Company: SLGN
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0001628280-25-049324
Chunk: 44

Company: SILGAN HOLDINGS INC
Filing Date: 2025-11-05
Form: 10-Q
Item: Part I, Item 8
Chunk 44
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 2025 and 2024 and for thethree and nine months then ended is unaudited)

Total adjusted EBIT is reconciled to income before income taxes as follows:Three Months EndedNine Months EndedSept. 30, 2025Sept. 30, 2024Sept. 30, 2025Sept. 30, 2024 (Dollars in thousands)Total adjusted EBIT $221,408 $205,588 $572,649 $506,432 Less:Acquired intangible asset amortization expense15,948 12,367 47,307 38,004 Other pension (income) for U.S. pension plans(1,162)(660)(3,012)(3,082)Equity in earnings of affiliates, net of tax775 — 2,492 — Rationalization charges7,189 19,483 28,012 38,033 Costs attributed to announced acquisitions— 7,111 1,117 12,618 Income before interest and income taxes198,658 167,287 496,733 420,859 Interest and other debt expense49,989 41,871 141,616 121,861 Income before income taxes$148,669 $125,416 $355,117 $298,998 Net sales and adjusted EBIT of our metal containers segment and of part of our dispensing and specialty closures segment are dependent, in part, upon the vegetable and fruit harvests in the United States and, to a lesser extent, in a variety of national growing regions in Europe. The size and quality of these harvests varies from year to year, depending in large part upon the weather conditions in applicable regions. Because of the seasonality of the harvests, we have historically experienced higher unit sales volume in the third quarter of our fiscal year and generated a disproportionate amount of our annual adjusted EBIT during that quarter.

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Item 2.

MANAGEMENT'S DISCUSSION AND ANALYSIS OF

FINANCIAL CONDITION AND RESULTS OF OPERATIONS

Statements included in “Management’s Discussion and Analysis of Financial Condition and Results of Operations” and elsewhere in this Quarterly Report on Form 10-Q that are not historical facts are “forward-looking statements” made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and Securities Exchange Act of 1934, as amended.  Such forward-looking statements are