Sealed Air Corp. - SEE STOCK NEWS

SEE (NYSE: SEE) has declared a quarterly cash dividend of $0.20 per common share, payable on June 24, 2022, to stockholders of record by June 10, 2022. In 2021, the company generated $5.5 billion in sales and employs approximately 16,500 people across 114 countries. Furthermore, SEE has committed to making all its packaging materials recyclable or reusable by 2025 and achieving net-zero carbon emissions by 2040.

Sealed Air Corporation (NYSE: SEE) will attend the Goldman Sachs Industrials and Materials Conference on May 10, 2022, in New York. The executive team, including CEO Ted Doheny and COO Emile Chammas, will discuss the company’s growth strategy emphasizing automation, digital technology, and sustainability. SEE aims to develop packaging solutions that enhance global food supply chains and e-commerce operations. The company reported $5.5 billion in sales for 2021 and is committed to achieving net-zero carbon emissions by 2040.

SEE announced Q1 2022 results, reporting net sales of $1.4 billion, up 12%, with net earnings rising 41% to $150 million and EPS increasing 47% to $1.00. Adjusted EBITDA reached $327 million, a 22% increase. However, cash flow from operations fell 39% to $48 million. The company is investing heavily in growth with CapEx up 53%. The full year outlook for net sales is revised to $5.85 billion - $6.05 billion, and Adjusted EPS is expected between $4.05 - $4.20.

Sealed Air (NYSE: SEE) has launched prismiq^™, a new digital packaging brand offering solutions in design services, digital printing, and smart packaging. This initiative aims to enhance customer engagement and sustainability by delivering digital IDs for packages, enabling touchless automation in manufacturing. The company invested around $100 million in digital transformation, including the prismiq^™ 5540, the fastest digital printing system to date. Sealed Air reported $5.5 billion in sales in 2021 and emphasizes a commitment to sustainability.

Sealed Air Corporation (NYSE: SEE) has priced its cash Tender Offer to purchase all outstanding 5.25% Senior Notes due April 2023, totaling $425 million. The Tender Offer includes a Total Consideration of $1,021.61 per $1,000 principal amount, with an Early Tender Deadline set for April 18, 2022, and an expiration on May 2, 2022. The settlement for early tenders is expected on April 20, 2022. This offer aims to improve Sealed Air's capital structure and financial position, enhancing shareholder value.

Sealed Air Corporation (NYSE: SEE) has successfully closed a $425 million offering of 5.000% senior notes due 2029. The notes were sold at their full principal amount and are guaranteed by the company's existing subsidiaries. Proceeds will be utilized to repurchase existing 5.25% senior notes due 2023, cover related expenses, and for general corporate purposes. The offering was made to qualified institutional buyers and non-U.S. persons under Rule 144A and Regulation S of the Securities Act.

Sealed Air Corporation (NYSE:SEE) announced the conclusion of the early tender period for its cash tender offer for 5.25% Senior Notes due 2023 on April 18, 2022. A total of $380.4 million, or 89.51% of the outstanding notes, were validly tendered. The expected settlement date is April 20, 2022. Following the early tender, the company executed a supplemental indenture, eliminating certain restrictive covenants. The final offer period ends on May 2, 2022. Holders are advised to read the offer documents carefully before making decisions regarding the tender offer.

SEE (NYSE: SEE) has partnered with ExxonMobil and Ahold Delhaize USA to launch an innovative recycling initiative targeting flexible plastics from the food supply chain. This pioneering project aims to produce certified circular food-grade packaging, starting this summer. The collaboration seeks to enhance the sustainability of packaging materials and promote a circular economy, keeping plastics out of landfills. The project is expected to validate the economic viability of advanced recycling technology and improve food safety through higher recycling rates.

Sealed Air Corporation (NYSE: SEE) will announce its first quarter 2022 results on May 3, 2022, at 7:00 a.m. ET, followed by a conference call at 10:00 a.m. ET. CEO Ted Doheny and CFO Chris Stephens will lead the call, which will be accessible via the Sealed Air Investors homepage. In 2021, SEE generated $5.5 billion in sales and employs approximately 16,500 people across 114 countries. The company is focused on sustainable packaging solutions and aims for net-zero carbon emissions by 2040.