Filing Flows › Silgan Holdings (SLGN) › Q1 2026
Silgan Holdings (SLGN) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 6, 2026
Silgan Holdings (SLGN) reported revenue of $1.6B for the first quarter 2026 (Q1 2026), +6% from a year earlier and +6% from the quarter before. Operating margin was 5.5%, net earnings $63.0M (4.0% of revenue).
Silgan Holdings, Q1 2026: revenue $1.6B (+6% year over year), operating margin 5.5%, net earnings $63.0M, operating cash flow −$800M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.6B | +6% | +6% |
| Gross profit | $266M | +5% | -2% |
| Operating profit | $85.3M | +58% | -4% |
| Net earnings | $63.0M | +246% | -7% |
| Operating cash flow | −$800M | -162% | — |
What changed
Revenue was $1.6B in Q1 2026, up 6% year over year and up 6% from the previous quarter. Metal Containers was the largest line at 46% of revenue. Metal Containers added $0.10B year over year (up 15%), 102% of the total change. Custom Containers declined 10%.
Gross margin was 17.0%, down 1.4 points from Q1 2025. Operating profit was $0.09B, a 5.5% margin (down 0.6 points year over year). Operating profit fell $3.4M even though revenue rose $0.09B versus Q1 2025, so costs grew faster than sales. Operating expenses fell 1% while revenue rose 6%. Net earnings were $0.06B, down 7% year over year. The effective tax rate was 26.1%.
Operating cash flow was −$0.80B. Non-cash charges added back $0.08B of depreciation and amortization and $0.01B of share-based compensation. Working capital and other items used $1.0B. Capital expenditures of $0.08B exceeded it, leaving free cash flow of −$0.88B.
Questions
What was Silgan Holdings' revenue in the first quarter 2026?
Silgan Holdings (SLGN) reported revenue of $1.6B for the first quarter 2026 (Q1 2026), +6% from a year earlier and +6% from the quarter before.
Was Silgan Holdings profitable in the first quarter 2026?
Operating profit was $85.3M (5.5% of revenue) and net earnings $63.0M.
Source: Silgan Holdings 10-Q on SEC EDGAR.