Silgan Holdings Inc. May 04
Standard & Poors, May 2004
Abstract
Dominant leader in the food can segment of the rigid metal packaging market, Strategically located facilities in close proximity to customers, Stable operating margins, and Track record of steady free cash generation. Narrow product mix, Limited geographic diversity, and Aggressive debt leverage. The ratings on Silgan Holdings Inc. are supported by its average business position as a major North American rigid consumer goods packaging producer, steady earnings and free cash flow generation, and sufficient liquidity, offset by aggressive debt leverage. In addition, supporting factors include the company's improving financial profile and financial policies that support prospects for further debt reduction. With annual revenues of about $2.3 billion, Stamford, Conn.-based Silgan is the largest producer of metal food cans in North...
Companies mentioned in this report are: Silgan Holdings Inc.
Action: Review
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Research Type: Full Analysis
Silgan Holdings Inc.
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