Silgan reports profit growth in 2013

By Jim Johnson
Senior Staff Reporter

Published: January 28, 2014 6:07 pm ET
Updated: January 28, 2014 6:10 pm ET

Related to this story

Topics Packaging, Injection Molding, Blow Molding

Silgan Holdings Inc., with operations that make plastic caps, closures and containers, posted record net income per share for 2013.

The Stamford, Conn.-based company earned $185.4 million, or $2.87 per diluted share, on sales of $3.71 billion. That compares with earnings of $151.3 million, or $2.17 per share, on sales of $3.59 billion for 2012 for the company that also makes metal containers and packaging.

Net sales in the plastic container business totaled $647 million, up 5.3 percent from the previous year. Net sales for the closures business, which includes both plastics and metals, totaled $720.1 million, up 5.9 percent for the year. Metal container sales totaled $2.34 billion, up 2.1 percent.

Silgan, CEO Tony Allott said in a statement, positioned itself “for future growth through the completion of several strategic closures acquisitions during the year, including expanding the geographic scope and scale of this global franchise with the acquisition of Portola Packaging, Inc.”

Net income for the fourth quarter was $23.3 million, or 36 cents per diluted share, on sales of $864.8 million. That compares with net income of $29.4 million, or 42 cents per diluted share, on sales of $858.8 million for the fourth quarter of 2012, the company said.


Comments

Silgan reports profit growth in 2013

By Jim Johnson
Senior Staff Reporter

Published: January 28, 2014 6:07 pm ET
Updated: January 28, 2014 6:10 pm ET

Post Your Comments


Back to story


More stories

Image

Canadian, Mexican injection molders form auto supply joint venture

September 16, 2014 2:26 pm ET

A new automotive parts manufacturer will open in Querétaro, Mexico, through a joint venture between Canadian automotive supplier Papp Plastics and...    More

Image

NY packaging company aims for zero waste

September 16, 2014 1:36 pm ET

Plastic folding carton maker Diamond Packaging is no longer sending any manufacturing waste to landfills.    More

Image

Flexibility for complexity key for Brampton

September 16, 2014 11:26 am ET

Blown film machinery maker Brampton Engineering Inc. is well positioned to meet growing demand for complex film structures, highly customized...    More

Image

Here's a peek behind our 2014 film & sheet ranking

September 15, 2014 1:22 pm ET

Today Plastics News publishes its annual ranking of North American Film and Sheet Manufacturers. Let's look at some interesting numbers behind the...    More

Image

Vanee Foods adding hot-fill line

September 15, 2014 1:55 pm ET

Vanee Foods Co. expects to have a new hot-fill bottling line operational at its Broadview, Ill., facility by the end of this month.    More

Market Reports

Shale Gas Market - Analysis of North American Region

This report highlights the impact of shale-based natural gas on the North American plastics market and features an in-depth analysis of production trends in the United States during 2013 and a forecast for 2014 and beyond.

Learn more

Thermoformed Packaging 2014 Market Review & Outlook – North America

This in-depth report analyzes economic and market trends, legislative/regulatory activity impacting supply and demand, business opportunities and threats, materials pricing, manufacturing technology, as well as growth strategies being implemented by thermoformed packaging companies.

Learn more

Pipe, Profile & Tubing Extrusion in North America 2014

U.S. demand for extruded plastics is expected to grow by 3 percent in 2014, with PVC remaining the largest segment.

Plastic pipe will post the strongest gains through 2018, continuing to take market share from competing materials in a range of markets.

Our latest market report provides in-depth analysis of current trends and their financial impact on the pipe, profile and tubing extrusion industry in North America.

Learn more

Upcoming Plastics News Events

January 14, 2015 - January 14, 2015Plastics in Automotive

February 4, 2015 - February 6, 2015Plastics News Executive Forum 2015

More Events