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Silgan Holdings Inc. (SLGN) is a global manufacturer of sustainable packaging solutions for consumer goods brands, specializing in metal food containers, plastic dispensers, and closure systems. This page provides investors and industry professionals with comprehensive access to official company announcements and market-relevant developments.
Find curated updates on earnings reports, sustainability initiatives, manufacturing expansions, and strategic partnerships. Our collection includes press releases detailing product innovations, operational efficiencies, and leadership updates directly from Silgan Holdings.
Key focus areas include advancements in eco-friendly packaging technologies, acquisitions within the industrial manufacturing sector, and financial performance metrics. All content is sourced to ensure alignment with investor communication best practices and regulatory standards.
Bookmark this page for streamlined access to Silgan Holdings' latest corporate developments. Check regularly for updates on how the company maintains its leadership position through sustainable manufacturing and customer-driven packaging solutions.
Silgan Holdings Inc. (Nasdaq:SLGN) will announce its fourth quarter and full year 2021 earnings on January 25, 2022, after U.S. market close. A conference call is scheduled for January 26, 2022, at 11:00 A.M. ET to discuss results. Silgan reported approximately $4.9 billion in annual net sales for 2020 and operates 113 manufacturing facilities globally. The company is a leading supplier of sustainable rigid packaging solutions for various consumer goods.
Silgan Holdings Inc. (Nasdaq:SLGN) has amended its senior secured credit facility, extending loan maturities by over 3 years and increasing its revolving loan facility from $1.2 billion to $1.5 billion. The amendment includes $1.0 billion in new term loans aimed at refinancing existing debt from past acquisitions. The revised terms grant more flexibility for strategic initiatives. The maturity dates have been extended to November 2027 for term loans and November 2026 for revolving loans. This amendment is not expected to impact the company's earnings for 2021.
Silgan Holdings declared a quarterly cash dividend of
Silgan Holdings Inc. (Nasdaq: SLGN) reported a third-quarter 2021 net income of $106.3 million, or $0.96 per diluted share, down from $112.9 million year-over-year. Adjusted net income was $1.02 per diluted share, a slight decrease from $1.04 in Q3 2020. Net sales increased 10.9% to $1.65 billion. The company tightened its full-year adjusted earnings guidance to a range of $3.30 to $3.40 and raised free cash flow expectations to $450 million. Record volumes for Dispensing and Specialty Closures and Metal Containers were noted, although challenges from inflation and supply chain disruptions persisted.
Silgan Holdings (NASDAQ: SLGN) has acquired Easytech Closures S.p.A. for €31.5 million ($36.5 million). Easytech specializes in easy-open metal ends for food applications and is expected to generate approximately €38 million ($45 million) in sales and €6.6 million ($7.8 million) in adjusted EBITDA in 2021. The acquisition aims to enhance operational efficiency, with projected annual synergies of €4.1 million ($4.9 million) within 12 months. The deal is anticipated to be slightly accretive to earnings in 2021 and more so in 2022.
Silgan Holdings Inc. (SLGN) has acquired Unicep Packaging for $237 million, enhancing its precision dosing dispensing capabilities in health care and diagnostics. Unicep is projected to generate approximately $45 million in annual sales and $18.3 million in adjusted EBITDA for 2021. This strategic acquisition aims to broaden Silgan's market exposure, offering tax benefits with a net present value of $35 million, and is expected to be slightly accretive to earnings in 2021 with further growth anticipated in 2022.
Silgan Holdings Inc. (NASDAQ:SLGN) will announce its third quarter 2021 earnings on October 27, 2021, before U.S. markets open. A conference call will take place at 11:00 A.M. ET to discuss the earnings results. Silgan, a leading supplier of sustainable rigid packaging solutions, reported annual net sales of approximately $4.9 billion in 2020 and operates 110 manufacturing facilities across North and South America, Europe, and Asia.
Silgan Holdings (Nasdaq:SLGN) has acquired Gateway Plastics for a purchase price of $485 million. Gateway specializes in dispensing closures and integrated packaging primarily for the food and beverage markets, with projected sales of $150 million and $46 million in adjusted EBITDA for 2021. The acquisition is expected to yield $2 million in annual synergies and $90 million in tax benefits. It is anticipated to be slightly accretive to earnings in 2021 and more so in 2022, enhancing Silgan's market position in dispensing solutions.
On September 20, 2021, TN Capital Advisors announced the appointment of Tony Allott as Senior Advisor. Allott, who previously served as Chairman and CEO of Silgan Holdings Inc. (SLGN), brings over 16 years of experience in the packaging industry, successfully managing numerous acquisitions that enhanced Silgan's global market position. Allott's expertise in strategic planning and execution will bolster True North's advisory services, providing valuable insights into business transactions. His addition aims to strengthen the firm's capabilities in offering differentiated counsel to corporate clients.
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