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) announced the commencement of an offering of senior secured notes due 2026, guaranteed by its wholly owned domestic subsidiaries. The proceeds will be used to repurchase existing 4.875% senior notes due 2022 and cover related costs. The offering is only available to qualified institutional buyers and non-U.S. persons. Sealed Air aims to enhance its corporate financial structure while furthering its commitment to sustainability, with initiatives aiming for recyclable packaging materials by 2025 and net-zero carbon emissions by 2040.
Sealed Air Corporation (NYSE: SEE) has initiated a cash tender offer for all its outstanding 4.875% Senior Notes due December 1, 2022, totaling
Sealed Air Corporation (NYSE: SEE) will participate in the Morgan Stanley Virtual 9th Annual Laguna Conference on September 13, 2021, at 1:30 p.m. ET. The executive team, including President and CEO Ted Doheny and SVP and CFO Chris Stephens, will outline the Company's SEE Operating Model and growth strategy, emphasizing automation, digital innovation, and sustainability. Sealed Air aims to lead in packaging solutions and has set ambitious sustainability goals, including a pledge for 100% recyclable or reusable packaging by 2025 and a net-zero carbon emissions target by 2040.
SEE (NYSE: SEE) reported a strong Q2 2021, with net sales rising 15% to $1.3 billion driven by a 9% increase in volume. Adjusted EBITDA edged up 1% to $263 million, though it faced inflationary pressures and supply chain challenges. The company raised its 2021 sales and EPS outlook, expecting net sales of $5.4 to $5.5 billion. The dividend was increased by 25%, and a new $1 billion share repurchase program was announced, replacing the previous one. SEE's commitment to automation and sustainability continues to be paramount.
Sealed Air Corporation (SEE) announced the conclusion of an SEC investigation without any enforcement action against the company. This follows settled orders against the former CFO and Ernst & Young LLP regarding their conduct during the audit selection process for the fiscal year 2015. Sealed Air had terminated its former CFO in June 2019 and Ernst & Young in August 2019. The company aims to enhance its sustainability efforts, committing to make all packaging recyclable or reusable by 2025 and achieving net-zero carbon emissions by 2040.
SEE (NYSE: SEE) announced a price increase of 5% to 10% across all products, effective September 15, 2021. This action is in direct response to rising input costs and ongoing inflation. CEO Ted Doheny emphasized the company's commitment to delivering automated and sustainable solutions to enhance productivity. Sealed Air aims for 100% of its packaging to be recyclable or reusable by 2025 and targets net-zero carbon emissions by 2040. In 2020, the company generated $4.9 billion in sales and employs approximately 16,500 people worldwide.
Sealed Air Corporation (NYSE: SEE) has declared a quarterly cash dividend of $0.20 per common share, payable on September 17, 2021 to stockholders of record on September 3, 2021. The company emphasizes its commitment to sustainability, pledging to make all packaging materials recyclable or reusable by 2025 and aiming for net-zero carbon emissions by 2040. Sealed Air generated $4.9 billion in sales in 2020 and employs about 16,500 individuals globally, serving customers in 117 countries.
Sealed Air Corporation (NYSE: SEE) will release its second quarter 2021 results on August 3, 2021, at 7:00 a.m. ET, followed by a conference call at 10:00 a.m. ET. The call will feature President and CEO Ted Doheny and CFO Chris Stephens, available via webcast on the company's investor page. Sealed Air, known for brands like CRYOVAC® and BUBBLE WRAP®, aims to create a sustainable future through its packaging solutions, with commitments to 100% recyclable or reusable packaging by 2025 and net-zero carbon emissions by 2040.
Sealed Air Corporation (NYSE: SEE) is investing over $30 million to expand its global production capacity for Automated Packaging Systems (APS) AUTOBAG® solutions. This initiative includes enhancements at facilities in Ohio, West Virginia, the UK, Philippines, and China, with completion expected in 2021. The company aims to double AUTOBAG® equipment sales in three years, driven by increased e-commerce demand. Additionally, about 80 new jobs will be created to support the expansion, enhancing operational efficiency and safety for various sectors.
Sealed Air Corporation (NYSE: SEE) has announced a 25% increase in its quarterly cash dividend, raising it from $0.16 to $0.20 per common share. The new dividend will be payable on June 18, 2021, to shareholders recorded by June 4, 2021. CEO Ted Doheny stated that the decision reflects the company's confidence in its operational framework, which drives growth and strong cash generation. Sealed Air aims to maintain a balanced approach to returning capital to shareholders while investing in automation, digitalization, and sustainability initiatives.
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