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Silgan Announces Second Quarter 2025 Results
NORWALK, Conn.--(BUSINESS WIRE)--Silgan Holdings Inc. (NYSE: SLGN), a leading supplier of sustainable rigid packaging solutions for the world's essential consumer goods products, today reported second quarter 2025 net sales of $1.54 billion and net income of $89.0 million, or $0.83 per diluted share, as compared to second quarter 2024 net sales of $1.38 billion and net income of $76.1 million, or $0.71 per diluted share. Adjusted net income per diluted share for the second quarter of 2025 increased 15% from the prior year period to $1.01, after adjustments increasing net income per diluted share by $0.18. Adjusted net income per diluted share for the second quarter of 2024 was $0.88, after adjustments increasing net income per diluted share by $0.17. A reconciliation of net income per diluted share to "adjusted net income per diluted share," a Non-GAAP financial measure used by the Company that adjusts net income per diluted share for certain items, can be found in Table A at the back of this press release. "Our businesses continued to execute in the second quarter and delivered significant adjusted EPS growth of 15%, driven by increased organic volumes in our key product categories, strong contributions from the successful integration of the Weener acquisition and continued best-in-class operating performance. Once again, our diverse portfolio, the strength of our teams, our focus on innovation and our disciplined value creation strategy continue to drive our performance and the long-term success of the Company," said Adam Greenlee, President and CEO. "Our second quarter performance was consistent with our expectations, as the contributions from our long-term strategic initiatives drove significant growth in earnings during the quarter. Our Dispensing and Specialty Closures business delivered another quarter of record performance, with strong results in dispensing products driven by our market leading innovation, intense focus on meeting the unique needs of our customers, and expanding product and geographic presence. We have made significant progress to date on the integration of the Weener acquisition, and we are pleased with the incremental opportunities our teams are pursuing to enhance our ability to compete and win in the high growth, high value dispensing products market. Our Metal Containers business performed well and delivered significant second quarter adjusted EBIT growth, with another quarter of mid-single digit volume growth in pet food. In Custom Containers, we achieved another quarter of adjusted EBIT growth driven by comparable volume improvement and solid execution on our cost reduction and efficiency improvement plans," continued Mr. Greenlee. "We are pleased to have delivered record first half Adjusted EBIT results that increased 17% over the prior year period, and we are on track to deliver 9% EPS growth and double digit adjusted EBIT and free cash flow growth in 2025. Our teams continue to win in the markets we serve by focusing on the unique needs of our customers and being the best at what we do, and we remain confident in our ability to deliver results that outpace our end market growth in 2025 and beyond," concluded Mr. Greenlee. Second Quarter Results Net sales for the second quarter of 2025 were $1.54 billion, an increase of $157.8 million, or 11%, as compared to the same period in the prior year. Net sales increased predominantly as a result of the inclusion of the results of the Weener acquisition and the contractual pass through of higher raw material costs in the current year quarter. Income before interest and income taxes (EBIT) for the second quarter of 2025 was $167.5 million, an increase of $25.7 million as compared to $141.8 million for the second quarter of 2024. EBIT in the Dispensing and Specialty Closures, Metal Containers and Custom Containers segments were $89.8 million, $65.7 million, and $22.6 million, respectively, in the second quarter of 2025. Rationalization charges were $9.9 million and $6.9 million in the second quarters of 2025 and 2024, respectively. Costs attributed to announced acquisitions were $5.5 million in the second quarter of 2024. A reconciliation of EBIT for each segment to Adjusted EBIT and Adjusted EBITDA, Non-GAAP financial measures used by the Company that adjust EBIT for certain items, can be found in Table B at the back of this press release. Interest and other debt expense for the second quarter of 2025 was $48.7 million, an increase of $7.4 million as compared to the second quarter of 2024 primarily due to increased borrowings in the current year period related to the acquisition of Weener. The effective tax rates were 25.6% and 24.3% for the second quarters of 2025 and 2024, respectively. The increase in the effective tax rate in the second quarter of 2025 was primarily due to changes in the geographic mix of profit in the current year period as compared to the prior year period. Second Quarter Segment Results Dispensing and Specialty Closures Net sales of the Dispensing and Specialty Closures segment were a record $702.2 million in the second quarter of 2025, an increase of $136.8 million, or 24%, as compared to $565.4 million in the second quarter of 2024. Net sales of dispensing products increased $143.6 million over the prior year period as a result of the inclusion of the Weener acquisition and higher organic volumes. Specialty closures volumes for food & beverage markets were 3% below prior year period levels, driven primarily by a decline in volumes for the North American beverage markets due to cool and wet weather conditions in the second quarter of 2025 and lower than anticipated promotional activity. Dispensing and Specialty Closures Adjusted EBIT increased $15.2 million, or 16%, to a record quarterly level of $107.9 million in the second quarter of 2025 as compared to $92.7 million in the second quarter of 2024. Adjusted EBIT associated with dispensing products increased $23.2 million over the prior year period due to the inclusion of the results related to the Weener acquisition and higher organic volumes. The strong performance in dispensing products was partially offset by the decline in specialty closures volumes for the North American beverage markets, which impacted the quarter by approximately $5 million. Metal Containers Net sales of the Metal Containers segment were $676.1 million in the second quarter of 2025, an increase of $25.3 million, or 4%, as compared to $650.8 million in the second quarter of 2024. The increase in net sales was primarily the result of a 3% price/mix benefit driven by the contractual pass through of higher raw material and other manufacturing costs, which was partially offset by less favorable mix due to higher volumes of smaller containers for pet food markets. Favorable foreign currency translation contributed approximately 1% compared to the prior year period. As expected, metal container volume was comparable to the prior year period, with a mid-single digit increase in volumes for pet food markets, partially offset by lower volumes for soup markets. Metal Containers Adjusted EBIT increased $12.3 million to $70.8 million in the second quarter of 2025 as compared to $58.5 million in the second quarter of 2024. The improvement in Adjusted EBIT in the quarter was primarily the result of favorable price/cost including mix due to more normalized production in the current year quarter as compared to lower production in the prior year quarter associated with a customer that reduced fruit and vegetable pack plans mid-year in 2024. Custom Containers Net sales of the Custom Containers segment were $160.9 million in the second quarter of 2025, a decrease of $4.3 million, or 3%, as compared to $165.2 million in the second quarter of 2024. This decrease was primarily the result of lower volumes of 2% largely due to the exit of lower margin business as a result of footprint reduction plans to achieve previously announced cost reduction goals. Excluding the lower margin business exited to achieve cost reduction plans, volumes increased 2%. Custom Containers Adjusted EBIT increased $2.4 million to $24.9 million in 2025 as compared to $22.5 million in the second quarter of 2024. The increase in Adjusted EBIT was primarily the result of more favorable price/cost including mix. Outlook for 2025 The Company revised its estimate of adjusted net income per diluted share for the full year of 2025 from a range of $4.00 to $4.20 to a range of $3.85 to $4.05, a 9% increase at the midpoint of the range over adjusted net income per diluted share of $3.62 in 2024. 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. Adjusted net income per diluted share excludes certain items as outlined in Table C at the back of this press release. The Company confirmed its estimate of interest and other debt expense in 2025 of approximately $185 million and continues to expect an effective tax rate for 2025 of approximately 24%. The Company revised its estimate of free cash flow in 2025 from approximately $450 million to approximately $430 million, a 10% increase as compared to $391.3 million in 2024. Capital expenditures are expected to be approximately $300 million in 2025. For the third quarter of 2025, the Company expects higher Adjusted EBIT in the Dispensing and Specialty Closures and Custom Containers segments and slightly lower Adjusted EBIT in the Metal Containers segment as compared to the prior year period. Third quarter Adjusted EBIT is expected to be impacted by lower volumes for specialty closures products for the North American beverage market and by a recent customer bankruptcy in the North American Metal Containers business. The Company provided an estimate of adjusted net income per diluted share for the third quarter of 2025 in the range of $1.18 to $1.28. Adjusted net income per diluted share excludes certain items as outlined in Table C at the back of this press release. Conference Call Silgan Holdings Inc. will hold a conference call to discuss the Company's results for the second quarter of 2025 at 11:00 a.m. eastern time on Wednesday, July 30, 2025. The conference call audio will be webcast live, and both the webcast and this press release can be accessed at Those who wish to participate in the conference call via teleconference from the U.S. and Canada should dial (888) 254-3590 and from outside the U.S. and Canada should dial (773) 305-6853. The confirmation code for the conference call is 7251782. The audio webcast can be accessed at and will be available for 90 days thereafter for those who are unable to listen to the live call. Silgan is a leading supplier of sustainable rigid packaging solutions for the world's essential consumer goods products with annual net sales of approximately $5.9 billion in 2024. Silgan operates 124 manufacturing facilities in North and South America, Europe and Asia. The Company is a leading worldwide supplier of dispensing and specialty closures for fragrance and beauty, food, beverage, personal and health care, home care and lawn and garden products. The Company is also a leading supplier of metal containers in North America and Europe for pet and human food and general line products. In addition, the Company is a leading supplier of custom containers for shelf-stable food and personal care products in North America. Statements included in this press release which are not historical facts are forward looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and the Securities Exchange Act of 1934, as amended. Such forward looking statements are made based upon management's expectations and beliefs concerning future events impacting the Company and therefore involve a number of uncertainties and risks, including, but not limited to, those described in the Company's Annual Report on Form 10-K for 2024 and other filings with the Securities and Exchange Commission. Therefore, the actual results of operations or financial condition of the Company could differ materially from those expressed or implied in such forward looking statements. SILGAN HOLDINGS INC. CONDENSED CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) For the quarter and six months ended June 30, (Dollars and shares in millions, except per share amounts) Second Quarter Six Months 2025 2024 2025 2024 Net sales $ 1,539.2 $ 1,381.4 $ 3,005.8 $ 2,698.4 Cost of goods sold 1,240.1 1,125.4 2,436.3 2,218.9 Gross profit 299.1 256.0 569.5 479.5 Selling, general and administrative expenses 121.8 107.7 250.9 208.2 Rationalization charges 9.9 6.9 20.8 18.5 Other pension and postretirement (income) (0.1 ) (0.4 ) (0.3 ) (0.8 ) Income before interest and income taxes 167.5 141.8 298.1 253.6 Interest and other debt expense 48.7 41.3 91.6 80.0 Income before income taxes 118.8 100.5 206.5 173.6 Provision for income taxes 30.4 24.4 51.3 42.3 Income before equity in earnings of affiliates 88.4 76.1 155.2 131.3 Equity in earnings of affiliates, net of tax 0.6 — 1.7 — Net income $ 89.0 $ 76.1 $ 156.9 $ 131.3 Earnings per share (EPS): Basic net income per share $ 0.83 $ 0.71 $ 1.47 $ 1.23 Diluted net income per share $ 0.83 $ 0.71 $ 1.46 $ 1.23 Cash dividends per common share $ 0.20 $ 0.19 $ 0.40 $ 0.38 Weighted average shares: Basic 107.1 106.8 107.0 106.7 Diluted 107.3 107.0 107.3 107.0 Expand SILGAN HOLDINGS INC. CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) (Dollars in millions) June 30, June 30, Dec. 31, 2025 2024 2024 Assets: Cash and cash equivalents $ 317.5 $ 302.8 $ 822.9 Trade accounts receivable, net 1,242.1 1,056.8 594.3 Inventories 1,258.5 1,005.6 928.1 Other current assets 190.8 173.5 177.5 Property, plant and equipment, net 2,382.1 1,933.6 2,282.9 Other assets, net 4,019.4 3,220.9 3,779.0 Total assets $ 9,410.4 $ 7,693.2 $ 8,584.7 Liabilities and stockholders' equity: Current liabilities, excluding debt $ 1,197.2 $ 997.7 $ 1,530.7 Current and long-term debt 5,052.1 3,929.0 4,136.8 Other liabilities 938.9 832.8 927.6 Stockholders' equity 2,222.2 1,933.7 1,989.6 Total liabilities and stockholders' equity $ 9,410.4 $ 7,693.2 $ 8,584.7 Expand SILGAN HOLDINGS INC. CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) For the six months ended June 30, (Dollars in millions) 2025 2024 Cash flows provided by (used in) operating activities: Net income $ 156.9 $ 131.3 Adjustments to reconcile net income to net cash provided by (used in) operating activities: Depreciation and amortization 155.3 131.9 Amortization of debt discount and debt issuance costs 2.6 2.7 Rationalization charges 20.8 18.5 Other changes that provided (used) cash: Trade accounts receivable, net (601.8 ) (474.5 ) Inventories (293.8 ) (74.5 ) Trade accounts payable and other changes, net (344.9 ) (262.3 ) Net cash (used in) operating activities (904.9 ) (526.9 ) Cash flows provided by (used in) investing activities: Capital expenditures (155.7 ) (131.4 ) Proceeds from asset sales 9.6 3.0 Other investing activities 0.3 0.1 Net cash (used in) investing activities (145.8 ) (128.3 ) Cash flows provided by (used in) financing activities: Dividends paid on common stock (43.4 ) (41.5 ) Changes in outstanding checks - principally vendors (85.0 ) (160.6 ) Net borrowings and other financing activities 642.3 531.0 Net cash provided by financing activities 513.9 328.9 Effect of exchange rate changes on cash and cash equivalents 31.4 (13.8 ) Cash and cash equivalents: Net (decrease) (505.4 ) (340.1 ) Balance at beginning of year 822.9 642.9 Balance at end of period $ 317.5 $ 302.8 Expand SILGAN HOLDINGS INC. CONSOLIDATED SUPPLEMENTAL SEGMENT FINANCIAL DATA (UNAUDITED) For the quarter and six months ended June 30, (Dollars in millions) Second Quarter Six Months 2025 2024 2025 2024 Net sales: Dispensing and Specialty Closures $ 702.2 $ 565.4 $ 1,373.3 $ 1,101.3 Metal Containers 676.1 650.8 1,304.5 1,267.9 Custom Containers 160.9 165.2 328.0 329.2 Consolidated $ 1,539.2 $ 1,381.4 $ 3,005.8 $ 2,698.4 Income before interest and income taxes (EBIT) Dispensing and Specialty Closures $ 89.8 $ 78.9 $ 169.7 $ 138.7 Metal Containers 65.7 56.3 110.5 98.0 Custom Containers 22.6 20.5 44.7 38.3 Corporate (10.6 ) (13.9 ) (26.8 ) (21.4 ) Consolidated $ 167.5 $ 141.8 $ 298.1 $ 253.6 Expand SILGAN HOLDINGS INC. RECONCILIATION OF ADJUSTED NET INCOME PER DILUTED SHARE (1) (UNAUDITED) For the quarter and six months ended June 30, (Dollars and shares in millions, except per share amounts) Table A Second Quarter Six Months 2025 2024 2025 2024 Net Diluted Net Diluted Net Diluted Net Diluted Income EPS Income EPS Income EPS Income EPS U.S. GAAP net income and diluted EPS $ 89.0 $ 0.83 $ 76.1 $ 0.71 $ 156.9 $ 1.46 $ 131.3 $ 1.23 Adjustments (a) 19.0 0.18 17.9 0.17 39.2 0.37 35.8 0.33 Non-U.S. GAAP adjusted net income and adjusted diluted EPS $ 108.0 $ 1.01 $ 94.0 $ 0.88 $ 196.1 $ 1.83 $ 167.1 $ 1.56 Weighted average number of common shares outstanding - Diluted 107.3 107.0 107.3 107.0 (a) Adjustments consist of items in the table below Expand Second Quarter Six Months 2025 2024 2025 2024 Adjustments: Acquired intangible asset amortization expense $ 15.9 $ 12.3 $ 31.3 $ 25.6 Other pension (income) for U.S. pension plans (0.9 ) (1.2 ) (1.8 ) (2.4 ) Rationalization charges 9.9 6.9 20.8 18.5 Costs attributed to announced acquisitions — 5.5 1.1 5.5 Pre-tax impact of adjustments 24.9 23.5 51.4 47.2 Tax impact of adjustments 5.9 5.6 12.2 11.4 Net impact of adjustments $ 19.0 $ 17.9 $ 39.2 $ 35.8 Weighted average number of common shares outstanding - Diluted 107.3 107.0 107.3 107.0 Diluted EPS impact from adjustments $ 0.18 $ 0.17 $ 0.37 $ 0.33 Adjusted tax rate 25.3 % 24.2 % 24.6 % 24.3 % Expand SILGAN HOLDINGS INC. RECONCILIATION OF ADJUSTED EBIT and ADJUSTED EBITDA (2) (UNAUDITED) For the quarter and six months ended June 30, (Dollars in millions) Table B Second Quarter Six Months 2025 2024 2025 2024 Dispensing and Specialty Closures: Income before interest and income taxes (EBIT) $ 89.8 $ 78.9 $ 169.7 $ 138.7 Acquired intangible asset amortization expense 14.4 10.9 28.4 22.6 Other pension (income) for U.S. pension plans (0.2 ) (0.3 ) (0.3 ) (0.5 ) Equity in earnings of affiliates, net of tax 0.6 — 1.7 — Rationalization charges 3.3 3.2 7.6 9.7 Adjusted EBIT 107.9 92.7 207.1 170.5 Depreciation 37.6 25.4 73.5 50.5 Adjusted EBITDA $ 145.5 $ 118.1 $ 280.6 $ 221.0 Metal Containers: Income before interest and income taxes (EBIT) $ 65.7 $ 56.3 $ 110.5 $ 98.0 Acquired intangible asset amortization expense 0.4 0.3 0.7 0.7 Other pension (income) for U.S. pension plans (0.4 ) (0.6 ) (1.0 ) (1.3 ) Rationalization charges 5.1 2.5 10.1 6.1 Adjusted EBIT 70.8 58.5 120.3 103.5 Depreciation 13.6 18.9 32.9 37.8 Adjusted EBITDA $ 84.4 $ 77.4 $ 153.2 $ 141.3 Custom Containers: Income before interest and income taxes (EBIT) $ 22.6 $ 20.5 $ 44.7 $ 38.3 Acquired intangible asset amortization expense 1.1 1.1 2.2 2.3 Other pension (income) for U.S. pension plans (0.3 ) (0.3 ) (0.5 ) (0.6 ) Rationalization charges 1.5 1.2 3.1 2.7 Adjusted EBIT 24.9 22.5 49.5 42.7 Depreciation 8.7 8.8 17.4 17.9 Adjusted EBITDA $ 33.6 $ 31.3 $ 66.9 $ 60.6 Corporate: (Loss) before interest and income taxes (EBIT) $ (10.6 ) $ (13.9 ) $ (26.8 ) $ (21.4 ) Costs attributed to announced acquisitions — 5.5 1.1 5.5 Adjusted EBIT (10.6 ) (8.4 ) (25.7 ) (15.9 ) Depreciation 0.1 0.1 0.2 0.1 Adjusted EBITDA $ (10.5 ) $ (8.3 ) $ (25.5 ) $ (15.8 ) Total Adjusted EBIT 193.0 165.3 351.2 300.8 Total Depreciation 60.0 53.2 124.0 106.3 Total Adjusted EBITDA $ 253.0 $ 218.5 $ 475.2 $ 407.1 Expand SILGAN HOLDINGS INC. RECONCILIATION OF ADJUSTED NET INCOME PER DILUTED SHARE (1) (UNAUDITED) For the quarter and year ended, (Dollars and shares in millions, except per share amounts) Table C Third Quarter, Year Ended September 30, December 31, Estimated Actual Estimated Actual Low High Low High 2025 2025 2024 2025 2025 2024 U.S. GAAP net income as estimated for 2025 and as reported for 2024 $ 111.5 $ 122.2 $ 100.1 $ 342.5 $ 364.0 $ 276.4 Adjustments (a) 15.1 15.1 29.8 70.6 70.6 111.4 Non-U.S. GAAP adjusted net income as estimated for 2025 and presented for 2024 $ 126.6 $ 137.3 $ 129.9 $ 413.1 $ 434.6 $ 387.8 U.S. GAAP diluted EPS as estimated for 2025 and as reported for 2024 $ 1.04 $ 1.14 $ 0.93 $ 3.19 $ 3.39 $ 2.58 Adjustments (a) 0.14 0.14 0.28 0.66 0.66 1.04 Non-U.S. GAAP adjusted diluted EPS as estimated for 2025 and presented for 2024 $ 1.18 $ 1.28 $ 1.21 $ 3.85 $ 4.05 $ 3.62 (a) Adjustments consist of items in the table below Expand Third Quarter, Year Ended September 30, December 31, 2025 2024 2025 2024 Estimated Actual Estimated Actual Adjustments: Acquired intangible asset amortization expense $ 15.9 $ 12.4 $ 63.1 $ 52.6 Other pension (income) for U.S. pension plans (0.9 ) (0.7 ) (3.7 ) (4.2 ) Rationalization charges 4.9 19.5 31.8 59.5 Costs attributed to announced acquisitions — 7.1 1.1 28.4 Purchase accounting write-up of inventory — — — 6.1 Loss on early extinguishment of debt — — — 1.1 Pre-tax impact of adjustments 19.9 38.3 92.3 143.5 Tax impact of adjustments 4.8 8.5 21.7 32.1 Net impact of adjustments $ 15.1 $ 29.8 $ 70.6 $ 111.4 Weighted average number of common shares outstanding - Diluted 107.3 107.1 107.3 107.1 Diluted EPS impact from adjustments $ 0.14 $ 0.28 $ 0.66 $ 1.04 Expand (1) The Company has presented adjusted net income per diluted share for the periods covered by this press release, which measure is a Non-GAAP financial measure. The Company's management believes it is useful to exclude acquired intangible asset amortization expense, other pension income for U.S. pension plans, rationalization charges, costs attributed to announced acquisitions, the impact from the charge for the write-up of acquired inventory required under purchase accounting and the loss on early extinguishment of debt from its net income per diluted share as calculated under U.S. generally accepted accounting principles because such Non-GAAP financial measure allows for a more appropriate evaluation of its operating results. Acquired intangible asset amortization expense is a non-cash expense related to acquired operations that management believes is not indicative of the on-going performance of the acquired operations. Since the Company's U.S. pension plans are significantly over funded and have no required cash contributions for the foreseeable future based on current regulations, management views other pension income from the Company's U.S. pension plans, which excludes service costs, as not reflective of the operational performance of the Company or its segments. While rationalization costs are incurred on a regular basis, management views these costs more as an investment to generate savings rather than period costs. Costs attributed to announced acquisitions consist of third party fees and expenses that are viewed by management as part of the acquisition and not indicative of the on-going cost structure of the Company. The write-up of acquired inventory required under purchase accounting is also viewed by management as part of the acquisition and is a non-cash charge that is not considered to be indicative of the on-going performance of the acquired operations. The loss on early extinguishment of debt consists of third party fees and expenses incurred or debt costs written off that are viewed by management as part of the cost of prepayment of debt and not indicative of the on-going cost structure of the Company. Such Non-GAAP financial measure is not in accordance with U.S. generally accepted accounting principles and should not be considered in isolation but should be read in conjunction with the unaudited condensed consolidated statements of income and the other information presented herein. Additionally, such Non-GAAP financial measure should not be considered a substitute for net income per diluted share as calculated under U.S. generally accepted accounting principles and may not be comparable to similarly titled measures of other companies. (2) The Company has presented Adjusted EBIT for the periods covered by this press release, which measure is a Non-GAAP financial measure. The Company's management believes it is useful to exclude acquired intangible asset amortization expense, other pension income for U.S. pension plans, rationalization charges and costs attributed to announced acquisitions from EBIT, and to include in EBIT equity in earnings of affiliates, net of tax, for the Company and each of its segments as calculated under U.S. generally accepted accounting principles because such Non-GAAP financial measure allows for a more appropriate evaluation of operating results of the Company and its segments. Acquired intangible asset amortization expense is a non-cash expense related to acquired operations that management believes is not indicative of the on-going performance of the acquired operations. Since the Company's U.S. pension plans are significantly over funded and have no required cash contributions for the foreseeable future based on current regulations, management views other pension income from the Company's U.S. pension plans, which excludes service costs, as not reflective of the operational performance of the Company or its segments. While rationalization costs are incurred on a regular basis, management views these costs more as an investment to generate savings rather than period costs. Costs attributed to announced acquisitions consist of third party fees and expenses that are viewed by management as part of the acquisition and not indicative of the on-going cost structure of the Company. The Company's management views the operating performance of its affiliates which are joint ventures as part of the Company's operating performance and therefore believes that the Company's share of the net operating results of its affiliates which are joint ventures should be included in the Company's Adjusted EBIT. Such Non-GAAP financial measure is not in accordance with U.S. generally accepted accounting principles and should not be considered in isolation but should be read in conjunction with the unaudited condensed consolidated statements of income and the other information presented herein. Additionally, such Non-GAAP financial measure should not be considered a substitute for income before interest and income taxes (EBIT) as calculated under U.S. generally accepted accounting principles and may not be comparable to similarly titled measures of other companies. The Company has also presented Adjusted EBITDA for the periods covered by this press release, which measure is a Non-GAAP financial measure. Adjusted EBITDA means Adjusted EBIT plus depreciation. The Company's management believes that Adjusted EBITDA also allows for a more appropriate evaluation of operating results of the Company and its segments. Such Non-GAAP financial measure is not in accordance with U.S. generally accepted accounting principles and should not be considered in isolation but should be read in conjunction with the unaudited condensed consolidated statements of income and the other information presented herein. Additionally, such Non-GAAP financial measure should not be considered a substitute for income before interest and income taxes (EBIT) as calculated under U.S. generally accepted accounting principles and may not be comparable to similarly titled measures of other companies.
Yahoo
03-06-2025
- Health
- Yahoo
An anti-inflammatory diet may help colon cancer patients live longer, study says
Eating food that lowers inflammation in the body may help people with advanced colon cancer survive longer, according to research presented at a meeting of the American Society of Clinical Oncology in Chicago. The findings, presented Sunday, suggest that cancer patients can have at least some control over the outcome of their disease, even at later stages. 'This is the most common question that patients ask me when I see them in clinic,' said Dr. Kimmie Ng, an author of the new study and associate chief of the division of gastrointestinal oncology at Dana-Farber Cancer Institute in Boston. 'What is it that I can do myself to try to improve my chances, help me live as long as possible?' Ng's study — which has not yet been published in a peer-reviewed journal — looked at the diets of 1,625 adults with stage 3 colon cancer, meaning the cancer has spread to nearby lymph nodes, but not to other parts of the body. With standard care — surgery and chemotherapy in most cases — about three-quarters of patients can expect to live at least five years after their diagnosis, according to the American Cancer Society. The new research suggests diet may influence those odds. 'What's unique about colon cancer is that it's a cancer of the digestive tract,' said Dr. Sara Char, Ng's co-author and a clinical fellow in hematology and oncology at Dana-Farber Cancer Institute. 'What we eat will inevitably go through the colon.' All the patients in the new analysis got the same treatment: surgery, followed by three to six months of chemotherapy. They also filled out dietary questionnaires during and after their chemotherapy treatments. Researchers followed up on the participants for five years. Patients who regularly ate foods that promote inflammation in the body — ultraprocessed foods, excessive amounts of sugar and saturated fats — had up to an 87% higher risk of dying from their disease when compared to people who ate a far less inflammatory diet. The less-inflammatory diet was more plant-focused, and included foods such as leafy greens, carrots, coffee and tea. Cancer centers have dietitians who work with patients to make sure they're getting proper nutrition while they're going through treatment, said Heather Greenlee, medical director of integrative medicine at Fred Hutchinson Cancer Center in Seattle. Chemotherapy, for example, can come with side effects, including difficulty swallowing and poor appetite. Once treatment is done, patients may need additional help making dietary changes to improve survival long term. 'The issue that a lot of patients face is that people don't know how to make these dietary changes that are sustainable over time,' said Greenlee, who also wasn't involved with the research. Greenlee heads Fred Hutch's Cook for Your Life program for people who've had cancer. 'It's really important for big studies like this to be done to show that there is this potential benefit for lifestyle and behavioral changes in the face of some of these cancers that are difficult to treat,' she said. She recommends a plant-focused approach, such as adding beans, broccoli and cauliflower to meals, as well as high-fiber foods. 'Those are all good places to start,' Greenlee said. Patients also boosted their chances of living longer with physical activity. People who ate diets least likely to promote inflammation and who did the equivalent of taking a brisk walk for an hour at least three times a week had a 63% lower risk of death from any cause during the five-year follow-up period. A separate study, also presented Sunday at the cancer meeting, found that regular exercise was linked to a 28% lower risk of the cancer recurring, a new cancer diagnosis or death. More than 150,000 people are diagnosed with colorectal cancer every year, according to the American Cancer Society. 'Not only can healthy lifestyle choices, like diet and exercise, have an impact after a cancer diagnosis,' said Dr. Julie Gralow, chief medical officer of the American Society of Clinical Oncology, 'they are absolutely as good as the benefits we see from drugs, and probably even better.' This article was originally published on
NBC News
03-06-2025
- Health
- NBC News
An anti-inflammatory diet may help colon cancer patients live longer, study says
Eating food that lowers inflammation in the body may help people with advanced colon cancer survive longer, according to research presented at a meeting of the American Society of Clinical Oncology in Chicago. The findings, presented Sunday, suggest that cancer patients can have at least some control over the outcome of their disease, even at later stages. 'This is the most common question that patients ask me when I see them in clinic,' said Dr. Kimmie Ng, an author of the new study and associate chief of the division of gastrointestinal oncology at Dana-Farber Cancer Institute in Boston. 'What is it that I can do myself to try to improve my chances, help me live as long as possible?' Ng's study — which has not yet been published in a peer-reviewed journal — looked at the diets of 1,625 adults with stage 3 colon cancer, meaning the cancer has spread to nearby lymph nodes, but not to other parts of the body. With standard care — surgery and chemotherapy in most cases — about three-quarters of patients can expect to live at least five years after their diagnosis, according to the American Cancer Society. The new research suggests diet may influence those odds. 'What's unique about colon cancer is that it's a cancer of the digestive tract,' said Dr. Sara Char, Ng's co-author and a clinical fellow in hematology and oncology at Dana-Farber Cancer Institute. 'What we eat will inevitably go through the colon.' All the patients in the new analysis got the same treatment: surgery, followed by three to six months of chemotherapy. They also filled out dietary questionnaires during and after their chemotherapy treatments. Researchers followed up on the participants for five years. Patients who regularly ate foods that promote inflammation in the body — ultraprocessed foods, excessive amounts of sugar and saturated fats — had up to an 87% higher risk of dying from their disease when compared to people who ate a far less inflammatory diet. The less-inflammatory diet was more plant-focused, and included foods such as leafy greens, carrots, coffee and tea. Real-world examples Cancer centers have dietitians who work with patients to make sure they're getting proper nutrition while they're going through treatment, said Heather Greenlee, medical director of integrative medicine at Fred Hutchinson Cancer Center in Seattle. Chemotherapy, for example, can come with side effects, including difficulty swallowing and poor appetite. Once treatment is done, patients may need additional help making dietary changes to improve survival long term. 'The issue that a lot of patients face is that people don't know how to make these dietary changes that are sustainable over time,' said Greenlee, who also wasn't involved with the research. Greenlee heads Fred Hutch's Cook for Your Life program for people who've had cancer. 'It's really important for big studies like this to be done to show that there is this potential benefit for lifestyle and behavioral changes in the face of some of these cancers that are difficult to treat,' she said. She recommends a plant-focused approach, such as adding beans, broccoli and cauliflower to meals, as well as high-fiber foods. 'Those are all good places to start,' Greenlee said. Exercise boost Patients also boosted their chances of living longer with physical activity. People who ate diets least likely to promote inflammation and who did the equivalent of taking a brisk walk for an hour at least three times a week had a 63% lower risk of death from any cause during the five-year follow-up period. A separate study, also presented Sunday at the cancer meeting, found that regular exercise was linked to a 28% lower risk of the cancer recurring, a new cancer diagnosis or death. More than 150,000 people are diagnosed with colorectal cancer every year, according to the American Cancer Society. 'Not only can healthy lifestyle choices, like diet and exercise, have an impact after a cancer diagnosis,' said Dr. Julie Gralow, chief medical officer of the American Society of Clinical Oncology, 'they are absolutely as good as the benefits we see from drugs, and probably even better.'
Yahoo
13-04-2025
- Yahoo
North Nashville community members gather to support families affected by violence
NASHVILLE, Tenn. (WKRN) — To commemorate National Crime Victims' Rights Week, families gathered in North Nashville Saturday for an event called 'Healed People Heal People' to support one another and remember loved ones lost to violence. Clemmie Greenlee, head of Tennessee's chapter of Voices for Black Mothers United, has made it her mission to support and heal others and their families after losing her only son to gun violence more than two decades ago. Greenlee told News 2 she wants to remind families they're not alone: 'Number one, you got people that love on you. Number two, we want to teach you how to file for the victim's compensation fund.' Man dead after shooting in Cookeville shopping center parking lot As head of the VBMU in Tennessee, Greenlee wants to help remove barriers for crime victims and their families as they seek justice. 'If you ignore the message and what's going on out here, then you're not going to have any solutions. I don't have the solution, but I'm going to keep trying to try to find one, and in order for me to do that, it's for me to love on people and bring people here at Grassroot to let them know that I'm here,' Greenlee added. VBMU said they are encouraged to see a 5% drop in Nashville's violent crime rate from 2023 to 2024, but they're still pushing to lower violent crime in Music City and across Tennessee. | READ MORE | 'If you really want to change something, you've got to get out here and see what to change. Quit reading the paperwork, quit reading the numbers on the grant, come out here and just take a drive around and really see, and that's all I'm asking people. You don't want to do it, I do, connect with me,' Greenlee explained. If you or someone you know has lost a loved one to violence and needs support, Greenlee wants families to know help is out there. Resources are available at and you can reach VBMU's Tennessee chapter at 615-589-8984. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Yahoo
17-02-2025
- Business
- Yahoo
Historic Hamilton firehouse featured on Zillow Gone Wild: 'These bones are a steal!!'
An old firehouse in the city of Hamilton, Ohio, about 40 minutes north of Cincinnati, was recently featured by Zillow Gone Wild, which showcases America's "wackiest and wildest'' homes that often need extensive renovations. The historic Hose House No. 5 on North Ninth Street "definitely needs a little love,'' said listing agent Arthur Greenlee IV of Exp Realty in West Chester. But the property, which was listed for $100,000, already has a pending offer for a little over asking price, Greenlee said. "I knew the right person with the right eye would be willing to put in the work to restore it,'' he said. Built in 1900, the firehouse served until 1959 and stood vacant for decades before it was purchased by a series of potential rehabbers, Greenlee said. It last sold for $66,000 in 2017 to a private buyer who took steps to renovate the building before deciding "to go in a different direction,'' Greenlee said. Listing photos show the interior of the more than 3,000-square-foot property has been largely gutted, but the exterior remains intact. Zillow Gone Wild posted the listing photos on its popular Instagram account with more than two million followers, in addition to Facebook and its online newsletter. Social media reactions to the listing varied from dazzled to dumbfounded: "I'd make it into a Ghostbusters house!,'' read one Facebook comment. Others were more impressed: "I have never seen anything with more potential!! Oh to have the money to sink into this… if I did I'd buy this in a heartbeat!!!,'' read another comment on Facebook It didn't take long for prospective buyers to show interest. "We listed it Thursday and got two offers the same day and went under contract Friday,'' Greenlee said. "Zillow also called Thursday and said they wanted to feature it on Zillow Gone Wild, but they didn't put it up until Sunday.'' Greenlee said the old firehouse is zoned for residential and commercial use, but the new buyer intends to renovate the building as a private residence. This article originally appeared on Cincinnati Enquirer: Old Hamilton firehouse hits the market and Zillow Gone Wild
