Company: SLGN
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0000849869-25-000072
Chunk: 50

Company: SILGAN HOLDINGS INC
Filing Date: 2025-05-08
Form: 10-Q
Item: Part I, Item 2
Chunk 50
---
 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 to the inclusion of adjusted EBIT from Weener Packaging, improved manufacturing productivity and cost performance, higher organic unit volumes and a more favorable mix of products sold, partially offset by the unfavorable impact of foreign currency.

Metal Containers Segment

 20252024(Dollars in millions)Net sales$628.4 $617.1 Income before interest and income taxes (EBIT)44.7 41.7 Income before interest and income taxes margin (EBIT margin)7.1 %6.8 %Adjusted EBIT$49.6 $45.0 Adjusted EBIT margin7.9 %7.3 %

In the first quarter of 2025, net sales for the metal containers segment increased $11.3 million, or 1.8 percent, as compared to the first quarter of 2024. This increase was primarily the result of higher unit volumes of approximately four percent and the pass through of higher raw material costs, partially offset by a less favorable mix of products sold and the impact of unfavorable foreign currency translation of approximately $2.0 million. The increase in unit volumes was primarily due to higher volumes for pet food and soup markets.

In the first quarter of 2025, adjusted EBIT of the metal containers segment increased $4.6 million as compared to the first quarter of 2024