Silgan Holdings Inc

Latest Results (03.04.2026):

Silgan Holdings Inc. — fourth quarter of 2025 results: Q4 net sales were $1.47 billion (up 4% year‑over‑year) and Q4 net income was $18.2 million, or $0.17 per diluted share (versus $45.1 million, $0.42 in Q4 2024). For the full year 2025 Silgan reported net sales of $6.5 billion and net income of $288.4 million, or $2.70 per diluted share; adjusted net income per diluted share for 2025 was $3.72. Free cash flow for 2025 was $445.2 million and the company returned approximately $160 million to shareholders. Management provided 2026 guidance of adjusted EPS $3.70–$3.90 and free cash flow of about $450 million.

Revenue & EPS (Q4 and FY 2025)

Q4 2025 net sales: $1,468.6M (+4% vs Q4 2024). Q4 GAAP diluted EPS: $0.17. FY 2025 net sales: $6,483.2M (+11% vs 2024) and GAAP diluted EPS: $2.70; FY adjusted diluted EPS: $3.72 (3% increase vs 2024 adjusted EPS of $3.62).

Adjusted results and key non‑GAAP items

Q4 2025 adjusted net income per diluted share was $0.67 (includes $0.50 of adjustments). Full‑year adjustments increased diluted EPS by $1.02 in 2025. Major adjustments include acquired intangible amortization, rationalization charges and other acquisition‑related items (see Table A).

Segment performance — Dispensing & Specialty Closures

Dispensing & Specialty Closures (55% of 2025 Adjusted EBITDA) grew sales >17% in 2025 (to $2.7B) and record Adjusted EBIT of $420.0M. Dispensing product sales grew >30% in 2025, aided by the Weener acquisition and organic growth in fragrance/beauty markets. Q4 adjusted EBIT was $99.3M (down modestly vs prior year).

Segment performance — Metal Containers (pet food strength)

Metal Containers net sales were $675.6M in Q4 (+11% YoY) and $3.14B for 2025 (+8% YoY). Pet food volumes increased ~7% in 2025; Q4 Metal Containers Adjusted EBIT rose to $44.2M, supported by favorable price/cost mix and cost‑reduction actions.

Segment performance — Custom Containers

Custom Containers delivered a record year of profitability: 2025 Adjusted EBIT rose to $89.9M (from $81.0M in 2024). Q4 net sales were $149.4M (down 8% YoY) driven by volume reductions tied to exiting lower‑margin businesses as part of footprint optimization; Q4 adjusted EBIT was $17.3M.

Cash flow & capital allocation

Net cash provided by operations was $729.8M in 2025; free cash flow was $445.2M (+14% vs 2024). The company returned approximately $160M to shareholders (dividends and share repurchases) and ended 2025 with cash & equivalents of $1,080.7M.

Balance sheet & interest

Total debt (current + long‑term) was $4,346.8M at Dec. 31, 2025. Interest and other debt expense for 2025 was $189.4M; the company expects interest expense in 2026 of about $205M.

Tax and Q4 items

Effective tax rate in Q4 2025 was unusually high at 67.2% (primarily due to non‑deductible restructuring costs); adjusted tax rate for Q4 was 31.5%. Rationalization charges were $32.5M in Q4 and $60.5M for the year.

2026 outlook

Silgan estimates 2026 adjusted net income per diluted share of $3.70–$3.90 (midpoint ~2% above 2025 adjusted EPS), free cash flow of about $450M, capital expenditures ~ $310M, and first quarter 2026 adjusted EPS of $0.70–$0.80.