Last $47.13 USD
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As of 8:04 PM 02/27/15 All times are local (Market data is delayed by at least 15 minutes).

sealed air corp (SEE) Key Developments

Sealed Air’S Diversey Care Announces Five Year Global Contract with Carlson Rezidor Hotel Group

Sealed Air Corporation announced that its Diversey Care division signed a five-year global contract with Carlson Rezidor Hotel Group. This global contract represents a significant expansion from the previous 4-year Europe, Middle East and Africa (EMEA) contract and includes Diversey Care’s full suite of innovate products and services designed to meet Carlson Rezidor’s commitment to sustainability and high level of customer satisfaction. Through the use of end-to-end solutions that limit waste, including super concentrates and dosage equipment, Diversey Care will continue to reduce overall operational costs for the hotel group. Furthermore, Diversey Care’s range of eco-label products helps support Carlson Rezidor’s award-winning responsible business program by reducing any negative impact on the environment.

Sealed Air Corporation Declares Quarterly Cash Dividend, Payable on March 20, 2015

Sealed Air Corporation announced that its Board of Directors has declared a quarterly cash dividend of $0.13 per common share. The dividend is payable on March 20, 2015 to stockholders of record at the close of business on March 6, 2015.

Sealed Air Corporation Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2014; Provides Earnings Guidance for the Year 2015

Sealed Air Corporation reported unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2014. For the quarter, the company's net sales were $1,973.7 million compared to $2,012.5 million a year ago. Operating profit was $143.7 million compared to $174.9 million a year ago. Loss from continuing operations before income tax provision was $4.5 million compared to earnings of $70.0 million a year ago. Net earnings from continuing operations was $66.3 million or $0.31 per diluted share compared to $5.0 million or $0.02 per diluted share a year ago. Net earnings available to common stockholders was $66.3 million or $0.31 per diluted share compared to $29.0 million or $0.13 per diluted share a year ago. Non-U.S. GAAP adjusted operating profit was $200.2 million compared to $206.4 million a year ago. Non-U.S. GAAP adjusted earnings from continuing operations before income tax provision was $138.8 million compared to $105.3 million a year ago. Non-U.S. GAAP adjusted net earnings from continuing operations was $125.7 million or $0.59 per diluted share compared to $85.5 million or $0.39 per diluted share a year ago. Non-U.S. GAAP adjusted net earnings available to common stockholders was $125.7 million or $0.59 per diluted share compared to $85.5 million or $0.39 per diluted share a year ago. Non-U.S. GAAP adjusted EBITDA was $281.6 million compared to $270.1 million a year ago. For the year, the company's net sales were $7,750.5 million compared to $7,690.8 million a year ago. Operating profit was $653.6 million compared to $604.6 million a year ago. Earnings from continuing operations before income tax provision was $267.2 million compared to $180.2 million a year ago. Net earnings from continuing operations was $258.1 million or $1.20 per diluted share compared to $95.3 million or $0.44 per diluted share a year ago. Net earnings available to common stockholders was $258.1 million or $1.20 per diluted share compared to $125.8 million or $0.58 per diluted share a year ago. Cash flow used in operating activities - continuing operations was $201.9 million compared to cash flows provided by operating activities - continuing operations of $624.8 million a year ago. Capital expenditures for property and equipment was $153.9 million compared to $116.0 million a year ago. Non-U.S. GAAP adjusted operating profit was $786.1 million compared to $749.7 million a year ago. Non-U.S. GAAP adjusted earnings from continuing operations before income tax provision was $511.9 million compared to $377.3 million a year ago. Non-U.S. GAAP adjusted net earnings from continuing operations was $398.9 million or $1.86 per diluted share compared to $299.1 million or $1.39 per diluted share a year ago. Non-U.S. GAAP adjusted net earnings available to common stockholders was $398.9 million or $1.86 per diluted share compared to $299.1 million or $1.39 per diluted share a year ago. Non-U.S. GAAP adjusted EBITDA was $1,118.3 million compared to $1,040.5 million a year ago. Compared to December 31, 2013, the Company’s net debt decreased $241 million to $4.1 billion as of December 31, 2014. This decrease was primarily a result of cash generated from working capital and operating activities, partially offset by amounts paid for dividends and share repurchases. The company provided earnings guidance for the year 2015. For the year, the company's net sales were approximately $7.40 billion, adjusted EBITDA to be in the range of $1.15 billion to $1.18 billion, interest expense of $255 million, anticipated tax rate of 25%, adjusted EPS to be in the range of $2.08 to $2.18, free cash flow of approximately $600 million and capital expenditure of $180 million.

Sealed Air Corp. Plans to Close the Diversey Headquarters Operation in Mount Pleasant

Sealed Air Corp. plans to close the Diversey headquarters operation in Mount Pleasant at the end of September and lay off 165 employees over three years. Layoffs will begin in April, according to a notice of the layoffs that Sealed Air sent to the Wisconsin Department of Workforce Development. The company is building a new global headquarters in Charlotte, N.C., and may relocate some Mount Pleasant employees to work there.

Sealed Air Corporation Presents at Barclays Industrial Select Conference, Feb-19-2015 01:20 PM

Sealed Air Corporation Presents at Barclays Industrial Select Conference, Feb-19-2015 01:20 PM. Venue: Loews Miami Beach Hotel, 1601 Collins Avenue, Miami Beach, Florida, United States. Speakers: Jerome A. Peribere, Chief Executive Officer, President and Director.

 

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