Company: SLGN
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0000849869-25-000072
Chunk: 36

Company: SILGAN HOLDINGS INC
Filing Date: 2025-05-08
Form: 10-Q
Item: Part I, Item 8
Chunk 36
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 6.5 Adjusted EBIT$99.2 $77.8 Metal ContainersIncome before interest and income taxes (EBIT)$44.7 $41.7 Acquired intangible asset amortization expense0.4 0.3 Other pension (income) for U.S. pension plans(0.4)(0.6)Rationalization charges4.9 3.6 Adjusted EBIT$49.6 $45.0 Custom ContainersIncome before interest and income taxes (EBIT)$22.1 $17.8 Acquired intangible asset amortization expense1.1 1.1 Other pension (income) for U.S. pension plans(0.3)(0.3)Rationalization charges1.7 1.6 Adjusted EBIT$24.6 $20.2 CorporateLoss before interest and income taxes (EBIT)$(16.2)$(7.5)Costs attributed to announced acquisitions1.1 — Adjusted EBIT$(15.1)$(7.5)Total adjusted EBIT$158.3 $135.5 

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Dispensing and Specialty Closures Segment

 20252024(Dollars in millions)Net sales$671.1 $535.9Income before interest and income taxes (EBIT)79.9 59.7 Income before interest and income taxes margin (EBIT margin)11.9 %11.1 %Adjusted EBIT$99.2 $77.8Adjusted EBIT margin14.8 %14.5 %

In the first quarter of 2025, net sales for the dispensing and specialty closures segment increased $135.2 million, or 25.2 percent, as compared to the first quarter of 2024. This increase was primarily the result of the inclusion of net sales from Weener Packaging, higher organic unit volumes of approximately three percent and a more favorable mix of products sold, partially offset by the impact of unfavorable foreign currency translation of approximately $12.0 million. 

In the first quarter of 2025, adjusted EBIT of the dispensing and specialty closures segment increased $21.4 million as compared to the first quarter of 2024, and adjusted EBIT margin increased to 14.8 percent from 14.5 percent over the same periods. The increase in adjusted EBIT was primarily due