Silgan Q3 results mixed as adjusted EPS beats and revenue misses
Key points
- Silgan Holdings (NYSE:SLGN) reported third-quarter 2026 adjusted diluted EPS of $1.31, exceeding analyst estimates of $1.25–$1.26.
- Net sales reached $2.04 billion, below analyst expectations of $2.07 billion–$2.10 billion, while net income declined to $105 million.
- Silgan expects 2026 diluted EPS of $3.83–$3.93 and approximately $450 million in free cash flow.
Silgan Holdings (NYSE:SLGN) reported third-quarter 2026 net sales of $2.04 billion and adjusted diluted earnings per share of $1.31, beating earnings estimates but missing revenue forecasts.
Revenue increased approximately 1.6% year over year but fell short of analyst expectations of $2.07 billion–$2.10 billion, while net income declined to $105 million from $113.3 million.
Adjusted net income reached $138.4 million, or $1.31 per diluted share, compared with GAAP earnings of $0.99 per share, down from $1.06 a year earlier.
Metal Containers generated $1.17 billion in sales, Dispensing and Specialty Closures contributed $699.2 million, and Custom Containers recorded $166.8 million.
Silgan expects fourth-quarter 2026 diluted earnings per share of $0.76–$0.86 and full-year diluted earnings per share of $3.83–$3.93.
The company also projects approximately $450 million in full-year free cash flow, while its three business segments continue to serve packaging and dispensing markets.
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