Silgan Holdings Inc., an American manufacturer specializing in metal packaging for food and closure products, has published its results for the second quarter of 2025, highlighting record sales and profitability. The performance is mainly attributed to the acquisition of Weener and the increase in volume in its divisions.
Performance by segments
Sales of caps, closures and special dispensing systems reached $702.2 million (+24%). Adjusted EBIT rose 16% to $107.9 million, driven by the integration of Weener and higher volumes, offsetting a 3% drop in special closures due to adverse weather in the U.S. As for metal packaging, sales rose 4% reaching $676.1 million. They have registered mid-range volume growth in pet food cans. Adjusted EBIT increased $12.3 million to $70.8 million. A reduction in sales of custom packaging is detected, with a decrease of 3%, although adjusted EBIT rose to $24.9 million (+$2.4 million) thanks to efficiency improvements.
Silgan has adjusted its forecast for 2025 of adjusted EPS for the full year to a range of $3.85 – $4.05, lower than the previous range of $4.00 – $4.20, due to lower volume expectations in specialized closures and the bankruptcy of a customer in this segment of Metal Containers in North America.
The forecast for free cash flow for 2025 has been adjusted to approximately $430 million, although it represents an increase of 10% compared to 2024. Capital investment is estimated at approximately $300 million.
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