AI Earnings Predictions for Silgan Holdings Inc. (SLGN)

EX-99.1

2 a991_93026.htm

EX-99.1

Document

Silgan

Holdings Inc.

Exhibit 99.1

SILGAN ANNOUNCES THIRD QUARTER 2026 RESULTS;

RAISES FULL YEAR EARNINGS ESTIMATE MIDPOINT

Highlights

•Announced transformative portfolio acceleration through the acquisition of Trivium

•Achieved double digit growth in dispensing products for pharma markets in North America

•Delivered mid-single digit growth in dispensing products for fragrance markets

•Reported record third quarter adjusted EPS at the high end of the estimated range

•Anticipates earnings and free cash flow growth in 2027

NORWALK, CT, October 29, 2026 -- Silgan Holdings Inc. (NYSE: SLGN), a leading supplier of sustainable rigid packaging solutions for the world's essential consumer goods products, today reported third quarter 2026 net sales of $2.04 billion and net income of $105.0 million, or $0.99 per diluted share, as compared to third quarter 2025 net sales of $2.01 billion and net income of $113.3 million, or $1.06 per diluted share.

Adjusted net income per diluted share for the third quarter of 2026 was $1.31, after adjustments increasing net income per diluted share by $0.32. Adjusted net income per diluted share for the third quarter of 2025 was $1.22, after adjustments increasing net income per diluted share by $0.16. A reconciliation of net income per diluted share to "adjusted net income per diluted share," a Non-GAAP financial measure used by the Company that adjusts net income per diluted share for certain items, can be found in Table A at the back of this press release.

"As Silgan embarks upon the next chapter in our value creation journey through our recently announced portfolio transformation, we remain steadfast in our commitment to compete and win in the markets we serve by meeting the unique needs of our customers and being the best at what we do. As a result, we believe we are uniquely positioned to outperform the markets we serve and grow our strategic partnerships with new and existing customers,” said Adam Greenlee, President and CEO. “As we begin to reposition our segments and align to the unique priorities we have defined for each business, we believe our Company is poised to create meaningful value for shareholders as a result of our disciplined capital deployment model and intense focus on execution.”

“We are pleased to have delivered record third quarter adjusted EPS that grew 7% year over year and was at the top of our estimated range for the quarter. The strength of our results continued to exhibit the success of our strategic growth initiatives, the long-term resilience of our business through challenging customer and end market conditions, and the power of our operating model. The strength and focus of our teams, our long-term partnerships with our customers, and our market leading innovation continue to drive growth that outpaces our peers and our end markets," said Mr. Greenlee. "Our third quarter operating performance was consistent with our expectations, and, while challenging consumer conditions have led to more muted volumes than we initially anticipated during the quarter, our operating performance and strong focus on costs delivered earnings at the high end of our estimated range. Our Dispensing and Specialty Closures segment delivered another quarter of volume growth in high value fragrance dispensing products, and our teams exceeded expectations for shipments of pharma drug delivery products. Our Metal Containers business grew

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adjusted EBIT 10% versus the prior year quarter as higher volumes for fruit and vegetable and pet food markets were more than offset by softer volumes for soup markets. In Custom Containers, we achieved record third quarter Adjusted EBIT by continuing to deliver value through our best-in-class service model to our customers," continued Mr. Greenlee.

"Our business continues to display strong resilience despite market conditions reflecting more muted consumer demand. As we came into the year, our plan was to deliver adjusted EPS growth irrespective of end market demand growth, and we are on track to deliver adjusted EPS at the higher end of our initial guidance for 2026. We remain confident in our ability to expand our high value, higher growth dispensing business both organically and through continued returns-based investments, and our food and beverage focused businesses continue to display remarkable resilience and excellent free cash flow generation. We continue to believe our portfolio of consumer staple products remains well positioned to outpace growth in our end markets, and our Company is poised to deliver earnings and free cash flow growth again in 2026 and beyond," concluded Mr. Greenlee.

Third Quarter Results

Net sales for the third quarter of 2026 were $2.04 billion, an increase of $31.5 million, or 2%, as compared to the same period in the prior year. Net sales increased primarily as a result of the contractual pass through of higher raw material costs in the current ye

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