Silgan Q1 revenue beats on pass through of higher raw material costs

Silgan Holdings

29/04/2026 11:12

Overview

US rigid packaging supplier's Q1 revenue rose 6%, beating analyst expectations

Adjusted EPS for Q1 beat analyst expectations

Company raised 2026 adjusted EPS guidance and reaffirmed free cash flow estimate

Outlook

Silgan raises 2026 adj net income per diluted share outlook to $3.73-$3.93 from $3.70-$3.90

Company confirms 2026 free cash flow estimate of about $450 mln

Silgan sees Q2 2026 adj net income per diluted share of $0.92-$1.02

Result Drivers

FRAGRANCE & BEAUTY DEMAND - Double-digit volume growth in dispensing products for fragrance and beauty markets drove segment performance

PET FOOD DEMAND - Double-digit volume growth in metal containers for pet food markets supported segment growth despite raw material cost inflation

RAW MATERIAL COST PASS THROUGH - Net sales increased primarily as a result of the contractual pass through of higher raw material costs

Company press release: ID:nBw7tv7nWa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Sales
Beat
$1.56 bln
$1.51 bln (11 Analysts)
Q1 Adjusted EPS
Beat
$0.78
$0.75 (11 Analysts)
Q1 Net Income
$63 mln
Q1 Basic EPS
$0.60
Q1 Gross Profit
$265.80 mln
Q1 Pretax Profit
$84.20 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 11 "strong buy" or "buy", 3 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the non-paper containers & packaging peer group is "buy"

Wall Street's median 12-month price target for Silgan Holdings Inc is $53.63, about 38.3% above its April 28 closing price of $38.78

The stock recently traded at 10 times the next 12-month earnings vs. a P/E of 10 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)