Sealed Air ( (SEE) ) has released its Q4 earnings. Here is a breakdown of the information Sealed Air presented to its investors.
Sealed Air Corporation, a global leader in packaging solutions, specializes in sustainable, high-performance materials and automation for various industries, including food, medical, and e-commerce. In its latest earnings report, Sealed Air announced the completion of its reorganization into two market-focused businesses: Food and Protective. The company reported a slight decline in net sales for 2024, with a 2% decrease compared to the previous year, while the Food segment showed growth, offset by a decline in the Protective segment.
The company’s financial performance for the fourth quarter of 2024 showed flat net sales compared to the same period in 2023, with the Food segment experiencing a 3% increase and the Protective segment a 7% decrease. The net earnings for the full year 2024 were $270 million, down from $339 million in 2023, primarily due to higher restructuring costs and tax expenses. Despite these challenges, Sealed Air achieved $89 million in cost savings and reduced its net leverage ratio to 3.6x.
Sealed Air’s strategic focus on expanding its Food segment into higher growth markets and stabilizing its Protective segment is expected to drive growth and margin expansion in 2025. The company aims to enhance productivity and streamline operations to maximize shareholder value. The outlook for 2025 includes targeted net sales of $5.1 to $5.5 billion and adjusted EBITDA of $1.075 to $1.175 billion.
Looking ahead, Sealed Air is committed to accelerating its strategic initiatives to improve customer outcomes and enhance shareholder value. The company’s management remains focused on executing its growth strategies and optimizing its business operations to achieve its financial targets for 2025.