Sealed Air Corporation news covers a packaging company whose solutions combine materials, automation, equipment and services. The company designs and manufactures packaging used to preserve food, protect goods and automate packaging processes across end markets including fresh proteins, foods, liquids, medical and life science, e-commerce, logistics, fulfillment and industrial applications.
Recurring coverage includes operating and financial results, dividend actions, material agreements, shareholder voting matters, capital-structure updates and corporate-status developments. Product and brand updates center on CRYOVAC food packaging, LIQUIBOX liquids systems, SEALED AIR protective packaging, AUTOBAG automated packaging systems and BUBBLE WRAP packaging. In 2026, company disclosures also documented the completed merger that made Sealed Air a wholly owned subsidiary and ended its NYSE-listed public-company status.
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.
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.