Summary: Silgan Holdings Inc. Dec 10
Standard & Poors, December 2010
Abstract
The ratings on Silgan Holdings Inc. reflect its satisfactory business position as a major North American producer of rigid consumer goods packaging, its steady earnings and free cash flow generation, and its demonstrated ability to maintain (or quickly return to) a capital structure consistent with the rating despite periodic acquisitions. Somewhat aggressive financial policies and other risks associated with the company's strategy of growth via acquisitions offset these strengths. Standard & Poor's Ratings Services characterizes Silgan's business risk profile as satisfactory and its financial risk profile as significant. Silgan has annual revenues of $3.1 billion. Its business mix is about 61% metal food cans, 20% metal and plastic closures, and 19% plastic containers. Silgan is the largest producer of metal...
Companies mentioned in this report are: Silgan Holdings Inc.
Action: Review
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This product consists of a Summary Analysis: Bi-annual (at least). An abbreviated analysis containing Standard & Poor's issuer credit ratings as of the time the article was published. The analysis includes a rating rationale - the basis on which the rating was assigned - and an outlook section if the issuer is not on CreditWatch. Financial statistics are not included.
Silgan Holdings Inc.
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