The market expects Silgan Holdings (SLGN - Free Report) to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended September 2026. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.
The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on October 29. On the other hand, if they miss, the stock may move lower.
While the sustainability of the immediate price change and future earnings expectations will mostly depend on management's discussion of business conditions on the earnings call, it's worth handicapping the probability of a positive EPS surprise.
Zacks Consensus EstimateThis packaging products supplier is expected to post quarterly earnings of $1.25 per share in its upcoming report, which represents a year-over-year change of +2.5%.
Revenues are expected to be $2.07 billion, up 3.2% from the year-ago quarter.
Estimate Revisions TrendThe consensus EPS estimate for the quarter has been revised 0.63% higher over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.
Investors should keep in mind that the direction of estimate revisions by each of the covering analysts may not always get reflected in the aggregate change.
Price, Consensus and EPS Surprise
Earnings WhisperEstimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. Our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction) -- has this insight at its core.
The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.
Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only.
A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP.
Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell).
How Have the Numbers Shaped Up for Silgan?For Silgan, the Most Accurate Estimate is lower than the Zacks Consensus Estimate, suggesting that analysts have recently become bearish on the company's earnings prospects. This has resulted in an Earnings ESP of -0.68%.
On the other hand, the stock currently carries a Zacks Rank of #4.
So, this combination makes it difficult to conclusively predict that Silgan will beat the consensus EPS estimate.
Does Earnings Surprise History Hold Any Clue?While calculating estimates for a company's future earnings, analysts often consider to what extent it has been able to match past consensus estimates. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number.
For the last reported quarter, it was expected that Silgan would post earnings of $0.96 per share when it actually produced earnings of $0.98, delivering a surprise of +2.08%.
Over the last four quarters, the company has beaten consensus EPS estimates four times.
Bottom LineAn earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss.
That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.
Silgan doesn't appear a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
Is Consumer Discretionary a Dead End? These 3 Stocks Say NoSilgan NYSE: SLGN said it has agreed to acquire Trivium Packaging in an all-cash transaction valued at approximately $3.4 billion and plans to combine Trivium with its existing metal containers and food and beverage flat-cap closures operations.
The combined metal packaging business, to be called Silgan MCC, would be controlled by Silgan, which would retain a 60% common-equity interest. Funds affiliated with American Industrial Partners, or AIP, would contribute about $1 billion in cash for a 40% stake. Silgan said it expects to receive approximately $2.3 billion in cash proceeds at closing while continuing to consolidate Silgan MCC in its financial results.
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3 Mid Cap Dividend Growers That are Still CheapPresident and CEO Adam Greenlee described the transaction as a “transformative step” in the company’s portfolio evolution. He said the structure is intended to strengthen Silgan’s metal packaging operations while providing more financial flexibility for its dispensing and custom containers businesses.
Scale, synergies and financial structure
Silgan said the combined company would have more than 100 manufacturing facilities and the capacity to produce more than 27 billion cans and over 30 billion closures annually. The transaction expands Silgan’s European presence and adds positions in aerosols and aluminum beverage bottles through Trivium, while combining those operations with Silgan’s North American food-can and global food and beverage closure businesses.
The company expects Silgan MCC to generate approximately $7.3 billion in sales and $1.2 billion in adjusted EBITDA, including $225 million of anticipated synergies. Management said the synergies are expected to consist of approximately 50% operations savings, 30% procurement savings and 20% selling, general and administrative savings.
Silgan expects to realize approximately $75 million of run-rate synergies in the first year, $150 million in the second year and $225 million in the third year. The company estimated one-time costs to achieve those savings at roughly $225 million, with about $100 million expected in each of the first two years and the remainder in the third year.
Chief Financial Officer Shawn Fabry said Trivium is being acquired at approximately 7.1 times last-12-month EBITDA, or 4.8 times including expected synergies. At closing, Silgan MCC is expected to have approximately $4.6 billion of net debt and net leverage of about 4 times, including the projected run-rate synergies. Fabry said the business is expected to incur approximately $4.9 billion of debt at closing, with an interest rate of roughly 7% based on prevailing forward curves.
Management characterized the overall transaction as leverage-neutral for Silgan on a consolidated basis. The company said its dispensing operation would have initial pro forma net leverage of about 1.8 times, while expected capital expenditures at Silgan MCC would be around 3% of sales.
Dispensing business to operate as focused growth platform
Silgan’s remaining wholly owned dispensing and custom containers businesses will be combined into a renamed Silgan Dispensing Solutions segment. The business currently generates approximately $2.5 billion in sales and $555 million of adjusted EBITDA, representing an adjusted EBITDA margin of about 22%, according to the company.
Greenlee said the revised structure would allow Silgan to continue pursuing organic investment and acquisitions in dispensing without changing its returns-based approach to capital allocation. He said the company’s acquisition pipeline for dispensing remains strong and that the transaction does not alter its expansion priorities for that business.
Silgan Dispensing Solutions employs more than 11,000 people and operates 66 manufacturing facilities, with approximately half of sales in North America, 34% in Europe and 16% elsewhere. Its products include fragrance and fine-mist dispensing systems, healthcare and drug-delivery products, trigger sprayers and plastic containers.
The company cited high-single-digit growth potential in healthcare and pharmaceutical markets, mid-single-digit potential in fragrance, beauty and personal care, and low-single-digit potential in home care and lawn and garden. Since 2017, Silgan said it has invested more than $4 billion in dispensing-related acquisitions and organic investments.
Path to a potential separation
Silgan said the transaction establishes a path for Silgan MCC to become an independent public company through a tax-free distribution. Management did not provide a specific timetable, saying timing would depend on integration progress, synergy realization, business readiness and market conditions.
During the call, Greenlee said the company’s immediate focus will be integrating the businesses and delivering first-year synergies. Once those savings are realized and there is a clear route to second-year synergies, Silgan could pursue an accelerated separation process.
On a pro forma basis, including the full expected synergies, Silgan said the combined portfolio would generate approximately $10 billion in sales and $1.7 billion in adjusted EBITDA. The company expects the transaction to be at least 15% accretive to adjusted earnings per share and free cash flow, including AIP’s minority interest and prevailing interest-rate assumptions.
About Silgan (NYSE:SLGN)Silgan Holdings Inc NYSE: SLGN is a manufacturer of rigid packaging for consumer goods. The company produces metal containers, plastic containers, closures and dispensing systems used to package food, pet food, beverages, household products, personal-care items, chemicals, paints and other products.
Silgan's business is organized around metal containers, closures and dispensing systems. Its products include steel cans, plastic containers, caps, lids, pumps, sprayers and other dispensing components.
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected].
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NORWALK, Conn. & AMSTERDAM & NEW YORK--(BUSINESS WIRE)--Silgan Holdings Inc. (NYSE: SLGN) (“Silgan” or the “Company”), Trivium Packaging B.V. (“Trivium”), and funds affiliated with American Industrial Partners ("AIP") today announced a proposed transaction that will combine Silgan's Metal Containers segment and Food and Beverage Flat Cap Closures businesses with Trivium to create Silgan Metal Containers and Closures (“Silgan MCC”). The combination is a transformational next step that accelerate.
, /PRNewswire/ -- Following the decision of Ontario Teachers' Pension Plan to sell its majority stake in Trivium Packaging B.V. ("Trivium") to Silgan Holdings Inc. (NYSE: SLGN) ("Silgan") and funds affiliated with American Industrial Partners ("AIP"), Ardagh Group, as minority joint venture partner, has entered into the agreement to sell its entire ~42% stake in Trivium. The transaction values Trivium at approximately $3.4 billion.
Trivium is a supplier of metal packaging in the form of cans and aerosol containers, serving a broad range of end-use categories, including food, seafood, pet food and nutrition, as well as beauty and personal care. Trivium recorded revenues of $3 billion in 2025. For more information, visit www.TriviumPackaging.com.
The proposed sale is expected to close in mid-2027 and is subject to required regulatory approvals, completion of applicable works council consultation processes, and satisfaction of other customary closing conditions. The transaction is expected to result in estimated net cash proceeds to Ardagh Group of approximately $90 million, which are expected to be used towards reinvestment in the business or deleveraging.
Mark Porto, Executive Chairman of Ardagh Group, said:
"The sale agreement of Ardagh Group's minority investment stake in Trivium represents a favourable outcome for all stakeholders. Trivium's combination with Silgan creates a highly complementary business. For Ardagh Group, the disposal of a non-core investment helps to simplify our overall business and organisational structure, with the net cash proceeds expected to be used towards reinvestment in the business or towards debt reduction."
Evercore is serving as lead financial advisor to Trivium and its shareholders. J.P. Morgan and BMO Capital Markets are also serving as financial advisors in connection with the transaction.
Weil, Gotshal & Manges LLP and Paul, Weiss, Rifkind, Wharton & Garrison LLP are serving as legal counsel to Trivium and its shareholders.
About Ardagh Group
Ardagh Holdings S.A. is the ultimate parent company of Ardagh Group, which is a global supplier of inherently recyclable metal beverage and glass container packaging for brand owners around the world. Ardagh Group operates 58 metal and glass production facilities in 16 countries, employing approximately 19,000 people with sales of approximately $9.6 billion.
Disclaimer
Forward-Looking Statements
This press release contains "forward-looking" statements. Any statements that express or involve discussions with respect to proposals, predictions, expectations, beliefs, plans, projections, objectives, goals, assumptions or future events or performance are not statements of historical facts and may be "forward looking" statements. Forward-looking statements are based on expectations, estimates and projections at the time the statements are made that involve a number of risks and uncertainties that could cause actual results or events to differ materially from those presently anticipated, many of which may be beyond our control, including, but not limited to, statements regarding any potential transaction. Forward looking statements may be identified through the use of words such as "expects," "will," "anticipates," "estimates," "believes," or by statements indicating certain actions "may," "could," "should" or "might" occur. We caution you that the forward-looking information presented in this press release is not a guarantee of future events, and that actual events may differ materially from those made in or suggested by the forward-looking information contained in this press release. Under no circumstances should the inclusion of such forward-looking statements in this press release be regarded as a representation or warranty by us or any other person with respect to the achievement of results set out in such statements or that the underlying assumptions used will in fact be the case. Therefore, you are cautioned not to place undue reliance on these forward-looking statements. Any forward-looking information presented herein is made only as of the date of this press release, and we do not undertake any obligation to update or revise any forward-looking information to reflect changes in assumptions, the occurrence of unanticipated events, or otherwise.
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Stock to Watch: Silgan Holdings (SLGN - Free Report) Silgan Holdings is a leading supplier of rigid packaging for consumer goods products. Its products are used in diverse end markets. It is the largest metal-container supplier for food products in North America. Silgan operates 120 manufacturing facilities in North and South America, Europe and Asia. Its product lines include steel and aluminum containers for human and pet food; custom-designed plastic containers for personal care, healthcare, pharmaceutical, household, industrial chemical, food, pet care, agricultural chemical, automotive and marine chemical products; and metal, composite and plastic closures for food and beverage products.
SLGN is a #3 (Hold) on the Zacks Rank, with a VGM Score of B.
It also boasts a Value Style Score of A thanks to attractive valuation metrics like a forward P/E ratio of 9.18; value investors should take notice.
One analyst revised their earnings estimate upwards in the last 60 days for fiscal 2026. The Zacks Consensus Estimate has increased $0.01 to $3.82 per share. SLGN boasts an average earnings surprise of +2.9%.
With a solid Zacks Rank and top-tier Value and VGM Style Scores, SLGN should be on investors' short list.
Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
I may go long and/or write put options on Silgan, but this is unlikely to happen within the next 72 hours.
Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.
Silgan Holdings Inc. (NYSE:SLGN – Get Free Report) shares gapped down before the market opened on Monday after Citigroup lowered their price target on the stock from $54.00 to $49.00. The stock had previously closed at $34.87, but opened at $33.70. Citigroup currently has a buy rating on the stock. Silgan shares last traded at $34.8130, with a volume of 104,480 shares traded.
A number of other equities research analysts also recently commented on SLGN. Raymond James Financial reiterated an “outperform” rating and issued a $59.00 price objective on shares of Silgan in a report on Wednesday, July 15th. Royal Bank Of Canada raised Silgan from a “sector perform” rating to an “outperform” rating and upped their price target for the company from $51.00 to $58.00 in a research note on Thursday, August 13th. Weiss Ratings upgraded shares of Silgan from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, July 15th. UBS Group set a $47.00 price objective on shares of Silgan and gave the stock a “neutral” rating in a research note on Thursday, July 30th. Finally, BMO Capital Markets initiated coverage on shares of Silgan in a report on Thursday, July 16th. They set an “outperform” rating and a $57.00 price objective for the company. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $52.60.
View Our Latest Analysis on SLGN
Hedge Funds Weigh In On Silgan Several institutional investors and hedge funds have recently modified their holdings of the business. Parkside Financial Bank & Trust increased its holdings in Silgan by 105.6% during the 2nd quarter. Parkside Financial Bank & Trust now owns 627 shares of the industrial products company’s stock worth $29,000 after purchasing an additional 322 shares in the last quarter. Skylands Capital LLC lifted its holdings in shares of Silgan by 0.9% in the first quarter. Skylands Capital LLC now owns 43,300 shares of the industrial products company’s stock valued at $1,680,000 after purchasing an additional 400 shares in the last quarter. Oregon Public Employees Retirement Fund boosted its position in shares of Silgan by 2.3% during the first quarter. Oregon Public Employees Retirement Fund now owns 17,953 shares of the industrial products company’s stock worth $697,000 after buying an additional 400 shares during the period. State of Michigan Retirement System grew its holdings in shares of Silgan by 1.9% during the first quarter. State of Michigan Retirement System now owns 21,100 shares of the industrial products company’s stock worth $819,000 after buying an additional 400 shares in the last quarter. Finally, Allworth Financial LP acquired a new stake in Silgan in the 2nd quarter valued at approximately $28,000. 70.25% of the stock is currently owned by institutional investors and hedge funds. Silgan Price Performance The stock has a market cap of $3.68 billion, a P/E ratio of 13.63, a PEG ratio of 2.03 and a beta of 0.67. The company has a 50 day simple moving average of $40.15 and a 200 day simple moving average of $40.69. The company has a current ratio of 1.27, a quick ratio of 0.80 and a debt-to-equity ratio of 1.54.
Silgan (NYSE:SLGN – Get Free Report) last announced its quarterly earnings data on Wednesday, July 29th. The industrial products company reported $0.98 EPS for the quarter, topping analysts’ consensus estimates of $0.96 by $0.02. Silgan had a net margin of 4.05% and a return on equity of 16.74%. The business had revenue of $1.64 billion for the quarter, compared to analyst estimates of $1.62 billion. During the same quarter in the previous year, the firm posted $1.01 earnings per share. The firm’s revenue for the quarter was up 6.8% on a year-over-year basis. Silgan has set its FY 2026 guidance at 3.730-3.930 EPS and its Q3 2026 guidance at 1.210-1.310 EPS. Sell-side analysts forecast that Silgan Holdings Inc. will post 3.82 earnings per share for the current fiscal year.
Silgan Announces Dividend The business also recently announced a quarterly dividend, which was paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st were given a $0.21 dividend. The ex-dividend date of this dividend was Tuesday, September 1st. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.4%. Silgan’s payout ratio is currently 32.94%.
Silgan Company Profile (Get Free Report)
Silgan Holdings Inc (NYSE: SLGN) is a manufacturer of rigid packaging for consumer goods. The company produces metal containers, plastic containers, closures and dispensing systems used to package food, pet food, beverages, household products, personal-care items, chemicals, paints and other products.
Silgan’s business is organized around metal containers, closures and dispensing systems. Its products include steel cans, plastic containers, caps, lids, pumps, sprayers and other dispensing components.
See Also Five stocks we like better than Silgan Follow the Money: 5 AI Stocks Buying Back Shares by the Billions First Citizens BancShares vs MP Materials: A Tale of 2 Regulation Bets These 3 Short-Squeeze Candidates Have Catalysts, But Their Risks Are Just as Large 3 High-Yield Dividend Stocks That May Be Safer Than They Seem Receive News & Ratings for Silgan Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Silgan and related companies with MarketBeat.com's FREE daily email newsletter.
The most oversold stocks in the materials sector presents an opportunity to buy into undervalued companies.
The RSI is a momentum indicator, which compares a stock’s strength on days when prices go up to its strength on days when prices go down. When compared to a stock’s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered oversold when the RSI is below 30, according to Benzinga Pro.
Here’s the latest list of major oversold players in this sector, having an RSI near or below 30.
Ball Corp (NYSE:BALL) On Sept. 11, Ball announced investment in new manufacturing facility in Uttar Pradesh, India. “Our vision is to build a plant network in India that supports our customers and reaches the majority of states across India,” said Mandy Glew, senior vice president and president, Europe, Middle East, Africa and Asia. The company’s stock fell around 9% over the past month and has a 52-week low of $44.83. RSI Value: 28.5 BALL Price Action: Shares of Ball fell 1.9% to close at $58.82 on Wednesday. Edge Stock Ratings: 50.56 Momentum score with Value at 10.72. Perimeter Solutions Inc (NYSE:PRM) On July 31, Perimeter Solutions reported worse-than-expected second-quarter financial results. The company’s stock fell around 11% over the past five days and has a 52-week low of $19.70. RSI Value: 29.2 PRM Price Action: Shares of Perimeter Solutions fell 5% to close at $28.28 on Wednesday. Benzinga Pro’s charting tool helped identify the trend in PRM stock. Silgan Holdings Inc (NYSE:SLGN) On July 29, Silgan lowered its FY2026 GAAP EPS guidance below estimates. The company’s stock fell around 13% over the past month has a 52-week low of $35.68. RSI Value: 29 SLGN Price Action: Shares of Silgan Holdings fell 0.8% to close at $37.15 on Wednesday. Benzinga Pro’s signals feature notified of a potential breakout in SLGN shares. Learn more about BZ Edge Rankings—click to see scores for other stocks in the sector and see how they compare.
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Thus, the more stocks you own with a #1 or #2 Rank and Scores of A or B, the better.
Stock to Watch: Silgan Holdings (SLGN - Free Report) Silgan Holdings is a leading supplier of rigid packaging for consumer goods products. Its products are used in diverse end markets. It is the largest metal-container supplier for food products in North America. Silgan operates 120 manufacturing facilities in North and South America, Europe and Asia. Its product lines include steel and aluminum containers for human and pet food; custom-designed plastic containers for personal care, healthcare, pharmaceutical, household, industrial chemical, food, pet care, agricultural chemical, automotive and marine chemical products; and metal, composite and plastic closures for food and beverage products.
SLGN is a #3 (Hold) on the Zacks Rank, with a VGM Score of B.
It also boasts a Value Style Score of A thanks to attractive valuation metrics like a forward P/E ratio of 10.06; value investors should take notice.
Four analysts revised their earnings estimate higher in the last 60 days for fiscal 2026, while the Zacks Consensus Estimate has increased $0.03 to $3.82 per share. SLGN also boasts an average earnings surprise of +2.9%.
With a solid Zacks Rank and top-tier Value and VGM Style Scores, SLGN should be on investors' short list.
A month has gone by since the last earnings report for Silgan Holdings (SLGN - Free Report) . Shares have added about 1.9% in that time frame, underperforming the S&P 500.
But investors have to be wondering, will the recent positive trend continue leading up to its next earnings release, or is Silgan due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important drivers.
Silgan Holdings Q2 Earnings Top Estimates on Rise in Metal ContainersSilgan Holdings reported second-quarter 2026 adjusted earnings of 98 cents per share, beating the Zacks Consensus Estimate of 96 cents by 2.08%. The bottom line declined 3% from $1.01 in the year-ago quarter.
Including one-time items, earnings were 72 cents per share compared with earnings of 83 cents in the prior-year quarter.
Net revenues increased 6.8% year over year to $1.64 billion and surpassed the consensus estimate of $1.62 billion by 1.54%. Higher raw-material cost pass-throughs supported revenues, while high-single-digit growth in fragrance dispensing products and pet food metal containers stood out operationally.
SLGN’s Q2 Costs & MarginsIn second-quarter 2026, the cost of goods sold increased 8.7% year over year to $1.35 billion. Gross profit declined 1.4% to $295 million. The gross margin was 17.9% compared with the prior-year quarter’s 19.4%.
Selling, general and administrative expenses were $127 million, up 4.1% year over year. The company reported an adjusted operating income of $185.3 million compared with $193 million in the prior-year quarter. The adjusted operating margin was 11.3% compared with the prior-year quarter’s 12.5%.
Silgan Holdings’ Q2 Segmental PerformanceRevenues in the Dispensing and Specialty Closures segment rose 1.7% year over year to $714 million. Results benefited from the pass-through of higher raw-material and other costs and favorable foreign currency translation but were partially offset by lower volumes and an unfavorable product mix. The segment’s adjusted EBITDA was $146.9 million compared with $145.5 million in second-quarter 2025.
The Metal Containers segment’s revenues improved 13% year over year to $764 million due to the contractual pass-through of higher raw-material and manufacturing costs. Volumes were comparable with the prior-year quarter, as growth in pet food markets was offset by weaker fruit, vegetable and soup volumes. The segment’s adjusted EBITDA was $86.2 million compared with $84.4 million in the prior-year quarter.
In the Custom Containers segment, revenues increased 2.9% year over year to $165.5 million. Favorable price and product mix aided revenues, partially offset by a 4% decline in volumes. The segment reported adjusted EBITDA of $35.2 million, up from the previous-year quarter’s $33.6 million.
SLGN's Cash Flow & Balance SheetSilgan had cash and cash equivalents of $0.35 billion at June 30, 2026, compared with $1.08 billion at the end of 2025. Total debt was $4.83 billion, up from $4.35 billion at year-end.
The company used $993.9 million of cash in operating activities during the first six months of 2026 compared with $904.9 million in the prior-year period. Capital expenditure was $146.7 million versus $155.7 million a year earlier.
SLGN used $993.9 million in cash in operating activities compared with an outflow of $904.9 million in the first six months of 2025.
Silgan Holdings Reaffirms 2026 OutlookSLGN reaffirmed its 2026 adjusted earnings guidance of $3.73-$3.93 per share. The midpoint implies growth of 3% from the adjusted earnings of $3.72 per share reported in 2025.
The company also maintained its free cash flow forecast of $450 million and capital expenditure estimate of $310 million.
For the third quarter, SLGN expects adjusted earnings of $1.21-$1.31 per share compared with $1.22 in the year-ago period.
How Have Estimates Been Moving Since Then?It turns out, estimates revision have trended downward during the past month.
VGM ScoresAt this time, Silgan has a average Growth Score of C, though it is lagging a bit on the Momentum Score front with a D. However, the stock was allocated a score of A on the value side, putting it in the top quintile for value investors.
Overall, the stock has an aggregate VGM Score of C. If you aren't focused on one strategy, this score is the one you should be interested in.
OutlookEstimates have been broadly trending downward for the stock, and the magnitude of these revisions indicates a downward shift. Interestingly, Silgan has a Zacks Rank #3 (Hold). We expect an in-line return from the stock in the next few months.
Silgan Holdings Inc. (NYSE: SLGN - Get Free Report) has received an average recommendation of "Moderate Buy" from the twelve ratings firms that are currently covering the company, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating
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Stock to Watch: Silgan Holdings (SLGN - Free Report) Silgan Holdings is a leading supplier of rigid packaging for consumer goods products. Its products are used in diverse end markets. It is the largest metal-container supplier for food products in North America. Silgan operates 113 manufacturing facilities in North and South America, Europe and Asia. Its product lines include steel and aluminum containers for human and pet food; custom-designed plastic containers for personal care, healthcare, pharmaceutical, household, industrial chemical, food, pet care, agricultural chemical, automotive and marine chemical products; and metal, composite and plastic closures for food and beverage products.
SLGN is a #3 (Hold) on the Zacks Rank, with a VGM Score of B.
It also boasts a Value Style Score of A thanks to attractive valuation metrics like a forward P/E ratio of 10.95; value investors should take notice.
For fiscal 2026, five analysts revised their earnings estimate upwards in the last 60 days, and the Zacks Consensus Estimate has increased $0.02 to $3.81 per share. SLGN boasts an average earnings surprise of +2.9%.
With a solid Zacks Rank and top-tier Value and VGM Style Scores, SLGN should be on investors' short list.
NORWALK, Conn.--(BUSINESS WIRE)--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 $0.21 per share quarterly cash dividend payable on September 15, 2026 to the holders of record of common stock of the Company on September 1, 2026. With this dividend payment, the Company will have paid a quarterly cash dividend on its common stock, which it has increased every year, for ninety consecutive quarters since 2004.
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Silgan is a leading supplier of sustainable rigid packaging solutions for the world's essential consumer goods products with annual net sales of approximately $6.5 billion in 2025. Silgan operates 120 manufacturing facilities in North and South America, Europe and Asia. The Company is a leading worldwide supplier of dispensing and specialty closures for fragrance and beauty, food, beverage, personal and health care, home care and lawn and garden products. The Company is also a leading supplier of metal containers in North America and Europe for pet and human food and general line products. In addition, the Company is a leading supplier of custom containers for shelf-stable food and personal care products in North America.
Key Takeaways Silgan Holdings beat Q2 earnings and revenue estimates, supported by higher raw-material cost pass-throughs.SLGN's Metal Containers revenues rose 13% y/y on contractual raw-material cost pass-throughs.Silgan Holdings reaffirmed its 2026 earnings guidance, and maintained free cash flow and capex forecasts. Silgan Holdings Inc. (SLGN - Free Report) reported second-quarter 2026 adjusted earnings of 98 cents per share, beating the Zacks Consensus Estimate of 96 cents by 2.08%. The bottom line declined 3% from $1.01 in the year-ago quarter.
Including one-time items, earnings were 72 cents per share compared with earnings of 83 cents in the prior-year quarter.
Net revenues increased 6.8% year over year to $1.64 billion and surpassed the consensus estimate of $1.62 billion by 1.54%. Higher raw-material cost pass-throughs supported revenues, while high-single-digit growth in fragrance dispensing products and pet food metal containers stood out operationally.
SLGN’s Q2 Costs & MarginsIn second-quarter 2026, the cost of goods sold increased 8.7% year over year to $1.35 billion. Gross profit declined 1.4% to $295 million. The gross margin was 17.9% compared with the prior-year quarter’s 19.4%.
Selling, general and administrative expenses were $127 million, up 4.1% year over year. The company reported an adjusted operating income of $185.3 million compared with $193 million in the prior-year quarter. The adjusted operating margin was 11.3% compared with the prior-year quarter’s 12.5%.
Silgan Holdings’ Q2 Segmental PerformanceRevenues in the Dispensing and Specialty Closures segment rose 1.7% year over year to $714 million. Results benefited from the pass-through of higher raw-material and other costs and favorable foreign currency translation but were partially offset by lower volumes and an unfavorable product mix. The segment’s adjusted EBITDA was $146.9 million compared with $145.5 million in second-quarter 2025.
The Metal Containers segment’s revenues improved 13% year over year to $764 million due to the contractual pass-through of higher raw-material and manufacturing costs. Volumes were comparable with the prior-year quarter, as growth in pet food markets was offset by weaker fruit, vegetable and soup volumes. The segment’s adjusted EBITDA was $86.2 million compared with $84.4 million in the prior-year quarter.
In the Custom Containers segment, revenues increased 2.9% year over year to $165.5 million. Favorable price and product mix aided revenues, partially offset by a 4% decline in volumes. The segment reported adjusted EBITDA of $35.2 million, up from the previous-year quarter’s $33.6 million.
SLGN's Cash Flow & Balance SheetSilgan had cash and cash equivalents of $0.35 billion at June 30, 2026, compared with $1.08 billion at the end of 2025. Total debt was $4.83 billion, up from $4.35 billion at year-end.
The company used $993.9 million of cash in operating activities during the first six months of 2026 compared with $904.9 million in the prior-year period. Capital expenditure was $146.7 million versus $155.7 million a year earlier.
SLGN used $993.9 million in cash in operating activities compared with an outflow of $904.9 million in the first six months of 2025.
Silgan Holdings Reaffirms 2026 OutlookSLGN reaffirmed its 2026 adjusted earnings guidance of $3.73-$3.93 per share. The midpoint implies growth of 3% from the adjusted earnings of $3.72 per share reported in 2025.
The company also maintained its free cash flow forecast of $450 million and capital expenditure estimate of $310 million.
For the third quarter, SLGN expects adjusted earnings of $1.21-$1.31 per share compared with $1.22 in the year-ago period.
SLGN Stock’s Price PerformanceThe company’s shares have lost 11% in the past year against the industry’s growth of 12.1%.
Image Source: Zacks Investment Research
Silgan Holdings’ Zacks RankSLGN currently has a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Performances of Other Packaging StocksPackaging Corporation of America (PKG - Free Report) reported second-quarter 2026 adjusted earnings of $2.35 per share, falling 5.2% year over year but beating the Zacks Consensus Estimate of $2.31. The bottom line also came above Packaging Corp’s guidance of $2.33.
Packaging Corp’s revenues increased 14.7% year over year to $2.49 billion and surpassed the consensus estimate of $2.40 billion by 3.6%. Total corrugated products shipments reached an all-time quarterly record, rising 24.3% both per day and in total from the prior-year quarter.
Crown Holdings, Inc. (CCK - Free Report) posted second-quarter 2026 adjusted earnings of $2.49 per share, up 15.8% year over year. The figure surpassed the Zacks Consensus Estimate of $2.15 by 15.81%.
Crown Holdings revenues increased 16.5% to $3.67 billion and beat the consensus estimate of $3.34 billion by 9.88%. Global beverage can volumes rose 5%, led by 6% growth in Europe and 5% growth in the Americas. This was partially offset by softer demand in Latin America.
Sonoco Products Company (SON - Free Report) reported adjusted earnings of $1.51 per share in the second quarter of 2026, beating the Zacks Consensus Estimate of $1.47 by 2.72%. The figure rose 10.2% from $1.37 in the year-ago quarter. Pricing actions, favorable foreign-exchange movements and productivity gains helped offset the softer volume/mix during the quarter.
Sonoco’s revenues of $1.885 billion declined 1.3% year over year and missed the consensus mark of $1.886 billion by 0.05%. Sonoco’s top line declined from the prior-year period primarily due to the absence of sales from the ThermoSafe business, which was divested in November 2025.
Is Consumer Discretionary a Dead End? These 3 Stocks Say NoSilgan NYSE: SLGN reported second-quarter 2026 adjusted earnings per share of $0.98, above the midpoint of its guidance range but down $0.03 from the prior-year quarter, as lower adjusted EBIT was partly offset by lower interest expense.
Net sales rose 7% year over year to approximately $1.6 billion, largely reflecting the contractual pass-through of higher raw-material and other costs, particularly in the Metal Containers business. Total adjusted EBIT was $185 million, down 4% from the prior year. Chief Financial Officer Shawn Fabry said higher adjusted EBIT in Custom Containers was more than offset by increased corporate expense and lower EBIT in Metal Containers.
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3 Mid Cap Dividend Growers That are Still CheapPresident and Chief Executive Officer Adam Greenlee said the company managed cost inflation, shifting order patterns and mixed market conditions while producing results above the midpoint of expectations. Silgan confirmed its full-year adjusted EPS outlook of $3.73 to $3.93, compared with $3.72 in 2025, and maintained its forecast for about $450 million in free cash flow.
Dispensing business affected by Brazil softness Sales in Silgan’s Dispensing and Specialty Closures segment increased 2% from the prior-year quarter, supported by higher cost pass-throughs and foreign-currency translation. Those factors were partly offset by lower volume and unfavorable product mix.
Segment unit volumes declined 1%, with weaker-than-expected conditions in Brazil contributing to the decline. Greenlee said volumes in Brazil fell approximately 15% year over year, while the balance of the segment was “essentially” flat. He attributed the decline to market conditions rather than lost share and said the company expects a similar Brazilian impact in the third quarter before recovery begins in the fourth quarter and continues into 2027.
Fabry said the combination of Brazil volume weakness and less favorable mix reduced second-quarter results by about $5 million. Despite that impact, adjusted EBIT in the segment was comparable with the prior year as favorable price over cost offset the volume and mix pressure.
Greenlee highlighted continued strong growth in fine-fragrance dispensing products, particularly in Europe. He said Silgan expects continued high-single-digit growth in fine-fragrance products globally and has substantial visibility into 2027 business because products launching then are already in commercialization and supported by long-term contracts.
The company also said its healthcare business, focused on nasal and ophthalmic applications, has expanded from about $200 million when management first discussed the opportunity to approximately $250 million. Greenlee said healthcare volume is expected to ramp in the second half, with a greater contribution anticipated in the fourth quarter.
Pet food growth offsets changing metal-container order timing Metal Containers sales rose 13% year over year, driven by the pass-through of higher steel, aluminum and manufacturing costs. Volumes were flat, as a 7% increase in wet pet food container volumes was offset by an anticipated normalization of order patterns in the fruit-and-vegetable and soup markets.
Adjusted EBIT in the segment declined from the prior year, reflecting a less favorable sales mix. Higher sales of smaller pet food containers and lower sales of larger fruit and vegetable containers weighed on profitability.
Greenlee said vegetable and soup volumes each declined by double digits during the quarter, consistent with company expectations. The vegetable-market trend is related to the ownership change of a former customer’s assets and a new long-term supply agreement with the new owners. Under the new arrangement, cans will be sold closer to when they are filled rather than being produced throughout the year.
That shift is expected to make the third quarter a higher-volume period for the customer. Greenlee said the company expects low- to mid-single-digit volume growth in Metal Containers during the third quarter, aided by continued wet pet food growth and the order-timing benefit. He added that growing conditions for North American vegetables have been favorable, with expectations for the vegetable pack increasing modestly and potentially contributing more volume later in the season.
Custom Containers posts higher EBIT despite lower volume Custom Containers sales increased 3% from the prior-year quarter due to favorable price and mix, partly offset by a 4% volume decline. The lower volume was expected and reflected the exit of lower-margin business as part of Silgan’s footprint optimization and cost-reduction program.
Adjusted EBIT for the segment increased year over year as favorable price over cost, including mix and savings from the footprint optimization, outweighed the volume decline. Management expects Custom Containers volumes to be comparable with prior-year levels for the full year after accounting for exited business, with comparable volumes higher in the second half as new business is commercialized.
Greenlee said the company experienced approximately $10 million of net unrecovered inflation in the second quarter, primarily related to resin. He said the impact unfolded as expected and is now behind the company, although Silgan does not have clear visibility on when resin prices may decline. If resin costs fall, the company expects that to provide a benefit.
Guidance maintained for second half For the third quarter, Silgan expects adjusted EPS of $1.21 to $1.31 per diluted share, compared with $1.22 in the prior-year period. At the midpoint, the forecast assumes approximately $10 million of higher adjusted EBIT, interest expense of $50 million to $55 million, and a tax rate of about 25% to 26%.
For the full year, the company continues to expect low- to mid-single-digit adjusted EBIT growth, approximately $50 million in corporate expense, about $200 million in interest expense and a 25% to 26% tax rate. Its free-cash-flow estimate of approximately $450 million includes anticipated capital expenditures of about $310 million.
Management said it expects low- to mid-single-digit organic volume and mix growth in Dispensing and Specialty Closures, low-single-digit volume growth in Metal Containers, and low-single-digit comparable volume growth in Custom Containers. Greenlee said the company entered the second half with first-half performance slightly ahead of its original expectations and remained confident in its ability to meet its annual plan.
About Silgan (NYSE:SLGN)Silgan Holdings Inc NYSE: SLGN is a leading supplier of rigid packaging solutions for consumer goods manufacturers. The company's core business activities center on the design, production and distribution of metal and plastic containers, closures and dispense systems. Silgan serves a broad array of end markets, including food and beverage, home and personal care, health care and industrial products, providing both standard and custom packaging formats.
Founded in 1987 and headquartered in Stamford, Connecticut, Silgan has grown organically and through strategic acquisitions to establish a global manufacturing footprint.
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected].
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Silgan Holdings Inc. (SLGN) Q2 2026 Earnings Call July 29, 2026 8:30 AM EDT
Company Participants
Alexander Hutter - Senior Vice President of Strategy & Investor Relations
Adam Greenlee - President, CEO & Director
Shawn Fabry - Executive VP & CFO
Conference Call Participants
Matthew Roberts - Raymond James & Associates, Inc., Research Division
Michael Roxland - Truist Securities, Inc., Research Division
Ketan Mamtora - BMO Capital Markets Equity Research
Arun Viswanathan - RBC Capital Markets, Research Division
Anojja Shah - UBS Investment Bank, Research Division
Daniel Rizzo - Jefferies LLC, Research Division
Presentation
Operator
Good day, and welcome to the Silgan Holdings Second Quarter 2026 Earnings Call. Today's call is being recorded.
At this time, I'd like to turn the call over to Alex Hutter, Senior Vice President, Strategy, Investor Relations. Please go ahead.
Alexander Hutter
Senior Vice President of Strategy & Investor Relations
Thank you, and good morning. Joining me on the call today are Adam Greenlee, President and CEO; Philippe Chevrier, EVP and COO; and Shawn Fabry, EVP and CFO.
Before we begin the call today, we would like to make it clear that certain statements made on this conference call may be forward-looking statements. These forward-looking statements are made based on management's expectations and beliefs concerning future events impacting the company and therefore, involve a number of uncertainties and risks, including, but not limited to, those described in the company's annual report on Form 10-K for 2025 and other filings with the Securities and Exchange Commission. Therefore, the actual results of operations or financial condition of the company could differ materially from those expressed or implied in the forward-looking statements.
In addition, commentary on today's call may contain references to certain non-GAAP financial metrics, including adjusted EBIT, adjusted EBITDA, free cash flow and adjusted net income per diluted share or adjusted EPS. A reconciliation of these
For the quarter ended June 2026, Silgan Holdings (SLGN - Free Report) reported revenue of $1.64 billion, up 6.8% over the same period last year. EPS came in at $0.98, compared to $1.01 in the year-ago quarter.
The reported revenue represents a surprise of +1.54% over the Zacks Consensus Estimate of $1.62 billion. With the consensus EPS estimate being $0.96, the EPS surprise was +2.08%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Silgan performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Net Sales- Custom Containers: $165.5 million versus the two-analyst average estimate of $167.65 million. The reported number represents a year-over-year change of +2.9%.Net Sales- Metal Containers: $763.9 million compared to the $694.26 million average estimate based on two analysts. The reported number represents a change of +13% year over year.Net Sales- Dispensing and Specialty Closures: $713.9 million versus the two-analyst average estimate of $751.53 million. The reported number represents a year-over-year change of +1.7%.View all Key Company Metrics for Silgan here>>>
Shares of Silgan have returned +3.5% over the past month versus the Zacks S&P 500 composite's +1.9% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.
Silgan Holdings (SLGN - Free Report) came out with quarterly earnings of $0.98 per share, beating the Zacks Consensus Estimate of $0.96 per share. This compares to earnings of $1.01 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of +2.08%. A quarter ago, it was expected that this packaging products supplier would post earnings of $0.74 per share when it actually produced earnings of $0.78, delivering a surprise of +5.41%.
Over the last four quarters, the company has surpassed consensus EPS estimates four times.
Silgan, which belongs to the Zacks Containers - Metal and Glass industry, posted revenues of $1.64 billion for the quarter ended June 2026, surpassing the Zacks Consensus Estimate by 1.54%. This compares to year-ago revenues of $1.54 billion. The company has topped consensus revenue estimates four times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
Silgan shares have added about 18.9% since the beginning of the year versus the S&P 500's gain of 8.5%.
What's Next for Silgan?While Silgan has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Silgan was favorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #2 (Buy) for the stock. So, the shares are expected to outperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $1.28 on $2.11 billion in revenues for the coming quarter and $3.79 on $6.83 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Containers - Metal and Glass is currently in the top 9% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
Ball (BALL - Free Report) , another stock in the same industry, has yet to report results for the quarter ended June 2026. The results are expected to be released on August 4.
This metal packaging company is expected to post quarterly earnings of $0.99 per share in its upcoming report, which represents a year-over-year change of +10%. The consensus EPS estimate for the quarter has been revised 0.5% lower over the last 30 days to the current level.
Ball's revenues are expected to be $3.67 billion, up 9.8% from the year-ago quarter.
Silgan (NYSE:SLGN – Get Free Report) is projected to release its Q2 2026 results before the market opens on Wednesday, July 29th. Analysts expect the company to post earnings of $0.96 per share and revenue of $1.6215 billion for the quarter. Silgan has set its Q2 2026 guidance at 0.920-1.020 EPS and its FY 2026 guidance at 3.730-3.930 EPS. Individuals can find conference call details on the company’s upcoming Q2 2026 earning report page for the latest details on the call scheduled for Wednesday, July 29, 2026 at 8:30 AM ET.
Silgan (NYSE:SLGN – Get Free Report) last announced its earnings results on Wednesday, April 29th. The industrial products company reported $0.78 earnings per share for the quarter, topping analysts’ consensus estimates of $0.74 by $0.04. Silgan had a return on equity of 17.22% and a net margin of 4.31%.The business had revenue of $1.56 billion for the quarter, compared to analyst estimates of $1.51 billion. During the same period in the prior year, the company earned $0.69 EPS. The company’s quarterly revenue was up 6.4% compared to the same quarter last year. On average, analysts expect Silgan to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.
Silgan Stock Performance NYSE:SLGN opened at $46.49 on Tuesday. The business’s 50-day moving average price is $42.16 and its two-hundred day moving average price is $42.46. Silgan has a twelve month low of $35.68 and a twelve month high of $55.92. The stock has a market cap of $4.91 billion, a P/E ratio of 17.48, a PEG ratio of 2.55 and a beta of 0.66. The company has a quick ratio of 0.78, a current ratio of 1.26 and a debt-to-equity ratio of 1.58.
Silgan Announces Dividend The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Monday, June 1st were issued a dividend of $0.21 per share. The ex-dividend date of this dividend was Monday, June 1st. This represents a $0.84 annualized dividend and a dividend yield of 1.8%. Silgan’s payout ratio is presently 31.58%.
Institutional Investors Weigh In On Silgan A number of large investors have recently added to or reduced their stakes in SLGN. Measured Wealth Private Client Group LLC purchased a new position in shares of Silgan in the third quarter valued at about $33,000. EverSource Wealth Advisors LLC raised its stake in shares of Silgan by 627.2% during the second quarter. EverSource Wealth Advisors LLC now owns 669 shares of the industrial products company’s stock valued at $36,000 after acquiring an additional 577 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in shares of Silgan during the first quarter worth about $54,000. UMB Bank n.a. boosted its holdings in shares of Silgan by 2,609.1% during the fourth quarter. UMB Bank n.a. now owns 2,086 shares of the industrial products company’s stock worth $84,000 after purchasing an additional 2,009 shares during the period. Finally, Virtus Advisers LLC bought a new stake in shares of Silgan in the third quarter worth about $137,000. Institutional investors own 70.25% of the company’s stock.
Analysts Set New Price Targets Several research firms recently weighed in on SLGN. JPMorgan Chase & Co. decreased their price objective on shares of Silgan from $53.00 to $47.00 and set an “overweight” rating on the stock in a research report on Thursday, April 30th. Royal Bank Of Canada reiterated a “sector perform” rating and set a $51.00 target price (up from $49.00) on shares of Silgan in a research report on Thursday, July 9th. Raymond James Financial reissued an “outperform” rating and issued a $59.00 price target on shares of Silgan in a research note on Wednesday, July 15th. Truist Financial decreased their price target on shares of Silgan from $54.00 to $52.00 and set a “buy” rating on the stock in a report on Thursday, April 30th. Finally, Citigroup lowered their price objective on shares of Silgan from $56.00 to $54.00 and set a “buy” rating on the stock in a research report on Thursday, April 30th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $53.00.
View Our Latest Research Report on Silgan
About Silgan (Get Free Report)
Silgan Holdings Inc (NYSE: SLGN) is a leading supplier of rigid packaging solutions for consumer goods manufacturers. The company’s core business activities center on the design, production and distribution of metal and plastic containers, closures and dispense systems. Silgan serves a broad array of end markets, including food and beverage, home and personal care, health care and industrial products, providing both standard and custom packaging formats.
Founded in 1987 and headquartered in Stamford, Connecticut, Silgan has grown organically and through strategic acquisitions to establish a global manufacturing footprint.
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Value ScoreFor value investors, it's all about finding good stocks at good prices, and discovering which companies are trading under their true value before the broader market catches on. The Value Style Score utilizes ratios like P/E, PEG, Price/Sales, Price/Cash Flow, and a host of other multiples to help pick out the most attractive and discounted stocks.
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VGM ScoreWhat if you like to use all three types of investing? The VGM Score is a combination of all Style Scores, making it one of the most comprehensive indicators to use with the Zacks Rank. It rates each stock on their combined weighted styles, which helps narrow down the companies with the most attractive value, best growth forecast, and most promising momentum.
How Style Scores Work with the Zacks Rank The Zacks Rank is a proprietary stock-rating model that harnesses the power of earnings estimate revisions, or changes to a company's earnings expectations, to help investors build a successful portfolio.
#1 (Strong Buy) stocks have produced an unmatched +23.94% average annual return since 1988, which is more than double the S&P 500's performance over the same time frame. However, the Zacks Rank examines a ton of stocks, and there can be more than 200 companies with a Strong Buy rank, and another 600 with a #2 (Buy) rank, on any given day.
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To have the best chance of big returns, you'll want to always consider stocks with a Zacks Rank #1 or #2 that also have Style Scores of A or B, which will give you the highest probability of success. If you're looking at stocks with a #3 (Hold) rank, it's important they have Scores of A or B as well to ensure as much upside potential as possible.
Since the Scores were created to work together with the Zacks Rank, the direction of a stock's earnings estimate revisions should be a key factor when choosing which stocks to buy.
For instance, a stock with a #4 (Sell) or #5 (Strong Sell) rating, even one that boasts Scores of A and B, still has a downward-trending earnings forecast, and a much greater likelihood its share price will decline as well.
Thus, the more stocks you own with a #1 or #2 Rank and Scores of A or B, the better.
Stock to Watch: Silgan Holdings (SLGN - Free Report) Silgan Holdings is a leading supplier of rigid packaging for consumer goods products. Its products are used in diverse end markets. It is the largest metal-container supplier for food products in North America. Silgan operates 113 manufacturing facilities in North and South America, Europe and Asia. Its product lines include steel and aluminum containers for human and pet food; custom-designed plastic containers for personal care, healthcare, pharmaceutical, household, industrial chemical, food, pet care, agricultural chemical, automotive and marine chemical products; and metal, composite and plastic closures for food and beverage products.
SLGN is a #2 (Buy) on the Zacks Rank, with a VGM Score of B.
It also boasts a Value Style Score of A thanks to attractive valuation metrics like a forward P/E ratio of 11.98; value investors should take notice.
Two analysts revised their earnings estimate higher in the last 60 days for fiscal 2026, while the Zacks Consensus Estimate has increased $0.00 to $3.79 per share. SLGN also boasts an average earnings surprise of +1.9%.
With a solid Zacks Rank and top-tier Value and VGM Style Scores, SLGN should be on investors' short list.
Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.
SummarySilgan Holdings is a rigid packaging global leader. The company has underperformed its peers over the past year, and it's set to announce Q2 results on July 29.While I don't expect too many positive fireworks from the reported numbers, the forward-looking guidance could be interesting, more so as SLGN approaches its seasonally stronger period.The Dispensing & Specialty Closures segment is expected to drive growth, offsetting near-term metal container volume headwinds and benefiting from innovation and market share gains.Compared to other packaging peers, SLGN's stock offers better value, both from an earnings perspective as well as an FCF perspective.SLGN, which is a mid-cap dividend aristocrat, looks to have negated its descending trendline and is trading above all its key moving averages. Mariya Borisova/iStock via Getty Images
Introduction Silgan Holdings Inc. (SLGN), which has been around for four decades, has been in the business of offering rigid packaging solutions for various categories of consumer goods (particularly in the food & beverages space). While Silgan’s offerings are used in over 100 countries
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Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.
Taking full advantage of the stock market and investing with confidence are common goals for new and old investors, and Zacks Premium offers many different ways to do both.
Featuring daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, the research service can help you become a smarter, more self-assured investor.
Zacks Premium also includes the Zacks Style Scores.
What are the Zacks Style Scores? Developed alongside the Zacks Rank, the Zacks Style Scores are a group of complementary indicators that help investors pick stocks with the best chances of beating the market over the next 30 days.
Based on their value, growth, and momentum characteristics, each stock is assigned a rating of A, B, C, D, or F. The better the score, the better chance the stock will outperform; an A is better than a B, a B is better than a C, and so on.
The Style Scores are broken down into four categories:
Value ScoreValue investors love finding good stocks at good prices, especially before the broader market catches on to a stock's true value. Utilizing ratios like P/E, PEG, Price/Sales, Price/Cash Flow, and many other multiples, the Value Style Score identifies the most attractive and most discounted stocks.
Growth ScoreGrowth investors, on the other hand, are more concerned with a company's financial strength and health, and its future outlook. The Growth Style Score examines things like projected and historic earnings, sales, and cash flow to find stocks that will experience sustainable growth over time.
Momentum ScoreMomentum traders and investors live by the saying "the trend is your friend." This investing style is all about taking advantage of upward or downward trends in a stock's price or earnings outlook. Employing factors like one-week price change and the monthly percentage change in earnings estimates, the Momentum Style Score can indicate favorable times to build a position in high-momentum stocks.
VGM ScoreIf you want a combination of all three Style Scores, then the VGM Score will be your friend. It rates each stock on their combined weighted styles, helping you find the companies with the most attractive value, best growth forecast, and most promising momentum. It's also one of the best indicators to use with the Zacks Rank.
How Style Scores Work with the Zacks Rank A proprietary stock-rating model, the Zacks Rank utilizes the power of earnings estimate revisions, or changes to a company's earnings outlook, to help investors create a successful portfolio.
It's highly successful, with #1 (Strong Buy) stocks producing an unmatched +23.94% average annual return since 1988. That's more than double the S&P 500. But because of the large number of stocks we rate, there are over 200 companies with a Strong Buy rank, plus another 600 with a #2 (Buy) rank, on any given day.
But it can feel overwhelming to pick the right stocks for you and your investing goals with over 800 top-rated stocks to choose from.
That's where the Style Scores come in.
To have the best chance of big returns, you'll want to always consider stocks with a Zacks Rank #1 or #2 that also have Style Scores of A or B, which will give you the highest probability of success. If you're looking at stocks with a #3 (Hold) rank, it's important they have Scores of A or B as well to ensure as much upside potential as possible.
As mentioned above, the Scores are designed to work with the Zacks Rank, so any change to a company's earnings outlook should be a deciding factor when picking which stocks to buy.
For instance, a stock with a #4 (Sell) or #5 (Strong Sell) rating, even one that boasts Scores of A and B, still has a downward-trending earnings forecast, and a much greater likelihood its share price will decline as well.
Thus, the more stocks you own with a #1 or #2 Rank and Scores of A or B, the better.
Stock to Watch: Silgan Holdings (SLGN - Free Report) Silgan Holdings is a leading supplier of rigid packaging for consumer goods products. Its products are used in diverse end markets. It is the largest metal-container supplier for food products in North America. Silgan operates 113 manufacturing facilities in North and South America, Europe and Asia. Its product lines include steel and aluminum containers for human and pet food; custom-designed plastic containers for personal care, healthcare, pharmaceutical, household, industrial chemical, food, pet care, agricultural chemical, automotive and marine chemical products; and metal, composite and plastic closures for food and beverage products.
SLGN is a #2 (Buy) on the Zacks Rank, with a VGM Score of B.
Momentum investors should take note of this Industrial Products stock. SLGN has a Momentum Style Score of A, and shares are up 8.9% over the past four weeks.
For fiscal 2026, two analysts revised their earnings estimate upwards in the last 60 days, and the Zacks Consensus Estimate has increased $0.00 to $3.79 per share. SLGN boasts an average earnings surprise of +1.9%.
With a solid Zacks Rank and top-tier Momentum and VGM Style Scores, SLGN should be on investors' short list.
Here at Zacks, we focus on our proven ranking system, which places an emphasis on earnings estimates and estimate revisions, to find winning stocks. But we also understand that investors develop their own strategies, so we are constantly looking at the latest trends in value, growth, and momentum to find strong companies for our readers.
Looking at the history of these trends, perhaps none is more beloved than value investing. This strategy simply looks to identify companies that are being undervalued by the broader market. Value investors rely on traditional forms of analysis on key valuation metrics to find stocks that they believe are undervalued, leaving room for profits.
On top of the Zacks Rank, investors can also look at our innovative Style Scores system to find stocks with specific traits. For example, value investors will want to focus on the "Value" category. Stocks with high Zacks Ranks and "A" grades for Value will be some of the highest-quality value stocks on the market today.
One company to watch right now is Silgan Holdings (SLGN - Free Report) . SLGN is currently sporting a Zacks Rank #2 (Buy), as well as a Value grade of A. The stock holds a P/E ratio of 10.09, while its industry has an average P/E of 13.48. Over the past year, SLGN's Forward P/E has been as high as 14.44 and as low as 10.09, with a median of 12.71.
Value investors also frequently use the P/S ratio. This metric is found by dividing a stock's price with the company's revenue. This is a popular metric because sales are harder to manipulate on an income statement, so they are often considered a better performance indicator. SLGN has a P/S ratio of 0.72. This compares to its industry's average P/S of 0.84.
Finally, investors should note that SLGN has a P/CF ratio of 7.57. This data point considers a firm's operating cash flow and is frequently used to find companies that are undervalued when considering their solid cash outlook. This company's current P/CF looks solid when compared to its industry's average P/CF of 14.44. Over the past year, SLGN's P/CF has been as high as 10.88 and as low as 7.57, with a median of 9.87.
These figures are just a handful of the metrics value investors tend to look at, but they help show that Silgan Holdings is likely being undervalued right now. Considering this, as well as the strength of its earnings outlook, SLGN feels like a great value stock at the moment.
Vials produced by Gerresheimer are displayed at the annual Drug, Chemical & Associated Technologies Association (DCAT) week in New York City, U.S. March 19, 2024. REUTERS/Patrick Wingrove/File Photo Purchase Licensing Rights, opens new tab
CompaniesMUNICH, March 20 (Reuters) - U.S. packaging company Silgan Holdings (SLGN.N), opens new tab has signalled interest in taking over German medical packaging maker Gerresheimer <GXIG.DE, opens new tab, according to two sources familiar with the matter.
Silgan is working with advisers on the approach that could value Gerresheimer at 41 euros per share, one source said, cautioning that there is no certainty there will be a bid and that a transaction will be completed.
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Gerresheimer declined to comment.
Silgan was not immediately available for comment.
Gerresheimer shares rose 6.7% following the news to trade at 18.9 euros.
Gerresheimer, worth about 600 million euros ($694 million), has seen its shares drop more than 80% from its 2023 peak and the stock is down 37% since the start of the year.
The company said in late February that Germany's financial regulator BaFin is widening a probe into its financial statements, adding pressure on the medical products maker as it grapples with accounting issues and a plunging share price.
The Duesseldorf-based company held talks last year with private equity investors over a potential sale, but the conversations ended without an agreement.
($1 = 0.8644 euros)
Reporting by Alexander Huebner in Munich, Christoph Steitz in Frankfurt; Additional reporting by Milana Vinn in New York; writting by Andres Gonzalez; Editing by Miranda Murray and Louise Heavens
Our Standards: The Thomson Reuters Trust Principles., opens new tab
Silgan Holdings delivered robust 2025 results, with revenue up over 10% and EBIT rising 15% to nearly $600 million, driven by the Weener Plastics acquisition. SLGN generated about $400 million in free cash flow, comfortably covering its dividend and supporting rapid net debt reduction, despite net debt standing at 3.5x EBITDA. Guidance for 2026 targets $450 million in free cash flow and adjusted EPS of $3.7–$3.9, with a $500 million buyback program activated but not yet utilized.
Vials produced by Gerresheimer are displayed at the annual Drug, Chemical & Associated Technologies Association (DCAT) week in New York City, U.S. March 19, 2024. REUTERS/Patrick Wingrove/File... Purchase Licensing Rights, opens new tab Read more
CompaniesMUNICH, April 17 (Reuters) - German medical packaging maker Gerresheimer (GXIG.DE), opens new tab has rejected a takeover bid from its U.S. rival Silgan (SLGN.N), opens new tab, three sources familiar with the situation told Reuters.
There are no longer any talks between the two companies, according to the sources.
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Shares in Gerresheimer were down 5.4% on the news before paring losses and swinging slightly into positive territory.
One source said that Gerresheimer wants to focus for now on resolving its accounting problems and selling its U.S. subsidiary Centor.
Reuters reported in March that Silgan had signalled an interest in taking over Gerresheimer with a non-binding offer of 41 euros ($48.31) per share, more than double the current share price.
A Gerresheimer spokesperson said the company does not comment on market rumours. Silgan did not respond to a request for comment.
($1 = 0.8488 euros)
Reporting by Alexander Huebner, Christoph Steitz and Anneli Palmen, writing by Miranda Murray and Linda Pasquini, editing by Friederike Heine and Thomas Seythal
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Silgan (SLGN) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Crown Holdings (CCK - Free Report) came out with quarterly earnings of $1.86 per share, beating the Zacks Consensus Estimate of $1.75 per share. This compares to earnings of $1.67 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of +6.17%. A quarter ago, it was expected that this packaging company would post earnings of $1.69 per share when it actually produced earnings of $1.74, delivering a surprise of +2.96%.
Over the last four quarters, the company has surpassed consensus EPS estimates four times.
Crown, which belongs to the Zacks Containers - Metal and Glass industry, posted revenues of $3.26 billion for the quarter ended March 2026, surpassing the Zacks Consensus Estimate by 8.10%. This compares to year-ago revenues of $2.89 billion. The company has topped consensus revenue estimates four times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
Crown shares have lost about 1.8% since the beginning of the year versus the S&P 500's gain of 4.7%.
What's Next for Crown?While Crown has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Crown was unfavorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #4 (Sell) for the stock. So, the shares are expected to underperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $2.23 on $3.27 billion in revenues for the coming quarter and $8.03 on $12.77 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Containers - Metal and Glass is currently in the bottom 5% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
One other stock from the same industry, Silgan Holdings (SLGN - Free Report) , is yet to report results for the quarter ended March 2026. The results are expected to be released on April 29.
This packaging products supplier is expected to post quarterly earnings of $0.74 per share in its upcoming report, which represents a year-over-year change of -9.8%. The consensus EPS estimate for the quarter has been revised 6.1% lower over the last 30 days to the current level.
Silgan Holdings' revenues are expected to be $1.49 billion, up 1.8% from the year-ago quarter.
Silgan Holdings (SLGN - Free Report) came out with quarterly earnings of $0.78 per share, beating the Zacks Consensus Estimate of $0.74 per share. This compares to earnings of $0.82 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of +5.19%. A quarter ago, it was expected that this packaging products supplier would post earnings of $0.65 per share when it actually produced earnings of $0.67, delivering a surprise of +3.08%.
Over the last four quarters, the company has surpassed consensus EPS estimates three times.
Silgan, which belongs to the Zacks Containers - Metal and Glass industry, posted revenues of $1.56 billion for the quarter ended March 2026, surpassing the Zacks Consensus Estimate by 4.53%. This compares to year-ago revenues of $1.47 billion. The company has topped consensus revenue estimates four times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
Silgan shares have lost about 3.9% since the beginning of the year versus the S&P 500's gain of 4.3%.
What's Next for Silgan?While Silgan has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Silgan was unfavorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #4 (Sell) for the stock. So, the shares are expected to underperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $0.97 on $1.58 billion in revenues for the coming quarter and $3.73 on $6.65 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Containers - Metal and Glass is currently in the bottom 6% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
Another stock from the same industry, Ball (BALL - Free Report) , has yet to report results for the quarter ended March 2026. The results are expected to be released on May 5.
This metal packaging company is expected to post quarterly earnings of $0.85 per share in its upcoming report, which represents a year-over-year change of +11.8%. The consensus EPS estimate for the quarter has been revised 0.8% lower over the last 30 days to the current level.
Ball's revenues are expected to be $3.27 billion, up 5.7% from the year-ago quarter.
Although the revenue and EPS for Silgan (SLGN) give a sense of how its business performed in the quarter ended March 2026, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
NORWALK, Conn.--(BUSINESS WIRE)--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 $0.21 per share quarterly cash dividend payable on June 15, 2026 to the holders of record of common stock of the Company on June 1, 2026. 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-nine consecutive quarters since 2004.
* * *
Silgan is a leading supplier of sustainable rigid packaging solutions for the world's essential consumer goods products with annual net sales of approximately $6.5 billion in 2025. Silgan operates 121 manufacturing facilities in North and South America, Europe and Asia. The Company is a leading worldwide supplier of dispensing and specialty closures for fragrance and beauty, food, beverage, personal and health care, home care and lawn and garden products. The Company is also a leading supplier of metal containers in North America and Europe for pet and human food and general line products. In addition, the Company is a leading supplier of custom containers for shelf-stable food and personal care products in North America.
A month has gone by since the last earnings report for Silgan Holdings (SLGN - Free Report) . Shares have lost about 6.3% in that time frame, underperforming the S&P 500.
Will the recent negative trend continue leading up to its next earnings release, or is Silgan due for a breakout? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its latest earnings report in order to get a better handle on the important drivers.
Silgan Q1 Earnings Beat Estimates, Revenues Rise Y/YSilgan Holdings reported adjusted earnings of 78 cents per share in the first quarter 2026, beating the Zacks Consensus Estimate of 74 cents by 5.4%. The bottom line decreased 4.9% year over year.
Including one-time items, earnings were 60 cents per share compared with 63 cents in the prior-year quarter.
Total revenues increased year over year to $1.56 billion from the prior-year quarter’s $1.47 billion. The top line beat the Zacks Consensus Estimate of $1.49 billion by 4.5%.
SLGN’s Q1 Costs & MarginsIn first-quarter 2026, the cost of goods sold increased 8.3% year over year to around $1.3 billion. The gross profit decreased 1.7% to $265.8 million. The gross margin was 17% compared with the prior-year quarter’s 18.4%.
Selling, general and administrative expenses amounted to $131.2 million, up 1.6% year over year. The company reported an adjusted operating income of $152 million compared with $158.3 million in the prior-year quarter. The operating margin was 9.7%, down from the prior-year quarter’s 10.8%.
Silgan Holdings’ Q1 Segment PerformancesRevenues in the Dispensing and Specialty Closures segment rose 2% year over year to $685.3 million. Results were driven by the contractual pass-through of higher raw material and other costs and favorable foreign currency translation, which helped offset the weather-related impact on production.
The adjusted EBITDA for the segment was $136.8 million, up 1.3% from $135.1 million in the first quarter of 2025. Segment adjusted EBIT fell 3% to $96.1 million due to less favorable volume and mix and less favorable price/cost, including inventory effects in its European metal closures operations.
The Metal Containers segment’s revenues improved 15% year over year to $724.9 million due to improved price/mix resulting from contractual pass-through of higher raw material and other manufacturing costs and higher volumes. The segment’s adjusted EBITDA was $69.8 million compared with $68.8 million in the prior-year quarter. Adjusted EBIT edged up 0.4% to $49.8 million from $49.6 million, driven by higher volumes, partly offset by weaker pricing and product mix in certain markets.
In the Custom Containers segment, revenues totaled $151.1 million, down 9.6% from $167.2 million in the year-ago quarter, primarily due to lower volumes. Volumes bore the impact of the company’s decision to exit businesses with lower margins in 2025 as part of Silgan’s footprint optimization plans. The segment reported an adjusted EBITDA of $29.7 million, down from the prior-year quarter’s $33.3 million. Segment adjusted EBIT declined to $21.7 million from $24.6 million, mainly due to lower sales volumes.
SLGN’s Cash Flow & Cash PositionThe company had cash and cash equivalents of $435.4 million at the end of the first quarter of 2026, compared with $353 million at the end of the first quarter of 2025. SLGN used $799.6 million of cash in operating activities in the first quarter of 2026 compared with $683.4 million in the prior-year period. Capital expenditures for the reported quarter were $82.4 million.
Silgan Holdings’ 2Q & 2026 OutlookThe company increased its adjusted earnings per share guidance to $3.73-$3.93 for 2026, indicating a 3% year-over-year increase at the midpoint. For second-quarter 2026, SLGN anticipates adjusted EPS to be between 92 cents and $1.02. It posted EPS of $1.01 in the year-ago quarter.
How Have Estimates Been Moving Since Then?It turns out, estimates review have trended downward during the past month.
VGM ScoresAt this time, Silgan has a subpar Growth Score of D, however its Momentum Score is doing a lot better with a B. Charting a somewhat similar path, the stock has a score of A on the value side, putting it in the top 20% for this investment strategy.
Overall, the stock has an aggregate VGM Score of B. If you aren't focused on one strategy, this score is the one you should be interested in.
OutlookEstimates have been broadly trending downward for the stock, and the magnitude of these revisions indicates a downward shift. Notably, Silgan has a Zacks Rank #3 (Hold). We expect an in-line return from the stock in the next few months.
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