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Sealed Air Corp (SEE.N)

SEE.N on New York Stock Exchange

45.72USD
17 Nov 2017
Change (% chg)

$0.14 (+0.31%)
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Latest Key Developments (Source: Significant Developments)

Sealed Air Q3 earnings per share $0.33 from continuing operations
Wednesday, 8 Nov 2017 07:00am EST 

Nov 8 (Reuters) - Sealed Air Corp :Sealed air reports third quarter 2017 results.Q3 adjusted earnings per share $0.46 from continuing operations.Q3 earnings per share $0.33 from continuing operations.Q3 sales $1.1 billion versus I/B/E/S view $1.11 billion.Q3 earnings per share view $0.47 -- Thomson Reuters I/B/E/S.Sees FY 2017 sales about $4.4 billion.Sealed Air Corp - ‍net sales of $1.1 billion increased 6% on an as reported basis​.Sealed Air Corp sees ‍free cash flow of $400 million for full year 2017​.Sealed Air Corp sees ‍full year 2017 adjusted eps of $1.75 to $1.80 from continuing operations​.FY2017 earnings per share view $1.82, revenue view $4.37 billion -- Thomson Reuters I/B/E/S.Sealed Air - ‍on constant dollar basis, North America sales increased 7%, Asia Pacific was up 3%, and EMEA and Latin America were up 2% for the quarter​.Sealed Air-‍net income in Q3 was "unfavorably" impacted by $24 million of special items,including $9 million restructuring & other associated costs​.Sealed Air Corp - sees ‍FY 2017 capital expenditures of approximately $175 million and cash restructuring payments of approximately $55 million​.  Full Article

Sealed Air names William Stiehl as acting CFO
Friday, 20 Oct 2017 07:30am EDT 

Oct 20 (Reuters) - Sealed Air Corp :Sealed Air names William G. Stiehl acting chief financial officer.Sealed Air Corp - ‍Stiehl will succeed current senior vice president and CFO Carol P. Lowe, who will depart company on October 31.Sealed Air Corp - ‍on track to achieve our full year 2017 financial outlook​.  Full Article

Sealed Air to acquire Asian specialty foam business
Monday, 11 Sep 2017 04:30pm EDT 

Sept 11 (Reuters) - Sealed Air Corp :Sealed Air to acquire Asian Specialty foam business.Sealed Air Corp - deal for ‍approximately $100 million in cash​.Sealed Air Corp - ‍announced acquisition of Fagerdala Singapore Pte Ltd​.  Full Article

Sealed Air CEO to retire at the end of 2017
Thursday, 7 Sep 2017 04:00pm EDT 

Sept 8 (Reuters) - Sealed Air Corp :Sealed Air Corp CEO to retire at the end of 2017.Sealed Air Corp - ‍Edward L. Doheny ii will assume role of CEO and president January 1, 2018​.Sealed Air Corp - ‍Doheny will join Sealed Air as director, COO and CEO-designate on September 18, 2017​.Sealed Air Corp - ‍Doheny will work on transitioning with Peribere until December 31, 2017​.Sealed Air Corp - ‍Doheny served as chief executive officer of Joy Global until its sale to Komatsu in May 2017.​.  Full Article

Sealed Air reports Q2 earnings per share $0.14 from continuing operations
Tuesday, 8 Aug 2017 07:00am EDT 

Aug 8 (Reuters) - Sealed Air Corp :Sealed Air reports second quarter 2017 results.Q2 adjusted earnings per share $0.35 from continuing operations.Q2 earnings per share $0.14 from continuing operations.Sees FY 2017 sales about $4.3 billion.Q2 sales $1.1 billion versus I/B/E/S view $1.06 billion.Sees fy 2017 adjusted earnings per share $1.75 to $1.80 from continuing operations.Q2 earnings per share view $0.36 -- Thomson Reuters I/B/E/S.‍raised outlook for adjusted ebitda, adjusted eps and free cash flow​.Sealed air corp - expect top-line growth to continue into second half of year.Sealed air corp - currency had a negative impact on total qtrly net sales of 0.7%, or $7 million.Sealed air corp - net sales in north america increased 9%. Asia pacific declined 2% while latin america and emea declined 4% each in quarter.Sealed air corp - currency is not expected to have a material impact on net sales, adjusted ebitda or adjusted eps for full year 2017.Sealed air corp - company now anticipates 2017 free cash flow to be approximately $400 million.Fy2017 revenue view $4.34 billion -- Thomson Reuters I/B/E/S.Sealed air corp sees fy capital expenditures of approximately $175 million and cash restructuring payments of approximately $50 million.  Full Article

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

BRIEF-Hoegh LNG sold remaining 49 pct Grace stake for $172.5 mln

* agreement to transfer the remaining 49% ownership interest in Höegh LNG Colombia Holding Ltd. ("Grace Holding"), the sole owner of the entities that own and operate Hoegh Grace, to Hoegh LNG Partners LP for a purchase price of USD 172.5 million, less USD 86.6 million in pro-rata indebtedness related to Hoegh Grace expected to be outstanding at the closing date of the transaction Source text for Eikon: Further company coverage: (Reporting By Terje Solsvik)