Company: SLGN
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0000849869-25-000072
Chunk: 49

Company: SILGAN HOLDINGS INC
Filing Date: 2025-05-08
Form: 10-Q
Item: Part I, Item 2
Chunk 49
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 incurred on a regular basis, management views these costs more as an investment to generate savings rather than period costs.  Costs attributed to announced acquisitions consist of third party fees and expenses that are viewed by management as part of the acquisition and not indicative of the on-going cost structure of the Company.  The Company's management views the operating performance of its affiliates which are joint ventures as part of the Company's operating performance and therefore believes that the Company's share of the net operating results of its affiliates which are joint ventures should be included in the Company's adjusted EBIT.

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A reconciliation of such non-GAAP financial measures for the three months ended March 31 is provided below: 

 20252024(Dollars in millions)Dispensing and Specialty ClosuresIncome before interest and income taxes (EBIT)$79.9 $59.7 Acquired intangible asset amortization expense13.9 11.9 Other pension (income) for U.S. pension plans(0.2)(0.3)Equity in earnings of affiliates, net of tax1.2 — Rationalization charges4.4 6.5 Adjusted EBIT$99.2 $77.8 Metal ContainersIncome before interest and income taxes (EBIT)$44.7 $41.7 Acquired intangible asset amortization expense0.4 0.3 Other pension (income) for U.S. pension plans(0.4)(0.6)Rationalization charges4.9 3.6 Adjusted EBIT$49.6 $45.0 Custom ContainersIncome before interest and income taxes (EBIT)$22.1 $17.8 Acquired intangible asset amortization expense1.1 1.1 Other pension (income) for U.S. pension plans(0.3)(0.3)Rationalization charges1.7 1.6 Adjusted EBIT$24.6 $20.2 CorporateLoss before interest and income taxes (EBIT)$(16.2)$(7.5)Costs attributed to announced acquisitions1.1 — Adjusted EBIT$(15.1)$(7.5)Total adjusted EBIT$158.3 $135.5 

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Dispensing and Specialty Closures Segment

 20252024(Dollars in millions)Net sales$671.1 $535.9Income before interest and income