Silgan authorizes $500 million stock repurchase program through 2029

Silgan Holdings Inc. (NYSE: SLGN) announced that its Board of Directors has authorized the repurchase of up to $500 million of the company's common stock through December 31, 2029.

The new authorization replaces the company's prior repurchase program, which had approximately $25 million remaining. The packaging supplier will conduct repurchases from time to time during the five-year period, according to the company's statement.

"This new authorization will allow us to repurchase up to $500 million of our common stock from time to time through December 31, 2029," said Adam Greenlee, President and CEO. "As in the past, we maintain a disciplined, returns based approach to capital deployment which has created significant value over time for our shareholders and the Company."

Silgan supplies rigid packaging solutions for consumer goods products and reported annual net sales of approximately $5.9 billion in 2024. The company operates 124 manufacturing facilities across North and South America, Europe and Asia.

The company produces dispensing and specialty closures for fragrance, beauty, food, beverage, personal care, home care and lawn and garden products. Silgan also manufactures metal containers for pet and human food products in North America and Europe, as well as custom containers for shelf-stable food and personal care products in North America.

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