Welcome to our dedicated page for Sealed Air news (Ticker: SEE), a resource for investors and traders seeking the latest updates and insights on Sealed Air 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.
On November 1, 2022, Olympus Partners announced the sale of Liquibox to Sealed Air Corporation (NYSE: SEE). Liquibox specializes in sustainable liquid packaging solutions, serving markets such as food, beverage, and healthcare. Under Olympus' ownership, Liquibox saw substantial growth and opened a new facility in Madrid, employing approximately 1,300 people globally. The leadership of both companies expressed optimism about the strategic advantages this acquisition brings, emphasizing mutual benefits for the organizations involved.
Sealed Air (NYSE: SEE) has announced its acquisition of Liquibox for
SEE reported Q3 2022 net sales of $1.4 billion, flat year-over-year but up 5% on a constant currency basis. Net earnings rose 23% to $133 million, with diluted EPS increasing 28% to $0.91. Adjusted EBITDA reached $293 million, up 8%, reflecting solid price realization despite volume declines. Cash flow from operations fell 15% to $321 million. The company revised its full-year outlook, expecting net sales of $5.65 to $5.75 billion, down from a previous estimate. SEE continues to invest heavily in growth with a 19% increase in capital expenditures, totaling $184 million.
Sealed Air (NYSE: SEE) has declared a quarterly cash dividend of $0.20 per common share, payable on December 16, 2022, to stockholders of record by December 2, 2022. The company, known for its packaging solutions, generated $5.5 billion in sales in 2021 and employs about 16,500 individuals worldwide. Sealed Air aims to enhance sustainability by pledging to make all packaging recyclable or reusable by 2025 and achieving net-zero carbon emissions in its operations by 2040.
OSARO has partnered with Sealed Air (NYSE: SEE) to showcase their automated bagging solutions at PACK EXPO International from October 23-26 in Chicago. Their joint demonstration emphasizes high-speed, AI-driven robotic systems that enhance fulfillment operations amidst labor shortages. This ‘drop-in’ upgrade integrates seamlessly into existing logistics for efficient order fulfillment. Sealed Air aims to address sustainability and operational efficiency through automation, reinforcing its commitment to a digitally driven future.
SEE (NYSE: SEE) announced the retirement of Christopher J. Stephens, Senior Vice President and Chief Financial Officer. He will remain until a successor is appointed to ensure a smooth transition. The company is working with an executive search firm to identify candidates. SEE's CEO, Ted Doheny, acknowledged Stephens' crucial role in the company's operational transformation. In 2021, SEE generated $5.5 billion in sales and employs approximately 16,500 people globally, serving customers in 114 countries.
Sealed Air Corporation (NYSE: SEE) will announce its third quarter 2022 results on November 1, 2022, at 7:00 a.m. (ET). A conference call led by President and CEO Ted Doheny and CFO Chris Stephens will follow at 10:00 a.m. (ET). Investors can join the live webcast on Sealed Air's Investors homepage. In 2021, the company reported sales of
SEE (NYSE: SEE) has extended President and CEO Ted Doheny's contract through December 31, 2027. Under his leadership since 2018, SEE has achieved a 6% CAGR in revenue, reaching $5.8 billion, and a 20% CAGR in Adjusted EPS, now at $4.10 per share. Doheny emphasized a commitment to digital transformation and sustainability, which includes a pledge for 100% recyclable packaging by 2025 and net-zero carbon emissions by 2040. SEE operates globally with around 16,500 employees, promoting a resilient and sustainable packaging industry.
Sealed Air (NYSE: SEE) has announced a $9 million investment in a solar farm to power its Madera, California manufacturing facility, projected to save $1 million annually on energy costs. This 3.5-megawatt solar project features 8,975 panels and a battery storage system, enabling the plant to run on 98% solar energy. The initiative is part of SEE's sustainability strategy to achieve net-zero carbon emissions by 2040, with the project expected to reduce carbon emissions by nearly 72,172 metric tons over 15 years.
Sealed Air (NYSE: SEE) has declared a quarterly cash dividend of $0.20 per common share, scheduled for payment on September 23, 2022, to stockholders of record by September 9, 2022. The company reported $5.5 billion in sales for 2021 and employs approximately 16,500 people globally. Sealed Air focuses on sustainable packaging solutions to enhance the food supply chain and protect transported goods. Notably, it has committed to making 100% of its packaging recyclable or reusable by 2025.
FAQ
What is the current stock price of Sealed Air (SEE)?
What is the market cap of Sealed Air (SEE)?
What does Sealed Air Corporation specialize in?
What are some of Sealed Air's notable brands?
How does Sealed Air contribute to sustainability?
What were Sealed Air's financial results for Q1 2024?
What are the two main business segments of Sealed Air?
How many employees does Sealed Air have?
What are some of Sealed Air's recent innovations?
Where can investors find more information about Sealed Air?
What is the SEE Impact Report?
How does Sealed Air support the food industry?
