Silgan Holdings Inc. Reports Record Second Quarter 2025 Results
Silgan Holdings Inc., a leading supplier of sustainable rigid packaging solutions for essential consumer goods, has released its financial results for the second quarter of 2025. The company reported significant growth in key financial metrics, driven by strong performance across its business segments and successful integration of recent acquisitions.
Financial Highlights
For the second quarter of 2025, Silgan Holdings Inc. achieved net sales of $1.54 billion, an 11% increase compared to $1.38 billion in the same period of 2024. Net income for the quarter was $89.0 million, or $0.83 per diluted share, up from $76.1 million, or $0.71 per diluted share, in the second quarter of 2024. Adjusted net income per diluted share rose by 15% to $1.01, compared to $0.88 in the prior year period.
Business and Operational Highlights
The company reported record quarterly net sales and adjusted EBIT in its Dispensing and Specialty Closures segment, with net sales reaching $702.2 million, a 24% increase from the previous year. The Metal Containers segment also saw growth, with net sales of $676.1 million, a 4% increase. However, the Custom Containers segment experienced a slight decline in net sales, down 3% to $160.9 million.
Silgan's strong performance was attributed to increased organic volumes, successful integration of the Weener acquisition, and continued best-in-class operating performance. The company also noted mid-single digit growth in metal containers for pet food markets.
Strategic Initiatives and Corporate Developments
Silgan Holdings Inc. highlighted the successful integration of the Weener acquisition, which contributed significantly to the company's growth in the Dispensing and Specialty Closures segment. The company also reported progress in its cost reduction and efficiency improvement plans, particularly in the Custom Containers segment.
Management's Perspective
Adam Greenlee, President and CEO of Silgan Holdings Inc., commented on the company's performance, stating, "Our businesses continued to execute in the second quarter and delivered significant adjusted EPS growth of 15%, driven by increased organic volumes in our key product categories, strong contributions from the successful integration of the Weener acquisition, and continued best-in-class operating performance."
Greenlee also emphasized the company's focus on innovation, meeting customer needs, and expanding product and geographic presence as key drivers of their success.
Future Outlook
Looking ahead, Silgan Holdings Inc. revised its estimate of adjusted net income per diluted share for the full year of 2025 to a range of $3.85 to $4.05, reflecting a 9% increase at the midpoint over 2024. The company also expects an effective tax rate of approximately 24% and revised its estimate of free cash flow for 2025 to approximately $430 million, a 10% increase compared to 2024.
For the third quarter of 2025, the company anticipates higher adjusted EBIT in the Dispensing and Specialty Closures and Custom Containers segments, with slightly lower adjusted EBIT in the Metal Containers segment.
SEC Filing: SILGAN HOLDINGS INC [ SLGN ] - 8-K - Jul. 30, 2025