Silgan Reports Lower Second-Quarter Profit Despite Higher Sales
Silgan posted second-quarter net income of $75.8 million for 2026, a decline from $89 million in the same period last year. Quarterly sales rose to $1.64 billion, an increase of 7% or $104.1 million compared to Q2 2025, driven by contractual mechanisms that passed higher raw material costs onto customers. Earnings before interest and taxes (EBIT) came in at $151 million for the quarter, down from $167.5 million a year earlier. Corporate expenses increased due to corporate development activities. Sales across different segments showed mixed results: dispensing and specialty closures rose 2%, metal containers surged by 13% thanks to improved pricing strategies, while custom containers saw only modest growth of 3%. For the third quarter of 2026, Silgan expects adjusted net income per diluted share between $1.21 and $1.31, slightly below Q3 2025's figure.
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