Sealed Air

Sealed Air Corp. engages in the provision of food safety and security, facility hygiene, and product protection services. It operates through the Food segment and Protective segments. The Food segment services perishable food processors in fresh red meat, smoked and processed meat, poultry, seafood, plant-based, and dairy markets. The Protective segment offers packaging solutions that are utilized across global markets and are valuable to e-Commerce, consumer goods, pharmaceutical and medical devices, and industrial manufacturing. The company was founded by Alfred W. Fielding and Marc Chavannes in 1960 and is headquartered in Charlotte, NC.

Earnings data Q1 2021

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Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Sealed Air reports mixed Q4 results, eyes growth with Liquibox

Sealed Air (SEE) navigated challenges in Q4 with a focus on automation and digital solutions for growth.
Strong performance in automation sales and the Liquibox acquisition position the company for significant sales growth.
While facing challenges in certain segments, SEE is optimistic about opportunities for growth and margin improvement.
Confidence in achieving 2023 guidance, driven by digital initiatives, cost management, and strategic acquisitions.

Sealed Air (SEE) reports Q1 decline, eyes online growth

Sealed Air (SEE) faces challenges from inflation and material availability but is strategically positioned for growth through online sales and acquisitions.
The company's focus on automation and customer-first solutions presents opportunities for driving growth and addressing customer needs.
Despite Q1 performance challenges, Sealed Air remains optimistic about future growth opportunities and cost efficiencies.
Analysts' questions highlighted concerns around volume trends, recession impact, and margin performance, indicating areas for further improvement.

Sealed Air reports Q2 results, focuses on growth and challenges

Sealed Air's Q2 2023 earnings call highlighted a mixed performance with declines in some segments but growth in others. The company is focused on driving growth through automation, digital solutions, and sustainability initiatives.
Challenges include volume dynamics, operational issues in Liquibox, and the need to restore earnings. Sealed Air is optimistic about future opportunities and remains committed to its growth and cost-saving strategies.
The company's emphasis on growth pillars, cost savings, and operational improvements underscores its strategic direction. Sealed Air's performance in Q2 reflects a balancing act between challenges and opportunities in the packaging solutions market.

SEE reports Q3 challenges, emphasizes cost efficiency, and eyes opportunities

SEE's Q3 performance reflects challenges in end markets and pricing pressures, with a focus on cost efficiency and shareholder value. The company is confident in its competitive advantage in the Food segment and is optimistic about future opportunities. Challenges include pricing pressures, cost reduction, and limited visibility for 2024, while opportunities lie in broadening the scope of the rollstock business and addressing challenges in the Food segment.

Sealed Air (SEE) exceeds 2023 guidance, focuses on innovation and sustainability

Sealed Air (SEE) delivered solid financial performance in Q4 2023 and exceeded full-year guidance. Focus on innovation, sustainability, and cost reduction initiatives to drive future growth. Challenges in volume declines and market pressures addressed with strategic initiatives and market relevance.

Sealed Air (SEE) reports strong Q1 performance amidst pricing challenges

Sealed Air's Q1 2024 earnings call showcased a strong performance with solid financial results and a focus on cost-saving initiatives. The company faces challenges in pricing and volume declines in the Protective segment but is actively addressing them. Opportunities in market trends and growth segments like Fluids and sustainability initiatives provide a positive outlook for the future.

Sealed Air reports Q3 results, reorganizes for growth and resilience

Sealed Air's Q3 performance reflects mixed results across segments, with a positive outlook for Q4 and raised guidance for EPS and free cash flow.
The company's strategic reorganization, new leadership, and focus on operational efficiency position it for future growth.
Challenges like soft volumes and external disruptions require proactive management to sustain momentum and profitability.
Opportunities in innovation, cost optimization, and leveraging the vertical structure can drive long-term value creation.

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Sealed Air Corp. engages in the provision of food safety and security, facility hygiene, and product protection services. It operates through the Food and Protective segments. The Food segment services perishable food processors in fresh red meat, smoked and processed meat, poultry, seafood, plant-based, and dairy markets. The Protective segment offers packaging solutions that are utilized across global markets and are valuable to e-Commerce, consumer goods, pharmaceutical and medical devices, and industrial manufacturing. The company was founded by Alfred W. Fielding and Marc Chavannes in 1960 and is headquartered in Charlotte, NC.

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3 Packaging Stocks to Keep an Eye on Despite Industry Challenges

CHARLOTTE, N.C. , Nov. 8, 2024 /PRNewswire/ -- Sealed Air Corporation (NYSE: SEE) will participate in the following event: Baird 2024 Global Industrial Conference – November 12, 2024, Chicago, IL              8:30 a.m.

Sealed Air Upcoming Event with the Financial Community

Sealed Air Corporation (NYSE:SEE ) Q3 2024 Earnings Conference Call November 7, 2024 10:00 AM ET Company Participants Brian Sullivan - Investor Relations Patrick Kivits - Chief Executive Officer Dustin Semach - President & Chief Financial Officer Conference Call Participants George Staphos - Bank of America Securities Anthony Pettinari - Citi Ghansham Panjabi - Baird Stefan Diaz - Morgan Stanley Josh Spector - UBS Mike Roxland - Truist Securities Edlain Rodriguez - Mizuho Gabe Hajde - Wells Fargo Securities Phil Ng - Jefferies Matt Roberts - Raymond James Operator Good day and thank you for standing by. Welcome to the Q3 2024 Sealed Air Earnings Conference Call.

Sealed Air Corporation (SEE) Q3 2024 Earnings Call Transcript

SEE's Q3 earnings reflect benefits from the cost take-out program and higher volumes in the Food segment, offset by a weaker performance at Protective.

Sealed Air's Earnings Surpass Estimates in Q3, Increase Y/Y

Although the revenue and EPS for Sealed Air (SEE) give a sense of how its business performed in the quarter ended September 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Sealed Air (SEE) Reports Q3 Earnings: What Key Metrics Have to Say

Sealed Air (SEE) came out with quarterly earnings of $0.79 per share, beating the Zacks Consensus Estimate of $0.66 per share. This compares to earnings of $0.77 per share a year ago.

Sealed Air (SEE) Surpasses Q3 Earnings and Revenue Estimates

Third Quarter 2024 Highlights and Financial Results Shifted operating structure into two distinct verticals, Food and Protective, and announced both vertical presidents with strong commercial packaging expertise Volume growth in Food driven by strong end-market demand and competitive wins Protective industrial and fulfillment portfolios continue to be weak Cost take-out on track to generate $90 million of incremental cost savings for full-year 2024 Net leverage ratio reduced to 3.7x with maintained focus on deleveraging the balance sheet Updating our financial outlook for 2024 CHARLOTTE, N.C. , Nov. 7, 2024 /PRNewswire/ -- Sealed Air Corporation (NYSE: SEE) announced third quarter 2024 financial results and business updates.

Sealed Air Reports Q3 2024 Results

SEE's Q3 results are likely to reflect the impacts of lower volumes, owing to recessionary pressures, offset by growth initiatives.

Will Protective Segment's Low Volumes Impact Sealed Air's Q3 Earnings?

Besides Wall Street's top -and-bottom-line estimates for Sealed Air (SEE), review projections for some of its key metrics to gain a deeper understanding of how the company might have fared during the quarter ended September 2024.

Ahead of Sealed Air (SEE) Q3 Earnings: Get Ready With Wall Street Estimates for Key Metrics

CHARLOTTE, N.C. , Oct. 17, 2024 /PRNewswire/ -- Sealed Air (NYSE: SEE) announced today that its Board of Directors has declared a quarterly cash dividend of $0.20 per common share.

Sealed Air Declares Quarterly Cash Dividend

CHARLOTTE, N.C., Oct. 8, 2024 /PRNewswire/ -- Sealed Air (NYSE: SEE) announced today that it will release its third quarter 2024 results at approximately 7:00 a.m.

Sealed Air to Hold Conference Call to Discuss Third Quarter 2024 Results

CHARLOTTE, N.C., Oct. 1, 2024 /PRNewswire/ -- Sealed Air Corporation (NYSE: SEE) today announced the appointment of Anthony (Tony) Allott to its Board of Directors.

Sealed Air Appoints Anthony Allott to Board of Directors

Best Buy

Converting to Sealed Air helps company use more recycled content in packaging materials CHARLOTTE, N.C. , Sept. 4, 2024 /PRNewswire/ -- Sealed Air (NYSE: SEE) is helping Best Buy (NYSE: BBY) through the introduction of packaging solutions that allow the company to use more recycled packaging content for shipping Best Buy products to consumers across North America.

Sealed Air Provides Packaging Solutions for Best Buy

Sealed Air Corporation shares have lost value over the past year due to a weak financial performance amidst high leverage ratios. The company's guidance for 2024 is uninspiring, with sales and earnings expected to decline, leading to a tough outlook for the future, as weakness is seen into 2025. Despite low earnings multiples, Sealed Air's uneven track record, leverage employed, and ongoing business challenges make it a risky investment choice.

Sealed Air Corporation: Still Breathing For Air

Sealed Air Corporation (NYSE:SEE ) Q2 2024 Earnings Call Transcript August 8, 2024 10:00 AM ET Company Participants Brian Sullivan - IR Henry Keizer - Chairman Patrick Kivits - CEO Dustin Semach - President and CFO Conference Call Participants Ghansham Panjabi - Baird Adam Samuelson - Goldman Sachs George Staphos - Bank of America Securities Josh Spector - UBS Arun Viswanathan - RBC Capital Markets Michael Roxland - Truist Securities Bryan Burgmeier - Citi Philip Ng - Jefferies Edlain Rodriguez - Mizuho Matt Roberts - Raymond James Operator Good day, and thank you for standing by. Welcome to the Q2 2024 Sealed Air Earnings Conference Call.

Sealed Air Corporation (SEE) Q2 2024 Earnings Call Transcript

Sealed Air (SEE) witnesses a year-over-year improvement in its Q2 bottom line on benefits from the CTO2Grow Program and higher volumes in the Food segment.

Sealed Air (SEE) Q2 Earnings Surpass Estimates, Increase Y/Y

While the top- and bottom-line numbers for Sealed Air (SEE) give a sense of how the business performed in the quarter ended June 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Compared to Estimates, Sealed Air (SEE) Q2 Earnings: A Look at Key Metrics

Sealed Air (SEE) came out with quarterly earnings of $0.83 per share, beating the Zacks Consensus Estimate of $0.64 per share. This compares to earnings of $0.80 per share a year ago.

Sealed Air (SEE) Beats Q2 Earnings and Revenue Estimates

Second Quarter 2024 Highlights and Financial Results Patrick Kivits joined Sealed Air as Chief Executive Officer Dustin Semach promoted to President and Chief Financial Officer Volume growth in Food driven by strong end-market demand Protective volume weakness now expected to persist throughout 2024 into 2025 CTO2Grow on track to generate $90 million of incremental cost savings for full-year 2024 Strong generation of cash flow from operations and continued debt reduction ($ millions, except per share data)  GAAP Results Second Quarter 2024 2023 Reported △% Constant Currency △% Net Sales $1,345.1 $1,380.8 (2.6) % (1.7) % Net Earnings $97.8 $93.9 4.2 % Diluted EPS $0.67 $0.65 3.1 % Cash Flow from Operations (YTD) $313.3 $(6.6) Non-GAAP Results Second Quarter 2024 2023 Reported △% Adjusted EBITDA $285.5 $280.3 1.9 % Adjusted Net Earnings $120.7 $115.5 4.5 % Adjusted Diluted EPS $0.83 $0.80 3.7 % Free Cash Flow (YTD) $207.5    $44.7(1) ____________________ (1) 2023 excludes the impact of a $175 million tax deposit to resolve certain U.S. tax matters. Unless otherwise stated, all results compare second quarter 2024 results to second quarter 2023 results from continuing operations.

Sealed Air Reports Q2 2024 Results

Sealed Air's (SEE) Q2 results are likely to reflect the impacts of lower volumes, owing to recessionary pressures, offset by strategic initiatives.

Will Lower Volumes Impact Sealed Air's (SEE) Q2 Earnings?

Evaluate the expected performance of Sealed Air (SEE) for the quarter ended June 2024, looking beyond the conventional Wall Street top-and-bottom-line estimates and examining some of its key metrics for better insight.

Gear Up for Sealed Air (SEE) Q2 Earnings: Wall Street Estimates for Key Metrics

CHARLOTTE, N.C. , July 23, 2024 /PRNewswire/ -- SEE (NYSE: SEE) announced today that its Board of Directors has declared a quarterly cash dividend of $0.20 per common share.

SEE Declares Quarterly Cash Dividend

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This Sealed Air Analyst Is No Longer Bullish; Here Are Top 5 Downgrades For Friday

CHARLOTTE, N.C. , July 1, 2024 /PRNewswire/ -- SEE (NYSE: SEE) announced today that it will release its second quarter 2024 results at approximately 7:00 a.m.

SEE to Hold Conference Call to Discuss Second Quarter 2024 Results

CHARLOTTE, N.C., June 28, 2024 /PRNewswire/ -- Sealed Air Corporation ("SEE") (NYSE: SEE) today announced, together with Sealed Air Corporation (US) (together with SEE, the "Issuers"), the closing of their previously announced offering of $400 million aggregate principal amount of 6.500% senior notes due 2032 (the "Notes").

News for Sealed Air Stock (SEE)