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1. Company Snapshot

1.a. Company Description

Sealed Air Corporation provides food safety and security, and product protection solutions and equipment in North America, South America, Europe, the Middle East, Africa, and the Asia Pacific.It operates through two segments, Food and Protective.The Food segment offers integrated packaging materials and automation equipment solutions to provide food safety and shelf life extension, reduce food waste, automate processes, and optimize total cost for food processors in the fresh red meat, smoked and processed meats, poultry, seafood, plant-based, and dairy markets under the CRYOVAC, CRYOVAC Grip & Tear, CRYOVAC Darfresh, Simple Steps, and Optidure brands.


This segment sells its solutions directly to customers through its sales, marketing, and customer service personnel.The Protective segment provides foam, inflatable, suspension and retention, temperature assurance packaging solutions to protect goods to e-commerce, consumer goods, pharmaceutical and medical devices, and industrial manufacturing markets under the SEALED AIR, BUBBLE WRAP, AUTOBAG, SEALED AIR, AUTOBAG, Instapak, Korrvu, Kevothermal, and TempGuard brands.This segment sells its solutions through supply distributors, as well as directly to fabricators, original equipment manufacturers, contract manufacturers, logistics partners, and e-commerce/fulfillment operations.


Sealed Air Corporation was incorporated in 1960 and is headquartered in Charlotte, North Carolina.

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1.b. Last Insights on SEE

Sealed Air Corporation's recent performance was positively driven by its Q3 earnings beat, with quarterly earnings of $0.87 per share exceeding the Zacks Consensus Estimate of $0.68 per share. The company's Reinvent SEE cost savings program supported its performance despite softer volumes in its Protective and Food segments. Additionally, Sealed Air's Adjusted EBITDA and EPS increased by 4% and 10%, respectively, reflecting ongoing productivity initiatives and operational discipline. The company is also exploring a potential take-private deal, which could alleviate financial woes.

1.c. Company Highlights

2. Sealed Air's Q3 2025 Earnings: A Mixed Bag

Sealed Air's Q3 2025 earnings report presented a mixed picture, with the company delivering sales of $1.35 billion, up 0.5% as reported, or down 1% on a constant currency basis. The adjusted EBITDA was $287 million, up 4% as reported or 3% on a constant currency basis, resulting in an adjusted EBITDA margin of 21.3%, up 80 basis points year-over-year. The company's EPS came in at $0.87, beating analyst estimates of $0.68.

Publication Date: Nov -13

📋 Highlights
  • Q3 Sales & Adjusted EBITDA:: Reported sales of $1.35B (+0.5%) with adjusted EBITDA of $287M (+4%) despite market challenges.
  • Protective Segment Turnaround:: Materials volume inflected higher for the first time since 2021, driven by industrial portfolio growth and national account wins.
  • Foodservice Growth:: Foodservice volumes rose 4% in Q3, fueled by fluids/liquids portfolio and displacement of rigid packaging with flexibles.
  • Margin Expansion:: Adjusted EBITDA margin improved to 21.3% (+80 bps YoY) via productivity savings and cost controls.
  • Full-Year Guidance:: Raised EBITDA forecast to $1.12B–$1.14B ($400M midpoint sales) as Q4 volume declines offset by pricing and productivity.

Segmental Performance

The Protective business saw sales sequentially improve with material volumes inflecting for the first time since 2021. The North American business has stabilized and is performing relatively in line with the market. The food segment saw relatively flat volume in the quarter, driven by growth in the foodservice portfolio. The company's protective materials segment grew for the first time since 2021, a key milestone in the third quarter.

Guidance and Outlook

The company sees market pressures accelerating in the fourth quarter, resulting in volumes lower than anticipated, particularly in North America Food. However, the company is targeting the $5.3 billion midpoint of its tightened full-year sales range and raising the adjusted EBITDA expected range to $1.12 billion to $1.14 billion. The company is also reaffirming its full-year free cash flow to be approximately $400 million and lowering its full-year capital expenditure projection to $175 million.

Valuation Metrics

With a P/E Ratio of 13.88 and an EV/EBITDA of 5.88, the market seems to be pricing in moderate growth expectations. The company's ROE of 43.19% and ROIC of 10.85% indicate a strong ability to generate returns on equity and invested capital. Analysts estimate next year's revenue growth at 1.2%, which may be a conservative estimate given the company's transformation initiatives and productivity gains.

Transformation Initiatives

As Kristen Actis-Grande, the new CFO, noted, the transformation is well-built-out and has a lot of specificity, with data-driven and actionable initiatives. The company is focused on continuing to optimize each segment and their outlook. The company's focus on capital expenditures that are accretive to ROIC and its efforts to reduce costs and improve efficiency are expected to drive better business outcomes.

Conclusion on Financial Health

3. NewsRoom

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Johnson Fistel Investigates Potential Board Fiduciary Duty Breaches in the Sealed Air Buyout

Dec -04

Source: prnewswire.com

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Fatigue risk persists in commercial transport globally according to Seeing Machines' latest Guardian Insights Report, released today

Dec -04

Source: prnewswire.com

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Sealed Air Corporation (NYSE:SEE) Given Average Recommendation of “Moderate Buy” by Brokerages

Dec -03

Source: defenseworld.net

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Sealed Air Corporation $SEE Shares Purchased by Brandes Investment Partners LP

Dec -02

Source: defenseworld.net

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Johnson Fistel Investigates Potential Board Fiduciary Duty Breaches in the Sealed Air Buyout

Dec -01

Source: globenewswire.com

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Halper Sadeh LLC Encourages RPTX, THS, RMBI Shareholders to Contact the Firm to Discuss Their Rights

Nov -27

Source: globenewswire.com

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HAPPY THANKSGIVING AND ALERT: The M&A Class Action Firm Continues to Investigate the Merger – EXAS, SEE, CDTX, and MRSN

Nov -27

Source: globenewswire.com

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BRODSKY & SMITH SHAREHOLDER UPDATE: Notifying Investors of the Following Investigations: Sealed Air Corporation (NYSE – SEE), Movano Inc. (Nasdaq - MOVE), Gulf Island Inc. (Nasdaq - GIFI), Denny’s Corporation (Nasdaq - DENN)

Nov -24

Source: globenewswire.com

4. Business Breakdown

4.a. Revenues by Country

4.b. Revenues by Segment

5. Expected revenues mid-term growth (2.00%)

6. Segments

Food

Expected Growth: 2.0%

Sealed Air's Food segment growth is driven by increasing demand for convenient and sustainable packaging solutions, particularly in the fresh food and e-commerce channels. The company's innovative products, such as Cryovac and Darfresh, are well-positioned to capitalize on these trends, resulting in a 2.0% growth rate.

Protective

Expected Growth: 2.0%

Protective packaging growth driven by e-commerce expansion, increasing demand for sustainable packaging solutions, and rising need for product protection in the logistics and shipping industries, aligning with Sealed Air Corporation's focus on innovative and eco-friendly products.

7. Detailed Products

Bubble Wrap

A type of packaging material used to protect fragile items during shipping and storage

Inflatable Packaging

A type of packaging material that uses air-filled bags to protect items during shipping

Paper-Based Packaging

A sustainable packaging solution made from paper-based materials

Foam Packaging

A type of packaging material used to protect items with custom-fit foam inserts

Automated Packaging Systems

A range of automated packaging solutions for e-commerce fulfillment and logistics

Diversey Cleaning and Hygiene Solutions

A range of cleaning and hygiene products for the food, hospitality, and healthcare industries

Cryovac Brand Food Packaging

A range of packaging solutions for the food industry, including vacuum packaging and modified atmosphere packaging

8. Sealed Air Corporation's Porter Forces

Forces Ranking

Threat Of Substitutes

Sealed Air Corporation's products are moderately substitutable, as customers can opt for alternative packaging solutions. However, the company's focus on innovation and sustainability helps to differentiate its products and reduce the threat of substitutes.

Bargaining Power Of Customers

Sealed Air Corporation's customers have limited bargaining power due to the company's strong brand reputation and diversified customer base. Additionally, the company's products are often customized to meet specific customer needs, reducing the ability of customers to negotiate prices.

Bargaining Power Of Suppliers

Sealed Air Corporation's suppliers have moderate bargaining power due to the company's dependence on raw materials such as resin and paper. However, the company's diversified supply chain and long-term contracts help to mitigate the risk of supplier negotiations.

Threat Of New Entrants

The threat of new entrants in the packaging industry is low due to the high barriers to entry, including significant capital investments and regulatory hurdles. Sealed Air Corporation's established brand and customer relationships also make it difficult for new entrants to gain traction.

Intensity Of Rivalry

The packaging industry is highly competitive, with several established players competing for market share. Sealed Air Corporation faces intense competition from companies such as Amcor, Mondi, and WestRock, which can lead to pricing pressures and reduced profit margins.

9. SWOT Analysis

Strength

Weaknesses

Opportunities

Threats

10. Capital Structure

10.a. Balance Sheet

10.b. Weighted Average Cost of capital

Value
Debt Weight 89.55%
Debt Cost 7.84%
Equity Weight 10.45%
Equity Cost 10.50%
WACC 8.12%
Leverage 856.54%

11. Quality Control: Sealed Air Corporation passed 2 out of 9 key points

12.a Historical Valuation

12.b Price/Earnings Ratio

12.c Margin Valuation

12.d Peers Valuation

Peers Group Analysis

Stock-Card
Greif

A-Score: 5.6/10

Value: 6.9

Growth: 4.2

Quality: 4.2

Yield: 7.0

Momentum: 4.0

Volatility: 7.0

1-Year Total Return ->

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Crown Holdings

A-Score: 5.5/10

Value: 6.2

Growth: 5.0

Quality: 5.0

Yield: 2.0

Momentum: 6.0

Volatility: 9.0

1-Year Total Return ->

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Stock-Card
Sealed Air

A-Score: 5.2/10

Value: 5.3

Growth: 4.3

Quality: 4.9

Yield: 4.0

Momentum: 5.0

Volatility: 7.3

1-Year Total Return ->

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Stock-Card
Berry Global

A-Score: 5.1/10

Value: 6.0

Growth: 5.8

Quality: 4.3

Yield: 2.0

Momentum: 6.0

Volatility: 6.7

1-Year Total Return ->

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Stock-Card
Silgan

A-Score: 4.4/10

Value: 4.5

Growth: 5.2

Quality: 3.9

Yield: 3.0

Momentum: 2.5

Volatility: 7.3

1-Year Total Return ->

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Stock-Card
WestRock

A-Score: 3.4/10

Value: 4.9

Growth: 2.7

Quality: 2.7

Yield: 2.0

Momentum: 5.0

Volatility: 3.3

1-Year Total Return ->

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Peers Metrics

12.e Scoring Insights

12.f DCF BETA

Parameters

Short Term Growth

Short term Time

Long-Term Growth

WACC

Target Price

41.74$

Current Price

41.74$

Potential

-0.00%

Expected Cash-Flows