Silgan Holdings Inc. (NYSE:SLGN) posted better-than-expected fourth-quarter results on Wednesday, helped by solid demand in pet food packaging, particularly within its metal containers business.
The company reported adjusted earnings per share of $0.67 for the quarter, beating analysts’ expectations of $0.64. Revenue came in at $1.47 billion, narrowly ahead of the $1.46 billion consensus forecast.
Shares of the consumer packaging group, which specializes in sustainable rigid packaging solutions, slipped 0.02% in after-hours trading following the earnings release.
Silgan’s quarterly performance was underpinned by robust growth in its Metal Containers segment, where sales into pet food markets rose 7% year on year and now account for more than half of the segment’s total volumes. Net sales in Metal Containers increased 11% to $675.6 million compared with the same period last year. Meanwhile, the Dispensing and Specialty Closures segment delivered a more modest 1% sales increase to $643.6 million.
“Our 2025 results continued to highlight the meaningful progress from our key strategic initiatives, as we successfully integrated the Weener acquisition, continued to outpace market growth in our high value dispensing and pet food products, and completed our multi-year cost savings program,” said Adam Greenlee, President and CEO of Silgan Holdings.
For the full year 2025, Silgan reported net sales of $6.5 billion, up 11% from $5.9 billion in 2024. Adjusted earnings per share for the year reached $3.72, representing a 3% increase from $3.62 a year earlier.
Looking ahead, the company issued full-year 2026 adjusted earnings guidance of $3.70 to $3.90 per share, implying growth of about 2% at the midpoint versus 2025. For the first quarter of 2026, Silgan expects adjusted EPS in the range of $0.70 to $0.80, compared with $0.82 reported in the first quarter of 2025.
Silgan also highlighted strong cash generation, reporting free cash flow of $445.2 million for 2025, a 14% increase from $391.3 million in 2024. The company expects free cash flow to be around $450 million in 2026.