CSIMarket
 
Silgan Holdings Inc  (SLGN)
Other Ticker:  
 
 
Price: $43.9800 $-0.54 -1.213%
Day's High: $44.86 Week Perf: -1.21 %
Day's Low: $ 43.95 30 Day Perf: -1.06 %
Volume (M): 435 52 Wk High: $ 54.92
Volume (M$): $ 19,109 52 Wk Avg: $45.25
Open: $44.52 52 Wk Low: $38.11



 Market Capitalization (Millions $) 4,811
 Shares Outstanding (Millions) 109
 Employees 6,700
 Revenues (TTM) (Millions $) 5,988
 Net Income (TTM) (Millions $) 326
 Cash Flow (TTM) (Millions $) 57
 Capital Exp. (TTM) (Millions $) 227

Silgan Holdings Inc

We are a leading manufacturer of rigid packaging for consumer goods products. Our products are used for a wide variety of end markets and we operate 87 manufacturing plants in North America, Europe, Asia and South America. Our products include:

steel and aluminum containers for human and pet food and general line products;

metal, composite and plastic closures for food and beverage products; and

custom designed plastic containers and closures for personal care, food, health care, pharmaceutical, household and industrial chemical, pet care, agricultural, automotive and marine chemical products.


We are a leading manufacturer of metal containers in North America and Europe, and in North America we are the largest manufacturer of metal food containers with a unit volume market share in the United States of approximately sixty percent. Our leadership in these markets is driven by our high levels of quality, service and technological support, our low cost producer position, our strong long-term customer relationships and our proximity to customers through our widespread geographic presence. We have 46 metal container manufacturing facilities located in the United States, Europe and Asia, serving over 50 countries throughout the world. Additionally, we believe that we have the most comprehensive equipment capabilities in the industry.

We are also a leading worldwide manufacturer of metal, composite and plastic closures for food and beverage products. Our leadership position in closures is a result of our ability to provide customers with high levels of quality, service and technological support. Our closures business provides customers with an extensive variety of proprietary metal, composite and plastic closures that ensure closure quality and safety, as well as state-of-the-art capping/sealing equipment and detection systems to complement our closures product offering. We have 19 closure manufacturing facilities located in North America, Europe, Asia and South America, from which we serve over 70 countries throughout the world. In addition, we license our technology to five other manufacturers for various markets we do not serve directly.

METAL CONTAINER BUSINESS
The manufacturing operations of our metal container business include cutting, coating, lithographing, fabricating, assembling and packaging finished cans. We use three basic processes to produce cans. The traditional three-piece method requires three pieces of flat metal to form a cylindrical body with a welded
side seam, a bottom and a top. High integrity of the side seam is assured by the use of sophisticated electronic weld monitors and organic coatings that are thermally cured by induction and convection processes. The other two methods of producing cans start by forming a shallow cup that is then formed into the desired height using either the draw and iron process or the draw and redraw process. Using the draw and redraw process, we manufacture steel and aluminum two-piece cans, the height of which generally does not exceed the diameter. For cans the height of which is greater than the diameter, we manufacture steel two-piece cans by using a drawing and ironing process. Quality and stackability of these cans are comparable to that of the shallow two-piece cans described above. We manufacture can bodies and ends from thin, high-strength aluminum alloys and steels by utilizing proprietary tool and die designs and selected can making equipment. We also manufacture our Quick Top® easy-open ends from both steel and aluminum alloys in a sophisticated precision progressive die process. We regularly review our Quick Top® easy-open end designs for improvements for optimum consumer preference through consumer studies and feedback.

CLOSURES BUSINESS
The manufacturing operations for metal closures include cutting, coating, lithographing, fabricating and lining. We manufacture twist-off, lug style and press-on, twist-off steel closures and aluminum roll-on closures for glass, metal and plastic containers, ranging in size from 18 to 110 millimeters in diameter. We employ state-of-the-art multi-die presses to manufacture metal closures, offering a low-cost, high quality means of production. We also provide customers of our closures business with custom formulations of sealing/lining materials, designed to minimize torque removal and enhance the openability of our closures while meeting applicable regulatory requirements.
We utilize two basic processes to produce plastic closures. In the injection molded process, pellets of plastic resin are heated and injected into a mold, forming a plastic closure shell. The shell can include a molded linerless seal or a custom formulated, compression molded sealing system. The shell can then be slit and printed depending on its end use. In the compression molded process, pellets of plastic resin are heated and extruded, and then compressed to form a plastic closure shell. The shell can include a molded linerless seal or a custom formulated, compression molded sealing system. The shell can then be slit and printed depending on its end use. In either process, the shell can also be lined with foil seal systems formulated for its end use.

For composite closures, a metal panel is manufactured using the same manufacturing process for metal closures, including the use of custom formulations of sealing/lining materials, and then it is inserted into a plastic closure shell.

PLASTIC CONTAINER BUSINESS
We utilize two basic processes to produce plastic containers. In the extrusion blowmolding process, pellets of plastic resin are heated and extruded into a tube of plastic. A two-piece metal mold is then closed around the plastic tube and high pressure air is blown into it causing a bottle to form in the mold’s shape. In the injection and injection stretch blowmolding processes, pellets of plastic resin are heated and injected into a mold, forming a plastic preform. The plastic preform is then blown into a bottle-shaped metal mold, creating a plastic bottle.


We also manufacture plastic closures, caps, sifters and fitments using runnerless injection molding technology. In this process, pellets of plastic resin are melted and forced under pressure into a mold, where they take the mold’s shape.


Our plastic thermoformed bowls, trays and tubs are manufactured by melting pellets of plastic resin into an extruded plastic sheet. The plastic sheet is then formed in a mold to make the plastic bowl, tray or tub.


We have state-of-the-art decorating equipment, including several of the largest sophisticated decorating facilities in the United States. Our decorating methods for plastic containers are in-mold labeling, which applies a plastic film label to the bottle during the blowing process, and post-mold decoration. Post-mold decoration includes:

silk screen decoration which enables the applications of images in multiple colors to the bottle;

pressure sensitive decoration which uses a plastic film or paper label with an adhesive;

heat transfer decoration which uses a plastic coated label applied by heat;

hot stamping decoration which transfers images from a die using metallic foils; and

shrink sleeve labeling.



   Company Address: 4 Landmark Square Stamford, 6901 CT
   Company Phone Number: 975-7110   Stock Exchange / Ticker: NYSE SLGN
    Next quarterly dividend pay out on March 28, 2024.


Customers Net Income fell by SLGN's Customers Net Profit Margin fell to

-17.38 %

9.46 %

• Customers Performance • Customers Expend. • Customers Efficiency • List of Customers


   

Stock Performances by Major Competitors

5 Days Decrease / Increase
     
BALL   -1.1%    
CCK   -0.73%    
GPK   -2.59%    
OI   -5.67%    
SON   -3.02%    
ATR   -2.21%    
• View Complete Report
   



Silgan Holdings Inc

2. Analyzing the Impacts of Revenue Decline and Profit Shifts on Silgan Holdings Inc's Financial Performance



Silgan Holdings Inc, a leading supplier of sustainable rigid packaging solutions, recently released its financial results for the October to December 31, 2023 period. Though the company experienced a significant increase in earnings per share (EPS), profit witnessed a decline compared to the previous reporting period. Additionally, a decrease in revenue and noticeable shifts in inventory and accounts receivable levels have gained attention. Despite these challenges, Silgan declared its 20th consecutive annual dividend increase, showcasing confidence in its future performance. This article aims to analyze the financial results and future prospects of Silgan Holdings Inc in light of the provided data.
Financial Results:
For the October to December 31, 2023 financial time-frame, Silgan Holdings Inc more than doubled its EPS by 172.93%, reaching $0.61 per share compared to $0.22 from the previous year. However, profit plummeted by -40.33% from $1.02 to $0.61 per share compared to the prior financial reporting period. The revenue decreased by -7.912% to $1.34 billion from $1.46 billion in the comparable financial reporting period a year ago. Sequentially, revenue fell by -25.663% from $1.80 billion. Despite this, net income increased by 161.96% to $64.429 million from $24.595 million in the October to December 31, 2023 time-frame, reflecting improved profitability. Silgan Holdings Inc's net margin rose to 4.81%, and operating margin edged up to 0.05%.

Dividend

Silgan Holdings Inc. Marks 20 Years of Dividend Growth with Continued Financial Strength

Published Tue, Feb 27 2024 9:30 PM UTC



Silgan Holdings Inc., a leading provider of sustainable rigid packaging solutions for essential consumer goods, has recently announced its 20th consecutive annual dividend increase. The company's strong financial performance and promising business prospects have enabled it to declare a quarterly cash dividend of $0.19 per share on its common stock. This decision re...

Silgan Holdings Inc

Silgan Holdings Inc's Financial Downturn: A Troubling -18.4% Drop in EPS Shakes Investor Confidence

Silgan Holdings Inc, a leading supplier of sustainable rigid packaging solutions, has experienced a significant decline in its financial performance, leading to concerns about the future prospects of the company. The third quarter of 2023 saw a drastic fall in the company's income, with a decline of -18.4% compared to the previous year. Earnings per share also took a hit, dropping by 43.66% from the preceding reporting period.
The company's revenue followed a similar downward trend, decreasing by -8.502% to $1.80 billion from $1.97 billion in the comparable reporting period a year prior. Although there was a sequential improvement of 26.421% from $1.43 billion, the overall decline in revenue is concerning for investors. Moreover, the net profits in the third quarter of 2023 fell by -20.25% from the corresponding period a year before, amounting to $110.617 million.

Dividend

Silgan Holdings Inc Stays Resilient Amidst Market Turbulence, Declares Quarterly Dividend to Reward Shareholders' Trust

Published Tue, Oct 31 2023 9:00 PM UTC

Silgan Declares Quarterly Dividend Amidst Challenging Market Conditions
STAMFORD, Conn. - Silgan Holdings Inc. (NYSE: SLGN), a leading supplier of sustainable rigid packaging solutions for essential consumer goods products worldwide, recently announced the declaration of a quarterly cash dividend on its common stock. The company's Board of Directors approved a dividend o...

Silgan Holdings Inc

Silgan Holding Inc's Q2 2023 EPS Plummets by 14.46% Amid Decreasing Revenue



The stock market is a dynamic and ever-changing landscape, with companies reporting their financial results on a quarterly basis. Silgan Holdings Inc, a leading supplier of consumer goods packaging, recently released its financial performance for the April to June 30, 2023 fiscal interval. This article aims to analyze some interesting facts from this report and provide insights into Silgan Holdings' profitability, earnings, and growth potential.
Declining Income, But Sequential Improvement:
Silgan Holdings experienced a decline in income during the April to June 2023 fiscal interval, as it fell by -14.46% to $0.71 per share compared to $0.83 per share in the same period last year. However, it's worth noting that there was a sequential improvement of 9.23% from $0.65 per share in the prior quarter. This indicates a potential recovery or stabilization in the company's income levels.






 

Silgan Holdings Inc's Segments
 
 
• View Complete Report




Help

About us

Advertise

CSIMarket Company, Sector, Industry, Market Analysis, Stock Quotes, Earnings, Economy, News and Research. 
   Copyright © 2024 CSIMarket, Inc. All rights reserved. This site uses cookies to make your browsing experince better. By using this site, you agree to the Terms of Service and Privacy Policy - UPDATED (Read about our Privacy Policy)

Intraday data delayed per exchange requirements. All quotes are in local exchange time. Intraday data delayed 15 minutes for Nasdaq, and other exchanges. Fundamental and financial data for Stocks, Sector, Industry, and Economic Indicators provided by CSIMarket.com