Company: SLGN
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001628280-25-038677
Chunk: 6

Company: SILGAN HOLDINGS INC
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 1
Chunk 6
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 Weighted average number of shares: Basic107,051 106,835 106,984 106,740 Effect of dilutive securities200 180 310 293 Diluted107,251 107,015 107,294 107,033 

See accompanying notes.

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 SILGAN HOLDINGS INC.CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOMEFor the three and six months ended June 30, 2025 and 2024(Dollars in thousands)(Unaudited)

Three Months EndedSix Months Ended June 30, 2025June 30, 2024June 30, 2025June 30, 2024Net income$88,944 $76,097 $156,906 $131,261   Other comprehensive income (loss), net of tax:  Changes in net prior service credit and actuarial losses1,425 1,411 2,825 2,814   Change in fair value of derivatives(5,087)527 (2,016)2,952   Foreign currency translation71,669 (27,478)117,169 (51,935)Other comprehensive income (loss)  68,007 (25,540)117,978 (46,169)Comprehensive income $156,951 $50,557 $274,884 $85,092 

See accompanying notes.

-5-

 SILGAN HOLDINGS INC.CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWSFor the six months ended June 30, 2025 and 2024(Dollars in thousands)(Unaudited)

 20252024Cash flows provided by (used in) operating activities:  Net income$156,906 $131,261 Adjustments to reconcile net income to net cash    provided by (used in) operating activities:  Depreciation and amortization155,335 131,932 Amortization of debt discount and debt issuance costs2,617 2,695 Rationalization charges20,823 18,550 Stock compensation expense7,755 7,948 Other changes that provided (used) cash:  Trade accounts receivable, net(601,838)(474,482)Inventories(293,758)(74,498)Trade accounts payable(