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 declared a quarterly cash dividend of $0.16 per common share, payable on March 19, 2021 to stockholders of record as of March 5, 2021. In 2020, the company generated $4.9 billion in sales and employs around 16,500 people across 115 countries. Sealed Air focuses on sustainable packaging solutions to enhance the efficiency of the global food supply chain and provide innovative packaging systems.
Sealed Air Corporation (SEE) announced its Q4 and full-year 2020 financial results, achieving a 9% growth in Adjusted EBITDA and over 50% free cash flow conversion. In Q4, net sales reached $1.3 billion, a 3% increase year-over-year, with net earnings of $138 million, or $0.88 per diluted share. Despite challenges, the company expects continued growth in 2021, forecasting sales of $5.1 billion to $5.2 billion and Adjusted EBITDA between $1.10 billion and $1.13 billion. The company emphasizes its focus on automation, sustainability, and adapting to market demands.
Sealed Air Corporation (NYSE: SEE) is enhancing its role in the COVID-19 response by providing essential packaging solutions such as automated systems for medical equipment and temperature assurance materials for vaccine distribution. The launch of TemPreserve KF, a customizable thermal polyurethane packaging, aims to reduce costs while bolstering sustainability. With over 30 years of experience in health care packaging, Sealed Air operates ISTA-certified labs globally, ensuring effective logistics for temperature-sensitive items. The company generated $4.8 billion in sales in 2019 and continues to support a safer supply chain amidst the pandemic.
Sealed Air Corporation (NYSE: SEE) will announce its fourth quarter and full year 2020 results, along with its 2021 outlook, on February 9, 2021, at 7:00 a.m. (ET). A conference call is scheduled for 10:00 a.m. (ET) featuring CEO Ted Doheny and CFO Jim Sullivan, with a live webcast accessible on the company's Investors homepage. Sealed Air, known for its CRYOVAC® and BUBBLE WRAP® brands, achieved $4.8 billion in sales in 2019 and employs around 16,500 people worldwide.
Sealed Air Corporation (NYSE: SEE) announced the appointment of Christopher J. Stephens as the chief financial officer designate, effective January 1, 2021. He succeeds James M. Sullivan, who has held the position since June 2019. Stephens brings over 30 years of experience, most recently serving as SVP and CFO at Barnes Group. This transition aims to support Sealed Air's business transformation and sustainable growth initiatives. Sullivan will remain in a non-executive advisory role until the end of Q1 2021 to ensure a smooth transition.
Sealed Air Corporation (NYSE: SEE) announced its participation in the Baird 2020 Global Industrials Conference on November 11, 2020, where executives will discuss the company's "Reinvent SEE" strategy, emphasizing automated systems, services, and sustainable materials. The event will feature a virtual fireside chat with CEO Ted Doheny and CFO Jim Sullivan at 10:50 a.m. ET. Interested investors can view the event live on Sealed Air’s Investors homepage.
Sealed Air Corporation (NYSE: SEE) announced the retirement of Karl Deily, SVP and Chief Commercial Officer, effective April 2, 2021. He will transition to an advisory role at year-end. CEO Ted Doheny praised Deily's 40 years of service, noting his impact on the company's growth. Effective January 1, 2021, Sealed Air's regional leaders will join the executive team and report to Doheny. The appointments aim to accelerate the company's transformation towards sustainability and digital growth, as well as reinforce its leadership structure.
Sealed Air Corporation (NYSE: SEE) reported its third-quarter 2020 financial results, showing a net sales increase of 2% to $1.2 billion year-over-year. Key highlights include a 9% rise in Protective net sales to $533 million, offset by a 3% decline in Food net sales to $705 million. Adjusted EBITDA improved to $259 million, 21% of net sales, boosted by acquisitions and operational initiatives. The company raised its full-year guidance for sales and earnings, now forecasting $4.85 billion in sales and $3.05 EPS. Cash flow from operations rose to $410 million, with reduced net debt of $3.4 billion.
Sealed Air Corporation (NYSE: SEE) has declared a quarterly cash dividend of $0.16 per common share. This dividend will be payable on December 18, 2020, to shareholders on record as of December 4, 2020. Sealed Air is dedicated to providing innovative packaging solutions, generating $4.8 billion in sales in 2019, and employing approximately 16,500 people across 124 countries. The company focuses on protecting goods and enhancing the food supply chain.
Sealed Air (NYSE: SEE) announced a three-year partnership with Gastromotiva, a Brazilian nonprofit focused on social gastronomy to combat hunger and food waste. This collaboration aims to enhance education on sustainable packaging, provide job opportunities for vulnerable populations, and expand Gastromotiva's reach in Brazil and Mexico. Sealed Air's involvement will leverage its expertise in food packaging to tackle global food security challenges, addressing the stark reality that nearly 690 million people are currently hungry, a figure that has risen significantly in recent years.
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