UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2025 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Or For the transition period from to Commission File Number: 1-12139 SEALED AIR CORPORATION (Exact name of registrant as specified in its charter) | Delaware | 65-0654331 | | --- | --- | | (St ...

Core Viewpoint - Sealed Air Corporation reported a mixed performance in Q1 2025, with adjusted earnings per share of 81 cents exceeding estimates, but total sales declined due to lower volumes in the Protective segment [1][2]. Financial Performance - Adjusted earnings per share were 81 cents, surpassing the Zacks Consensus Estimate of 67 cents, marking a 4% year-over-year improvement [1] - Total sales for the quarter were $1.272 billion, beating the Zacks Consensus Estimate of $1.269 billion, but down 4.3% from $1.33 billion in Q1 2024 [2] - The cost of sales decreased by 5% year over year to $881 million, while gross profit was $392 million, a 2% decrease from $401 million in the previous year [3] - Adjusted EBITDA was approximately $276 million, a decline of 0.7% from the year-ago period, with an adjusted EBITDA margin of 21.7%, up from 20.9% [4][5] Segment Performance - In the Food segment, net sales decreased by 2% year over year to $852.1 million, exceeding estimates, with pricing actions positively impacting sales by 0.6% [6] - The Protective segment saw net sales of $420 million, down 9% from the previous year, with a significant volume decline of 6.2% [7][8] - Adjusted EBITDA for the Food segment was around $203 million, up 7% year over year, while the Protective segment's adjusted EBITDA decreased by 17% to $74 million [9] Cash Flow and Balance Sheet - Cash flow from operating activities was approximately $32 million, down from $125 million in the prior year [10] - Total debt remained flat at $4.4 billion, with $1.3 billion in liquidity available as of March 31, 2025 [11] 2025 Guidance - Sealed Air expects net sales between $5.1 billion and $5.5 billion for 2025, projecting a 2% dip from $5.39 billion in 2024 [12] - Adjusted EBITDA is forecasted to be between $1.075 billion and $1.175 billion, with adjusted earnings per share expected to range from $2.90 to $3.30 [12] Share Price Performance - Over the past year, Sealed Air's shares have declined by 23%, compared to an 11.9% decline in the industry [13]

Sealed Air (SEE) Q1 2025 Earnings Call May 06, 2025 10:00 AM ET Company Participants Mark Stone - VP - Investor RelationsDustin Semach - President & CEOVeronika Johnson - Interim CFOGeorge Staphos - Managing DirectorPhilip Ng - Managing DirectorMichael Roxland - MD - Equity ResearchJosh Spector - Executive DirectorStefan Diaz - Vice President, Equity Research Conference Call Participants Ghansham Panjabi - Senior Research AnalystMatthew Roberts - Equity Research AnalystJeff Zekauskas - AnalystGabe Hajde - A ...

For the quarter ended March 2025, Sealed Air (SEE) reported revenue of $1.27 billion, down 4.3% over the same period last year. EPS came in at $0.81, compared to $0.78 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $1.27 billion, representing a surprise of +0.26%. The company delivered an EPS surprise of +20.90%, with the consensus EPS estimate being $0.67.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how the ...

Sealed Air (SEE) Q1 2025 Earnings Call May 06, 2025 10:00 AM ET Speaker0 Good day, and thank you for standing by. Welcome to the Sealed Air Q1 twenty twenty five Earnings Conference Call. At this time, all participants are in a listen only mode. After the speakers' presentation, there will be a question and answer session. To ask a question during the session, you will need to press 11 on your telephone. You will then hear an automated message advising your hand is raised. To withdraw your question, please ...

Sealed Air (SEE) came out with quarterly earnings of $0.81 per share, beating the Zacks Consensus Estimate of $0.67 per share. This compares to earnings of $0.78 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 20.90%. A quarter ago, it was expected that this packaging company would post earnings of $0.67 per share when it actually produced earnings of $0.75, delivering a surprise of 11.94%.Over the last four quarters, the comp ...

Financial Performance - Net sales for Q1 2025 were $1.27 billion, a decrease of 4.3% compared to Q1 2024, with the Food segment down 2% and the Protective segment down 9%[5] - Net earnings increased by 40.2% to $117 million, or $0.79 per diluted share, compared to $83 million, or $0.57 per diluted share in the prior year[7] - Adjusted EBITDA was $276 million, representing 21.7% of net sales, slightly down from $278 million, or 20.9% in the prior year[9] - Adjusted earnings per diluted share increased by 3.8% to $0.81, driven primarily by lower interest expense[8] - Net earnings for the three months ended March 31, 2025, increased to $113.5 million, up from $82.0 million in the same period of 2024, representing a growth of 38.5%[33] - GAAP net earnings for Q1 2025 were $116.9 million, a 40.1% increase from $83.4 million in Q1 2024[47] - Diluted EPS for Q1 2025 was $0.79, compared to $0.57 in Q1 2024, reflecting a 38.6% increase[47] - Non-GAAP adjusted net earnings for Q1 2025 were $119.5 million, up 5.9% from $112.8 million in Q1 2024[47] Cash Flow and Debt - Free cash flow was a use of $12 million in Q1 2025, compared to a source of $78 million in Q1 2024, reflecting higher incentive compensation and tax payments[13] - Cash flow from operations was $32 million in Q1 2025, down from $125 million in the same period last year[12] - Total debt remained stable at $4.4 billion as of March 31, 2025, with net debt increasing slightly to $4.1 billion[14] - The company reported a net leverage ratio of 3.7x as of March 31, 2025, compared to 3.6x at the end of 2024[15] - The company reported a net debt of $4,069.0 million as of March 31, 2025, compared to $4,032.1 million at the end of 2024[52] - The net leverage ratio increased slightly to 3.7x as of March 31, 2025, from 3.6x at the end of 2024[53] - The total debt as of March 31, 2025, was $4,404.2 million, compared to $4,403.9 million at the end of 2024[52] Guidance and Projections - The company maintained its full-year guidance for 2025, projecting net sales between $5.1 billion and $5.5 billion, with an adjusted EBITDA range of $1.075 billion to $1.175 billion[16] Tax and Liabilities - The effective tax rate for Q1 2025 was 8.0%, significantly lower than 30.0% in the prior year, benefiting from the resolution of previous international tax matters[6] - Total current liabilities decreased to $1,507.4 million from $1,635.5 million, reflecting a reduction of approximately 7.8%[30] - The effective income tax rate for the three months ended March 31, 2025, was 8.0%, significantly lower than 30.0% in the same period of 2024[41] Assets and Inventory - Total assets as of March 31, 2025, were $7,049.2 million, a slight increase from $7,022.1 million as of December 31, 2024[30] - The company reported a decrease in inventories, net, to $766.8 million as of March 31, 2025, from $722.2 million at the end of 2024, indicating a 6.2% increase[30] - Cash and cash equivalents at the end of the period were $335.2 million, down from $371.8 million at the beginning of the period, a decrease of 9.8%[33] Special Items and Charges - Special items for Q1 2025 had a net impact of $2.6 million, down from $29.4 million in Q1 2024[50] - The company incurred restructuring charges of $2.6 million in Q1 2025, significantly lower than $15.5 million in Q1 2024[50] - Liquibox intangible amortization for Q1 2025 was $7.6 million, slightly up from $7.5 million in Q1 2024[50] - The company experienced a foreign currency exchange loss of $1.7 million in Q1 2025, down from $4.9 million in Q1 2024[50]

Non-GAAP Financial Measures In this presentation, we include certain non-GAAP financial measures, including Net Debt, Adjusted Net Earnings and Adjusted EPS, net sales on an "organic" and a "constant dollar" basis, Free Cash Flow, Adjusted EBITDA, Adjusted EBITDA Margin and Adjusted Tax Rate. Management uses non-GAAP financial measures to assess operating and financial performance, set budgets, provide guidance and compare with peers' performance. We believe such non-GAAP financial measures are useful to in ...

Core Viewpoint - Sealed Air Corporation (SEE) is expected to report a decline in both net sales and earnings for the first quarter of 2025, with a consensus estimate of $1.27 billion in net sales, reflecting a 4.6% decrease year-over-year, and earnings estimated at 67 cents per share, indicating a 14.1% decline from the previous year [1]. Group 1: Earnings Performance - Sealed Air has a history of beating earnings estimates, with an average surprise of 27.1% over the last four quarters [2]. - The current Earnings ESP for Sealed Air is +0.12%, and the company holds a Zacks Rank of 3, suggesting a neutral outlook [4]. Group 2: Segment Performance - The Protective segment has faced lower volumes for 12 consecutive quarters, with a projected year-over-year volume decline of 4.2% for Q1 2025 [5]. - The Food segment, after experiencing lower volumes for seven quarters, is expected to show flat volumes year-over-year in Q1 2025, with net sales estimated at $841 million, a 3.1% decrease from the prior year [6][7]. - The Protective segment's net sales are estimated at $419 million, reflecting a 9.2% year-over-year decline, with adjusted EBITDA projected to decrease by 17.5% [8]. Group 3: Operational Factors - The company's Reinvent SEE Strategy is expected to drive productivity gains and mitigate supply-chain challenges, positively impacting operating margins in the March-ended quarter [9]. Group 4: Stock Performance - Over the past year, Sealed Air's stock has declined by 20.5%, compared to a 10.5% decline in the industry [10].

The market expects Sealed Air (SEE) to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended March 2025. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on M ...