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Silgan Holding’s net income plummeted year-on-year in Q2 by $40.6m (€33.5m) and warned planned custo
date:Jul 27, 2012
Selling, general and administrative expenses jumped from $20m to $46.5m in Q2 2012 and the firm recorded a $38.7m loss in the early extinguishment of debt.

Income from operations for Q2 was $68.6m, compared to $94.5m for the Q2 2011.

Silgan said this was due to $27m in corporate selling, general and administrative expenses for proceeds received as a result of the termination of the Graham Packaging merger agreement.

Income was also affected by a decrease from operations in the metal contai

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