Record Financial Performance
Silgan Holdings reported record financial results for the first quarter of 2025, with net sales of approximately $1.5 billion, representing an 11% increase from the prior year period. Adjusted EBIT increased by 17%, and adjusted EPS grew by 19% to $0.82.
Strong Performance in Dispensing and Specialty Closures
The Dispensing and Specialty Closures segment saw a 25% increase in sales, primarily due to the Weener Packaging acquisition and a 4% increase in volume mix. This segment reported a 28% increase in adjusted EBIT.
Growth in Metal and Custom Containers
Metal Containers experienced a 2% increase in sales, driven by a 4% increase in unit volumes. Custom Containers also saw a 2% sales increase and a 22% rise in adjusted EBIT.
Positive Outlook for 2025
Silgan Holdings confirmed its estimate of adjusted EPS in the range of $4 to $4.20 for 2025, a 13% increase at the midpoint compared to 2024. Free cash flow is estimated at approximately $450 million, a 50% increase from the prior year.