Silgan reported second-quarter 2026 net sales of $1.64 billion and GAAP net income of $75.8 million, or $0.72 per diluted share. Adjusted net income per diluted share was $0.98 for the quarter, compared with $1.01 in Q2 2025. The company confirmed its 2026 adjusted EPS outlook of $3.73–$3.93 and free cash flow target of approximately $450 million.
Financial Highlights
- Revenue: Net sales of $1,643.3 million for second quarter 2026, up from $1,539.2 million in Q2 2025.
- Gross profit: $294.9 million for Q2 2026 (gross profit figure reported).
- Operating income (EBIT): $151.0 million for Q2 2026, versus $167.5 million in Q2 2025.
- Net income: GAAP net income of $75.8 million for Q2 2026; $138.8 million for six months ended June 30, 2026.
- Adjusted diluted EPS: $0.98 for Q2 2026 (adjustments increased diluted EPS by $0.26); confirmed full-year 2026 adjusted diluted EPS guidance of $3.73 to $3.93.
Business Highlights
- Dispensing and Specialty Closures: Delivered high single-digit volume growth in dispensing products for fragrance markets; segment net sales were $713.9 million and segment Adjusted EBIT was $107.6 million in Q2 2026.
- Metal Containers: Achieved high single-digit volume growth in metal containers for pet food markets; segment net sales were $763.9 million with Adjusted EBIT of $65.9 million. Executed a new long-term supply agreement with a vegetable pack customer.
- Custom Containers: Continued profit improvement and new long-term business wins; segment net sales were $165.5 million and Adjusted EBIT increased to $27.2 million in Q2 2026.
- Operational initiatives: Continued footprint optimization and cost reduction activities contributing to improved mix and profit performance in Custom Containers; rationalization actions and related charges were recorded ($18.2 million in Q2 2026).
Original SEC Filing:
This is an AI-powered summary. It may contain inaccuracies. Consider verifying important information with the source. Please note this summary is solely based on documents filed with the SEC.