Silgan Holdings Inc. (NYSE: SLGN), a leading supplier of sustainable rigid packaging solutions for essential consumer goods, has announced record financial results for the first quarter of 2025 and reaffirmed its full-year earnings and free cash flow guidance.

The company reported net sales of $1.47 billion for the quarter, representing an 11% increase compared to $1.32 billion in the same period last year. Net income rose to $68.0 million, or $0.63 per diluted share, up from $55.2 million, or $0.52 per diluted share, in Q1 2024.

Silgan also reported adjusted net income per diluted share of $0.82, a 19% year-on-year increase, setting a new first-quarter record. This figure reflects adjustments of $0.19 per share in 2025, compared to $0.17 in the prior year.

“Our team has delivered another record quarter, with adjusted EPS growth of 19%, near the upper end of our expectations,” said Adam Greenlee, President and CEO of Silgan. “Volume growth, outstanding operational performance, contributions from the Weener acquisition, and our continued cost reduction programme were key drivers of this success.”

The Dispensing and Speciality Closures segment led the performance with net sales of $671.1 million, a 25% increase from $535.9 million in Q1 2024. Organic volume grew 4%, with double-digit gains in dispensing products. The Weener acquisition contributed $126.1 million in sales and helped lift adjusted EBIT to a record $99.2 million, up $21.4 million year-on-year.

The Metal Containers segment reported net sales of $628.4 million, a 2% rise compared to the previous year. Volume increased by 4%, driven by higher demand in pet food and soup categories. Adjusted EBIT improved to $49.6 million, from $45.0 million in Q1 2024, owing to favourable pricing and volume mix.

The Custom Containers business achieved net sales of $167.2 million, a 2% increase year-on-year. Adjusted EBIT reached a first-quarter record of $24.6 million, reflecting successful commercialisation of new business wins and a stronger pricing mix.

Silgan has reaffirmed its full-year 2025 adjusted earnings guidance, forecasting adjusted net income per diluted share between $4.00 and $4.20, a 13% increase at the midpoint compared to $3.62 in 2024. Free cash flow is projected at approximately $450 million, representing a 15% increase from the previous year.

The company also confirmed its estimate for interest and debt expense at around $185 million, and an effective tax rate of approximately 24% for 2025.

For the second quarter, Silgan expects adjusted earnings per share in the range of $0.98 to $1.08, marking a 17% year-on-year increase at the midpoint.

Greenlee concluded, “We are pleased with our strong start to the year and remain confident in our ability to outperform our markets in 2025 and beyond. Our relentless focus on execution, strategic investments, and customer-driven innovation continues to distinguish Silgan in the industry.”