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Silgan (SLGN)

Headquartered in Stamford, Connecticut, Silgan is a leading supplier of rigid packaging for consumer goods products with annual net sales of approximately $4.5 billion in 2019. Silgan operates 100 manufacturing facilities in North and South America, Europe and Asia. The Company is a leading supplier of metal containers in North America and Europe for food and general line products. The Company is also a leading worldwide supplier of metal and plastic closures and dispensing systems for food, beverage, health care, garden, personal care, home and beauty products. In addition, the Company is a leading supplier of plastic containers for shelf-stable food and personal care products in North America.

Company profile

Ticker
SLGN
Exchange
NYSE
Website
www.silganholdings.com
CEO
Anthony Allott
Employees
Incorporated
Delaware
Location
Connecticut
Fiscal year end
Dec 31
Sector
Manufacturing > Metal Can Manufacturing
Industry (SIC)
Metal Cans
Ball • Crown • Ardagh Metal Packaging ...
SEC CIK
0000849869
Corporate docs
Subsidiaries
Silgan Holdings LLC • Silgan Corporation • Silgan Containers LLC • Silgan Containers Manufacturing Corporation • Silgan Containers Manufacturing • Silgan White Cap LLC • Silgan White Cap Corporation • Silgan White Cap Americas LLC • Silgan Equipment Company • Silgan ipec Corporation ...
IRS number
61269834

SLGN stock data

News

From Benzinga Pro
RBC Capital Maintains Outperform on Silgan Hldgs, Raises Price Target to $58
28 Jul 22
RBC Capital analyst Arun Viswanathan maintains Silgan Hldgs (NASDAQ:SLGN) with a Outperform and raises the price target from $57 to $58.
Raymond James Maintains Outperform on Silgan Hldgs, Raises Price Target to $50
28 Jul 22
Raymond James analyst Joshua Wilson maintains Silgan Hldgs (NASDAQ:SLGN) with a Outperform and raises the price target from $45 to $50.
Silgan Holdings Maintains FY22 Guidance
27 Jul 22
Outlook for 2022 The Company maintained its estimate of adjusted net income per diluted share for the full year of 2022 in the range of $3.90 to $4.05, a 17 percent increase at the midpoint of the range over record
Silgan Holdings Q2 EPS $1.08 Beats $0.96 Estimate, Sales $1.54B Miss $1.57B Estimate
27 Jul 22
Silgan Hldgs: Q2 Earnings Insights
27 Jul 22

Press releases

From Benzinga Pro
Silgan Announces Participation in Jefferies Industrials Conference
8 Aug 22
Silgan Holdings Inc. (NYSE:SLGN), a leading supplier of sustainable rigid packaging solutions for consumer goods products, announced that it will participate in the Jefferies Industrials Conference on August 9, 2022.
Silgan Declares Quarterly Dividend
3 Aug 22
Silgan Holdings Inc. (NYSE:SLGN), a leading supplier of sustainable rigid packaging solutions for consumer goods products, announced today that its Board of Directors declared a quarterly cash dividend on its common
Silgan Holdings Inc. Completes Listing Transfer to the New York Stock Exchange
1 Aug 22
The New York Stock Exchange, part of Intercontinental Exchange, Inc. (NYSE:ICE), a leading global provider of data, technology and market infrastructure, announced that Silgan Holdings Inc. (NYSE:SLGN) completed its
Silgan Announces All-Time Record Quarterly Earnings and Estimates Higher Earnings Next Quarter
27 Jul 22
Silgan Announces Transfer of Its Common Stock Listing to New York Stock Exchange; to Ring Opening Bell on August 1, 2022
19 Jul 22

Analyst ratings and price targets

Last 3 months
Current price
Average target
$54.00
Low target
$50.00
High target
$58.00
RBC Capital
Maintains
Outperform
$58.00
28 Jul 22
Raymond James
Maintains
Outperform
$50.00
28 Jul 22

Calendar

4 Aug 22
13 Aug 22
31 Dec 22

Financial summary

Financial statements Chart SLGN financial data
Quarter (USD) Jun 22 Mar 22 Dec 21 Sep 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Dec 21 Dec 20 Dec 19 Dec 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Cash burn rate (est.) Burn method: Change in cash Burn method: Operating income Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 247.84M 247.84M 247.84M 247.84M 247.84M 247.84M
Cash burn (monthly) 3.91M (no burn) (no burn) (no burn) 28.18M (no burn)
Cash used (since last report) 5.69M n/a n/a n/a 41.07M n/a
Cash remaining 242.15M n/a n/a n/a 206.78M n/a
Runway (months of cash) 62.0 n/a n/a n/a 7.3 n/a

Beta Read what these cash burn values mean

Financial data from Silgan earnings reports.

Recent insider trades

SLGN insider ownership history Insider history
Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
1 Jun 22 Silver R Philip Common Stock Grant Acquire A No No 0 2,833 0 64,244
1 Jun 22 Abramson Leigh J Common Stock Grant Acquire A No No 0 2,833 0 15,477
1 Jun 22 Horrigan D Greg Common Stock Grant Acquire A No No 0 2,833 0 8,736,484
1 Jun 22 Donovan William T Common Stock Grant Acquire A No No 0 2,833 0 20,964
1 Jun 22 Kimberly A Fields Common Stock Grant Acquire A No No 0 2,833 0 12,546
Data from 3, 4 and 5 filings. Values as filed, not updated for current price.

Institutional ownership, Q1 2022

SLGN institutional ownership history Ownership history
68.0% owned by funds/institutions
13F holders Current Prev Q Change
Total holders 267 248 +7.7%
Opened positions 47 46 +2.2%
Closed positions 28 28 –
Increased positions 91 91 –
Reduced positions 85 77 +10.4%
13F shares Current Prev Q Change
Total value 3.48B 3.2B +8.9%
Total shares 75.33M 74.62M +1.0%
Total puts 5.3K 5.9K -10.2%
Total calls 49.1K 0 NEW
Total put/call ratio 0.1 Infinity NaN%
Largest owners Shares Value Change
Vanguard 8.66M $400.23M +0.9%
BLK Blackrock 7M $323.66M -3.1%
JPM JPMorgan Chase & Co. 4.72M $218.42M -1.4%
Wellington Management 3.98M $183.99M -7.2%
LSV Asset Management 3.66M $169.17M -4.7%
Cardinal Capital Management 3.47M $160.47M -3.2%
Allspring Global Investments 3.24M $149.71M -2.2%
Victory Capital Management 2.8M $129.52M -6.8%
STT State Street 2.33M $107.61M +5.2%
Dimensional Fund Advisors 2.32M $107.04M +0.7%
Largest transactions Shares Bought/sold Change
Norges Bank 0 -814.72K EXIT
Schroder Investment Management 806.77K +806.77K NEW
Clark Capital Management 525.65K +525.65K NEW
Fuller & Thaler Asset Management 1.07M +436.24K +69.0%
Deprince Race & Zollo 707.26K +345.86K +95.7%
Wellington Management 3.98M -309.98K -7.2%
Adage Capital Partners GP, L.L.C. 550K +300K +120.0%
Los Angeles Capital Management & Equity Research 310.91K +289.43K +1347.2%
First Trust Advisors 1.78M -287.41K -13.9%
IVZ Invesco 1.97M -282.17K -12.5%
Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Financial report summary

?
Competition
Trimas • Crown • Pactiv Evergreen

Content analysis

?
Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. junior Avg
New words: Affiliated, agreed, concur, energy, fine, German, Issuer, matter, permanent, prevailing, proceed, project, put, restocking, settlement, twelve, unchanged
Removed: April, commenced, competition, continued, effectively, emerging, estimate, Germany, involving, par, registered, stage
From filing 10-Q 2022 Q2
Financial reports
View all
10-Q
2022 Q2
Quarterly report
4 Aug 22
10-Q
2022 Q1
Quarterly report
4 May 22
10-K
2021 FY
Annual report
24 Feb 22
10-Q
2021 Q3
Quarterly report
4 Nov 21
10-Q
2021 Q2
Quarterly report
4 Aug 21
10-Q
2021 Q1
Quarterly report
5 May 21
10-K
2020 FY
Annual report
25 Feb 21
10-Q
2020 Q3
Quarterly report
6 Nov 20
10-Q
2020 Q2
Quarterly report
7 Aug 20
10-Q
2020 Q1
Quarterly report
8 May 20
Current reports
View all
8-K
Silgan Declares Quarterly Dividend
3 Aug 22
8-K
Silgan Announces All-time Record
27 Jul 22
8-K
Silgan Announces Transfer of Its
19 Jul 22
8-K
Other Events
12 Jul 22
8-K
Submission of Matters to a Vote of Security Holders
3 Jun 22
8-K
Silgan Declares Quarterly Dividend
3 May 22
8-K
Silgan Announces Record First Quarter Earnings and Raises Full Year Earnings Estimate
27 Apr 22
8-K
Silgan Announces Authorization
4 Mar 22
8-K
Silgan Announces Appointment of Anthony J. Allott
25 Feb 22
8-K
Silgan Announces Redemption
24 Feb 22
Registration and prospectus
View all
25
Voluntary exchange delisting
29 Jul 22
8-A12B
Registration of securities on exchange
28 Jul 22
424B3
Prospectus supplement
11 Jun 20
S-4
Registration of securities issued in business combination transactions
26 May 20
424B3
Prospectus supplement
7 Dec 17
S-4
Registration of securities issued in business combination transactions
28 Nov 17
SC TO-I/A
Issuer tender offer statement (amended)
20 Nov 16
SC TO-I/A
Issuer tender offer statement (amended)
15 Nov 16
SC TO-I/A
Issuer tender offer statement (amended)
7 Nov 16
SC TO-I/A
Issuer tender offer statement (amended)
2 Nov 16
Proxies
View all
DEF 14A
Definitive proxy
21 Apr 22
DEF 14A
Definitive proxy
22 Apr 21
PRE 14A
Preliminary proxy
1 Apr 21
DEFR14A
Revised proxy
1 May 20
DEF 14A
Definitive proxy
28 Apr 20
DEF 14A
Definitive proxy
29 Apr 19
DEF 14A
Definitive proxy
30 Apr 18
PRE 14A
Preliminary proxy
2 Apr 18
DEF 14A
Definitive proxy
27 Apr 17
DEF 14A
Definitive proxy
20 Apr 16
Other
View all
CERT
Certification of approval for exchange listing
29 Jul 22
SD
Conflict minerals disclosure
31 May 22
SD
Conflict minerals disclosure
1 Jun 21
EFFECT
Notice of effectiveness
11 Jun 20
CORRESP
Correspondence with SEC
7 Jun 20
SD
Conflict minerals disclosure
1 Jun 20
UPLOAD
Letter from SEC
27 May 20
CORRESP
Correspondence with SEC
25 May 20
SD
Conflict minerals disclosure
31 May 19
UPLOAD
Letter from SEC
14 Oct 18
Ownership
View all
4
SILGAN / BRAD A LICH ownership change
3 Jun 22
4
SILGAN / Joseph M Jordan ownership change
3 Jun 22
4
SILGAN / Kimberly A Fields ownership change
3 Jun 22
4
SILGAN / WILLIAM T DONOVAN ownership change
3 Jun 22
4
SILGAN / LEIGH J ABRAMSON ownership change
3 Jun 22
4
SILGAN / R PHILIP SILVER ownership change
3 Jun 22
4
SILGAN / D GREG HORRIGAN ownership change
3 Jun 22
4
SILGAN / B Frederik Prinzen ownership change
4 May 22
144
Notice of proposed sale of securities
2 May 22
4
SILGAN / Stacey J. McGrath ownership change
3 Mar 22

Patents

View all
Utility
Laminated Can Sealant
4 Aug 22
A metal can with a monolithic laminated hermetic seal is provided.
Design
Hose end sprayer
26 Jul 22
Inventors: Brandon L. Ramsuer
Utility
Dual actuated aerosol devices
19 Jul 22
An aerosol actuator having a button actuator on a top surface thereof and a lever actuator extending away from the button actuator may be assembled with an aerosol container and valve to provide ergonomic application of a product utilizing the aerosol actuator.
Design
Closure
12 Jul 22
Inventors: Darren Neputy
Utility
Valve for a dispensing container
5 Jul 22
A valve assembly for a dispensing container includes a closure body detachably coupled to a co-injected valve.

Transcripts

View all
2022 Q2
Earnings call transcript
27 Jul 22
2022 Q1
Earnings call transcript
27 Apr 22
2021 Q4
Earnings call transcript
26 Jan 22
2021 Q3
Earnings call transcript
27 Oct 21
2021 Q2
Earnings call transcript
28 Jul 21
2021 Q1
Earnings call transcript
1 May 21
2020 Q4
Earnings call transcript
28 Jan 21
2020 Q3
Earnings call transcript
21 Oct 20
2020 Q2
Earnings call transcript
22 Jul 20
2020 Q1
Earnings call transcript
22 Apr 20

Reddit threads

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