Silgan Holdings (SLGN) splits 15% with declining growth outlook

Recently released 10 strains hit by a painful plunge. Silgan Holdings Inc. (NYSE: SLGN) is one of the worst stocks on Tuesday.

Silgun Holdings fell 15.23% on Wednesday, bringing investors sentiment to $47.3 as investors fell 15.23%, despite investors recording strong earnings performance in the second quarter of this year.

In its financial statements, Silgan Holdings Inc. (NYSE: SLGN) reduced its adjusted net income per diluted share for 2025 from $4.20 from the previous $4.00.

Copyright: Bialasiewicz / 123rf stock photo

“The revision of the diluted stock-based adjusted net income estimates is primarily a result of lower volume expectations for specialised closed products for North American beverage markets and the expected impact related to the recent customer bankruptcy of the North American metal container business.”

Meanwhile, the company added that the third quarter is expected to be affected by a decline in volume of specialised closed products for the North American beverage market and a recent customer bankruptcy for its North American metal container business.

In its recent revenue report, Silgan Holdings Inc. (NYSE: SLGN) said its net income rose 17% to $89 million in the second quarter, from $76.1 million in the same period last year.

Net sales also rose 8.7% from $1.38 billion from the previous year to $1.5 billion.

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