Key Developments: Sealed Air Corp (SEE.N)
27.88USD
1 Aug 2013
$0.64 (+2.35%)
$27.24
$27.52
$28.06
$27.41
453,220
469,603
$28.06
$11.51
Latest Key Developments (Source: Significant Developments)
Sealed Air Corp Declares Quarterly Cash Dividend
Sealed Air Corp announced that its Board of Directors has declared a quarterly cash dividend of $0.13 per common share. The dividend is payable on September 20, 2013 to stockholders of record at the close of business on September 6, 2013. Full Article
Sealed Air Corp Reaffirms FY 2013 Outlook-Conference Call
Sealed Air Corp announced that its outlook for fiscal 2013, it has not changed from what it has communicated at the end of the first quarter on its earnings call with net sales of approximately $7.7 billion to $7.9 billion, adjusted EBITDA $1.01 billion to $1.03 billion, earnings per share $1.10 to $1.20. According to I/B/E/S Estimates, analysts on an average are expecting the Company to report revenue of $7.8 billion, EBITDA of $1.01 billion and EPS of $1.17 for fiscal 2013. Full Article
Sealed Air Corp Reaffirms FY 2013 Guidance
Sealed Air Corp announced that for fiscal 2013, it expects net sales in the range of approximately $7.7-$7.9 billion, adjusted EBITDA of $1.01 billion to $1.03 billion, and Adjusted EPS between $1.10 and $1.20. According to I/B/E/S Estimates, analysts on an average were expecting the Company to report revenue of $7.8 billion, EBITDA of $1.01 billion and EPS of $1.20 for fiscal 2013. Full Article
Sealed Air Corp Declares Quarterly Cash Dividend
Sealed Air Corp announced that its Board of Directors has declared a quarterly cash dividend of $0.13 per common share. The dividend is payable on June 21, 2013 to stockholders of record at the close of business on June 7, 2013. Full Article
International Dispensing Corp Enters Into Global Strategic Alliance With Sealed Air Corporation
International Dispensing Corp announced its strategic alliance with Sealed Air Corporation to develop an ultra-high-speed aseptic filler for bag-in-box (BIB) products and to promote this new system throughout the world. The strategic alliance between IDC and Sealed Air has been instrumental in developing aseptic BIB filling equipment that is designed to fill at unprecedented speeds of up to four to five times faster than standard aseptic BIB fillers. Full Article
Sealed Air Corp Names Jerome A. Peribere President and CEO
Sealed Air Corp announced that its Board of Directors has elected Jerome A. Peribere to the position of President and Chief Executive Officer as of March 1, 2013. Mr. Peribere joined Sealed Air in September 2012 as President and Chief Operating Officer as part of a succession planning process that was announced in August, 2012. The position of Chief Operating Officer will be discontinued. Full Article
Sealed Air Corp Issues FY 2013 Guidance; Earnings Guidance Below Analysts' Estimates
Sealed Air Corp announced that for fiscal 2013, it expects net sales in the range of approximately $7.7-$7.9 billion, adjusted EBITDA of $1.01 billion to $1.03 billion, and Adjusted EPS between $1.10 and $1.20. Adjusted EPS guidance excludes the payment of the W. R. Grace settlement, as the exact timing of the settlement is unknown. According to I/B/E/S Estimates, analysts on an average were expecting the Company to report revenue of $7.8 billion, EBITDA of $1.05 billion and EPS of $1.25 for fiscal 2013. Full Article
Sealed Air Corp Declares Quarterly Cash Dividend
Sealed Air Corp announced that its Board of Directors has declared a quarterly cash dividend of $0.13 per common share. The dividend is payable on March 15, 2013 to stockholders of record at the close of business on March 1, 2013. Full Article
Sealed Air Corp Completes Sale of Diversey Japan
Sealed Air Corp announced that it has completed the previously announced sale of Diversey G.K. (Diversey Japan) (an indirect subsidiary of Diversey, Inc.) to an investment vehicle of The Carlyle Group (Carlyle) for gross proceeds of JPY30 billion (equivalent of approximately USD373 million). Additionally, the Company intends to use the approximately $300 million in net after-tax cash proceeds generated from the sale to prepay a portion of its term loans currently outstanding under its senior secured credit facilities. As of September 30, 2012, Diversey Japan was classified as a discontinued operation. Additional detail about the accounting impact of the transaction is disclosed in the Company’s Form 10-Q for the quarterly period ended September 30, 2012 and in its third quarter 2012 earnings release. Full Article
Sealed Air Corp Reaffirms FY 2012 Revenue Guidance; Lowers FY 2012 Earning Guidance In Line With Analysts' Estimates
Sealed Air Corp announced that for fiscal 2012, it expects revenue to be approximately $7.7 billion from continuing operations, including $300 million of unfavorable foreign currency translation. This compares with prior guidance of $7.7 billion and an assumption of $400 million of unfavorable foreign currency translation. Adjusted EBITDA to be in $995 to $1,010 million from continuing operations, including $30 million of unfavorable foreign currency translation. This compares with $1,050 to $1,075 million. Adjusted EPS to be in the range of $0.90 to $1.00 from continuing operations, compared with prior guidance of $1.00 to $1.10. According to I/B/E/S Estimates, analysts were expecting the Company to report EPS of $0.99, revenue of $7.89 billion and EBITDA of $986 million for fiscal 2012. Full Article
W.R. Grace tops profit estimates; sees lower catalyst sales
- U.S. chemical maker W.R. Grace & Co's adjusted profit beat analysts' expectations, helped by growth in construction products as well as in engineered materials for the industrial and the coatings markets.

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