Report
Charles Gross
EUR 101.80 For Business Accounts Only

Silgan's metal businesses are poised to stagnate, but plastics should stimulate growth.

Silgan's third quarter had a number of positives and negatives, but remained roughly in line with our expectations for the year. Volume weakness weighed on the quarter in Silgan's metal containers and closures segments, while the plastics segment has finally started to hit its stride following an extended restructuring. Despite pockets of weakness during the quarter, our long-term outlook for Silgan remains unchanged. We expect very slow annual volume growth and modestly higher margins by 2021. ...
Underlying
Silgan Holdings Inc.

Silgan Holdings is a holding company. Through its subsidiaries, the company manufactures rigid packaging for consumer goods products. The company operates three businesses; its metal container business, which used primarily by processors and packagers for food products, such as vegetables, soup, proteins, tomato based products, adult nutritional drinks and fruit ; its closures business, which manufactures metal and plastic closures and dispensing systems for food and beverage and health care products; and its plastic container business, which manufactures custom designed and stock plastic containers for personal care and health care products, including containers for mouthwash, shampoos, and conditioners.

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Charles Gross

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