Silgan Holdings (SLGN) Dives 15% on Lower Growth Outlook

We recently published 10 Stocks Hit by Painful Plunge. Silgan Holdings Inc. (NYSE:SLGN) is one of the worst-performing stocks on Tuesday.

Silgan Holdings tumbled by 15.23 percent on Wednesday to close at $47.3 apiece as investor sentiment as investors soured on a lower growth outlook for this year, despite recording a strong earnings performance in the second quarter of the year.

In its financial statement, Silgan Holdings Inc. (NYSE:SLGN) lowered its adjusted net income per diluted share for 2025 to $3.85 to $4.05 from the $4.00 to $4.20  previously.

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“The revision in the company’s estimate of adjusted net income per diluted share is primarily the result of lower volume expectations for specialty closures products for the North American beverage markets and the expected impact associated with a recent customer bankruptcy in the North American Metal Containers business,” it said.

Meanwhile, the company added that the third quarter is expected to be impacted by lower volumes for specialty closure products for the North American beverage market and by a recent customer bankruptcy in the North American Metal Containers business.

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

Net sales also increased by 8.7 percent to $1.5 billion from $1.38 billion year-on-year.