The raised full-year guidance and strong Q4 outlook suggest management's confidence in continued earnings momentum despite muted volumes. Watch for details on the Trivium acquisition closing and integration, as well as any impact from the portfolio transformation on segment reporting.
Price Chart
Executive Summary
Silgan reported Q3 2026 adjusted EPS of $1.31, above the $1.25 consensus and at the high end of its estimated range, while GAAP EPS declined to $0.99 from $1.06 a year ago. The company raised its full-year 2026 adjusted EPS guidance midpoint to $3.83-$3.93 from $3.73-$3.93, a 4% increase over 2025's $3.72, and confirmed free cash flow of approximately $450 million. Revenue of $2.04 billion grew 2% year over year but slightly missed the $2.10B consensus, with Metal Containers Adjusted EBIT up 10% offset by a 2% decline in Dispensing and Specialty Closures Adjusted EBIT.
Key Financial Metrics
Key Facts
- Q3 2026 adjusted EPS of $1.31, up 7% from $1.22 a year ago, at the high end of the estimated range
- GAAP diluted EPS of $0.99, down from $1.06 in Q3 2025
- Revenue of $2.04 billion, up 2% from $2.01 billion a year ago
- Full-year 2026 adjusted EPS guidance raised to $3.83-$3.93 from $3.73-$3.93, a 4% increase at the midpoint over 2025's $3.72
- Q4 2026 adjusted EPS guidance of $0.76-$0.86, a 21% increase at the midpoint over $0.67 in Q4 2025
- Free cash flow estimate for 2026 confirmed at approximately $450 million
- Metal Containers Adjusted EBIT increased 10% to $105.2 million
- Dispensing and Specialty Closures Adjusted EBIT decreased 2% to $111.2 million
- Custom Containers Adjusted EBIT increased 3% to $23.7 million
- Announced transformative portfolio acceleration through the acquisition of Trivium
- Shares repurchased $59.3 million year-to-date under authorized repurchase program
Financial Impact
Adjusted EPS beat consensus by $0.06 (4.8%), full-year guidance raised by $0.10 at midpoint, Q4 guidance midpoint 21% above prior year
Segment Breakdown
| Segment | Revenue | Growth |
|---|---|---|
| Dispensing and Specialty Closures | $699.2M | +1.3% |
| Metal Containers | $1.2B | +1.4% |
| Custom Containers | $166.8M | +4.2% |
Risk Factors
- Revenue slightly missed consensus at $2.04B vs $2.10B estimate
- GAAP net income declined to $105.0M from $113.3M a year ago due to higher rationalization charges and acquisition costs
- Dispensing and Specialty Closures Adjusted EBIT declined 2% on delayed pass-through of cost inflation
- Metal container volumes were 4% below prior year, driven by softer soup market demand
- Higher effective tax rate of 27.9% vs 24.3% a year ago
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001628280-26-068277 |
| Document: slgn-20261029.htm | 0001628280-26-068277 |
| Document: 0001628280-26-068277-index-headers.html | 0001628280-26-068277 |
| Document: 0001628280-26-068277-index.html | 0001628280-26-068277 |
| Document: 0001628280-26-068277.txt | 0001628280-26-068277 |
| 8-K Data (Synthetic) | 0001628280-26-068277 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 29, 2026 3d ago | 8-K | $39.50 | awaiting T+5 | awaiting T+5 | $40.51 (+2.56%) |
Oct 21, 2026 11d ago | Institutional Cluster | $39.76 $39.49 | ▼ −0.68% | ▼ −1.39% | $40.51 (+1.89%) |
Oct 19, 2026 12d ago | 8-K | $39.90 $38.50 | ▼ −3.51% | ▼ −3.59% | $40.51 (+1.53%) |
Oct 19, 2026 13d ago | 8-K | $40.06 $39.03 | ▼ −2.57% | ▼ −2.43% | $40.51 (+1.12%) |
Oct 15, 2026 17d ago | SC 13G/A | $37.47 $39.76 | ▲ +6.11% | ▲ +7.13% | $40.51 (+8.11%) |
Oct 7, 2026 25d ago | SC 13G/A | $35.05 $35.81 | ▲ +2.17% | ▲ +3.15% | $40.51 (+15.58%) |
May 12, 2026 24w ago | 8-K | $39.15 $37.09 | ▼ −5.26% | ▼ −4.10% | $40.51 (+3.47%) |
Feb 24, 2026 35w ago | 8-K | $47.63 $46.56 | ▼ −2.26% | ▼ −1.16% | $40.51 (−14.95%) |
US Market Status
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