Company: SLGN
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0001628280-25-049324
Chunk: 74

Company: SILGAN HOLDINGS INC
Filing Date: 2025-11-05
Form: 10-Q
Item: Part I, Item 2
Chunk 74
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 customer that reduced its fruit and vegetable pack plans and higher unit volumes.

-25-

Custom Containers Segment

Three Months EndedNine Months Ended Sept. 30, 2025Sept. 30, 2024Sept. 30, 2025Sept. 30, 2024(Dollars in millions)Net sales$160.1 $158.8 $488.2 $488.0 Income before interest and income taxes (EBIT)21.1 17.1 65.9 55.5 Income before interest and income taxes margin (EBIT margin)13.2 %10.8 %13.5 %11.4 %Adjusted EBIT$23.1 $20.0 $72.6 $62.7 Adjusted EBIT margin14.4 %12.6 %14.9 %12.8 %

In the third quarter of 2025, net sales for the custom containers segment increased $1.3 million, or 0.8 percent, as compared to the third quarter of 2024. This increase was principally due to the pass through of higher raw material costs and a more favorable mix of products sold. Volumes were comparable to the prior year period, as volumes in the current year period were impacted by the exit of lower margin business as a result of footprint optimization plans.

In the first nine months of 2025, net sales for the custom containers segment increased $0.2 million as compared to the first nine months of 2024. This increase was principally due to the pass through of higher raw material costs, partially offset by a less favorable mix of products sold and unfavorable foreign currency translation of approximately $3.0 million.

In the third quarter of 2025, adjusted EBIT of the custom containers segment increased $3.1 million as compared to the third quarter of 2024, and adjusted EBIT margin increased to 14.4 percent from 12.6 percent over the same periods. The increase in adjusted EBIT was primarily attributable to improved manufacturing productivity and cost performance.

In the first nine months of 2025, adjusted EBIT of the custom containers segment increased $9.9 million as compared to the first nine months of 2024, and adjusted EBIT margin increased to 14.9 percent from 12.8 percent over the same periods. The increase in adjusted EBIT was primarily attributable