Strong Financial Performance in 2024
Silgan delivered mid-single-digit organic adjusted EPS growth and double-digit free cash flow growth. They also achieved record adjusted EBIT and EPS figures, with adjusted EPS increasing by 35% year-over-year.
Acquisition of Weener Packaging
Silgan successfully acquired Weener Packaging, adding a high-margin, strong organic growth business to their portfolio. The acquisition contributed approximately $100 million in sales and $11.1 million in adjusted EBIT for the quarter.
Dispensing and Specialty Closures Segment Success
The segment delivered three consecutive quarters of double-digit organic growth in dispensing products, with adjusted EBITDA margins expanding by 75 basis points.
Pet Food Market Growth
Silgan experienced high single-digit growth in the pet food market during the second half, with double-digit growth in the fourth quarter.
Custom Containers Segment Improvement
The Custom Containers segment saw mid-single-digit volume growth and over 200 basis points of adjusted EBIT margin improvement.