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

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

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.

While the top- and bottom-line numbers for Sealed Air (SEE) give a sense of how the business performed in the quarter ended March 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Sealed Air (SEE) Reports Q1 Earnings: What Key Metrics Have to Say

Sealed Air (SEE) came out with quarterly earnings of $0.74 per share, missing the Zacks Consensus Estimate of $0.77 per share. This compares to earnings of $1.12 per share a year ago.

Sealed Air (SEE) Q1 Earnings and Revenues Lag Estimates

CHARLOTTE, N.C.--(BUSINESS WIRE)--SEE (NYSE: SEE) announced financial results for Q1 2023. “We continue to execute well despite the anticipated challenging first quarter driven by the recessionary environment and continued destocking. I want to thank our global team for their tireless efforts serving our customers and driving our performance during these difficult times. We remain confident in driving growth in the second half of 2023 with the addition of Liquibox, reduced destocking and expect.

SEE Reports Q1 2023 Results

CHARLOTTE, N.C.--(BUSINESS WIRE)--Sealed Air Corporation (NYSE: SEE) today announced it has officially changed its corporate brand to SEE®, taking the next step in reinventing the company. Sealed Air has evolved its corporate and iconic brands to SEE, showcasing a market-driven, customer-first, solutions company. SEE partners with customers to deliver packaging solutions integrating Automation, Digital and Sustainability, creating significant value for their businesses. SEE's growth and earning.

Sealed Air Announces New Corporate Brand SEE®

CHARLOTTE, N.C.--(BUSINESS WIRE)--Sealed Air (NYSE: SEE) and Koenig & Bauer AG (XETRA: SKB) announced they have signed a non-binding letter of intent to expand their strategic partnership for digital printing machines. The partnership aims to significantly improve packaging design capabilities by developing state-of-the art digital printing technology, equipment, and services. Solutions developed by SEE and Koenig & Bauer will scale and deliver digitally printed materials dramatically f.

SEE and Koenig & Bauer Announce Strategic Partnership to Shape the Digital Future of Packaging

Sealed Air's (SEE) Q1 results are likely to bear the brunt of supply-chain issues, lower volumes and elevated costs.

Sealed Air (SEE) to Report Q1 Earnings: What's in Store?

Sealed Air (SEE) benefits from strong demand for automated equipment and sustainable packaging solutions amid headwinds from a decline in volumes and cost pressures.

Sealed Air (SEE) Gains From Solid Demand Despite Cost Headwinds

CHARLOTTE, N.C.--(BUSINESS WIRE)--Sealed Air Corporation (NYSE: SEE) announced today that it will release its first quarter 2023 results at approximately 7:00 a.m. (ET) on Tuesday, May 2, 2023 and will host a conference call and webcast at 10:00 a.m. (ET). Ted Doheny, President and CEO, Dustin Semach, CFO Designate, and Susan Yang, VP SEE Automation Finance Leader and Treasurer will conduct the investor conference call. The conference will be webcast live.

SEE to Hold Conference Call to Discuss First Quarter 2023 Results

CHARLOTTE, N.C.--(BUSINESS WIRE)--SEE (NYSE: SEE) today announced that Dustin Semach will be joining the company as Chief Financial Officer Designate, effective April 17, 2023. He will succeed current CFO Christopher J. Stephens, Jr., who announced his intent to retire last year. To ensure a seamless transition of responsibilities, Chris will retire from the company following the filing of the Company's Quarterly Report on Form 10-Q for the first quarter 2023.

SEE Appoints Dustin Semach as Chief Financial Officer Designate

SEE Upcoming Event with the Financial Community New York City Accelerating to High Quality Growth Company

Sealed Air (SEE) reports a year-over-year decline in Q4 earnings mainly due to weak volumes. For 2023, it expects net sales growth of 4% to 8%.

Sealed Air (SEE) Q4 Earnings Surpass Estimates, Down Y/Y

Sealed Air Corporation (NYSE:SEE ) Q4 2022 Earnings Conference Call February 9, 2023 10:00 AM ET Company Participants Brian Sullivan - Investor Relations Ted Doheny - Chief Executive Officer Emile Chammas - Chief Operating Officer Christopher Stephens - Chief Financial Officer Conference Call Participants Arun Viswanathan - RBC Capital Markets George Staphos - Bank of America Ghansham Panjabi - R.W. Baird Phil Ng - Jefferies Anthony Pettinari - Citi Angel Castillo - Morgan Stanley Adam Josephson - KeyBanc Adam Samuelson - Goldman Sachs Larry De Maria - William Blair Operator Good day and thank you for standing by.

Sealed Air Corporation (SEE) Q4 2022 Earnings Call Transcript

Sealed Air (SEE) delivered earnings and revenue surprises of 1.02% and 3.71%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?

Sealed Air (SEE) Surpasses Q4 Earnings Estimates

CHARLOTTE, N.C.--(BUSINESS WIRE)--SEE (NYSE: SEE) today reported financial results for the fourth quarter and full year 2022 and provided its 2023 outlook. “In 2022, we delivered Adjusted EPS growth of 15% as we are successfully executing on our strategy to become a world-class company partnering with our customers on automation, digital and sustainable packaging solutions.

SEE Reports Q4, Full Year 2022 Results and Provides 2023 Outlook

Sealed Air's (SEE) Q4 results are likely to bear the brunt of supply-chain issues, lower volumes and elevated costs.

Sealed Air (SEE) to Report Q4 Earnings: What's in Store?

Sealed Air (SEE) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Earnings Preview: Sealed Air (SEE) Q4 Earnings Expected to Decline

CHARLOTTE, N.C.--( BUSINESS WIRE )--SEE (NYSE: SEE) announced today that it has completed the previously announced acquisition of Liquibox for a purchase price of $1.15 billion on a cash and debt-free basis.

SEE Completes Acquisition of Liquibox

CHARLOTTE, N.C.--( BUSINESS WIRE )--Sealed Air Corporation (“Sealed Air”) (NYSE: SEE) today announced that the previously announced cash tender offer (the “Tender Offer”) for any and all of its 4.500% senior notes due 2023 (the “Notes”) expired at 5:00 p.m. New York City time, on January 27, 2023 (the "Expiration Date"). According to information provided by Global Bondholder Services Corporation, the Depositary and Information Agent for the Tender Offer, €233,297,000 aggregate principal amount of the Notes, or 58.32% of the aggregate principal amount outstanding, were validly tendered at or prior to the expiration of the Tender Offer and not validly withdrawn. No Notes were tendered pursuant to the guaranteed delivery procedures described in the Offer to Purchase, dated January 17, 2023 (the “Offer to Purchase”). The Tender Offer was made pursuant to the Offer to Purchase and the related Notice of Guaranteed Delivery (together with the Offer to Purchase, the “Offer Documents”). The obligation of Sealed Air to accept the Notes tendered and to pay the consideration for the Notes is subject to satisfaction or waiver of certain conditions, which are more fully described in the Offer to Purchase. On February 1, 2023, which is the expected settlement date (the "Settlement Date") for the Tender Offer, Sealed Air expects to pay for all Notes that have been validly tendered and not validly withdrawn.

SEE Announces Expiration and Results of Offer to Purchase 4.500% Senior Notes due 2023

CHARLOTTE, N.C.--( BUSINESS WIRE )--Sealed Air Corporation (“Sealed Air”) (NYSE: SEE) today announced the total consideration (the “Total Consideration”) relating to its previously announced cash tender offer (the “Tender Offer”) for any and all of its 4.500% senior notes due 2023 (the “Notes”) is €1,005.60 for each €1,000 principal amount of the Notes validly tendered and not validly withdrawn and accepted for purchase pursuant to the Tender Offer. The Total Consideration was determined in the manner described in the Offer to Purchase, dated January 17, 2023 (the “Offer to Purchase”) by reference to a fixed spread of 50 basis points plus the yield to maturity of 2.479% based on the bid-side price of the reference security (2.00% DBR due August 15, 2023), as quoted on the Bloomberg Bond Trader FIT GE0-1 page as of 2:00 p.m., New York City time, today. In addition to the Total Consideration, Sealed Air will also pay accrued and unpaid interest on Notes purchased up to, but not including, February 1, 2023, which is the expected settlement date (the “Settlement Date”) of the Tender Offer. For the avoidance of doubt, accrued interest will cease to accrue on the Settlement Date for all Notes accepted for purchase in the Tender Offer, including Notes tendered pursuant to the guaranteed delivery procedures described in the Offer to Purchase. The Tender Offer was made pursuant to the Offer to Purchase and the related Notice of Guaranteed Delivery (together with the Offer to Purchase, the “Offer Documents”).

SEE Announces the Total Consideration For Its Offer to Purchase 4.500% Notes Due 2023

Shares of Sealed Air Corporation have taken a hit over the past few months, with some weakness showing on the company's top line. Even so, the company's fundamental condition is robust, and the picture has been enhanced by a major acquisition.

Sealed Air Corporation: The Decline Represents A Buying Opportunity

CHARLOTTE, N.C.--( BUSINESS WIRE )--Sealed Air Corporation (“Sealed Air”) (NYSE: SEE) today announced that it has commenced a cash tender offer (the “Tender Offer”) for any and all of its outstanding 4.500% Senior Notes due 2023 (the “Notes”). A comprehensive description of the terms of the Tender Offer is included in Sealed Air's Offer to Purchase, dated January 17, 2023 (the “Offer to Purchase”), and the related Notice of Guaranteed Delivery (the “Notice of Guaranteed Delivery” and, together with the Offer to Purchase, the “Offer Documents”).

SEE Announces Cash Tender Offer For Any and All 4.500% Senior Notes Due 2023

CHARLOTTE, N.C.--( BUSINESS WIRE )--Sealed Air Corporation (NYSE: SEE) announced today it will release its fourth quarter and full year 2022 results and 2023 outlook at approximately 7:00 a.m. (ET) on Thursday, February 9, 2023 and will host a conference call and webcast at 10:00 a.m. (ET).

SEE to Hold Conference Call to Discuss Fourth Quarter and Full Year 2022 Results and 2023 Outlook

Sealed Air (SEE) is investing $8 million in Highcon to create new products for its customers and enable manufacturing efficiencies by leveraging Highcon technology.

Sealed Air (SEE) to Invest in Highcon to Design New Products

$8M investment in Convertible Debt and Purchase of first Highcon Beam 2C YAVNE, Israel and NORTHAMPTON, Mass. , Dec. 6, 2022 /PRNewswire/ -- Highcon (TASE: HICN) today announced a $8M investment by Sealed Air Corporation (NYSE: SEE) in the context of a strategic collaboration between the two companies.

Highcon and SEE announce Strategic Collaboration

Sealed Air (SEE) reported earnings 30 days ago. What's next for the stock?

News for Sealed Air Stock (SEE)