Silgan Q3 sales miss estimates on soup market weakness
SLGN•Silgan’s Q3 sales rose 2% year over year to $2.04 billion, below the $2.11 billion consensus, while adjusted EPS rose 7% to a record high. The company announced its acquisition of Trivium and raised its 2026 adjusted EPS guidance to $3.83-$3.93.
1. Quarterly results
Silgan reported Q3 sales of $2.04 billion, up 2% year over year but below analyst expectations of $2.11 billion. Net income was $105 million, and basic EPS was $0.99. Lower soup-market volumes reduced metal container sales, partly offset by higher volumes in fruit, vegetables and pet food.
2. Guidance and acquisition
The company raised its 2026 adjusted EPS guidance to $3.83-$3.93 from $3.73-$3.93 and maintained its free cash flow estimate at about $450 million. Silgan expects Q4 2026 adjusted EPS of $0.76-$0.86 and announced the acquisition of Trivium to accelerate its portfolio transformation.
