Company: SLGN
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0001628280-25-049324
Chunk: 30

Company: SILGAN HOLDINGS INC
Filing Date: 2025-11-05
Form: 10-Q
Item: Part I, Item 8
Chunk 30
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 488,031 $2,008,739 $1,745,124 $5,014,561 $4,443,527 Revenues by geography were as follows:Three Months EndedNine Months EndedSept. 30, 2025Sept. 30, 2024Sept. 30, 2025Sept. 30, 2024(Dollars in thousands)North America$1,489,605 $1,368,104 $3,548,226 $3,384,468 Europe and other519,134 377,020 1,466,335 1,059,059 $2,008,739 $1,745,124 $5,014,561 $4,443,527 

Our contract assets primarily consist of unbilled accounts receivable related to over time revenue recognition and were $122.3 million, $110.7 million, and $115.6 million as of September 30, 2025 and 2024 and December 31, 2024, respectively. Unbilled receivables are included in trade accounts receivable, net on our Condensed Consolidated Balance Sheets. 

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SILGAN HOLDINGS INC.NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS(Information at September 30, 2025 and 2024 and for thethree and nine months then ended is unaudited)

Note 3.               Rationalization Charges 

We continually evaluate cost reduction opportunities across each of our segments, including rationalizations of our existing facilities through plant closings and downsizings. We use a disciplined approach to identify opportunities that generate attractive cash returns.  Rationalization charges by segment were as follows:  Three Months EndedNine Months EndedSept. 30, 2025Sept. 30, 2024Sept. 30, 2025Sept. 30, 2024 (Dollars in thousands)Dispensing and Specialty Closures$3,418 $9,835 $11,064 $19,583 Metal Containers2,507 7,850 12,579 13,927 Custom Containers1,264 1,798 4,369 4,523  $7,189 $19,483 $28,012 $38,033 Activity in reserves for our rationalization plans were as follows: