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 (NYSE: SEE) has announced it will release its first quarter 2025 financial results on Tuesday, May 6, 2025, at approximately 7:00 a.m. EDT. The company will follow this with a conference call and webcast at 10:00 a.m. EDT on the same day. Investors and interested parties can access the live webcast through Sealed Air's Investors homepage at ir.sealedair.com.
Sealed Air (NYSE: SEE) has announced its leadership team's participation in two major financial conferences. Dustin Semach, President and CEO, along with Roni Johnson, Interim CFO, will attend:
- The Bank of America 2025 Global Agriculture and Materials Conference in Fort Lauderdale, FL on February 27, 2025, with a fireside chat scheduled for 3:30 p.m. EST
- The Raymond James 46th Annual Institutional Investors Conference in Orlando, FL on March 4, 2025, featuring a fireside chat at 9:50 a.m. EST
Sealed Air (NYSE: SEE) reported its Q4 and full year 2024 results, highlighting significant developments and financial outcomes.
Key Highlights:
- Dustin Semach promoted to CEO.
- Completed reorganization into two market-focused businesses: Food and Protective.
- Food segment saw a 3% increase in Q4 sales, while Protective segment declined by 7%.
- Net sales for Q4 were $1.37 billion, flat compared to Q4 2023.
- Net loss for Q4 was less than $1 million, compared to net earnings of $125 million in Q4 2023.
- Adjusted EPS for Q4 decreased to $0.75 from $0.88 in the prior year.
- Adjusted EBITDA for Q4 was $271 million, down from $274 million in the prior year.
- Full year 2024 net sales were $5.39 billion, a 2% decrease from 2023.
- Full year net earnings were $270 million, down from $339 million in 2023.
- Adjusted EPS for the full year decreased to $3.14 from $3.18 in the prior year.
- Adjusted EBITDA for the full year was $1.11 billion, slightly up from $1.11 billion in 2023.
- Generated $89 million in cost savings for 2024.
- Net leverage ratio reduced to 3.6x.
- Provided a positive outlook for 2025, targeting growth and margin expansion.
Sealed Air will host a conference call on February 25, 2025, to discuss these results.
Sealed Air (NYSE: SEE) has announced that its Board of Directors has declared a quarterly cash dividend of $0.20 per common share. The dividend will be paid on March 28, 2025, to stockholders who are on record at the close of business on March 14, 2025.
Sealed Air (NYSE: SEE) announced significant leadership changes, with Dustin Semach appointed as President and CEO, effective immediately. Semach, who previously served as President and CFO, replaces Patrick Kivits, who has stepped down from his positions as CEO and board member. Veronika "Roni" Johnson, the current Chief Accounting Officer, has been appointed Interim CFO while the company conducts an internal and external search for a permanent CFO.
Board Chairman Henry Keizer emphasized the company's focus on rebuilding its foundation through market-based business realignment and cost structure optimization. The company has recently transformed into two market-focused segments: Food and Protective. Sealed Air reaffirmed its full year 2024 financial guidance as previously announced on November 7, 2024, with fourth quarter and full year results to be reported on February 25, 2025.
Sealed Air (NYSE: SEE) has announced it will release its fourth quarter and full year 2024 results, along with its 2025 outlook, on Tuesday, February 25, 2025, at approximately 7:00 a.m. EST. The company will host a conference call and webcast at 10:00 a.m. EST on the same day. Investors can access the webcast through Sealed Air's Investors homepage.
Sealed Air (NYSE: SEE) announced its participation in the Baird 2024 Global Industrial Conference on November 12, 2024, in Chicago, IL. The event will feature a fireside chat with Dustin Semach, the President and CFO of Sealed Air, scheduled at 8:30 a.m. C.T.
Sealed Air (NYSE: SEE) reported Q3 2024 net sales of $1.35 billion, down 2.7% year-over-year. The company restructured into two verticals: Food and Protective. Food segment showed growth with net sales of $898 million (up 1%), while the Protective segment declined to $447 million (down 8%). Net earnings reached $89 million, or $0.61 per diluted share, up from $58 million ($0.40/share) last year. Adjusted EBITDA was $276 million, representing 20.5% of net sales. The company's net leverage ratio improved to 3.7x, and they updated their 2024 outlook with net sales guidance of $5.375-$5.425 billion.
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.