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Last $51.90 USD
Change Today +0.18 / 0.35%
Volume 2.0K
SLGN On Other Exchanges
Symbol
Exchange
NASDAQ GS
Frankfurt
As of 9:43 AM 07/28/15 All times are local (Market data is delayed by at least 15 minutes).

silgan holdings inc (SLGN) Snapshot

Open
$51.90
Previous Close
$52.31
Day High
$51.97
Day Low
$51.55
52 Week High
03/11/15 - $59.26
52 Week Low
10/2/14 - $45.94
Market Cap
3.1B
Average Volume 10 Days
224.9K
EPS TTM
$3.05
Shares Outstanding
60.5M
EX-Date
05/28/15
P/E TM
17.0x
Dividend
$0.64
Dividend Yield
1.20%
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. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015; Provides Earnings Guidance for the Third Quarter and Full Year 2015

Silgan Holdings Inc. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported net income of $42.2 million, or $0.70 per diluted share, as compared to second quarter 2014 net income of $44.0 million, or $0.69 per diluted share. Adjusted net income per diluted share was $0.71 for the second quarter of 2015, after adjustments increasing net income per diluted share by $0.01. Adjusted net income per diluted share was $0.73 for the second quarter of 2014, after adjustments increasing net income per diluted share by $0.04. Net sales were $914.2 million, a decrease of $3.1 million, or 0.3%, as compared to $917.3 million in 2014. This decrease was the result of a decrease in net sales in the closures and plastic container businesses due partly to the impact of unfavorable foreign currency translation, partially offset by an increase in net sales in the metal container business. Income from operations was $78.3 million, a decrease of $7.8 million, or 9.1%, as compared to $86.1 million for the second quarter of 2014. The decrease was the result of a decrease in income from operations in each business. Income before income taxes was $61.5 million compared to $67.1 million a year ago. Capital expenditures for the second quarter of 2015 totaled $49.4 million compared with $33 million in the prior year quarter. For the six months, net income was $75.5 million, or $1.22 per diluted share, as compared to net income for the first six months of 2014 of $75.5 million, or $1.18 per diluted share. Adjusted net income per diluted share was $1.24 versus $1.26 in the prior year period, after adjustments increasing net income per diluted share by $0.02 for the first six months of 2015 and adjustments increasing net income per diluted share by $0.08 for the first six months of 2014. Net sales decreased $42.4 million, or 2.4%, to $1.73 billion as compared to $1.77 billion for the first six months of 2014. This decrease was primarily the result of the unfavorable impact of foreign currency translation, the pass through of lower raw material costs in the closures and plastic container businesses, lower volumes in the plastic container business, the unfavorable financial impact from recent longer-term customer contract renewals and the cessation of operations in Venezuela at the end of 2014. Income from operations was $145.4 million, a decrease of $8.7 million, or 5.6%, from the same period in 2014. This decrease was primarily a result of higher manufacturing costs in the metal container business, the unfavorable impact from recent longer-term customer contract renewals and manufacturing inefficiencies in the plastic container business, the impact of unfavorable foreign currency translation, lower volumes in the plastic container business, a less favorable mix of products sold in the metal container business and the impact from a reduction in inventory as compared to an inventory build in the prior year period in the closures business. Net cash used in operating activities was $136.7 million compared to $162.8 million a year ago. Capital expenditures were $98.2 million compared to $60 million a year ago. Income before income taxes was $112.2 million compared to $115.0 million a year ago. The company provided earnings guidance for the third quarter and full year 2015. Based on its year-to-date performance and its outlook for the remainder of the year, it is confirming its full year 2015 earnings estimate of adjusted net income per diluted share in a range of $3.10 to $3.30. This estimate compares to adjusted net income per diluted share for the full year of 2014 of $3.17. The company is expecting tax rate for the full year to probably be in the neighborhood of 33%. For the third quarter, the company is providing an estimate of adjusted net income per diluted share, which excludes rationalization charges, in the range of $1.35 to $1.45. Given the uncertainties around the timing of the fruit and vegetable pack, the results of the back half of the year could shift between the third and fourth quarters. This estimate compares to adjusted net income per diluted share of $1.33 in the third quarter of 2014.

Silgan Holdings Inc. to Report Q2, 2015 Results on Jul 22, 2015

Silgan Holdings Inc. announced that they will report Q2, 2015 results at 11:00 AM, US Eastern Standard Time on Jul 22, 2015

Silgan Holdings Inc., Q2 2015 Earnings Call, Jul 22, 2015

Silgan Holdings Inc., Q2 2015 Earnings Call, Jul 22, 2015

 

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Industry Analysis

SLGN

Industry Average

Valuation SLGN Industry Range
Price/Earnings 18.0x
Price/Sales 0.8x
Price/Book 5.4x
Price/Cash Flow 17.4x
TEV/Sales 0.3x
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