Silgan Holdings Inc Stock Price, News & Analysis

Silgan Holdings Inc. (NYSE:SLGN), a leading provider of sustainable packaging solutions, announced today that D. Greg Horrigan will not seek reelection as a Class II Director at the upcoming 2023 annual meeting. Co-founder of the company, Horrigan has served on the board since its inception 36 years ago. His leadership is recognized as pivotal in establishing a customer-focused model that supports the company’s competitive advantage. Silgan reported annual net sales of approximately $6.4 billion in 2022 and operates 112 manufacturing facilities across North and South America, Europe, and Asia, supplying various consumer goods products.

Silgan Holdings (NYSE:SLGN) will release its Q1 2023 earnings on April 26, 2023, before U.S. markets open. A conference call will be held at 11:00 A.M. ET to discuss the results. In 2022, Silgan recorded annual net sales of approximately $6.4 billion and operates 112 manufacturing facilities across North and South America, Europe, and Asia. The company specializes in sustainable rigid packaging solutions for essential consumer goods and is a leading supplier of closures and metal containers for various sectors.

Silgan Holdings Inc. (NYSE:SLGN) has elected Kimberly I. Ulmer as Chief Financial Officer, effective immediately. Ulmer joined the company in 2004 and will also retain her roles as Senior Vice President and Treasurer. Robert B. Lewis, the previous CFO, will continue on the Executive Office as Executive Vice President, Corporate Development, and Administration. CEO Adam Greenlee commended Ulmer's nearly two-decade tenure and expertise, while highlighting Lewis's significant contributions. Silgan operates 112 manufacturing facilities globally and reported annual net sales of approximately $6.4 billion in 2022.

Silgan Holdings Inc. (NYSE:SLGN) announced a $0.18 per share quarterly cash dividend, reflecting a 12.5% increase from last year. The dividend is payable on March 31, 2023, to shareholders of record on March 17, 2023. This marks the 19th consecutive annual dividend increase since the program's inception in 2004. Silgan reported annual net sales of approximately $6.4 billion in 2022 and operates 112 manufacturing facilities globally. The company is a major supplier of sustainable packaging solutions for essential consumer goods.

Silgan Holdings Inc. (NYSE:SLGN), a leader in sustainable rigid packaging, will participate in the Barclays Industrial Select Conference on February 23, 2023, starting at 11:30 a.m. ET, with Executive Vice President and CFO Robert Lewis speaking. The company will also attend the BofA Securities 2023 Global Agriculture and Materials Conference on March 1, 2023, at 3:50 p.m. ET, featuring President and CEO Adam Greenlee along with Robert Lewis. Both events will be available via live webcast and for 30 days on Silgan's website. Silgan reported annual net sales of approximately $6.4 billion in 2022 and operates 112 manufacturing facilities worldwide.

Silgan Holdings reported record net sales of $6.41 billion for 2022, a 12.9% increase from 2021. The company's net income was $340.8 million, equating to $3.07 per diluted share. Adjusted EPS reached a record $3.98, a 17% rise year-over-year. Cash from operations stood at $748.4 million, with free cash flow of $368.2 million. The Dispensing and Specialty Closures segment saw sales grow to $2.32 billion, while Metal Containers segment sales reached $3.37 billion. The company forecasts adjusted net income per diluted share of $3.95 to $4.15 for 2023, amid expectations for organic volume growth across all segments.

Silgan Holdings Inc. (NYSE:SLGN) will announce its fourth quarter and full year 2022 earnings results on January 24, 2023, after U.S. markets close. A conference call to discuss these results is scheduled for January 25, 2023, at 11:00 A.M. Eastern Time. Silgan, a leader in sustainable rigid packaging, reported annual net sales of approximately $5.7 billion in 2021 and operates 112 manufacturing facilities worldwide. The conference call can be accessed via phone or through a live webcast on their website, with a rebroadcast available until February 7, 2023.

Silgan Holdings Inc. (NYSE:SLGN) entered into a new amended and restated stockholders agreement with co-founders D. Greg Horrigan and R. Philip Silver. This agreement removes their contractual right to nominate all Directors while retaining the right to nominate one Director as long as they own at least 5% of the company's Common Stock. A new Nominating Committee comprised of independent Directors has been established to assist in identifying qualified Board nominees. Silgan reported annual net sales of approximately $5.7 billion in 2021 and operates 112 manufacturing facilities globally.

Silgan Holdings Inc. (NYSE:SLGN), a leader in sustainable rigid packaging, will participate in the Baird 2022 Global Industrial Conference on November 9, 2022. Key executives, including President and CEO Adam Greenlee and Senior VP Kimberly Ulmer, will present starting at 8:30 a.m. central time. The event will be webcast live and available for later viewing on Silgan’s website. The company reported approximately $5.7 billion in annual net sales for 2021 and operates 112 manufacturing facilities across the Americas, Europe, and Asia.