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 September 30, 2023 ☐ 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 | | --- | --- | | ...

Sealed Air Corporation (NYSE:SEE) Q3 2023 Earnings Conference Call November 2, 2023 10:00 AM ET Company Participants Brian Sullivan - Executive Director, Investor Relations and Assistant Treasurer Emile Chammas - Interim Co-CEO and COO Dustin Semach - Interim Co-CEO and CFO Conference Call Participants George Staphos - BofA Securities Adam Samuelson - Goldman Sachs Ghansham Panjabi - Robert W. Baird & Co. Matthew Roberts - Raymond James Jeff Zekauskas - JPMorgan Joshua Spector - UBS Anthony Pettinari - Citi ...

© 2023 SEE | 17 Food SEE Accelerating High Quality Growth Emile Chammas Interim Co-CEO, COO Safe Harbor and Regulation G Statement Our management uses non-U.S. GAAP financial measures to evaluate the Company's performance, which exclude items we consider unusual or special items. We believe that the use of nonU.S. GAAP measures helps investors to gain a better understanding of core operating results and future prospects, consistent with how management measures and forecasts the Company's performance, especi ...

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 June 30, 2023 ☐ 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 | | --- | --- | | (Sta ...

Financial Data and Key Metrics Changes - In the second quarter, net sales were $881 million for the food segment, up 3% on an organic basis, primarily driven by price realization, while adjusted EBITDA was $191 million, up 16% in constant dollars compared to last year [8][29] - Overall, adjusted EBITDA for the second quarter was $280 million, down 5% compared to last year, with adjusted earnings per share at $0.80, down 22% year-over-year but up 8% sequentially [29][75] - The company closed the second quarter with a net leverage ratio of approximately 4.1x and expects to use free cash flow generation to de-lever throughout the year and into 2024 [9][31] Business Line Data and Key Metrics Changes - Automation grew approximately 20% in the second quarter, with food automation particularly strong, increasing by about 40% year-over-year [6][72] - Protective solutions saw net sales of $500 million, down 18%, driven by volume declines across all regions due to market pressures and customer destocking [56][72] - The Fluids and Liquids segment experienced mid-single-digit growth, with the contribution from Liquibox expected to be approximately $300 million in sales for 2023 [31][75] Market Data and Key Metrics Changes - The APAC region grew by 6%, while the Americas declined by 2% and EMEA was flat [30] - The company anticipates continued retail softness in the U.S. and a headwind from the U.S. cattle cycle, partially offset by tailwinds from the Australian herd cycle [5][13] Company Strategy and Development Direction - The company is focusing on a Cost Take-Out to Grow program as part of Reinvent SEE 2.0, targeting annual savings of $140 million to $160 million by the end of 2025 [10][71] - The strategic pillars include Automation, Digital, and Sustainability, aimed at addressing customer packaging challenges and driving profitable growth [6][49] - The company is actively reviewing its protective portfolio to optimize and unlock value, including the closure of non-core businesses [73][116] Management's Comments on Operating Environment and Future Outlook - Management expressed caution regarding the global economic outlook and the lingering impact of inflation, while remaining confident in the Cost Take-Out to Grow program to restore earnings growth [78][110] - The company expects an L-shaped recovery through 2023 and into 2024, reflecting a post-COVID lower growth environment [57][110] - Management highlighted the importance of getting closer to customers to better understand volume outlook and address their needs amid changing market conditions [19][87] Other Important Information - The company reported a free cash flow use of $130 million in the second quarter, compared to a source of cash in the same period last year, primarily due to a $175 million IRS deposit [76] - The digital online transactions grew to 16% of total company sales, reflecting the rapid growth of the company's digital transformation efforts [52][54] Q&A Session Summary Question: Can you provide detail on volume expectations by segment for the second half of 2023? - Management indicated a shift in the U.S. cattle cycle impacting food volumes, with expectations of a 4% decline in volume for the second half [13][15] Question: What are the expectations for margins in the Protective segment? - Management expects margin expansion in the Protective segment due to cost control and a shift in product mix [102][105] Question: How does the company plan to address increased competition in the food packaging market? - Management emphasized strong product offerings and a focus on automation to regain market share lost to competitors [21][116] Question: What is the outlook for Liquibox's contribution to sales? - Liquibox is expected to contribute approximately $300 million in sales for 2023, although operational issues have led to a downward revision of expectations [31][99] Question: How confident is management in returning to growth in 2024? - Management expressed confidence in achieving low single-digit growth in 2024, supported by the Cost Take-Out to Grow program and new product introductions [78][110]

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, 2023 ☐ 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 ...

Sealed Air Corporation (NYSE:SEE) Q1 2023 Results Conference Call May 2, 2023 10:00 AM ET Company Participants Brian Sullivan - IR Ted Doheny - CEO Dustin Semach - CFO Susan Yang - VP, Automation Finance and Treasurer Conference Call Participants Adam Samuelson - Goldman Sachs Matt Krueger - Baird Christopher Parkinson - Mizuho Securities Bryan Burgmeier - Citi Josh Spector - UBS Angel Castillo - Morgan Stanley Jeffrey Zekauskas - JPMorgan Phil Ng - Jefferies Arun Viswanathan - RBC Capital Markets Larry De ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2022 Or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 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 (State or other jurisdiction of ...

Sealed Air Corporation (NYSE:SEE) Q4 2022 Earnings Conference Call February 9, 2023 10:00 AM ET Company Participants Brian Sullivan - Investor Relations Ted Doheny - Chief Executive Officer Emile Chammas - Chief Operating Officer Christopher Stephens - Chief Financial Officer Conference Call Participants Arun Viswanathan - RBC Capital Markets George Staphos - Bank of America Ghansham Panjabi - R.W. Baird Phil Ng - Jefferies Anthony Pettinari - Citi Angel Castillo - Morgan Stanley Adam Josephson - KeyBanc Ad ...

Q4 & FY 2022 Earnings and 2023 Outlook SEE Accelerating to High Quality Growth Company Ted Doheny, President & CEO Chris Stephens, SVP & CFO Emile Chammas, SVP & COO Brian Sullivan, Executive Director Assistant Treasurer & Investor Relations February 9, 2023 Conference Call Supplement (Unaudited Results) This presentation contains "forward-looking statements" within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. All statements other than statements of hist ...