NASDAQ$SLGN

Silgan Holdings Inc · Q4 2024 earnings

Q4 2024 earnings · · Before market open · Investor relations

Briefing

Silgan reported record fourth quarter results and anticipates significant earnings and free cash flow growth in 2025.

Silgan Holdings Inc. reported Q4 2024 net income of $45.1 million, or $0.42 per diluted share, compared to $64.4 million, or $0.60 per diluted share, in Q4 2023. Adjusted net income per diluted share for Q4 2024 was a record $0.85, a 35% increase over Q4 2023. Net sales for Q4 2024 were $1.4 billion, a 5% increase compared to the same period in the prior year.

  • Completed acquisition of Weener Packaging.
  • Dispensing and Specialty Closures segment achieved record Adjusted EBIT.
  • Dispensing products delivered three consecutive quarters of double digit volume growth.
  • Metal Containers experienced double digit growth in pet food markets.

Headline financials

Total Revenue

$1.41B

Previous: $1.34B+5.3%
EPS (adj)

$0.85

Previous: $0.63+34.9%
Effective Tax Rate

8.8%

No prior period
Adjusted Tax Rate

15.5%

No prior period
Capital Expenditures

-$70.8M

Previous: -$53.3M-32.7%
Net Income

$45.1M

Previous: $64.4M-30.0%
Operating Income

$94.2M

Previous: $126M-25.3%
Gross Profit

$239M

Previous: $219M+9.4%

Revenue & EPS history

Silgan · Revenue · Quarterly

$1.41B

Q4 2024+5.3%vs Q4 2023
Beat estimate in 5 of 15 quarters(33%)
ActualEstimate

Revenue by segment

Silgan · $1.8B total across 3 segments · Q3 2023

  • Metal Containers
    $1.09B-9.7%
  • Dispensing & Specialty Closures
    $559M-2.8%
  • Custom Containers
    $149M-18.3%

Forward guidance

The Company currently estimates adjusted net income per diluted share for the full year of 2025 will be in the range of $4.00 to $4.20 and free cash flow in 2025 will be approximately $450 million.

Tailwinds

  • Volumes and Adjusted EBIT in all segments for 2025 are expected to be higher than 2024 levels.
  • Adjusted net income per diluted share for the full year of 2025 will be in the range of $4.00 to $4.20, a 13% increase at the midpoint of the range over adjusted net income per diluted share of $3.62 in 2024.
  • Free cash flow in 2025 will be approximately $450 million, a 15% increase as compared to $391.3 million in 2024.
  • For the first quarter of 2025, the Company expects low to mid single digit organic volume increases and higher Adjusted EBIT in all segments.
  • The Company is providing an estimate of adjusted net income per diluted share for the first quarter of 2025 in the range of $0.74 to $0.84, a 14% increase at the midpoint as compared to $0.69 in the first quarter of 2024.

Headwinds

  • Anticipates interest and other debt expense in 2025 of approximately $185 million.
  • Expects an effective tax rate for 2025 of approximately 24%.
  • Capital expenditures are expected to increase to approximately $300 million in 2025 as compared to $262.8 million in 2024.
  • Metal containers volume was comparable to the prior year quarter, with double digit growth for pet food markets offset largely by anticipated lower volumes for fruit and vegetable markets due to severe weather in 2024.
  • Net sales of the Metal Containers segment were $610.2 million in the fourth quarter of 2024, a decrease of $55.1 million, or 8%, as compared to $665.3 million in the fourth quarter of 2023.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q4 2024

Historical avgQ4 2024

-0.2%

Avg return

Earnings day

+0.5%

Avg return

5 days after

+0.7%

Avg return

30 days after

54%

37 / 68 earnings

Positive

+9.6%

Q4 2025

Best reaction

-13.6%

Q3 2025

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+1.6%+1.3%-3.2%
Q4 2025+9.6%+11.2%+1.5%
Q3 2025-13.6%-13.1%-11.4%
Q1 2025-1.5%+4.0%+5.0%
Q4 2024+5.2%+3.4%+2.5%
Q3 2024+1.9%+4.5%+13.3%
Q2 2024+8.1%-0.7%+7.2%
Q1 2024-2.7%-0.0%+1.3%
Q4 2023+6.3%+2.5%+0.2%
Q3 2023-3.3%-3.5%+2.1%
Q2 2023-11.2%-10.2%-7.9%
Q1 2023-9.4%-7.0%-13.0%
Q4 2022+4.7%+3.9%+6.1%
Q3 2022+4.1%+5.4%+18.2%
Q2 2022+5.8%+5.2%+10.8%
Q1 2022+2.9%+2.0%+2.3%
Q4 2021+2.0%+7.7%-0.3%
Q3 2021+3.4%+2.4%+8.7%
Q2 2021+2.0%+1.0%+7.6%
Q1 2021-1.8%-1.3%-2.3%
Q4 2020-2.2%-0.8%+3.9%
Q3 2020-7.7%-8.8%-11.1%
Q2 2020+7.6%+7.9%+6.3%
Q1 2020+3.9%+7.5%-0.2%
Q4 2019-1.7%-1.9%-6.7%
Q3 2019-1.8%+0.1%-1.3%
Q2 2019+0.3%+1.9%-2.3%
Q1 2019-2.8%-1.7%-1.9%
Q4 2018+3.6%+6.2%+7.6%
Q3 2018-11.3%-11.2%-5.1%
Q2 2018+0.1%+1.7%+1.7%
Q1 2018+6.1%+3.4%+2.8%
Q4 2017+3.2%+1.7%-3.3%
Q3 2017+3.3%+1.6%-0.3%
Q2 2017-3.3%-5.0%-7.3%
Q1 2017+2.8%+1.4%+4.5%
Q4 2016+1.8%+1.9%+0.9%
Q3 2016+2.0%+0.6%-0.8%
Q2 2016-5.0%-5.3%-9.5%
Q1 2016-3.6%
Q4 2015+1.4%
Q3 2015-6.8%
Q2 2015-0.5%
Q1 2015-5.4%
Q4 2014+5.3%
Q3 2014-2.9%
Q2 2014-0.4%
Q1 2014-1.8%
Q4 2013+0.8%
Q3 2013-8.3%
Q2 2013-3.2%
Q1 2013-1.6%
Q4 2012+1.4%
Q3 2012+1.0%
Q2 2012-5.5%
Q1 2012-1.0%
Q4 2011+0.2%
Q3 2011-2.0%
Q2 2011+5.0%
Q1 2010-0.3%
Q4 2010-0.3%
Q1 2011+1.5%
Q4 2008-1.5%
Q3 2010+0.5%
Q3 2009+0.5%
Q4 2009+1.2%
Q2 2009+1.2%
Q2 2010+1.2%

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