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.
Sealed Air Corporation (NYSE: SEE) is a global leader in packaging solutions, committed to creating a world that feels, tastes, and works better through innovation and sustainability. In 2023, the company generated $5.5 billion in sales, supported by approximately 17,000 employees serving customers in 115 countries.
Sealed Air’s operations are segmented into two main categories: Food Care and Product Care. The Food Care division offers food packaging products under brands like Cryovac®, Darfresh®, and OptiDure™, primarily targeting meat products. The Product Care division includes iconic brands such as Bubble Wrap®, Instapak®, Jiffy® mailers, and shrink film packaging systems designed for industrial and e-commerce applications.
The company’s portfolio of renowned brands ensures a safer, less wasteful food supply chain, protects valuable goods during global shipments, and enhances health through improved hygiene solutions. In recent years, Sealed Air has made significant strides in sustainability, achieving net sales of $1.33 billion in Q1 2024, and focusing on eco-friendly initiatives through the SEE Impact Report 2022.
Sealed Air is dedicated to sustainability, integrating automation, digital, and sustainable packaging solutions to help customers achieve their environmental goals. It pursues scalable solutions to promote circularity, prevent waste, and reduce reliance on natural resources. Collaborations and innovative technologies keep Sealed Air at the forefront of the packaging industry, ensuring high performance and sustainable growth.
For more information, visit www.sealedair.com.
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.
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.
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