal containers in pet food markets, and changes in specialty closures volumes in North American beverage markets.
Silgan’s news flow also includes capital allocation updates, such as quarterly cash dividend declarations and authorizations for share repurchase programs. The company has highlighted a long history of quarterly dividends and has announced a repurchase authorization of up to $500 million of common stock through the end of 2029. In addition, news items cover financing activities, including the pricing and issuance of senior notes and the intended use of proceeds to repay borrowings under its senior secured credit facility.
Investors and analysts can also track corporate governance and leadership changes through Silgan’s news, including the appointment of a new Executive Vice President and Chief Financial Officer, changes in accounting and strategy leadership roles, and planned executive retirements. For those following SLGN, this news page provides a centralized view of the company’s operational performance, financial policies, and organizational developments over time.
Silgan Holdings (NYSE: SLGN) has announced the appointment of Philippe Chevrier as Executive Vice President and Chief Operating Officer, effective February 3, 2025. Chevrier will join Silgan's Executive Office, a small collaborative team responsible for strategic direction and corporate oversight.
Chevrier brings significant experience from his previous role as President of Americas and Global Fibers business at Hexcel , and his 20-year tenure at Honeywell International, including 15 years in its Aerospace business. The appointment aims to strengthen Silgan's leadership team with Chevrier's operational expertise and international business experience.
Silgan, with annual net sales of approximately $6.0 billion in 2023, operates 124 manufacturing facilities across North and South America, Europe, and Asia. The company is a leading supplier of dispensing and specialty closures, metal containers, and custom containers for various consumer goods sectors.
Silgan Holdings (NYSE: SLGN) has announced it will release its fourth quarter and full year 2024 earnings results on January 29, 2025, before U.S. markets open. The company will hold a conference call at 11:00 a.m. eastern time to discuss the results.
Silgan, a leading supplier of sustainable rigid packaging solutions for consumer goods, reported annual net sales of approximately $6.0 billion in 2023. The company operates 124 manufacturing facilities across North and South America, Europe, and Asia. Silgan is a worldwide leader in dispensing and specialty closures for various consumer products, metal containers in North America and Europe, and custom containers for shelf-stable food and personal care products in North America.
Silgan Holdings (NYSE: SLGN) has declared a quarterly cash dividend of $0.19 per share, payable on December 16, 2024, to stockholders of record as of December 2, 2024. This marks the company's 83rd consecutive quarterly dividend since 2004, with annual increases each year. Silgan, a leading supplier of sustainable rigid packaging solutions, reported annual net sales of approximately $6.0 billion in 2023. The company operates 124 manufacturing facilities across the Americas, Europe, and Asia, specializing in dispensing closures, metal containers, and custom containers for consumer goods.
Silgan Holdings (NYSE: SLGN) has completed an amendment to its senior secured credit facility, extending maturity dates to five years for revolving loans and six years for term loans. The amendment removes springing maturity date provisions for senior notes and provides additional flexibility. The company, which generated approximately $6.0 billion in annual net sales in 2023, operates 124 manufacturing facilities across North and South America, Europe, and Asia, serving as a leading supplier of sustainable rigid packaging solutions for consumer goods products.
Silgan Holdings (NYSE: SLGN) reported Q3 2024 financial results with net sales of $1.75 billion and net income of $100.1 million ($0.93 per diluted share), compared to Q3 2023 net sales of $1.80 billion and net income of $110.6 million ($1.02 per diluted share). Adjusted net income per diluted share was $1.21 for Q3 2024. The company completed the acquisition of Weener Packaging, renewed a long-term contract with its largest customer, and achieved record volume in dispensing products. The company narrowed its 2024 full-year adjusted EPS guidance to $3.55-$3.65.
Silgan Holdings Inc. (NYSE: SLGN) has completed its acquisition of Weener Plastics Holdings B.V., a leading producer of dispensing solutions for personal care, food, and healthcare products. Weener operates 19 facilities globally, primarily in Europe and the Americas, with around 4,000 employees. Silgan funded the acquisition through term and revolving loan borrowings, including a €700 million incremental term loan.
The company expects to achieve operational cost synergies of approximately €20 million within 18 months. The transaction is anticipated to be slightly accretive to adjusted earnings per share in 2024, with about 10% accretion once fully integrated and synergies realized. Silgan, with annual net sales of approximately $6.0 billion in 2023, operates 124 manufacturing facilities worldwide and is a leading supplier of sustainable rigid packaging solutions for consumer goods products.
Silgan Holdings Inc. (NYSE: SLGN), a leading supplier of sustainable rigid packaging solutions, will release its third quarter 2024 earnings results on Wednesday, October 30, 2024, before U.S. markets open. The company will hold a conference call at 11:00 a.m. eastern time to discuss the results. Callers can access the call toll-free at (866) 416-5346 in the U.S. and Canada, or (773) 305-6865 internationally, using confirmation code 6661013.
The call will also be webcast live at www.silganholdings.com and available for 90 days after. Silgan, with annual net sales of approximately $6.0 billion in 2023, operates 105 manufacturing facilities across the Americas, Europe, and Asia. The company is a leading supplier of dispensing and specialty closures, metal containers, and custom containers for various consumer goods industries.
Silgan Holdings Inc. (NYSE: SLGN), a leading supplier of sustainable rigid packaging solutions, has declared a quarterly cash dividend of $0.19 per share. The dividend is payable on September 17, 2024 to shareholders of record as of September 3, 2024. This marks the 82nd consecutive quarterly dividend since 2004, with the company increasing its dividend every year.
Silgan reported annual net sales of approximately $6.0 billion in 2023. The company operates 105 manufacturing facilities across North and South America, Europe, and Asia. Silgan is a leading supplier of dispensing and specialty closures, metal containers, and custom containers for various consumer goods industries.
Silgan Holdings Inc. (NYSE: SLGN) reported Q2 2024 results with net sales of $1.38 billion and net income of $76.1 million, or $0.71 per diluted share. Adjusted net income per diluted share was $0.88. Key highlights include:
- Volume growth in all segments as customer destocking concludes
- Dispensing and Specialty Closures segment saw >20% year-over-year Adjusted EBIT growth
- Double-digit volume growth in dispensing products
- Announced agreement to acquire Weener Packaging
The company confirmed its 2024 outlook with adjusted net income per diluted share estimated at $3.55 to $3.75, a 7% increase at midpoint over 2023. Free cash flow is expected to be approximately $375 million in 2024.
Silgan Holdings Inc. (NYSE: SLGN) has announced an agreement to acquire Weener Plastics Holdings B.V. for an enterprise value of €838 million. Weener is a leading producer of dispensing solutions for personal care, food, and healthcare products, operating 19 facilities globally with 4,000 employees. The acquisition aims to expand Silgan's global Dispensing and Specialty Closures franchise.
Key points:
- Weener generated sales of €450 million and adjusted EBITDA of €96 million in the 12 months ended May 31, 2024
- Silgan expects to realize €20 million in operational cost synergies within 18 months post-closing
- The acquisition is expected to be accretive to adjusted earnings per share in 2025
- Closing is anticipated in Q4 2024, subject to regulatory approvals
- Silgan plans to fund the purchase with cash on hand and borrowings under its senior secured credit facility