Silgan Holdings Inc., together with its subsidiaries, manufactures and sells rigid packaging for consumer goods products in North America, Europe, and internationally. It operates through three segments: Metal Containers, Closures, and Plastic Containers. The Metal Containers segment manufactures and sells steel and aluminum containers for food products, such as pet food, vegetables, soups, proteins, tomato based products, adult nutritional drinks, fruits, and other miscellaneous food products, as well as general line metal containers primarily for chemicals. The Closures segment offers a range of metal and plastic closures, and dispensing systems for use in food, beverage, health care, garden, home, personal care, and beauty products, as well as capping/sealing equipment and detection systems. The Plastic Containers segment manufactures and sells custom designed and stock plastic containers for use in personal care and health care; food and beverage; household and industrial chemical; pharmaceutical; pet food and care; agricultural; automotive; and marine chemical products. This segment also provides plastic thermoformed barrier and non-barrier bowls, and trays for food products, such as soups, other ready-to-eat meals, and pet food products; and plastic closures, caps, sifters, and fitments, as well as thermoformed plastic tubs for food, household, and personal care products, including soft fabric wipes. The company markets its products primarily through direct sales force, as well as through a network of distributors and an online shopping catalog. Silgan Holdings Inc. was founded in 1987 and is headquartered in Stamford, Connecticut.
IPO Year: 2022
Exchange: NASDAQ
Website: silganholdings.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 8/1/2024 | $46.00 → $53.00 | Underweight → Neutral | JP Morgan |
| 7/8/2024 | $50.00 | Neutral → Buy | Citigroup |
| 1/3/2024 | $44.00 → $47.00 | Buy → Neutral | Citigroup |
| 10/20/2023 | $50.00 → $55.00 | Outperform | Raymond James |
| 7/27/2023 | $53.00 | Neutral → Outperform | Robert W. Baird |
| 4/27/2023 | $56.00 | Neutral → Buy | Citigroup |
| 1/5/2023 | $64.00 | Hold → Buy | Truist |
| 1/27/2022 | $41.00 → $45.00 | Hold | Deutsche Bank |
| 1/27/2022 | $47.00 → $50.00 | Outperform | Raymond James |
| 1/27/2022 | $45.00 → $47.00 | Overweight | Keybanc |
Silgan Holdings Inc. (NYSE:SLGN), a leading supplier of sustainable rigid packaging solutions for the world's essential consumer goods products, announced today that its Board of Directors declared a quarterly cash dividend on its common stock. The Board of Directors approved a $0.19 per share quarterly cash dividend payable on December 16, 2024 to the holders of record of common stock of the Company on December 2, 2024. With this dividend payment, the Company will have paid a quarterly cash dividend on its common stock, which it has increased every year, for eighty-three consecutive quarters since 2004. Silgan is a leading supplier of sustainable rigid packaging solutions for the world's
Highlights Completed acquisition of Weener Packaging Renewed long-term contract with largest customer Delivered double digit growth and record volume in dispensing products Record Dispensing and Specialty Closures segment Adjusted EBIT Anticipates significant growth in 2025 Silgan Holdings Inc. (NYSE:SLGN), a leading supplier of sustainable rigid packaging solutions for the world's essential consumer goods products, today reported third quarter 2024 net sales of $1.75 billion and net income of $100.1 million, or $0.93 per diluted share, as compared to third quarter 2023 net sales of $1.80 billion and net income of $110.6 million, or $1.02 per diluted share. Adjusted net income
Silgan Holdings Inc. (NYSE:SLGN), a leading supplier of sustainable rigid packaging solutions for the world's essential consumer goods products, will release its third quarter 2024 earnings results on Wednesday, October 30, 2024, before the U.S. markets open. At 11:00 a.m. eastern time on that day, Silgan will hold a conference call to discuss the Company's results and performance for this period. Callers in the U.S. and Canada can access the conference call toll free by dialing (866) 416-5346. Callers outside of the U.S. and Canada should dial (773) 305-6865 for the conference call. The confirmation code for the conference call is 6661013. The conference call audio will also be webcast li
Silgan Holdings Inc. (NYSE:SLGN), a leading supplier of sustainable rigid packaging solutions for the world's essential consumer goods products, announced today that its Board of Directors declared a quarterly cash dividend on its common stock. The Board of Directors approved a $0.19 per share quarterly cash dividend payable on September 17, 2024 to the holders of record of common stock of the Company on September 3, 2024. With this dividend payment, the Company will have paid a quarterly cash dividend on its common stock, which it has increased every year, for eighty-two consecutive quarters since 2004. Silgan is a leading supplier of sustainable rigid packaging solutions for the world's
Highlights Volume growth in all segments as customer destocking draws to a close Dispensing and Specialty Closures year-over-year Adjusted EBIT growth of greater than 20% Double digit volume growth in dispensing products Announced agreement to acquire Weener Packaging Silgan Holdings Inc. (NYSE:SLGN), a leading supplier of sustainable rigid packaging solutions for the world's essential consumer goods products, today reported second quarter 2024 net sales of $1.38 billion and net income of $76.1 million, or $0.71 per diluted share, as compared to second quarter 2023 net sales of $1.43 billion and net income of $78.9 million, or $0.71 per diluted share. Adjusted net income pe
Acquisition Will Expand Leading Global Dispensing and Specialty Closures Franchise Investor Conference Call at 9:00 a.m. ET on July 24, 2024 Silgan Holdings Inc. (NYSE:SLGN), a leading supplier of sustainable rigid packaging solutions for the world's essential consumer goods products, announced today that it has entered into a sale and purchase agreement to acquire Weener Plastics Holdings B.V., a leading producer of differentiated dispensing solutions for personal care, food and healthcare products for an enterprise value of €838 million. Weener operates a global network of 19 facilities predominantly in Europe and the Americas, with approximately 4,000 employees and proprietary manufa
Silgan Holdings Inc. (NYSE:SLGN), a leading supplier of sustainable rigid packaging solutions for the world's essential consumer goods products, will release its second quarter 2024 earnings results on Wednesday, July 31, 2024, before the U.S. markets open. At 11:00 a.m. eastern time on that day, Silgan will hold a conference call to discuss the Company's results and performance for this period. Callers in the U.S. and Canada can access the conference call toll free by dialing (866) 409-1555. Callers outside of the U.S. and Canada should dial (323) 701-0225 for the conference call. The confirmation code for the conference call is 5158217. The conference call audio will also be webcast liv
Silgan Holdings Inc. (NYSE:SLGN), a leading supplier of sustainable rigid packaging solutions for the world's essential consumer goods products, announced today that its Board of Directors declared a quarterly cash dividend on its common stock. The Board of Directors approved a $0.19 per share quarterly cash dividend payable on June 17, 2024 to the holders of record of common stock of the Company on June 3, 2024. With this dividend payment, the Company will have paid a quarterly cash dividend on its common stock, which it has increased every year, for eighty-one consecutive quarters since 2004. Silgan is a leading supplier of sustainable rigid packaging solutions for the world's essential
Highlights First quarter 2024 adjusted EPS at the high end of the estimated range Expects improving demand trends in the second quarter of 2024 Significant progress on multi-year $50 million cost reduction program Confirms full year estimates 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 2024 net sales of $1.32 billion and net income of $55.2 million, or $0.52 per diluted share, as compared to first quarter 2023 net sales of $1.42 billion and net income of $72.0 million, or $0.65 per diluted share. Adjusted net income per diluted share for the firs
Silgan Holdings Inc. (NYSE:SLGN), a leading supplier of sustainable rigid packaging solutions for the world's essential consumer goods products, will release its first quarter 2024 earnings results on Wednesday, May 1, 2024, before the U.S. markets open. At 11:00 a.m. eastern time on that day, Silgan will hold a conference call to discuss the Company's results and performance for this period. Callers in the U.S. and Canada can access the conference call toll free by dialing (866) 400-0049. Callers outside of the U.S. and Canada should dial (323) 701-0225 for the conference call. The confirmation code for the conference call is 9625579. The conference call audio will also be webcast live,
Silgan Holdings Inc. (NYSE:SLGN), a leading supplier of sustainable rigid packaging solutions for the world's essential consumer goods products, announced today that its Board of Directors declared a quarterly cash dividend on its common stock. The Board of Directors approved a $0.19 per share quarterly cash dividend payable on December 16, 2024 to the holders of record of common stock of the Company on December 2, 2024. With this dividend payment, the Company will have paid a quarterly cash dividend on its common stock, which it has increased every year, for eighty-three consecutive quarters since 2004. Silgan is a leading supplier of sustainable rigid packaging solutions for the world's
Silgan Holdings Inc. (NYSE:SLGN), a leading supplier of sustainable rigid packaging solutions for the world's essential consumer goods products, announced today that it has completed an amendment to its existing senior secured credit facility. This amendment extends the maturity dates for its senior secured credit facility to five years for revolving loans and six years for term loans from the effective date, removes the springing maturity date provisions with respect to the Company's senior notes and provides additional flexibility for the Company. "We are pleased to announce the successful completion of an amendment to our senior secured credit facility," said Kim Ulmer, Senior Vice Pres
Highlights Completed acquisition of Weener Packaging Renewed long-term contract with largest customer Delivered double digit growth and record volume in dispensing products Record Dispensing and Specialty Closures segment Adjusted EBIT Anticipates significant growth in 2025 Silgan Holdings Inc. (NYSE:SLGN), a leading supplier of sustainable rigid packaging solutions for the world's essential consumer goods products, today reported third quarter 2024 net sales of $1.75 billion and net income of $100.1 million, or $0.93 per diluted share, as compared to third quarter 2023 net sales of $1.80 billion and net income of $110.6 million, or $1.02 per diluted share. Adjusted net income
Silgan Holdings Inc. (NYSE:SLGN), a leading supplier of sustainable rigid packaging solutions for the world's essential consumer goods products, announced today that it has completed its acquisition of Weener Plastics Holdings B.V., a leading producer of differentiated dispensing solutions for personal care, food and healthcare products. Weener operates a global network of 19 facilities predominantly in Europe and the Americas, with approximately 4,000 employees and proprietary manufacturing technologies including significant clean room capabilities. The Company funded the purchase price for this acquisition and related costs and expenses through term and revolving loan borrowings under it
Silgan Holdings Inc. (NYSE:SLGN), a leading supplier of sustainable rigid packaging solutions for the world's essential consumer goods products, will release its third quarter 2024 earnings results on Wednesday, October 30, 2024, before the U.S. markets open. At 11:00 a.m. eastern time on that day, Silgan will hold a conference call to discuss the Company's results and performance for this period. Callers in the U.S. and Canada can access the conference call toll free by dialing (866) 416-5346. Callers outside of the U.S. and Canada should dial (773) 305-6865 for the conference call. The confirmation code for the conference call is 6661013. The conference call audio will also be webcast li
PORTLAND, Tenn., Aug. 12, 2024 (GLOBE NEWSWIRE) -- Shoals Technologies Group, Inc. (NASDAQ:SHLS), a global leader in electrical balance of systems (EBOS) solutions for the energy transition market, today announced that its Board of Directors has appointed Niharika Taskar Ramdev to the Board, effective August 9, 2024. The Board also appointed Ms. Ramdev to be a member of the Audit Committee of the Board. Ms. Ramdev replaces Peter Wilver, who resigned from the Board of Directors as of August 9, 2024. Shoals thanks Mr. Wilver for his service to the Company and its stockholders. "We are grateful to Pete for his outstanding contribution to Shoals and are excited to welcome Niharika to the Boar
Silgan Holdings Inc. (NYSE:SLGN), a leading supplier of sustainable rigid packaging solutions for the world's essential consumer goods products, announced today that its Board of Directors declared a quarterly cash dividend on its common stock. The Board of Directors approved a $0.19 per share quarterly cash dividend payable on September 17, 2024 to the holders of record of common stock of the Company on September 3, 2024. With this dividend payment, the Company will have paid a quarterly cash dividend on its common stock, which it has increased every year, for eighty-two consecutive quarters since 2004. Silgan is a leading supplier of sustainable rigid packaging solutions for the world's
Highlights Volume growth in all segments as customer destocking draws to a close Dispensing and Specialty Closures year-over-year Adjusted EBIT growth of greater than 20% Double digit volume growth in dispensing products Announced agreement to acquire Weener Packaging Silgan Holdings Inc. (NYSE:SLGN), a leading supplier of sustainable rigid packaging solutions for the world's essential consumer goods products, today reported second quarter 2024 net sales of $1.38 billion and net income of $76.1 million, or $0.71 per diluted share, as compared to second quarter 2023 net sales of $1.43 billion and net income of $78.9 million, or $0.71 per diluted share. Adjusted net income pe
Acquisition Will Expand Leading Global Dispensing and Specialty Closures Franchise Investor Conference Call at 9:00 a.m. ET on July 24, 2024 Silgan Holdings Inc. (NYSE:SLGN), a leading supplier of sustainable rigid packaging solutions for the world's essential consumer goods products, announced today that it has entered into a sale and purchase agreement to acquire Weener Plastics Holdings B.V., a leading producer of differentiated dispensing solutions for personal care, food and healthcare products for an enterprise value of €838 million. Weener operates a global network of 19 facilities predominantly in Europe and the Americas, with approximately 4,000 employees and proprietary manufa
Silgan Holdings Inc. (NYSE:SLGN), a leading supplier of sustainable rigid packaging solutions for the world's essential consumer goods products, will release its second quarter 2024 earnings results on Wednesday, July 31, 2024, before the U.S. markets open. At 11:00 a.m. eastern time on that day, Silgan will hold a conference call to discuss the Company's results and performance for this period. Callers in the U.S. and Canada can access the conference call toll free by dialing (866) 409-1555. Callers outside of the U.S. and Canada should dial (323) 701-0225 for the conference call. The confirmation code for the conference call is 5158217. The conference call audio will also be webcast liv
PORTLAND, Tenn., Aug. 12, 2024 (GLOBE NEWSWIRE) -- Shoals Technologies Group, Inc. (NASDAQ:SHLS), a global leader in electrical balance of systems (EBOS) solutions for the energy transition market, today announced that its Board of Directors has appointed Niharika Taskar Ramdev to the Board, effective August 9, 2024. The Board also appointed Ms. Ramdev to be a member of the Audit Committee of the Board. Ms. Ramdev replaces Peter Wilver, who resigned from the Board of Directors as of August 9, 2024. Shoals thanks Mr. Wilver for his service to the Company and its stockholders. "We are grateful to Pete for his outstanding contribution to Shoals and are excited to welcome Niharika to the Boar
Silgan Holdings Inc. (NYSE:SLGN), a leading supplier of sustainable rigid packaging for consumer goods products, announced that R. Philip Silver informed the Company today of his decision to retire as a Director of the Company, effective following the conclusion of the Company's Board of Directors meeting held today. Mr. Silver co-founded the Company together with D. Greg Horrigan 35 years ago and has served as a Director of the Company since its founding. Mr. Silver had also served as the Company's Chairman of the Board in an executive capacity and Co-Chairman of the Board in both an executive and non-executive capacity from its founding until March 2019. "From the initial founding of Sil
Silgan Holdings Inc. (NASDAQ:SLGN), a leading supplier of sustainable rigid packaging solutions for consumer goods products, announced today that, as part of the continuation of its long-term succession planning, Anthony J. Allott has been appointed Non-Executive Chairman of the Board of Directors of the Company, effective April 1, 2022, having served as Executive Chairman until that time. "This is the next planned logical step of our long-term succession plan which we have been successfully implementing over the last several years. With his experience leading Silgan for twenty years and his almost thirty years of experience in packaging, we are delighted that Tony will continue to lead ou
8-K - SILGAN HOLDINGS INC (0000849869) (Filer)
10-Q - SILGAN HOLDINGS INC (0000849869) (Filer)
8-K - SILGAN HOLDINGS INC (0000849869) (Filer)
8-K - SILGAN HOLDINGS INC (0000849869) (Filer)
8-K - SILGAN HOLDINGS INC (0000849869) (Filer)
10-Q - SILGAN HOLDINGS INC (0000849869) (Filer)
8-K - SILGAN HOLDINGS INC (0000849869) (Filer)
8-K - SILGAN HOLDINGS INC (0000849869) (Filer)
8-K - SILGAN HOLDINGS INC (0000849869) (Filer)
8-K - SILGAN HOLDINGS INC (0000849869) (Filer)
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Citigroup analyst Anthony Pettinari upgrades Silgan Hldgs (NYSE:SLGN) from Neutral to Buy and announces $50 price target.
Silgan Hldgs's (NYSE:SLGN) short percent of float has risen 3.65% since its last report. The company recently reported that it has 1.31 million shares sold short, which is 1.42% of all regular shares that are available for trading. Based on its trading volume, it would take traders 2.52 days to cover their short positions on average. Why Short Interest Matters Short interest is the number of shares that have been sold short but have not yet been covered or closed out. Short selling is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises. Short interest i
Wells Fargo analyst Gabe Hajde maintains Silgan Hldgs (NYSE:SLGN) with a Overweight and lowers the price target from $55 to $54.
Outlook for 2024 The Company is confirming its estimate of adjusted net income per diluted share for the full year of 2024 in the range of $3.55 to $3.75, a 7% increase at the midpoint of the range over adjusted net income per diluted share of $3.40 in 2023. Volumes in all segments for 2024 are expected to be higher than 2023 levels. Adjusted net income per diluted share excludes certain items as outlined in Table C at the back of this press release. The Company anticipates interest and other debt expense in 2024 of approximately $170 million and an effective tax rate for 2024 of approximately 24 - 25%. The Company currently estimates that free cash flow in 2024 will be approximately $375
Outlook for 2024 The Company is confirming its estimate of adjusted net income per diluted share for the full year of 2024 in the range of $3.55 to $3.75, a 7% increase at the midpoint of the range over adjusted net income per diluted share of $3.40 in 2023. Volumes in all segments for 2024 are expected to be higher than 2023 levels. Adjusted net income per diluted share excludes certain items as outlined in Table C at the back of this press release. The Company anticipates interest and other debt expense in 2024 of approximately $170 million and an effective tax rate for 2024 of approximately 24 - 25%. The Company currently estimates that free cash flow in 2024 will be approximately $375
Silgan Hldgs (NYSE:SLGN) reported quarterly earnings of $0.69 per share which beat the analyst consensus estimate of $0.65 by 6.15 percent. The company reported quarterly sales of $1.317 billion which missed the analyst consensus estimate of $1.373 billion by 4.10 percent. This is a 7.12 percent decrease over sales of $1.418 billion the same period last year.
Wells Fargo analyst Gabe Hajde maintains Silgan Hldgs (NYSE:SLGN) with a Overweight and raises the price target from $52 to $55.
The dividend is payable on March 28, 2024 to the holders of record of the common stock of the Company on March 14, 2024.
Citigroup analyst Anthony Pettinari maintains Silgan Hldgs (NYSE:SLGN) with a Neutral and raises the price target from $47 to $51.
JP Morgan upgraded Silgan Holdings from Underweight to Neutral and set a new price target of $53.00 from $46.00 previously
Citigroup upgraded Silgan Holdings from Neutral to Buy and set a new price target of $50.00
Citigroup downgraded Silgan Holdings from Buy to Neutral and set a new price target of $47.00 from $44.00 previously
Raymond James resumed coverage of Silgan Holdings with a rating of Outperform and set a new price target of $55.00 from $50.00 previously
Robert W. Baird upgraded Silgan Holdings from Neutral to Outperform and set a new price target of $53.00
Citigroup upgraded Silgan Holdings from Neutral to Buy and set a new price target of $56.00
Truist upgraded Silgan Holdings from Hold to Buy and set a new price target of $64.00
Deutsche Bank reiterated coverage of Silgan Hldgs with a rating of Hold and set a new price target of $45.00 from $41.00 previously
Raymond James reiterated coverage of Silgan Hldgs with a rating of Outperform and set a new price target of $50.00 from $47.00 previously
Keybanc reiterated coverage of Silgan Hldgs with a rating of Overweight and set a new price target of $47.00 from $45.00 previously