Company: SLGN
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0000849869-25-000072
Chunk: 46

Company: SILGAN HOLDINGS INC
Filing Date: 2025-05-08
Form: 10-Q
Item: Part I, Item 2
Chunk 46
---
 certain unaudited income statement data expressed as a percentage of net sales for the three months ended March 31: 

20252024Net salesDispensing and Specialty Closures45.8 %40.7 %Metal Containers42.8 46.9 Custom Containers11.4 12.4 Consolidated100.0 100.0 Cost of goods sold81.6 83.0 Gross profit18.4 17.0 Selling, general and administrative expenses8.8 7.6 Rationalization charges0.7 0.9 Other pension and postretirement income— — Income before interest and income taxes8.9 8.5 Interest and other debt expense3.0 2.9 Income before income taxes5.9 5.6 Provision for income taxes1.4 1.4 Income before equity in earnings of affiliates4.5 4.2 Equity in earnings of affiliates, net of tax0.1 — Net income4.6 %4.2 %

Summary unaudited results of operations for the three months ended March 31 are provided below.

 20252024(dollars in millions)Net salesDispensing and Specialty Closures$671.1 $535.9 Metal Containers628.4 617.1 Custom Containers167.2 164.0 Consolidated$1,466.7 $1,317.0 Income before interest and income taxesDispensing and Specialty Closures$79.9 $59.7 Metal Containers44.7 41.7 Custom Containers22.1 17.8 Corporate(16.2)(7.5)Consolidated$130.5 $111.7 

Three Months Ended March 31, 2025 Compared with Three Months Ended March 31, 2024

Net Sales.  In the first quarter of 2025, consolidated net sales were $1.47 billion, an increase of $149.7 million, or 11.4 percent, as compared to the first quarter of 2024 primarily due to the inclusion of net sales from Weener Packaging, higher organic volumes across all segments and the pass through of higher raw material costs in the metal containers and custom containers segments, partially offset by the impact from unfavorable foreign currency translation of approximately $16 million.

Gross