Company: SLGN
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0001628280-25-049324
Chunk: 54

Company: SILGAN HOLDINGS INC
Filing Date: 2025-11-05
Form: 10-Q
Item: Part I, Item 8
Chunk 54
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In the third quarter of 2025, net sales for the metal containers segment increased $135.6 million, or 13.3 percent, as compared to the third quarter of 2024. This increase was primarily the result of higher unit volumes of approximately four percent, the pass through of higher raw material and other manufacturing costs, the impact of favorable foreign currency translation of approximately $7.0 million and a more favorable mix of products sold. The increase in unit volumes was primarily due to higher volumes for pet food markets.  

In the first nine months of 2025, net sales for the metal containers segment increased $172.2 million, or 7.5 percent, as compared to the first nine months of 2024. This increase was primarily the result of the pass through of higher raw material and other manufacturing costs, higher unit volumes of approximately three percent and the impact of favorable foreign currency translation of approximately $11.0 million, partially offset by a less favorable mix of products sold. The increase in unit volumes was primarily due to higher volumes for pet food markets.

In the third quarter of 2025, adjusted EBIT of the metal containers segment decreased $1.3 million as compared to the third quarter of 2024, and adjusted EBIT margin decreased to 8.3 percent from 9.5 percent for the same periods. The decrease in adjusted EBIT was primarily due to lower fixed cost absorption, partially offset by a more favorable mix of products sold and higher unit volumes.

In the first nine months of 2025, adjusted EBIT of the metal containers segment increased $15.7 million as compared to the first nine months of 2024, and adjusted EBIT margin remained constant at 8.8 percent for the same periods. The increase in adjusted EBIT was primarily due to improved manufacturing productivity and cost performance due in part to lower production in the prior year period associated with a customer that reduced its fruit and vegetable pack plans and higher unit volumes.

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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