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.
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Silgan Holdings Inc. (NYSE: SLGN) reported first quarter 2023 net sales of $1.42 billion, experiencing a 2% decline from the previous year. Net income decreased to $72.0 million or $0.65 per diluted share from $84.9 million or $0.76 per diluted share in Q1 2022. Despite challenges including $0.15 per diluted share from interest expenses and foreign currency translation, the company's Dispensing and Specialty Closures segment saw double-digit growth in fragrance and beauty products. The Metal Containers segment reported a 3% organic volume growth, driven by demand for pet food and soup. Silgan confirmed its 2023 adjusted earnings per diluted share guidance of $3.95 to $4.15 and expects robust cash flow of $425 million.
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.