Silgan (SLGN)
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Silgan (SLGN) - 2021 Q3 - Quarterly Report
2021-11-04 19:21
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 (SLGN) - 2021 Q3 - Earnings Call Transcript
2021-10-27 18:59
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 ...
Silgan (SLGN) - 2021 Q2 - Quarterly Report
2021-08-04 15:46
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 (SLGN) - 2021 Q2 - Earnings Call Transcript
2021-07-28 23:24
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 ...
Silgan (SLGN) - 2021 Q1 - Quarterly Report
2021-05-05 17:26
Part I. Financial Information [Financial Statements](index=3&type=section&id=Item%201.%20Financial%20Statements) This section presents Silgan Holdings Inc.'s unaudited condensed consolidated financial statements for Q1 2021, detailing financial position, performance, cash flows, and equity, and notes segment renamings - Effective with the first quarter of 2021, the company renamed its Closures segment to **Dispensing and Specialty Closures** and its Plastic Containers segment to **Custom Containers** to better reflect their product offerings and strategic focus[22](index=22&type=chunk) [Condensed Consolidated Balance Sheets](index=4&type=section&id=Condensed%20Consolidated%20Balance%20Sheets) As of March 31, 2021, total assets were **$6.44 billion**, total liabilities **$5.17 billion**, and stockholders' equity **$1.28 billion**, reflecting minor period-over-period changes Condensed Consolidated Balance Sheet Highlights (USD in thousands) | Account | March 31, 2021 | Dec. 31, 2020 | March 31, 2020 | | :--- | :--- | :--- | :--- | | **Total Current Assets** | $1,819,238 | $1,799,193 | $1,982,345 | | **Total Assets** | $6,441,472 | $6,511,586 | $5,528,538 | | **Total Current Liabilities** | $1,155,108 | $1,191,620 | $1,643,834 | | **Total Liabilities** | $5,165,116 | $5,258,713 | $4,507,963 | | **Total Stockholders' Equity** | $1,276,356 | $1,252,873 | $1,020,575 | [Condensed Consolidated Statements of Income](index=5&type=section&id=Condensed%20Consolidated%20Statements%20of%20Income) Q1 2021 saw net sales increase **20.2% to $1.24 billion**, with net income rising to **$73.3 million** and diluted EPS to **$0.66** Q1 2021 vs Q1 2020 Income Statement (USD in thousands, except per share amounts) | Metric | Q1 2021 | Q1 2020 | | :--- | :--- | :--- | | Net sales | $1,238,110 | $1,030,384 | | Gross profit | $221,466 | $185,098 | | Income before interest and income taxes | $126,549 | $102,141 | | Net income | $73,281 | $57,600 | | Diluted net income per share | $0.66 | $0.52 | [Condensed Consolidated Statements of Comprehensive Income](index=6&type=section&id=Condensed%20Consolidated%20Statements%20of%20Comprehensive%20Income) Comprehensive income for Q1 2021 significantly increased to **$42.4 million**, primarily influenced by net income offset by foreign currency translation losses Q1 2021 vs Q1 2020 Comprehensive Income (USD in thousands) | Item | 2021 | 2020 | | :--- | :--- | :--- | | Net income | $73,281 | $57,600 | | Foreign currency translation | $(33,372) | $(36,439) | | Other comprehensive loss | $(30,853) | $(37,955) | | **Comprehensive income** | **$42,428** | **$19,645** | [Condensed Consolidated Statements of Cash Flows](index=7&type=section&id=Condensed%20Consolidated%20Statements%20of%20Cash%20Flows) Q1 2021 saw **net cash used in operating activities of $172.1 million**, with a **net decrease in cash and cash equivalents of $219.4 million** for the period Cash Flow Summary for the three months ended March 31 (USD in thousands) | Activity | 2021 | 2020 | | :--- | :--- | :--- | | Net cash used in operating activities | $(172,148) | $(168,136) | | Net cash used in investing activities | $(68,362) | $(104,441) | | Net cash provided by financing activities | $25,693 | $688,650 | | **Net (decrease) increase in cash** | **$(219,350)** | **$411,022** | [Condensed Consolidated Statements of Stockholders' Equity](index=8&type=section&id=Condensed%20Consolidated%20Statements%20of%20Stockholders'%20Equity) Total stockholders' equity increased to **$1.28 billion** by March 31, 2021, driven by net income, partially offset by dividends and other comprehensive loss - Dividends declared on common stock per share increased to **$0.14** in Q1 2021 from **$0.12** in Q1 2020[19](index=19&type=chunk) [Notes to Condensed Consolidated Financial Statements](index=9&type=section&id=Notes%20to%20Condensed%20Consolidated%20Financial%20Statements) This section provides detailed disclosures on revenue recognition, rationalization charges, long-term debt, financial instruments, and segment performance data Revenue by Segment (Q1, USD in thousands) | Segment | 2021 | 2020 | | :--- | :--- | :--- | | Dispensing and Specialty Closures | $509,352 | $357,151 | | Metal Containers | $554,081 | $508,519 | | Custom Containers | $174,677 | $164,714 | | **Total** | **$1,238,110** | **$1,030,384** | Rationalization Charges by Segment (Q1, USD in thousands) | Segment | 2021 | 2020 | | :--- | :--- | :--- | | Dispensing and Specialty Closures | $5,231 | $742 | | Metal Containers | $5,021 | $1,963 | | Custom Containers | $105 | $94 | | **Total** | **$10,357** | **$2,799** | - On February 10, 2021, the company issued **$500.0 million** of **1.4%** Senior Secured Notes due 2026 and used the proceeds to prepay **$500.0 million** of outstanding term loans, resulting in a pre-tax charge of **$0.9 million** for loss on early extinguishment of debt[32](index=32&type=chunk) [Management's Discussion and Analysis of Financial Condition and Results of Operations](index=18&type=section&id=Item%202.%20Management's%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) Management discusses Q1 2021 financial results, highlighting a **20.2% increase in net sales** driven by volume and mix, strong segment growth, and the refinancing of debt to maintain liquidity [Results of Operations](index=20&type=section&id=Results%20of%20Operations) Q1 2021 consolidated net sales increased **20.2% to $1.24 billion**, driven by strong volume growth across all segments, particularly Dispensing and Specialty Closures - Dispensing and Specialty Closures segment sales increased **$152.1 million** (**42.6%**), primarily from a **9%** increase in unit volumes, the Albéa acquisition, and favorable foreign currency translation[75](index=75&type=chunk) - Metal Container segment sales increased **$45.6 million** (**9.0%**), driven by a **9%** rise in unit volumes due to high consumer demand for food cans[76](index=76&type=chunk) - Segment income for Metal Containers decreased by **$1.9 million**, primarily due to higher production costs associated with severe winter weather, investments in hiring, and a higher percentage of smaller cans sold[82](index=82&type=chunk) [Capital Resources and Liquidity](index=22&type=section&id=Capital%20Resources%20and%20Liquidity) The company's liquidity is supported by cash from operations and its credit facility, with **$500 million in new notes issued** to refinance debt and maintain ample borrowing capacity - In February 2021, the company issued **$500.0 million** of **1.4%** Notes and used the proceeds to prepay **$500.0 million** of outstanding term loans under its Credit Agreement[87](index=87&type=chunk) - At March 31, 2021, available borrowing capacity under the Credit Agreement was **$1.04 billion** and **Cdn $15.0 million**[91](index=91&type=chunk) - The company is in compliance with all financial and operating covenants in its financing agreements and expects to remain so during 2021[94](index=94&type=chunk) [Quantitative and Qualitative Disclosures About Market Risk](index=24&type=section&id=Item%203.%20Quantitative%20and%20Qualitative%20Disclosures%20About%20Market%20Risk) The company's primary market risks include interest rates, foreign currency, and commodity prices, with no material changes to its risk profile since the 2020 Annual Report - The company's primary market risks stem from interest rates, foreign currency exchange rates, and commodity price changes[103](index=103&type=chunk) - There has not been a material change to the company's market risk profile or management policies since the fiscal year ended December 31, 2020, apart from changes related to debt activities[104](index=104&type=chunk) [Controls and Procedures](index=24&type=section&id=Item%204.%20Controls%20and%20Procedures) The CEO and CFO concluded that disclosure controls and procedures are effective, with ongoing integration of acquired business internal controls for the 2021 annual assessment - The CEO and CFO concluded that disclosure controls and procedures were effective as of the end of the reporting period[105](index=105&type=chunk) - The company is in the process of integrating the internal controls of the acquired Albéa Dispensing Business and will include them in the annual assessment for the 2021 fiscal year[107](index=107&type=chunk) Part II. Other Information [Exhibits](index=25&type=section&id=Item%206.%20Exhibits) This section lists exhibits filed with the Form 10-Q, including CEO and CFO certifications and Inline XBRL financial data files - Exhibits filed include CEO and CFO certifications under the Sarbanes-Oxley Act (**Sections 302 and 906**)[109](index=109&type=chunk) - The filing includes interactive data files formatted in **Inline XBRL**[109](index=109&type=chunk)
Silgan (SLGN) - 2021 Q1 - Earnings Call Transcript
2021-05-01 16:50
Financial Data and Key Metrics Changes - Silgan Holdings reported adjusted earnings of $0.75 per diluted share, a 32% increase from $0.57 in Q1 2020, and at the high end of estimates [10][15] - Consolidated net sales for Q1 2021 increased by $207.7 million or 20.2% year-over-year to $1.240 billion, driven by higher volumes and the inclusion of Albea Dispensing [16][18] - The company reaffirmed full-year guidance of $3.30 to $3.45 per diluted share, representing a 10.3% increase at the midpoint over 2020 levels [12][22] Business Segment Data and Key Metrics Changes - Adjusted segment income in the Dispensing and Specialty Closures segment increased by $25 million to $70.9 million, primarily due to higher unit volumes and a favorable product mix [19] - Metal Container segment achieved record adjusted segment income of $50.6 million, up $1.1 million year-over-year, attributed to a 9% increase in unit volumes [20] - Custom Container segment's adjusted income rose by $2.5 million to $24.6 million, driven by a favorable product mix despite resin cost impacts [21][90] Market Data and Key Metrics Changes - The company noted strong demand in end markets, particularly in pet food and beauty and fragrance sectors, with expectations for continued growth [48][80] - The impact of Winter Storm Uri was acknowledged, affecting logistics and raw material costs, but the company remains optimistic about market recovery [18][23] Company Strategy and Development Direction - Silgan Holdings is focusing on strategic positioning for growth, including the renaming of operating segments to better reflect product offerings [9] - The company is exploring new product development, particularly in sustainability, and is actively trialing alternative resins [102][110] - Management emphasized the importance of customer service and maintaining a culture of innovation as key drivers for long-term success [70][71] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in strong performance for the remainder of the year, despite challenges from raw material cost inflation and tough volume comparisons from 2020 [13][22] - The company anticipates a return to more normal resin cost levels later in the year, which should positively impact margins [12][52] - Management highlighted the ongoing demand for metal packaging and the potential for new customer opportunities following recent industry transactions [39][60] Other Important Information - The company confirmed free cash flow guidance of approximately $300 million for the year, down from $383 million in the prior year [23][54] - The hiring of approximately 100 new employees in the Metal Container segment was noted as a strategic investment to meet anticipated demand [30][76] Q&A Session Summary Question: Employment increases in Metal Containers and long-term outlook - Management confirmed hiring 100 new employees to support anticipated volume growth, indicating confidence in future demand [30][32] Question: Impact of recent European transaction on Silgan - Management acknowledged awareness of the transaction but did not foresee significant changes in market dynamics or risks [38][60] Question: Volume expectations and pantry stocking effects - Management clarified expectations for food can volumes to be up in 2021, supported by strong market trends and customer plans [46][49] Question: Earnings impact from resin cost inflation - Management indicated a more than $10 million negative impact from lagged resin costs in Q2, with expectations for recovery later in the year [50][52] Question: CapEx opportunities and M&A environment - Management expressed readiness to pursue CapEx opportunities aligned with customer needs and indicated a selective approach to M&A, focusing on strong cash-on-cash returns [107][111]
Silgan (SLGN) - 2020 Q4 - Annual Report
2021-02-25 20:59
Sales Performance - The company achieved a 14% increase in unit volumes for metal food containers in 2020 compared to 2019, driven by higher demand for at-home food consumption [168]. - Net sales of the closures business reached $1.71 billion in 2020, reflecting a compounded annual growth rate of approximately 13.2% since 2003 [169]. - The plastic container business reported net sales of $651.5 million in 2020, with a compounded annual growth rate of approximately 6.2% since 1987 [170]. - In 2020, unit volumes for the closures business increased approximately 8%, primarily due to acquisitions and strong demand for consumer health and hygiene products [169]. - Consolidated net sales for 2020 were $4.92 billion, a 9.6% increase compared to 2019, driven by higher volumes across all business segments and acquisitions [186]. - Net sales for the metal container business increased by $84.8 million, or 3.4%, in 2020, primarily due to a 14% increase in unit volumes [188]. - Net sales for the closures business rose by $306.8 million, or 21.8%, in 2020, attributed to an 8% increase in unit volumes and the inclusion of acquired businesses [189][190]. - Net sales for the plastic container business increased by $40.4 million, or 6.6%, in 2020, mainly due to an 11% rise in volumes [191]. Financial Performance - Gross profit margin improved by 1.7 percentage points to 17.6% in 2020 compared to 15.9% in 2019 [192]. - Income before interest and income taxes increased by $152.9 million, or 42.5%, in 2020, with a margin increase to 10.4% from 8.0% [186][193]. - Net income for 2020 was $308.7 million, up from $193.8 million in 2019 [186]. - Selling, general and administrative expenses increased by $62.0 million in 2020, representing 7.7% of consolidated net sales [192]. - Segment income for the metal container business increased by $86.6 million, with a margin rise to 9.6% from 6.5% [194]. - Segment income for the closures business increased by $50.9 million, with a margin increase to 13.1% from 12.3% [195]. Debt and Financing - The aggregate interest and other debt expense as a percentage of income before interest and income taxes was 20.3% in 2020 [179]. - The company utilized $900 million of incremental term loans to fund the purchase price for the Albéa Dispensing Business in June 2020 [176]. - Total consolidated indebtedness was $3,272.0 million with cash and cash equivalents of $409.5 million as of December 31, 2020 [222]. - The company had $3,272.0 million of outstanding indebtedness as of December 31, 2020, with $925.8 million bearing interest at floating rates [240]. - The average outstanding variable rate debt in 2020 was 30% of the total debt, with 26% of the total debt being variable rate debt as of December 31, 2020 [253]. - A one percentage point change in interest rates for variable rate indebtedness would have impacted the 2020 interest expense by approximately $9.6 million [254]. Operational Changes - The company closed six metal container manufacturing facilities and three plastic container manufacturing facilities since 2015 to streamline operations and reduce costs [171]. - Approximately 90% of projected metal container sales in 2021 are expected to be under multi-year supply arrangements, which help mitigate cost volatility [172]. - The company plans to pursue further acquisition opportunities in the consumer goods packaging market to enhance growth and shareholder value [166]. - The company continues to evaluate acquisition opportunities in the consumer goods packaging market and may incur additional indebtedness to finance such acquisitions [234]. Future Outlook - The company anticipates continued strong demand for its products in 2021, particularly in the metal food container and plastic container segments [170]. - Projected capital expenditures are approximately $230 million in 2021, with annual expenditures expected to range from $200 million to $230 million thereafter [233]. - The company expects cash payments for federal, state, and foreign tax liabilities to be approximately $110 million to $120 million in 2021 [233]. Supply Chain and Risk Management - Approximately 19% of annual net sales in 2020 and 2019 were subject to customer-based supply chain financing arrangements [228]. - Approximately 14% and 18% of the Cost of Goods Sold in the Consolidated Statements of Income for the years ended December 31, 2020, and 2019, respectively, were subject to the Supply Chain Financing (SCF) program [230]. - As of December 31, 2020, outstanding trade accounts payables subject to the SCF program were approximately $225 million [230]. - The company manages exposure to natural gas price fluctuations through natural gas swap agreements, converting market pricing to fixed pricing [258]. - The company does not engage in hedging activities for raw materials due to the ability to pass on price changes to customers [257]. - The company has financed its European operations primarily with borrowings denominated in Euros to minimize foreign currency exchange risk [255].
Silgan (SLGN) - 2020 Q4 - Earnings Call Transcript
2021-01-28 00:21
Financial Data and Key Metrics Changes - Silgan Holdings achieved record financial performance in 2020, with revenue increasing to $4.9 billion, a rise of $432 million or 9.6% compared to the prior year [8][11] - Adjusted net income per diluted share was $3.06, up 42% from $2.16 in the previous year [8][12] - Free cash flow reached $383.5 million, or $3.44 per diluted share, significantly higher than $271.7 million in 2019 [9][11] - The company maintained a target leverage ratio just seven months post-acquisition, positioning for future cash deployment opportunities [9] Business Line Data and Key Metrics Changes - The Metal Containers business recorded net sales of $2.56 billion, an increase of $84.8 million, primarily due to a 14% rise in unit volumes [15][16] - The Closures business saw net sales of $1.71 billion, up $306.8 million, driven by an 8% increase in unit volumes and a favorable product mix [17][18] - The Plastic Containers business net sales increased by $40.4 million to $651.5 million, attributed to an 11% rise in volumes [19] Market Data and Key Metrics Changes - The company experienced strong demand in at-home consumption and personal hygiene products, which contributed to the overall sales growth [11][12] - The company noted a shift towards smaller metal packages and a favorable foreign currency translation impact of approximately $10 million in the fourth quarter [20][21] Company Strategy and Development Direction - Silgan Holdings is focused on growth initiatives, including the acquisition and integration of Albéa Group's dispensing operations and capacity expansion projects for health and hygiene products [9][10] - The company anticipates continued strength in its business franchises, with a full year guidance for adjusted earnings per diluted share in the range of $3.30 to $3.45, representing a 10.3% increase over 2020 [10][23] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's future, citing strong performance and the ability to meet unprecedented demands during the pandemic [7][10] - The outlook for 2021 includes expectations for stable free cash flow around $380 million, with capital expenditures projected at approximately $230 million [25][26] Other Important Information - The effective tax rate for 2020 was 24.2%, slightly higher than 23.1% in 2019, influenced by prior year tax audit resolutions [14] - The company has increased cash dividends for the 16th consecutive year, returning $53.6 million to shareholders in 2020 [9][14] Q&A Session Summary Question: Pension expectations for 2021 - Management noted a significant recovery in pension income expectations due to improved equity market performance, shifting from a projected $10 million to $15 million drag to a benefit of around $10 million [30] Question: Volume expectations for 2021 - Management expects strong volume growth in the metal food can business, with Q1 volumes anticipated to be significantly higher than in 2020, driven by customer demand and capacity utilization [31][33] Question: Capital allocation and acquisition strategy - The company maintains a disciplined approach to acquisitions, with a leverage target of 2.5x to 3.5x net debt to EBITDA, and is open to opportunities that fit within its rigid packaging strategy [60][61] Question: Impact of inflation on raw materials - Management discussed the pass-through mechanisms for raw material costs, particularly in the plastics business, and noted that while costs are expected to rise, they are generally passed on to customers [46][48] Question: Recovery in the fragrance business - Management indicated a gradual recovery in the fragrance market, particularly in regions like South America and Asia, with expectations for improved performance in 2021 [66][69]
Silgan (SLGN) - 2020 Q3 - Earnings Call Transcript
2020-10-21 22:18
Silgan Holdings, Inc. (NYSE:SLGN) Q3 2020 Earnings Conference Call October 21, 2020 11:00 AM ET Company Participants Kimberly Ulmer - VP, Finance & Treasurer Anthony Allott - CEO & Chairman Robert Lewis - EVP & CFO Adam Greenlee - President & COO Conference Call Participants Bryan Burgmeier - Citigroup Mark Wilde - BMO Capital Markets Adam Josephson - KeyBanc Capital Markets George Staphos - Bank of America Merrill Lynch Gabrial Hajde - Wells Fargo Securities Kyle White - Deutsche Bank Ghansham Panjabi - Ro ...
Silgan (SLGN) - 2020 Q2 - Earnings Call Transcript
2020-07-22 22:56
Silgan Holdings Inc. (NYSE:SLGN) Q2 2020 Earnings Conference Call July 22, 2020 11:00 AM ET Company Participants Kim Ulmer - Vice President, Finance & Treasurer Tony Allott - Chairman & Chief Executive Officer Adam Greenlee - President & Chief Operating Officer Bob Lewis - Executive Vice President & Chief Financial Officer Conference Call Participants Bryan Burgmeier - Citi George Staphos - Bank of Americas Mark Wilde - Bank of Montreal Ghansham Panjabi - Baird Brian Maguire - Goldman Sachs Adam Josephson - ...