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Sealed Air Corp  (SEE)
Other Ticker:  
 
 
Price: $34.5700 $-0.19 -0.547%
Day's High: $35.17 Week Perf: -1.31 %
Day's Low: $ 34.41 30 Day Perf: -2.56 %
Volume (M): 1,138 52 Wk High: $ 49.14
Volume (M$): $ 39,354 52 Wk Avg: $38.14
Open: $34.80 52 Wk Low: $28.50



 Market Capitalization (Millions $) 5,004
 Shares Outstanding (Millions) 145
 Employees 16,500
 Revenues (TTM) (Millions $) 5,489
 Net Income (TTM) (Millions $) 342
 Cash Flow (TTM) (Millions $) -110
 Capital Exp. (TTM) (Millions $) 244

Sealed Air Corp
Sealed Air Corporation, operating through its subsidiaries, manufactures and sells a wide range of food, protective and specialty packaging products.

The Company conducts substantially all of its business through two direct wholly-owned subsidiaries, Cryovac,'Inc. and Sealed Air Corporation (US). These two subsidiaries directly and indirectly own substantially all of the assets of the business and conduct operations themselves and through subsidiaries around the globe. References herein to the Company include, collectively, the Company and its subsidiaries, except where the context indicates otherwise.

The Company operates in two reportable business segments: (1)'Food Packaging and (2)'Protective and Specialty Packaging.

The Company operates in the United States and in 49 other countries, and its products are distributed in those countries as well as in other parts of the world. In maintaining its foreign operations, the Company faces risks inherent in these operations, such as those of currency fluctuations.

To support its food packaging customers, the Company operates food science laboratories that assist customers in identifying the appropriate food packaging materials and systems to meet their needs. The Company also offers customized graphic design services to its food packaging and mailer customers.

To assist its marketing efforts for its protective and specialty packaging products and to provide specialized customer services, the Company operates packaging laboratories in many of its United States and foreign facilities. These laboratories are staffed by professional packaging engineers and equipped with drop-testing and other equipment used to develop and test cost-effective package designs to meet the particular protective and specialty packaging requirements of each customer.

Raw Materials

The raw materials for the Companys products generally have been readily available on the open market and in most cases are available from several suppliers. Some materials used in the Companys protective packaging products are reprocessed from scrap generated in the Companys manufacturing operations or obtained through participation in recycling programs. The principal raw materials used in both of the Companys reportable business segments are polyolefin and other petrochemical-based resins and films, paper and wood pulp products, and blowing agents used in foam packaging products. In addition, the Company offers a wide variety of specialized packaging equipment, some of which it manufactures or has manufactured to its specifications, some of which it assembles and some of which it purchases from other suppliers.

Competition

Competition for most of the Companys packaging products is based primarily on packaging performance characteristics, service and price. Since competition is also based upon innovations in packaging technology, the Company maintains ongoing research and development programs to enable it to maintain technological leadership. There are other companies producing competing products that are well established and may have greater financial resources than the Company.

There are other manufacturers of food packaging products, some of which are companies offering similar products that operate on a global basis and others that operate in a region or single country. Competing manufacturers produce a wide variety of food packaging based on plastic, paper, metals and other materials. The Company believes that it is one of the leading suppliers of flexible food packaging materials and related systems in the principal geographic areas in which it offers those products and one of the leading suppliers of absorbent pads for food products to supermarkets and poultry processors in the United States.

The Companys protective and specialty packaging products compete with similar products made by other manufacturers and with a number of other packaging materials that customers use to provide protection against damage to their products during shipment and storage. Among the competitive materials are various forms of paper packaging products, expanded plastics, corrugated die cuts, loosefill packaging materials, strapping, envelopes, reinforced bags, boxes and other containers, and various corrugated materials. The Companys Instapak' packaging and its plank and laminated foam products also compete with various types of molded foam plastics, fabricated foam plastics and mechanical shock mounts and with wood blocking and bracing systems. The Company believes that it is one of the leading suppliers of air cellular cushioning materials containing a barrier layer, shrink films for industrial and commercial applications, protective mailers, polyethylene foam and polyurethane foam packaging systems in the principal geographic areas in which it sells these products.




   Company Address: 2415 Cascade Pointe Boulevard Charlotte 28208 NC
   Company Phone Number: 221-3235   Stock Exchange / Ticker: NYSE SEE
   


Customers Net Income grew by SEE's Customers Net Profit Margin grew to

7.1 %

11.86 %

• Customers Performance • Customers Expend. • Customers Efficiency • List of Customers


   

Stock Performances by Major Competitors

5 Days Decrease / Increase
     
CLX   -0.63%    
ECL        1.72% 
HWKN        3.16% 
NTIC   -3.5%    
PG        0.16% 
WDFC   -0.68%    
• View Complete Report
   



Sealed Air Corp

Sealed Air Corp Demonstrates Resilience in Revenue Management and Earnings Growth Amidst Challenging Financial Period Ending December 31, 2023



This article analyzes the financial results of chemical manufacturing company Sealed Air Corp for the financial period ending December 31, 2023. Despite a decrease in revenue, the company managed to improve its earnings per share (EPS) and net income. Alongside these results, the company also announced a cash tender offer for its 5.125% Senior Notes due 2024, which has garnered significant interest. This article contextualizes these developments by considering recent stock performance.
Financial Results:
1. Earnings per Share (EPS) and Profit:
- In the financial period ending December 31, 2023, Sealed Air Corp increased its profit per share by 31.77% to $0.86 per share.
- EPS significantly improved from $0.39 per share in the previous reporting period.
- Profits deteriorated by 29.13%, declining to $2.36 per share compared to $3.33 in the preceding financial 12 months.

Stock Issue News

Sealed Air's Cash Tender Offer for 5125% Notes Due 2024: High Total Consideration Attracts Investor Interest

Published Wed, Nov 15 2023 8:35 PM UTC

Sealed Air's Cash Tender Offer for 5.125% Notes Due 2024: High Total Consideration Attracts Investor Interest
Charlotte, N.C. - Sealed Air Corporation (NYSE: SEE), a global leader in packaging solutions, recently announced the total consideration for its ongoing cash tender offer for the 5.125% Senior Notes due 2024. The company revealed that the total consideration for...

Stock Transactions

Sealed Air Corporation Sets Sights on Growth with Innovative Senior Notes Offering

Published Wed, Nov 8 2023 2:12 PM UTC



Charlotte-based Sealed Air Corporation (NYSE: SEE) has made a significant announcement today, revealing its intention to commence an offering of senior notes due 2031. The proceeds from this offering will allow the company to bolster its financial position, seize emerging growth opportunities, and strengthen its global presence. This strategic move reflects Sealed ...

Sealed Air Corp

Sealed Air Corp's Stock Skyrockets, but Behind the Scenes: a Startling Decline in Revenue

Sealed Air Corp, a leading provider of packaging solutions, has recently seen a solid gain in its stock price. Over the past five trading days, the company's stock recorded a gain of 9.94%, and over the past 12 months, it has gained a substantial 43.46%. In addition, the stock is currently trading 21.5% above its 52-week low.
However, despite the positive performance of the company's stock, its recent financial results tell a different story. In the most recent fiscal period, Sealed Air Corp experienced a decline in earnings per share of -57.61% to $0.39, and its revenue decreased by -1.328% to $1.38 billion compared to the previous year. This significant drop in profit can be attributed to a decrease in net income, which fell by -57.82% from $134.2 million to $56.6 million.

Product Service News

Sealed Air Strategizes for High-Quality Growth Amidst Revenue Decline and Profitability Challenges

Published Fri, Nov 3 2023 11:00 AM UTC


In an upcoming event with the financial community, Sealed Air Corporation (NYSE: SEE) will be participating in the 2023 Baird Global Industrial Conference on November 7 in Chicago. The executive team, including Interim Co-CEOs Emile Chammas and Dustin Semach, along with VP Treasurer Susan Yang, will discuss the company's strategy to drive high-quality growth. This prese...






 

Sealed Air's Segments
 
Food Packaging
 Segment     of total Revenue
Protective & Specialty Packaging
 Segment     of total Revenue
Other
 Segment     of total Revenue
Diversey
 Segment     of total Revenue
 
• View Complete Report
  Company Estimates  
  Revenue Outlook
Sealed Air announced annual revenue outlook on

Earnings Outlook
Sealed Air Corp issued annual earnings guidance on

 
Geographic Revenue Dispersion
United States
EMEA
Latin America
Asia Pacific




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