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) has announced a quarterly cash dividend of $0.20 per common share. The dividend will be payable on December 20, 2024 to stockholders of record at the close of business on December 6, 2024. This decision was made by Sealed Air's Board of Directors, demonstrating the company's commitment to returning value to its shareholders.
Sealed Air (NYSE: SEE) has announced it will release its third quarter 2024 results on Thursday, November 7, 2024 at approximately 7:00 a.m. ET. The company will also host a conference call and webcast at 10:00 a.m. ET on the same day. Interested parties can view the events live on Sealed Air's Investors homepage at www.sealedair.com/investors.
Sealed Air (NYSE: SEE) has appointed Anthony (Tony) Allott to its Board of Directors. Allott brings extensive packaging sector experience, having served as CEO and President of Silgan Holdings Inc. for 16 years. He continues to serve as Chairperson of Silgan's board in a non-executive capacity.
Allott's background includes roles as Executive VP and CFO at Silgan, Senior VP and CFO at Applied Extrusion Technologies, and starting his career as a CPA with Deloitte. He holds a Bachelor of Science in business administration from Boston University and is a co-founder and partner of Waypoint Investors,
Henry Keizer, Sealed Air's Board Chairman, expressed enthusiasm about leveraging Allott's experience in managing diversified packaging portfolios to accelerate the company's transformation. Allott stated he is honored to join the board and looks forward to helping the company achieve long-term profitable growth.
SEE Australia has been awarded the 2024 Worldstar Global Packaging GOLD Award for sustainability for their CRYOVAC® brand Darfresh® Rollstock. This achievement highlights SEE's partnership with JBS Australia, focusing on reducing packaging usage and developing recyclable alternatives without compromising performance.
SEE (NYSE:SEE) is a global leader in packaging solutions, integrating sustainable materials, automation, and services. The company serves various markets, including fresh foods, e-commerce, and industrials. With recognized brands like CRYOVAC®, LIQUIBOX®, and BUBBLE WRAP®, SEE generated $5.5 billion in sales in 2023 and employs approximately 17,000 people across 115 countries.
Sealed Air (NYSE: SEE) is partnering with Best Buy (NYSE: BBY) to introduce packaging solutions that increase the use of recycled content in shipping materials. The collaboration aims to support the circular economy and reduce virgin plastic usage. Sealed Air's offerings include:
1. BUBBLE WRAP® High Recycled Content Bubble Cushioning (90% recycled plastic)
2. BUBBLE WRAP® Recycled Content Inflatable Air Pillows (50% recycled plastic)
3. BUBBLE WRAP® Paper Bubble Mailers (38% recycled paper content)
These products are How2Recycle (H2R) label approved. Sealed Air is also assisting Best Buy in collecting and recycling plastic waste from distribution centers, furthering their commitment to sustainability and waste reduction.
Sealed Air (NYSE: SEE) has announced its participation in the upcoming 2024 Jefferies Industrials Conference on September 4, 2024, in New York, NY. The event will feature a fireside chat at 8:40 am ET with Patrick Kivits, CEO, and Dustin Semach, President and CFO. Interested parties can view the live webcast of the presentation on Sealed Air's Investors homepage at www.sealedair.com/investors. This event provides an opportunity for investors and analysts to gain insights into Sealed Air's business strategies and financial outlook directly from the company's top executives.
Sealed Air reported Q2 2024 financial results.
CEO Patrick Kivits and CFO Dustin Semach highlighted volume growth in Food and ongoing challenges in Protective.
Key Financial Metrics:
- Net sales: $1.35B, down 2.6% YoY.
- Net earnings: $97.8M, up 4.2% YoY.
- Adjusted EBITDA: $285.5M, up 1.9% YoY.
- Adjusted Diluted EPS: $0.83, up 3.7% YoY.
- Strong cash flow from operations: $313.3M YTD.
Despite Food business growth, Protective is expected to face weakness into 2025. The CTO2Grow program aims for $90M in cost savings for 2024. The company continues to reduce debt, with net debt at $4.2B as of June 30, 2024.
SEE (NYSE: SEE) has announced a quarterly cash dividend of $0.20 per common share. The dividend will be payable on September 27, 2024 to stockholders of record at the close of business on September 13, 2024. This declaration by the Board of Directors demonstrates SEE's commitment to returning value to shareholders through regular dividend payments.
SEE has introduced multiple new sustainable packaging solutions aimed at reducing environmental impact while maintaining product integrity. These include CRYOVAC® brand recycle-ready barrier display films, which offer a 90% reduction in plastic weight and compatibility with LDPE recycling streams. The CRYOVAC® brand Darfresh® Systems reduce plastic usage by 25% and secondary packaging waste by 40%. The CRYOVAC® brand OptiDure Gen 2 barrier bag is thinner and extends product shelf life by 30%. Liquibox® VINIflow® taps and urn-liners use significantly less plastic and are designed for recyclability. The TempGuard gusseted bag helps avoid over 154 metric tons of landfill plastic waste. SEE is also converting ocean-bound plastic into packaging, maintaining performance standards. Finally, the Korrvu® digital manufacturing process and Recycle-Ready Mail Lite® cushioned paper mailers further reduce material use and improve recycling ease.
SEE (NYSE: SEE) announced it will release its second quarter 2024 results on Thursday, August 8, 2024, at approximately 7:00 a.m. (ET). The company will also host a conference call and webcast at 10:00 a.m. (ET) to discuss the results. The event will be available live on SEE's Investors homepage.
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