SEE
Sealed Air Corporation41.67
-0.41-0.97%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
No earnings call transcript available
Key Stats
Market Cap
6.13BP/E (TTM)
15.49Basic EPS (TTM)
2.69Dividend Yield
0.02%Recent Filings
8-K
Acquisition approved, financing details out
Sealed Air's stockholders approved its acquisition by CD&R affiliates on February 25, 2026, per the November 2025 merger agreement, with debt financing now in motion. Pro Forma Adjusted EBITDA—fully reconciled in the 8-K—hit $1,329.1M for 2025, up from $1,127.4M in 2024, driven by $131M in projected public-to-private and cost savings. Financing hinges on lender views. Risks loom from regulatory approvals.
8-K
Debt financing for CD&R buyout detailed
Sealed Air disclosed debt financing details for its pending CD&R acquisition, approved by stockholders on February 25, 2026. Expect $4.3B senior secured USD term loan, $600M euro term loan, $1.15B senior secured notes, plus other tranches and $1.4B revolver to fund the deal. It plans to redeem most existing notes at close, leaving $450M 2033 notes outstanding. Final terms hinge on market conditions.
10-K
FY2025 results
Sealed Air posted FY2025 net sales of $5.4B, down less than 1% y/y amid flat Food contribution but 2.5% Protective drop, yet Q4 saw second-half sales strength per seasonality. Net earnings from continuing operations soared to $441M from $270M, fueled by favorable U.S. tax resolutions slashing the effective rate to 7.4%. Operating cash flow dipped to $628M on higher taxes and incentives, but free cash flow held at $459M after $170M capex; debt fell $394M to $4.0B (net leverage 2.95x). No buybacks; $120M dividends paid. Pending CD&R merger ($42.15/share, $10.3B EV) eyes mid-2026 close. Regulatory delays could derail quarterly momentum.
8-K
Q4 results; CD&R deal approved
Sealed Air reported Q4 net sales up 2.1% to $1.4B and full-year Adjusted EBITDA up 2.1% to $1,134M, despite flat prices and soft volumes. Stockholders approved the $10.3B all-cash CD&R buyout at $42.15/share on February 25; close eyed for mid-2026 pending clearances. Net leverage fell to 3.2x. Regulatory hurdles loom.
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