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, will release its third quarter 2025 earnings results on Wednesday, October 29, 2025, before the U.S. markets open. At 11:00 a.m. eastern time on that day, Silgan will hold a conference call to discuss the Company's results and performance for this period. Callers in the U.S. and Canada can access the conference call toll free by di ...

Financial Data and Key Metrics Changes - The company reported net sales of approximately $1.5 billion, an increase of 11% from the prior year period, driven primarily by growth in dispensing products and the acquisition of Vayner [11][12] - Adjusted EBIT for the quarter reached a record $193 million, up 17% year over year, attributed to strong growth in dispensing products and improved price-cost dynamics in metal containers [11][12] - Adjusted EPS was $1.01, reflecting a $0.13 or 15% increase from the prior year quarter [12] Business Line Data and Key Metrics Changes - The Dispensing and Specialty Closures segment saw a 24% increase in sales compared to the prior year, mainly due to the inclusion of Vayner's sales and higher organic volumes [13] - Metal containers sales increased by 4% year over year, driven by favorable price mix and a 1% benefit from foreign currency translation [14] - Custom containers experienced a 3% decrease in sales, but adjusted EBIT increased by 11% due to favorable price-cost dynamics [15] Market Data and Key Metrics Changes - The North American beverage specialty closure products experienced a decline of 3.3% in volumes, primarily due to adverse weather conditions affecting consumption patterns [13][14] - Pet food products in metal containers grew by a mid-single-digit percentage, reflecting strong demand in the fastest-growing segments of the pet food market [7][14] - The company expects a mid-single-digit percentage growth in metal containers volumes, driven by pet food and a partial recovery in fruit and vegetable pack volumes [9] Company Strategy and Development Direction - The company is focused on leveraging the integration of the Vayner acquisition to drive accelerated growth and enhance its product portfolio [6] - Strategic initiatives and cost reduction efforts are expected to continue supporting earnings growth, with a projected 9% increase in adjusted EPS for 2025 [9][16] - The company remains confident in its ability to deliver significant earnings growth in 2025, despite challenges in certain markets [8][9] Management's Comments on Operating Environment and Future Outlook - Management acknowledged the impact of adverse weather on beverage consumption and promotional spending, which is expected to affect volumes in the second half of the year [7][8] - The company anticipates that the missed consumption occasions in the first half will not be recovered in the remainder of the year [7] - Management expressed confidence in the recovery of the beverage market in 2026, despite current challenges [96] Other Important Information - The company revised its estimate of adjusted EPS for 2025 to a range of $3.85 to $4.50, reflecting lower volume expectations in specialty closures and the impact of a customer bankruptcy [15][16] - Free cash flow estimates were adjusted from approximately $450 million to $430 million, with a 10% increase from the prior year [16] Q&A Session Summary Question: Impact of customer bankruptcy on volumes and EBIT - Management confirmed that the recent bankruptcy of a large customer is expected to impact metal containers adjusted EBIT by approximately $10 million in 2025, but they have mitigated financial risks associated with this [20][22][68] Question: Dispensing business growth expectations - Management clarified that the expected mid-teens percentage increase in dispensing EBIT is primarily affected by the hot fill beverage segment, with no reduction to the balance of the business [33][36] Question: Outlook for soup volumes - Management indicated that soup volumes are expected to remain stable in the second half of the year, with strong relationships with customers supporting consistent demand [55][57] Question: Effects of tariffs on customers - Management stated that the company can pass through tariff-related costs to customers, and the impact on food cans is minimal, with no significant change in consumer purchasing behavior expected [86][90] Question: Working capital outflow concerns - Management explained that the working capital outflow was primarily due to securing additional raw materials ahead of tariffs, and they expect this to normalize by the end of the year [78][81]

Financial Data and Key Metrics Changes - The company reported net sales of approximately $1.5 billion, an increase of 11% from the prior year, driven primarily by growth in dispensing products and the acquisition of Vayner [11] - Adjusted EBIT for the quarter reached a record $193 million, up 17% year-over-year, attributed to strong growth in dispensing products and improved price-cost dynamics in metal containers [11] - Adjusted EPS was $1.01, reflecting a 15% increase from the prior year quarter [11] Business Line Data and Key Metrics Changes - The Dispensing and Specialty Closures segment saw a 24% increase in sales compared to the prior year, largely due to the inclusion of Vayner and higher organic volumes [12] - Metal containers sales increased by 4% year-over-year, driven by favorable price mix and a 1% benefit from foreign currency translation [14] - Custom containers experienced a 3% decrease in sales, but adjusted EBIT increased by 11% due to favorable price-cost dynamics [15] Market Data and Key Metrics Changes - The North American beverage specialty closure products experienced a decline of 3.3% in volumes, primarily due to adverse weather conditions impacting consumption patterns [12] - Pet food products in metal containers grew by a mid-single-digit percentage, reflecting strong demand in the fastest-growing segments of the pet food market [6] - The company expects metal containers volumes to grow by a mid-single-digit percentage, driven by growth in pet food and a partial recovery in fruit and vegetable pack volumes [9] Company Strategy and Development Direction - The company is focused on leveraging the integration of the Vayner acquisition to drive accelerated growth and uncover new opportunities in various markets, including healthcare and pharma [5] - The strategic emphasis remains on organic growth in dispensing and pet food products, with expectations for high single-digit growth in dispensing volumes [8] - The company aims to achieve a 9% increase in adjusted EPS and exceed $1 billion in adjusted EBITDA for the first time in its history [9] Management's Comments on Operating Environment and Future Outlook - Management acknowledged the impact of adverse weather on consumption patterns and promotional spending, which affected volumes in the first half of the year [6] - The outlook for the second half of the year remains positive, with expectations for strong growth in dispensing and specialty closures, despite challenges in the North American beverage market [17] - Management expressed confidence in the company's ability to navigate the current challenges and achieve significant earnings growth in 2025 [8] Other Important Information - The company revised its estimate of adjusted EPS for 2025 to a range of $3.85 to $4.50, reflecting the impact of lower volume expectations in specialty closures and the customer bankruptcy in metal containers [15] - Free cash flow estimates were adjusted from approximately $450 million to $430 million, with a 10% increase from the prior year [16] Q&A Session Summary Question: Impact of customer bankruptcy on volumes - Management confirmed that the recent bankruptcy of a large customer would impact volumes but emphasized that they had no financial exposure due to proactive measures taken [20][23] Question: Adjustments in dispensing EBIT expectations - Management clarified that the expected mid-teens increase in dispensing EBIT was still on track, with the hot fill beverage impact accounted for separately [32][35] Question: Organic growth in dispensing products - Management indicated that legacy dispensing products were experiencing mid to high single-digit growth, despite challenges in the hot fill beverage segment [44] Question: Outlook for soup volumes - Management expressed confidence in stable soup volumes for the second half of the year, attributing earlier declines to timing issues [53][55] Question: Tariffs impact on customers - Management stated that tariffs would not significantly impact the company's financial exposure, as costs would be passed through to customers [86][90]

Financial Data and Key Metrics Changes - The company reported net sales of approximately $1.5 billion, an increase of 11% from the prior year, driven primarily by the Vayner acquisition and organic volume growth across all segments [13][14] - Adjusted EBIT for the quarter increased by 17% year over year, resulting in record adjusted EBIT in the dispensing and specialty closures and custom container segments [13][15] - Record adjusted EPS of $0.82 increased by $0.13 or 19% from the prior year quarter [13][14] Business Line Data and Key Metrics Changes - In the dispensing and specialty closures segment, sales increased by 25% year over year, primarily due to the Vayner acquisition, which contributed approximately $126 million during the quarter [14] - The metal containers segment saw a 2% increase in sales, driven by a 4% increase in unit volumes, particularly in pet food and soup products [15] - Custom containers experienced a 2% increase in sales, with adjusted EBIT rising by 22% compared to the first quarter of 2024, attributed to favorable price cost and higher volumes [15] Market Data and Key Metrics Changes - The company expects mid single-digit volume growth in dispensing and specialty closures, metal containers, and custom containers for 2025, driven by strong demand in pet food and a partial recovery in fruit and vegetable pack volumes [11][12] - The pet food market continues to grow at a mid-single-digit rate, supported by pet population growth and premiumization trends [9][10] Company Strategy and Development Direction - The company emphasizes a customer intimacy model that sets it apart in the marketplace, focusing on innovation and meeting evolving customer needs [11][12] - The integration of the Vayner acquisition is on track, with expectations for continued growth and synergy capture [9][32] - The company remains confident in its ability to execute its strategic growth initiatives and deliver record results in 2025 [12][16] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving mid-single-digit volume growth across all segments despite potential macroeconomic uncertainties [23][30] - The company highlighted strong relationships with customers and a focus on non-discretionary consumer staples, which provide stability in demand [30][42] - Management noted that the ongoing benefits of cost reduction programs and strong customer relationships support a positive outlook for the remainder of 2025 [17][30] Other Important Information - The company confirmed its estimate of adjusted EPS for 2025 in the range of $4 to $4.2, representing a 13% increase at the midpoint compared to 2024 [16] - Free cash flow is estimated at approximately $450 million for 2025, a 15% increase from the prior year [16][108] Q&A Session Summary Question: Concerns about volume guidance amidst economic uncertainty - Management reiterated confidence in mid-single-digit volume growth across segments, citing strong performance in dispensing products and pet food [23][30] Question: Insights on the Vayner acquisition - Management expressed satisfaction with the Vayner acquisition, confirming it aligns with growth expectations and customer service models [31][32] Question: Impact of tariffs and customer purchasing patterns - Management indicated minimal impact from tariffs, with no unusual buying activity observed, particularly in the pet food segment [27][44] Question: Changes in customer new product activity - Management noted ongoing innovation and new product launches, particularly in the soup category, which supports confidence in volume growth [39][40] Question: Expectations for metal containers in Q2 - Management expects flat volume for metal containers in Q2, with growth anticipated in pet food and a stronger performance in the back half of the year [49][52] Question: Free cash flow and capital allocation priorities - Management confirmed free cash flow guidance of $450 million for 2025, with a preference for M&A as the primary use of cash flow [108][111]