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.
Sealed Air Corporation (NYSE: SEE) has priced its offering of 5.000% senior notes due 2029, with net proceeds of approximately $421 million expected after fees. The funds will be used to repurchase existing 5.25% senior notes due 2023 and for general corporate purposes. The offering is targeted to close on April 19, 2022, subject to conditions. The notes are available only to qualified institutional buyers and non-U.S. persons under specific regulations. This offering aims to enhance Sealed Air's financial position amidst ongoing global market challenges.
Sealed Air Corporation (NYSE: SEE) has initiated a cash tender offer for its outstanding 5.25% Senior Notes due 2023, totaling approximately $425 million. Alongside the offer, the company is soliciting consents to amend the indenture governing these notes, aiming to remove certain restrictive covenants and events of default. The tender offer will expire on May 2, 2022, with early tender deadlines set for April 18, 2022. Holders who participate will be eligible for certain payments, subject to terms outlined in the Offer to Purchase.
Sealed Air Corporation (NYSE: SEE) has initiated an offering of senior notes due 2029, guaranteed by its current and future wholly owned subsidiaries. The net proceeds from the offering will be used to repurchase existing 5.25% senior notes due 2023 and cover associated costs. The Notes will only be available to qualified institutional buyers and non-U.S. persons. The company aims to address corporate financing needs while ensuring compliance with securities regulations.
Sealed Air (NYSE: SEE) announces the appointment of Elizabeth Adefioye to its Board of Directors, expanding the board to 10 members. Adefioye, currently Chief People Officer at Emerson (NYSE: EMR), brings extensive HR leadership experience from her previous roles at Ingredion, Johnson & Johnson, and Novartis Consumer Health. Her expertise in transforming organizational culture aims to support SEE's commitment to sustainability and a people-first approach. SEE generated $5.5 billion in sales in 2021 and employs approximately 16,500 people globally.
SEE (NYSE: SEE) has declared a quarterly cash dividend of $0.20 per common share, payable on March 25, 2022 to shareholders of record as of March 11, 2022. This reflects the company's ongoing commitment to return value to its shareholders. SEE generated $5.5 billion in sales in 2021 and operates with approximately 16,500 employees across 114 countries, focusing on sustainable packaging solutions that address critical challenges in the food supply chain and e-commerce.
Sealed Air Corporation (NYSE: SEE) will participate in key financial conferences to share insights about its growth strategy, emphasizing automation, digital technologies, and sustainability. The events include the Citi Global Industrial Tech and Mobility Conference on February 23, 2022, and the J.P. Morgan Global High Yield and Leveraged Finance Conference on March 1, 2022. The company generated $5.5 billion in sales in 2021, focusing on creating more sustainable packaging solutions while employing approximately 16,500 individuals across 114 territories.
SEE (NYSE: SEE) reported robust financial results for Q4 and full year 2021, with net sales reaching $1.5 billion in Q4, up 14%, and full-year sales at $5.5 billion, up 13%. Q4 net earnings increased to $169 million, a 23% rise, while adjusted EBITDA reached $330 million, up 18%. Despite a slight decrease in cash flow from operations by 4% to $710 million, the company plans to enhance investments in automation and digital growth. For 2022, SEE projects net sales between $5.8 billion and $6.0 billion, indicating a 5-8% growth, while targeting an adjusted EPS of $3.95 to $4.15.
SEE (NYSE: SEE) announces two senior leadership appointments to enhance digital transformation and growth. Effective February 22, 2022, Jannick Thomsen will become Chief People + Digital Officer, while Emile Chammas takes on the role of Senior Vice President & Chief Operating Officer immediately. These appointments aim to drive a digitally powered business, improving customer service and operational performance. Thomsen, previously from McKinsey & Company, brings expertise in digital transformation. Chammas has been with SEE since 2010, emphasizing automation and sustainability.
Sealed Air (NYSE: SEE) has acquired Foxpak Flexibles Ltd., an Irish company specializing in digital printing on flexible packaging, through its SEE Ventures initiative. This acquisition aims to enhance Sealed Air's digital packaging solutions and drive innovation in smart packaging. Established in 2001, Foxpak serves customers in over 30 countries and has built a reputation for customer-centric solutions.
Details regarding the financial terms of the acquisition were not disclosed, as it is not considered material to Sealed Air’s financial results.
Sealed Air Corporation (NYSE: SEE) will announce its fourth quarter and full year 2021 financial results along with the 2022 outlook on February 17, 2022, at 7:00 a.m. (ET). A conference call led by CEO Ted Doheny and CFO Chris Stephens will follow at 10:00 a.m. (ET). Interested investors can join the webcast on Sealed Air's Investors homepage. The company aims to address packaging challenges and promote sustainability through its automated solutions, including renowned brands like CRYOVAC® and BUBBLE WRAP®.
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