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Last $56.51 USD
Change Today +0.25 / 0.44%
Volume 127.9K
SLGN On Other Exchanges
Symbol
Exchange
NASDAQ GS
Frankfurt
As of 5:20 PM 04/24/15 All times are local (Market data is delayed by at least 15 minutes).

silgan holdings inc (SLGN) Snapshot

Open
$56.43
Previous Close
$56.26
Day High
$56.59
Day Low
$56.19
52 Week High
03/11/15 - $59.26
52 Week Low
10/2/14 - $45.94
Market Cap
3.4B
Average Volume 10 Days
175.8K
EPS TTM
$3.07
Shares Outstanding
60.5M
EX-Date
03/12/15
P/E TM
18.4x
Dividend
$0.64
Dividend Yield
1.08%
Current Stock Chart for SILGAN HOLDINGS INC (SLGN)

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silgan holdings inc (SLGN) Details

Silgan Holdings Inc., together with its subsidiaries, manufactures and sells rigid packaging for shelf-stable food and other consumer goods products worldwide. The company operates through three segments: Metal Containers, Closures, and Plastic Containers. The Metal Containers segment manufactures and sells steel and aluminum containers for food products, such as soups, vegetables, fruits, meat, tomato based products, coffee, seafood, adult nutritional drinks, pet food, and other miscellaneous food products, as well as general line metal containers primarily for chemicals. The Closures segment offers a range of metal, composite, and plastic closures for food and beverage products, such as juices and juice drinks, ready-to-drink teas, sports and energy drinks, dairy products, ketchup, salsa, pickles, tomato sauce, soups, cooking sauces, gravies, fruits, vegetables, preserves, baby food, baby juices, and infant formula products. The Plastic Containers segment manufactures and sells custom designed plastic containers, tubes, and closures for personal care, food, health care, pharmaceutical, household and industrial chemical, pet care, agricultural, automotive, and marine chemical products. This segment also offers plastic thermoformed barrier and non-barrier bowls and trays for food products, such as soups and other ready-to-eat meals, and pet food, as well as thermoformed plastic tubs for personal care and household products, including soft fabric wipes. The company markets its products primarily through direct sales force, as well as through a network of distributors and an online shopping catalog. Silgan Holdings Inc. was founded in 1987 and is headquartered in Stamford, Connecticut.

9,310 Employees
Last Reported Date: 02/27/15
Founded in 1987

silgan holdings inc (SLGN) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $944.5K
Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: $577.0K
Chief Operating Officer and Executive Vice Pr...
Total Annual Compensation: $577.0K
President of Silgan Containers
Total Annual Compensation: $470.5K
Senior Vice President, General Counsel and Se...
Total Annual Compensation: $408.0K
Compensation as of Fiscal Year 2014.

silgan holdings inc (SLGN) Key Developments

Silgan Holdings Inc. Declares Quarterly Dividend, Payable on March 30, 2015

Silgan Holdings Inc. announced that its board of directors declared a $0.16 per share quarterly cash dividend on its common stock, payable on March 30, 2015 to the holders of record of the common stock of the company on March 16, 2015. This represents approximately a 7% increase in the company’s quarterly cash dividend.

Silgan Holdings Inc. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended Dec. 31, 2014; Provides Earnings Guidance for the First Quarter and Full Year 2015

Silgan Holdings Inc. reported unaudited consolidated earnings results for the fourth quarter and year ended Dec. 31, 2014. For the quarter, the company reported net sales of $910.2 million compared to $864.8 million a year ago. This increase was primarily due to the pass through of higher raw material costs, an increase in unit volumes in the metal container business due primarily to volumes associated with the Van Can acquisition and an increase in unit volumes in the closures business due principally to the inclusion of net sales from Portola Packaging. Income from operations was $59.1 million compared to $55.3 million a year ago. The increase was primarily due to lower manufacturing and depreciation expenses, an increase in unit volumes in the metal container business and the inclusion of Portola Packaging. The increase was partially offset by a loss from operations in Venezuela as compared to income in the prior year quarter, the financial impact from customer contract renewals and extensions in the metal container business and higher rationalization charges. Income before income taxes was $41.2 million compared to $35.7 million a year ago. Net income was $23.6 million or $0.37 per diluted share compared to $23.3 million or $0.36 per diluted share a year ago. Adjusted net income per diluted share was $0.58 compared to $0.40 a year ago. For the year, the company reported net sales of $3,911.8 million compared to $3,708.5 million a year ago. This increase was the result of an increase in net sales across all businesses. Income from operations was $360.9 million compared to $324.2 million a year ago. The increase was the result of increases in income from operations across all businesses. Income from operations for 2014 included rationalization charges of $14.5 million and a loss from operations in Venezuela of $3.1 million. Income before income taxes was $284.6 million compared to $254.7 million a year ago. Net income was $182.4 million or $2.86 per diluted share compared to $185.4 million or $2.87 per diluted share a year ago. Net cash provided by operating activities $345 million compared to $350.7 million a year ago. Capital expenditures were $140.5 million compared to $103.1 million a year ago. Adjusted net income per diluted share was $3.17 compared to $2.74 a year ago. Free cash flow $200.8 million or $3.15 per diluted share compared to $260.7 million or $4.03 per diluted share a year ago. The company expects to deliver full year adjusted net income per diluted share in 2015 in a range of $3.20 to $3.40 and free cash flow of approximately $100 million after significant capital expenditures to fund strategic activities. Free cash flow in 2015 includes a significant increase in capital expenditures to $250 million as a result of strategic initiatives. The company expects interest expense to increase slightly due to the use of cash for the proposed $200 million tender offer and investments in three new production facilities. Tax rate to be largely in line with a more normalized rate of 34.5%. For the first quarter of 2015, while net sales could be lower than the prior year period due primarily to the impact from unfavorable foreign currency translation, lower resin prices and the shutdown of operations in Venezuela, the company is providing an estimate of adjusted net income per diluted share in the range of $0.50 to $0.60, as compared to adjusted net income per diluted share of $0.53 in the first quarter of 2014. The estimate for the first quarter of 2015 excludes rationalization charges and includes the estimated impact from the proposed $200 million tender offer calculated using recent stock prices.

Silgan Holdings Inc. to Report Q4, 2014 Results on Feb 03, 2015

Silgan Holdings Inc. announced that they will report Q4, 2014 results at 5:00 PM, Eastern Standard Time on Feb 03, 2015

 

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Industry Analysis

SLGN

Industry Average

Valuation SLGN Industry Range
Price/Earnings 19.7x
Price/Sales 0.9x
Price/Book 5.0x
Price/Cash Flow 18.7x
TEV/Sales 0.4x
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