Sealed Air ( (SEE) ) has released its Q1 earnings. Here is a breakdown of the information Sealed Air presented to its investors.
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Sealed Air Corporation is a global leader in packaging solutions, offering sustainable and high-performance materials, automation, and services across various sectors including food, medical, and e-commerce.
In its first quarter of 2025, Sealed Air reported financial results that surpassed expectations, driven by strong execution in its core businesses. The company maintained its full-year guidance, emphasizing its focus on transformation and customer support amid market uncertainties.
Key financial highlights include a 40.2% increase in net earnings to $117 million and a 38.6% rise in diluted EPS to $0.79. Despite a 4.3% decline in net sales to $1.27 billion, the company achieved margin expansion through cost reductions and productivity improvements. Adjusted EBITDA slightly decreased by 0.7% to $276 million, while adjusted EPS grew by 3.8% to $0.81.
The Food segment saw a 2% decrease in net sales, with a 7% increase in adjusted EBITDA due to lower operating costs. Conversely, the Protective segment experienced a 9% drop in net sales and a 17% decline in adjusted EBITDA, attributed to lower volumes and unfavorable pricing.
Looking ahead, Sealed Air remains committed to its strategic initiatives and transformation efforts, aiming to navigate the evolving market landscape while maintaining its financial guidance for the year.