Welcome to our dedicated page for Sealed Air Cp news (Ticker: SEE), a resource for investors and traders seeking the latest updates and insights on Sealed Air Cp stock.
Sealed Air Corporation (NYSE: SEE) delivers innovative packaging solutions that protect goods, preserve food freshness, and advance sustainability across global supply chains. This news hub provides investors and industry stakeholders with verified updates on the company’s financial performance, product innovations, and environmental initiatives.
Access real-time announcements including quarterly earnings reports, strategic partnerships, and advancements in automated packaging systems. Explore coverage of SEE’s sustainable material developments under its Food Care and Product Care segments, featuring brands like Cryovac® and Bubble Wrap®.
Key updates include progress toward circular economy goals, new packaging technologies for e-commerce, and operational efficiency milestones. Content is curated to help users track market positioning, regulatory compliance efforts, and R&D investments without promotional bias.
Bookmark this page for streamlined access to SEC filings, leadership statements, and analysis of SEE’s role in shaping packaging industry standards. Check regularly for developments in material science and supply chain optimization strategies.
Sealed Air (NYSE: SEE) announced participation in the BMO Non-Deal Roadshow on February 15, 2023, in New York City. Key executives, including Ted Doheny, President & CEO, will discuss the company's advancements in automation, digital, and sustainability packaging solutions. SEE aims to evolve into a high-quality growth company, highlighted by the launch of Reinvent 2.0 and the acquisition of Liquibox. In 2022, SEE generated
SEE reported a decline in Q4 2022 net sales of $1.4 billion, down by 8% year-over-year, reflecting challenges across global markets, including an unfavorable currency impact. Net earnings fell 44% to $95 million, with earnings per share decreasing by 42% to $0.65. Full year 2022 net sales reached $5.6 billion, a 2% increase. The company completed its acquisition of Liquibox, enhancing its fluids and liquids business, set to grow over 10% of sales. SEE expects 2023 net sales between $5.85 and $6.10 billion and adjusted EBITDA of $1.25 to $1.30 billion, demonstrating confidence amid economic challenges.
Sealed Air (SEE) emphasizes its commitment to environmental sustainability through strategic initiatives led by Andrei Stoddard, Global Operations Excellence Director. The company aims for net-zero carbon emissions by 2040 and has made considerable progress since 2012 in reducing energy, waste, and greenhouse gas emissions. Their new solar farm in California generates 98% of the facility's electricity, helping to avoid 4,982 metric tons of CO2 annually. Employee-led projects in Argentina, China, and Mexico highlight SEE's innovative approach to operational excellence, focusing on recycling, energy efficiency, and community contributions.
Sealed Air (NYSE: SEE) has completed the acquisition of Liquibox for
CEO Ted Doheny highlighted the acquisition as a significant step in SEE's transformation towards a digitally driven and sustainable packaging future. The financial details and impacts will be discussed in SEE's earnings call on February 9, 2023.
Sealed Air Corporation (NYSE: SEE) has successfully closed a $775 million offering of 6.125% senior notes maturing in 2028, sold at par value. Proceeds will finance the acquisition of Liqui-Box, Inc., redeem 4.500% senior notes due 2023, and cover general corporate expenses. The notes are offered to qualified institutional buyers under Rule 144A and to non-U.S. persons under Regulation S of the Securities Act. This strategic move aims to enhance business operations and cash management for upcoming projects.
Sealed Air Corporation (NYSE: SEE) announced the expiration of its cash tender offer for its 4.500% senior notes due 2023, which ended on January 27, 2023, at 5:00 p.m. EST. A total of €233,297,000, or 58.32% of the outstanding amount, was tendered. The expected settlement date for the Tender Offer is February 1, 2023, with holders receiving €1,005.60 for each €1,000 principal amount plus accrued interest. Sealed Air plans to meet any outstanding obligations on non-tendered Notes as per the indenture terms. Goldman Sachs & Co. LLC is the exclusive Dealer Manager for this offer.
Sealed Air Corporation (NYSE: SEE) announced a cash tender offer for its 4.500% senior notes due 2023, with a Total Consideration of €1,005.60 per €1,000 principal amount of the notes accepted for purchase. The Total Consideration was calculated based on a fixed spread of 50 basis points plus a yield to maturity of 2.479%. The tender offer will expire today at 5:00 p.m. New York City time unless extended. The company will also pay accrued and unpaid interest up to the expected settlement date of February 1, 2023. Goldman Sachs & Co. LLC is the exclusive Dealer Manager, and Global Bondholder Services Corporation is the Depositary and Information Agent.
Sealed Air (SEE) is enhancing its commitment to sustainability by investing in circular economy solutions aimed at reducing plastic waste. On January 18, 2023, the company announced a $5 million investment in Closed Loop Partners' Circular Plastics Fund, contributing to a $100 million goal for recycling technology. Alongside partners like ExxonMobil and Ahold Delhaize USA, SEE is developing low-carbon food-grade packaging solutions. These collaborations focus on increasing recycling capabilities and advancing sustainable practices, thus positioning Sealed Air as a leader in the transition towards a waste-free future.
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