Silgan Announces Second Quarter 2024 Results

Silgan Holdings Inc. (NYSE: SLGN), a leading supplier of sustainable rigid packaging solutions for the world’s essential consumer goods products, today reported second quarter 2024 net sales of $1.38 billion and net income of $76.1 million, or $0.71 per diluted share, as compared to second quarter 2023 net sales of $1.43 billion and net income of $78.9 million, or $0.71 per diluted share.

“The Silgan team delivered solid second quarter results that were above the midpoint of our guidance range, as our business continues to show strength and improving year-over-year trends,” said Adam Greenlee, President and CEO. “Our global dispensing business remains a bright spot and continues to benefit from our market leading innovation, strong end market demand and the commercialization of new business wins that all contributed to drive double digit growth for our dispensing products and more than 20% higher Adjusted EBIT in our Dispensing and Specialty Closures business year-over-year. We are encouraged that volume trends for our products across our businesses have continued to improve sequentially and showed positive year-over-year growth in the second quarter, signaling the conclusion of our food and beverage customers’ destocking activities that began this time last year. Our Metal Containers business remains well positioned to grow alongside our long-term customers in the pet food industry, and in our Custom Containers business we benefited from the early commercialization of the new business award. Overall, we continue to see positive year-over-year momentum in our business, and our long-term strategic priorities remain on track to drive organic growth and margin improvement in 2024,” continued Mr. Greenlee.

Related Posts

Berry Global Announces Agreement With Borealis for the Supply of Circular Polyolefins

Berry Global Group, Inc. announced its continued leading investments in access to circular polyolefins from advanced recycling to support customer sustainability goals. These polyolefins are obtained by advanced recycling, enabled by the adoption of new chemical recycling technologies, of post-consumer plastic waste not suitable for traditional recycling. In this agreement, Berry collaborates with a leading supplier of polyolefin solutions, Borealis, for access to its first volumes of the in-demand circular polyolefins made from chemical recycling. This announcement adds to Berry’s access to the 600 million pounds of post-consumer recycled (PCR) content by 2025, allowing Berry to further support customers with unmatched access to circular polyolefins. Innovative processes like chemical recycling make it possible for material that would otherwise be discarded as waste and destined for incineration or landfill to be used as feedstock for production of polyolefins that fulfill the most stringent quality requirements. Continually increasing the demand for these processes is a critical component in the economics of achieving a circular economy, while just last month, Berry announced its access to another 300 million pounds of chemical recycled material.

Amcor unveils state-of-the-art healthcare packaging facility in Singapore

Amcor announced the opening of its greenfield packaging facility in Tuas, Singapore. The dedicated healthcare packaging facility will address a current and future market need, as demand for healthcare packaging is rapidly increasing across the region. Amcor’s new Tuas facility comprises cleanroom manufacturing environments, capability in three-, seven- and nine-layer co-extrusion blown film, and state-of-the-art flexographic printing. It is also fully certified to ISO 13485, ensuring the ability to fully satisfy industry regulatory requirements.

Crown Honored with “Value Excellence” Title at SC Johnson’s 2020 Together We Win Supplier Awards

SC Johnson has once again recognized Crown Holdings, Inc. at the brand’s 2020 Together We Win Supplier Awards. Crown received the “Value Excellence” title, which acknowledges a supplier’s commitment to continuous improvement, excellence in supply chain management and focus on collaborative processes. The Company supports SC Johnson in North America and Europe with the manufacturing and innovation of diverse aerosol packaging in the brand’s household cleaning, air care and pest control product portfolio.
Back To Top
×Close search
Search