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.
News for Sealed Air Corporation (NYSE: SEE) centers on its role as a global provider of packaging solutions that integrate sustainable, high‑performance materials, automation, equipment and services. Company announcements describe how Sealed Air designs, manufactures and delivers packaging that preserves food, protects goods and automates packaging processes for customers in fresh proteins, foods, fluids and liquids, medical and life science, e‑commerce retail, logistics, omnichannel fulfillment operations and industrial markets.
Visitors to this SEE news page can review company press releases and related coverage about financial results, dividends, strategic transactions and product developments. Recent communications include quarterly and year‑to‑date financial results, where Sealed Air discusses net sales, net earnings, diluted EPS, Adjusted EBITDA, Adjusted EPS, Free Cash Flow and segment performance in its Food and Protective businesses. These releases often highlight factors such as productivity initiatives, cost reductions, pricing and volume trends, and deleveraging efforts.
Corporate news also covers Sealed Air’s pending acquisition by funds affiliated with Clayton, Dubilier & Rice, LLC under an Agreement and Plan of Merger. The company has reported on the signing of the merger agreement, the terms of the cash consideration, the go‑shop period, the subsequent no‑shop provisions and the expected outcome that Sealed Air will become a privately held company and its common stock will be delisted from the New York Stock Exchange if the transaction closes. Additional 8‑K filings and press releases provide updates on related milestones, such as the expiration of the go‑shop period and compensation‑related actions connected to the transaction.
Product and brand‑focused news features developments across Sealed Air’s portfolio, including CRYOVAC brand food packaging and AUTOBAG brand automated packaging systems. Examples include the launch of the AUTOBAG 850HB Hybrid Bagging Machine, an automated system engineered to run both poly and paper mailers, and milestones such as CRYOVAC brand food packaging installing its 4,000th rotary vacuum chamber system. These items illustrate how Sealed Air combines materials, equipment and technical expertise to support food packaging and protective packaging applications.
Investors and observers can use this news feed to follow Sealed Air’s earnings announcements, dividend declarations, merger‑related communications and product updates, all drawn from the company’s own press releases and SEC‑referenced materials.
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.
Sealed Air Corporation (NYSE: SEE) has declared a quarterly cash dividend of $0.16 per common share. This dividend will be payable on December 18, 2020, to shareholders on record as of December 4, 2020. Sealed Air is dedicated to providing innovative packaging solutions, generating $4.8 billion in sales in 2019, and employing approximately 16,500 people across 124 countries. The company focuses on protecting goods and enhancing the food supply chain.
Sealed Air (NYSE: SEE) announced a three-year partnership with Gastromotiva, a Brazilian nonprofit focused on social gastronomy to combat hunger and food waste. This collaboration aims to enhance education on sustainable packaging, provide job opportunities for vulnerable populations, and expand Gastromotiva's reach in Brazil and Mexico. Sealed Air's involvement will leverage its expertise in food packaging to tackle global food security challenges, addressing the stark reality that nearly 690 million people are currently hungry, a figure that has risen significantly in recent years.
Sealed Air Corporation (NYSE:SEE) will announce its third quarter 2020 results on October 28, 2020, at 7:00 a.m. ET. A conference call will follow at 10:00 a.m. ET, led by President and CEO Ted Doheny and CFO Jim Sullivan. The call will be available via live webcast and a replay will be accessible afterward. Sealed Air is recognized for its innovative packaging solutions, generating $4.8 billion in sales in 2019, and operates in 124 countries with around 16,500 employees.
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