Edition:
United States

Sealed Air Corp (SEE.N)

SEE.N on New York Stock Exchange

44.92USD
22 Jun 2017
Change (% chg)

$-0.35 (-0.77%)
Prev Close
$45.27
Open
$45.24
Day's High
$45.38
Day's Low
$44.87
Volume
543,335
Avg. Vol
493,960
52-wk High
$50.61
52-wk Low
$41.82

Latest Key Developments (Source: Significant Developments)

Sealed Air reports Q1 loss per share of $0.27 from continuing operations
Tuesday, 9 May 2017 07:00am EDT 

May 9 (Reuters) - Sealed Air Corp :Sealed Air reports first quarter 2017 results.Q1 adjusted earnings per share $0.43 from continuing operations.Q1 loss per share $0.27 from continuing operations.Q1 sales $1.0 billion.Says adjusted EPS from continuing operations is expected to be approximately $1.70 for full year 2017.Q1 revenue view $1.58 billion -- Thomson Reuters I/B/E/S.Q1 earnings per share view $0.47 -- Thomson Reuters I/B/E/S.Sees FY 2017 adjusted earnings per share about $1.70 from continuing operations.Sees FY 2017 sales $4.3 billion.Anticipates 2017 free cash flow to be approximately $390 million.Anticipates 2017 capital expenditures of approximately $175 million and cash restructuring payments of approximately $50 million.FY2017 earnings per share view $2.71 -- Thomson Reuters I/B/E/S.  Full Article

Sealed Air announces sale of New Diversey to Bain Capital
Monday, 27 Mar 2017 07:30am EDT 

Sealed Air Corp : Sealed Air announces sale of new diversey to Bain Capital private equity . Sealed Air Corp - announces sale of new diversey to bain capital private equity for approximately $3.2 billion . Sealed Air Corp - increases share repurchase program by an additional $1.5 billion . Sealed Air Corp - expects to use proceeds to repay debt and maintain its net leverage ratio in range of 3.5 to 4.0 times . Total authorization for future repurchases under program is approximately $2.2 billion . Sealed Air will maintain its quarterly cash dividend of $0.16 per common share while company reduces earnings dilution .Sealed Air Corp - results of operations of new diversey will be reported as discontinued operations beginning in Q1 of 2017.  Full Article

Sealed Air reports Q4 earnings per share $0.87
Thursday, 9 Feb 2017 07:00am EST 

Sealed Air Corp - : Sealed Air reports fourth quarter and full year 2016 results . Q4 adjusted earnings per share $0.76 . Q4 earnings per share $0.87 . Q4 earnings per share view $0.74 -- Thomson Reuters I/B/E/S . Sees FY 2017 sales up about 2.5 percent . Anticipates 2017 free cash flow to be approximately $600 million . Company's food care division and product care division are expected to grow at approximately 3% in constant dollars for 2017 . Adjusted for unfavorable currency, net sales in 2017 are expected to increase approximately 2.5% . Adjusted ebitda is estimated to be about $1.18 billion, which assumes approximately $40 million of unfavorable currency translation for 2017 . Adjusted eps is expected to be about $2.70 per share, which assumes anout $0.14 per share of unfavorable currency translation for 2017 . Company anticipates capital expenditures of approximately $185 million as a part of $600 million expectation of free cash flow in 2017 . Q4 net sales of $1.7 billion decreased 0.6% on an as reported basis .Currency had negative impact on total net sales of 2.3%, and food care divestitures had negative impact on total sales of 0.3%, in Q4 2016.  Full Article

Sealed Air reports Q2 earnings per share $0.25
Thursday, 28 Jul 2016 07:30am EDT 

Sealed Air Corp : Sealed Air reports second quarter 2016 results . Q2 adjusted earnings per share $0.65 . Q2 earnings per share $0.25 . Sees FY 2016 sales about $6.85 billion . Q2 sales $1.7 billion versus I/B/E/S view $1.74 billion . Q2 earnings per share view $0.65 -- Thomson Reuters I/B/E/S . Sealed Air says continues to anticipate 2016 free cash flow to be approximately $550 million, including capital expenditures of approximately $275 million . Says updated 2016 outlook . FY2016 revenue view $6.91 billion -- Thomson Reuters I/B/E/S . Says outlook for adjusted EPS is expected to be at high end of previous guidance range of $2.52 to $2.60 for 2016 .Sealed Air Corp says currency is expected to have a negative impact of approximately $275 million on net sales and $45 million on adjusted EBITDA for FY.  Full Article

Sealed Air Corporation raises quarterly cash dividend
Monday, 21 Mar 2016 04:30pm EDT 

Sealed Air Corporation:Board of Directors has declared a 23 percent increase in the Company's quarterly cash dividend.Quarterly cash dividend will increase from $0.13 per common share to $0.16 per common share.Dividend is payable on June 17 to stockholders of record date as on June 3.  Full Article

Sealed Air Declares Quarterly Cash Dividend
Wednesday, 17 Feb 2016 04:30pm EST 

Sealed Air Corporation:declared a quarterly cash dividend of $0.13 per common share.The dividend is payable on March 18, 2016 to stockholders of record at the close of business on March 4, 2016.  Full Article

Sealed Air Corp gives FY 2016 guidance
Wednesday, 10 Feb 2016 07:30am EST 

Sealed Air Corp:Expects FY 2016 net sales to be about $6.8 billion.Expects FY 2016 adjusted EBITDA to be in the range of $1.17 billion to $1.19 billion.Expects FY 2016 adjusted EPS to be in the range of $2.52 to $2.60.  Full Article

Sealed Air declares quarterly cash dividend
Thursday, 8 Oct 2015 04:30pm EDT 

Sealed Air:Declared a quarterly cash dividend of $0.13 per common share.Payable on December 18, 2015 to stockholders of record at the close of business on December 4, 2015.  Full Article

Sealed Air Acquires B+ Equipment
Monday, 3 Aug 2015 07:30am EDT 

Sealed Air Corp:Announces the acquisition of B+ Equipment.  Full Article

Sealed Air Corp reaffirms FY 2015 revenue guidance; raises FY 2015 earnings guidance
Thursday, 30 Jul 2015 07:00am EDT 

Sealed Air Corp:Continues to estimate net sales to be about $7.1 billion for FY 2015, which assumes an unfavorable impact of about 9 pct. from foreign currency translation.Increases FY 2015 forecast for adjusted EPS to a range of $2.24 to $2.28 from its previously provided outlook in the range of $2.11 to $2.18.Says adjusted EPS increase is due to higher net earnings and reflects share repurchases through July 28.Says adjusted EPS guidance excludes the impact of special items.Says FY 2015 adjusted EBITDA is now estimated to be in the range of $1.16 billion to $1.17 billion as compared to previously provided forecast of $1.14 billion to $1.16 billion, which reflects the divestiture and includes about $110 million of unfavorable currency translation.  Full Article

More From Around the Web

LPC-US and Euro investors targeted on US$2.65bn Diversey loan

LONDON, May 18 Banks are preparing to launch a US$2.65bn financing backing Bain Capital’s buyout of Sealed Air Corp's cleaning and chemicals systems division Diversey Care as well as its food care division, sources close to the deal said.