Sealed Air Cp Stock Price, News & Analysis

Sealed Air Corporation (NYSE: SEE) will present at the Citi 2021 Global Industrials Virtual Conference on February 16, 2021, at 10:30 a.m. ET. The executive team, including President and CEO Ted Doheny and CFO Designate Chris Stephens, will discuss the company’s Reinvent SEE transformation strategy, emphasizing automation, digital, and sustainability. Sealed Air aims to protect and improve global packaging challenges through brands like CRYOVAC, SEALED AIR, and BUBBLE WRAP. The event will be available live on their investors page.

Sealed Air Corporation (NYSE: SEE) has declared a quarterly cash dividend of $0.16 per common share, payable on March 19, 2021 to stockholders of record as of March 5, 2021. In 2020, the company generated $4.9 billion in sales and employs around 16,500 people across 115 countries. Sealed Air focuses on sustainable packaging solutions to enhance the efficiency of the global food supply chain and provide innovative packaging systems.

Sealed Air Corporation (SEE) announced its Q4 and full-year 2020 financial results, achieving a 9% growth in Adjusted EBITDA and over 50% free cash flow conversion. In Q4, net sales reached $1.3 billion, a 3% increase year-over-year, with net earnings of $138 million, or $0.88 per diluted share. Despite challenges, the company expects continued growth in 2021, forecasting sales of $5.1 billion to $5.2 billion and Adjusted EBITDA between $1.10 billion and $1.13 billion. The company emphasizes its focus on automation, sustainability, and adapting to market demands.

Sealed Air Corporation (NYSE: SEE) is enhancing its role in the COVID-19 response by providing essential packaging solutions such as automated systems for medical equipment and temperature assurance materials for vaccine distribution. The launch of TemPreserve KF, a customizable thermal polyurethane packaging, aims to reduce costs while bolstering sustainability. With over 30 years of experience in health care packaging, Sealed Air operates ISTA-certified labs globally, ensuring effective logistics for temperature-sensitive items. The company generated $4.8 billion in sales in 2019 and continues to support a safer supply chain amidst the pandemic.

Sealed Air Corporation (NYSE: SEE) will announce its fourth quarter and full year 2020 results, along with its 2021 outlook, on February 9, 2021, at 7:00 a.m. (ET). A conference call is scheduled for 10:00 a.m. (ET) featuring CEO Ted Doheny and CFO Jim Sullivan, with a live webcast accessible on the company's Investors homepage. Sealed Air, known for its CRYOVAC® and BUBBLE WRAP® brands, achieved $4.8 billion in sales in 2019 and employs around 16,500 people worldwide.

Sealed Air Corporation (NYSE: SEE) announced the appointment of Christopher J. Stephens as the chief financial officer designate, effective January 1, 2021. He succeeds James M. Sullivan, who has held the position since June 2019. Stephens brings over 30 years of experience, most recently serving as SVP and CFO at Barnes Group. This transition aims to support Sealed Air's business transformation and sustainable growth initiatives. Sullivan will remain in a non-executive advisory role until the end of Q1 2021 to ensure a smooth transition.

Sealed Air Corporation (NYSE: SEE) announced its participation in the Baird 2020 Global Industrials Conference on November 11, 2020, where executives will discuss the company's "Reinvent SEE" strategy, emphasizing automated systems, services, and sustainable materials. The event will feature a virtual fireside chat with CEO Ted Doheny and CFO Jim Sullivan at 10:50 a.m. ET. Interested investors can view the event live on Sealed Air’s Investors homepage.

Sealed Air Corporation (NYSE: SEE) announced the retirement of Karl Deily, SVP and Chief Commercial Officer, effective April 2, 2021. He will transition to an advisory role at year-end. CEO Ted Doheny praised Deily's 40 years of service, noting his impact on the company's growth. Effective January 1, 2021, Sealed Air's regional leaders will join the executive team and report to Doheny. The appointments aim to accelerate the company's transformation towards sustainability and digital growth, as well as reinforce its leadership structure.

Sealed Air Corporation (NYSE: SEE) reported its third-quarter 2020 financial results, showing a net sales increase of 2% to $1.2 billion year-over-year. Key highlights include a 9% rise in Protective net sales to $533 million, offset by a 3% decline in Food net sales to $705 million. Adjusted EBITDA improved to $259 million, 21% of net sales, boosted by acquisitions and operational initiatives. The company raised its full-year guidance for sales and earnings, now forecasting $4.85 billion in sales and $3.05 EPS. Cash flow from operations rose to $410 million, with reduced net debt of $3.4 billion.