UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ________________ to ________________ Commission file number 000-22117 SILGAN HOLDINGS INC. (Exact name of Registrant as specified in its charter) Delaware 06-1 ...

Silgan Holdings Inc. (NYSE:SLGN) Q2 2022 Earnings Conference Call July 27, 2022 11:00 AM ET Company Participants Kim Ulmer – Senior Vice President-Finance and Treasurer Adam Greenlee – President and Chief Executive Officer Bob Lewis – Executive Vice President and Chief Financial Officer Conference Call Participants Adam Josephson – KeyBanc Mark Wilde – Bank of Montreal Arun Viswanathan – RBC Capital Markets Gabe Hajde – Wells Fargo Matt Krueger – Baird Daniel Rizzo – Jefferies George Staphos – Bank of Ameri ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ________________ to ________________ Commission file number 000-22117 Delaware 06-1269834 (State or other jurisdiction (I.R.S. Employer of incorporation or or ...

Silgan Holdings Inc. (NYSE:SLGN) Q1 2022 Earnings Conference Call April 27, 2022 11:00 AM ET Company Participants Kim Ulmer - Senior Vice President of Finance & Treasurer Adam Greenlee - President & Chief Executive Officer Bob Lewis - Executive Vice President & Chief Financial Officer Conference Call Participants George Staphos - Bank of America Mark Wilde - Bank of Montreal Adam Josephson - KeyBanc Matt Krueger - Baird Gabe Hajde - Wells Fargo Arun Viswanathan - RBC Capital Markets Anthony Pettinari - Citi ...

Sales Performance - Net sales of the dispensing and specialty closures business reached $2.16 billion in 2021, with a compounded annual growth rate of approximately 13.9% since 2003[158]. - The metal containers business generated net sales of $2.81 billion in 2021, representing a compounded annual growth rate of approximately 7.3% since 1987[159]. - Custom containers business net sales increased to $708.6 million in 2021, with a compounded annual growth rate of approximately 6.3% since 1987[160]. - Consolidated net sales for 2021 were $5.68 billion, a 15.3% increase from 2020, driven by higher unit volumes and favorable foreign currency translation[173]. - Net sales in the dispensing and specialty closures segment increased by $448.1 million, or 26.2%, primarily due to higher unit volumes and acquisitions[175]. - Net sales for the metal containers segment rose by $250.0 million, or 9.8%, attributed to higher unit volumes and raw material cost pass-through[176]. - Net sales for the custom containers segment increased by $57.1 million, or 8.8%, despite a 10% decline in volumes[177]. Profitability and Margins - The gross profit margin for 2021 was 16.2%, a decrease from 17.6% in 2020[169]. - Gross profit margin decreased by 1.4 percentage points to 16.2% in 2021 due to significant raw material cost inflation[178]. - Income before interest and income taxes increased by $63.7 million, or 12.4%, with a margin of 10.1%[181]. - Segment income for dispensing and specialty closures increased by $37.7 million, while segment income margin decreased to 12.1%[182]. - Segment income for metal containers increased by $7.1 million, with a margin decrease to 9.0%[183]. Debt and Financing - The company has incurred significant interest expense, with the aggregate interest and other debt expense as a percentage of income before interest and income taxes at 18.8% for 2021[167]. - Interest and other debt expense increased to $108.4 million in 2021, primarily due to higher borrowings from acquisitions[185]. - Total consolidated indebtedness at December 31, 2021, was $3,815.4 million, with cash and cash equivalents of $631.4 million[211]. - The company has a $1.5 billion multi-currency revolving loan facility available for working capital and other corporate purposes[212]. - Total long-term debt obligations as of December 31, 2021, amounted to $3,746.6 million, with principal payments scheduled at $17.5 million in 2022, escalating to $2,429.8 million thereafter[221]. - As of December 31, 2021, the company had $3,815.4 million of outstanding indebtedness, with $1,013.4 million bearing interest at floating rates, making financial results sensitive to changes in market interest rates[227]. Acquisitions and Growth Strategy - The company plans to pursue further acquisition opportunities in the consumer goods packaging market to enhance growth and shareholder value[156]. - The company continues to evaluate acquisition opportunities in the consumer goods packaging market and may incur additional indebtedness to finance such acquisitions[219]. - In 2021, the company funded acquisitions totaling $745.7 million using proceeds from new term loans and cash from operating activities[208]. Operational Efficiency - The company has closed multiple manufacturing facilities since 2016 to streamline operations and reduce costs, including two dispensing and specialty closures facilities and six metal container facilities[161]. - Approximately 20% of annual net sales in 2021 were subject to customer-based supply chain financing arrangements, improving days sales outstanding by approximately twelve days[215]. - Approximately 12% and 14% of the Cost of Goods Sold for the years ended December 31, 2021, and 2020, respectively, were subject to the Supply Chain Financing (SCF) program, with outstanding trade accounts payables under this program at approximately $325 million as of December 31, 2021[216]. Tax and Regulatory - The effective tax rate improved to 23.0% in 2021 from 24.2% in 2020, influenced by tax rate changes in certain jurisdictions[186]. - The effective tax rate for 2020 was 24.2%, compared to 23.1% in 2019[199]. Capital Expenditures - The company expects capital expenditures of approximately $280 million in 2022, with annual expenditures thereafter ranging from $250 million to $280 million, potentially increasing due to specific growth or cost-saving projects[220]. Risk Management - The company does not engage in hedging activities for raw materials due to the ability to pass on price changes to customers[250]. - The company manages exposure to natural gas price fluctuations through natural gas swap agreements[251].

Financial Data and Key Metrics Changes - Silgan Holdings reported revenue of $5.7 billion for 2021, an increase of $755.2 million or 15.3% compared to the previous year [14] - Adjusted net income per diluted share was $3.40, up 11% from the prior year [9] - Free cash flow reached a record $466 million, or $4.19 per diluted share, compared to $384 million in the previous year [13][9] - For Q4 2021, earnings per diluted share were $0.76, compared to $0.54 in the prior-year quarter, with adjusted earnings per diluted share of $0.79 versus $0.60 a year ago [20] Business Line Data and Key Metrics Changes - Adjusted segment income in the Dispensing and Specialty Closures segment increased by $35.9 million to $269.5 million, driven by recent acquisitions and volume growth [16] - Adjusted segment income in the Metal Container segment was $263.6 million, an increase of $7.1 million or 2.8% due to higher unit volumes [18] - Custom Container segment adjusted income increased by $4.5 million or 5% to $92.7 million, primarily due to strong operating performance despite a 10% decline in volumes compared to the previous year [19] Market Data and Key Metrics Changes - The company experienced year-over-year volume improvement in Dispensing and Specialty Closures and Metal Containers segments, with a 15% increase in Dispensing and Specialty Closures and a 3% increase in Metal Containers for Q4 2021 [31] - Custom Containers saw a volume decline of 12% in Q4 2021 [31] Company Strategy and Development Direction - Silgan Holdings is focused on integrating recent acquisitions and investing in operational improvements to drive growth [10] - The company plans to provide full-year guidance for adjusted earnings per diluted share in the range of $3.80 to $4.00 for 2022, representing a 15% increase over 2021 [11] - Strategic acquisitions in 2021 included Gateway, Unicep, and Easytech, aimed at expanding commercial supply and improving operational efficiencies [10] Management's Comments on Operating Environment and Future Outlook - Management acknowledged the challenges posed by inflation and supply chain disruptions but expressed confidence in the company's ability to manage these issues through price discipline and operational improvements [13] - The outlook for 2022 includes expectations for adjusted earnings per diluted share to increase, driven by segment income growth in Dispensing and Specialty Closures and Metal Containers [22][23] - Management noted that the food can business is expected to normalize and grow above pre-pandemic levels, with a focus on pet food and protein markets [75] Other Important Information - The company expects capital expenditures in 2022 to be approximately $280 million, up from $232 million in 2021, to support growth opportunities [25] - Free cash flow for 2022 is estimated at approximately $350 million, impacted by higher working capital and capital expenditures [27] Q&A Session Summary Question: Can you provide a view on volume for the fourth quarter by segment, excluding acquisition effects? - Volumes were up 15% in Dispensing and Specialty Closures, with organic volume growth of 8.5% in Q4. Metal Containers saw a 3% increase, while Custom Containers experienced a 12% decline [31] Question: How comfortable are you that both Custom Container and DSC can grow through post-COVID de-stocking? - Management expressed confidence in growth for Dispensing and Specialty Closures, citing a strong food and beverage business and recovery in hygiene products. Custom Containers are expected to see growth due to new commercial awards [34][36] Question: Can you help with pension income compared to last year and price-cost expectations? - Pension is expected to be a $5 million headwind year-over-year. Price-cost dynamics indicate a $10 million negative impact from resin costs, with some recovery anticipated [43] Question: What is the outlook for food service business within Metal Containers? - The food service business is recovering, with good growth in small cans and expectations for normalization in 2022 [87] Question: Are you confident in protecting margin dollars despite inflation? - Management confirmed confidence in passing through inflation costs to customers, with over 90% of the food can business under contract allowing for direct pass-through [92]

Financial Performance - Consolidated net sales for Q3 2021 were $1.65 billion, a 10.9% increase compared to Q3 2020, driven by higher unit volumes and the pass-through of increased raw material costs[77] - Net income for Q3 2021 was $106.3 million, down from $112.9 million in Q3 2020, with diluted earnings per share at $0.96 compared to $1.01 in the prior year[77] - Consolidated net sales for the first nine months of 2021 were $4.24 billion, a 14.7% increase compared to the same period in 2020[89] - Net income for the first nine months of 2021 was $274.0 million, compared to $248.6 million in the same period of 2020, with diluted earnings per share increasing from $2.23 to $2.47[89] Segment Performance - The Dispensing and Specialty Closures segment saw a sales increase of $58.3 million, or 12.3%, in Q3 2021, attributed to higher unit volumes and favorable foreign currency translation[79] - Net sales in the Dispensing and Specialty Closures segment increased by $345.7 million, or 27.8%, driven by higher unit volumes and favorable foreign currency translation[91] - The Metal Container segment's sales increased by $85.4 million, or 10.0%, in Q3 2021, primarily due to higher unit volumes of approximately 6%[80] - Net sales in the Metal Container segment rose by $158.3 million, or 8.1%, primarily due to higher unit volumes and the pass-through of increased raw material costs[93] - The Custom Container segment reported a sales increase of $18.9 million, or 12.1%, in Q3 2021, despite a volume decline of approximately 14% compared to the previous year[81] - Segment income for the Dispensing and Specialty Closures segment increased by $31.6 million, while the segment income margin decreased to 12.6%[98] Profitability Metrics - Gross profit margin decreased to 15.0% in Q3 2021, down 2.4 percentage points from the same period in 2020[82] - Gross profit margin decreased by 1.5 percentage points to 16.6% in the first nine months of 2021[95] - Income before interest and income taxes for Q3 2021 was $167.9 million, a decrease of $6.1 million compared to Q3 2020, with margins dropping to 10.2% from 11.7%[83] - Selling, general and administrative expenses decreased to 5.5% of consolidated net sales in Q3 2021, down from 6.2% in Q3 2020[82] - Selling, general and administrative expenses as a percentage of consolidated net sales decreased to 6.6% from 7.7% year-over-year[96] Debt and Taxation - Interest and other debt expense decreased to $27.0 million in Q3 2021, down from $27.7 million in Q3 2020, due to lower weighted average interest rates[87] - The effective tax rate for Q3 2021 was 24.6%, compared to 22.9% in Q3 2020, influenced by an audit period expiration in the prior year[88] - The effective tax rate for the first nine months of 2021 was 25.3%, compared to 24.4% in the same period of 2020[102] Cash Flow and Expenditures - Cash payments for rationalization plans were $6.9 million for the nine months ended September 30, 2021, compared to $7.7 million in the same period of 2020[117] - Remaining expenses for rationalization plans are expected to be $1.2 million, with cash expenditures of approximately $5.9 million[117] - Annual cash expenditures for the withdrawal liability related to the Central States Pension Plan are expected to be approximately $3.1 million through 2040[117] - Average annual interest accretion for the withdrawal liability related to the Central States Pension Plan is expected to be approximately $1.1 million through 2040[117] Acquisitions and Financing - The company acquired Silgan Specialty Packaging and Unicep in September 2021, and Easytech on October 1, 2021, funded through revolving loan borrowings[105] - As of September 30, 2021, the company had $910.0 million of revolving loans outstanding under the Credit Agreement[108] Market Risks - Market risks include changes in interest rates, foreign currency exchange rates, and commodity price changes[120] - The company employs established policies to manage exposure to market risks and does not use derivative financial instruments for speculative purposes[120] - There has not been a material change in interest rate risk, foreign currency exchange rate risk, or commodity pricing risk since the last annual report[121]

Silgan Holdings Inc. (NYSE:SLGN) Q3 2021 Earnings Conference Call October 27, 2021 11:00 AM ET Company Participants Kimberly Ulmer - Vice President, Finance & Treasurer Anthony Allott - Executive Chairman Adam Greenlee - President and CEO Robert Lewis - EVP and CFO Conference Call Participants George Staphos - Bank of America Salvator Tiano - Seaport Research Partners Adam Josephson - KeyBanc Capital Markets Bryan Burgmeier - Citigroup Gabrial Hajde - Wells Fargo Securities Anojja Shah - BMO Capital Mark ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2021 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ________________ to ________________ Commission file number 000-22117 SILGAN HOLDINGS INC. (Exact name of Registrant as specified in its charter) Delaware 06-1 ...

Silgan Holdings Inc. (NYSE:SLGN) Q2 2021 Earnings Conference Call July 28, 2021 11:00 AM ET Company Participants Kim Ulmer - Vice President, Finance & Treasurer Tony Allott - Chairman & Chief Executive Officer Bob Lewis - Executive Vice President & Chief Financial Officer Adam Greenlee - President & Chief Operating Officer Conference Call Participants Adam Josephson – KeyBanc Salvatore Tiano - Seaport Global George Staphos - Bank of America Mark Wilde - Bank of Montreal Gabe Hajde - Wells Fargo Securities I ...