Last $36.10 USD
Change Today +0.29 / 0.81%
Volume 1.3M
SEE On Other Exchanges
Symbol
Exchange
New York
Stuttgart
As of 8:04 PM 08/29/14 All times are local (Market data is delayed by at least 15 minutes).

sealed air corp (SEE) Snapshot

Open
$35.94
Previous Close
$35.81
Day High
$36.18
Day Low
$35.69
52 Week High
04/30/14 - $37.20
52 Week Low
10/9/13 - $26.13
Market Cap
7.7B
Average Volume 10 Days
1.5M
EPS TTM
$1.12
Shares Outstanding
212.0M
EX-Date
09/3/14
P/E TM
32.3x
Dividend
$0.52
Dividend Yield
1.44%
Current Stock Chart for SEALED AIR CORP (SEE)

sealed air corp (SEE) Details

Sealed Air Corporation, through its subsidiaries, provides food safety and security, facility hygiene, and product protection solutions worldwide. The company operates through three segments: Food Care, Diversey Care, and Product Care. The Food Care segment provides integrated system solutions that incorporate equipment systems integrated into customers’ operations; consumables; and packaging equipment systems that incorporate options for loading, filling, dispensing, and retort and aseptic processing conditions. It also offers graphic design, printing, training, field quality assurance, and remote diagnostics services; and facility hygiene solutions, such as clean-in-place and open plant systems that integrate cleaning chemicals, lubricants, floor care equipment, and cleaning tools. This segment markets its solutions under the Cryovac, Diversey, Cryovac Grip & Tear, Cryovac Mirabella, Simple Steps, and Secure Check brand names to perishable food and beverage processors. The Diversey Care segment offers Diversey-branded solutions comprises integrated lines of products and dispensing systems for hard surface cleaning, disinfecting and sanitizing, hand washing, deodorizing, ware washing, hard surface and carpeted floor cleaning systems, cleaning tools and utensils, and fabric care for professional laundry applications. The Product Care segment provides various product care solutions to meet cushioning, void fill, positioning/block-and-bracing, surface protection, retail display, containment, and dunnage needs under the Bubble Wrap and Air Cap, Cryovac, Shanklin, Instapak, Jiffy, and Korrvu brands names directly, as well as through business supply distribution to fabricators, OEMs/contract manufacturers, e-commerce/fulfillment operations, and retail centers. It serves food and beverage processing, food service, retail, health care and industrial, commercial, and consumer markets. The company was founded in 1960 and is headquartered in Elmwood Park, New Jersey.

25,000 Employees
Last Reported Date: 02/28/14
Founded in 1960

sealed air corp (SEE) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $1.0M
Chief Financial Officer and Senior Vice Presi...
Total Annual Compensation: $540.3K
Vice President and President of Asia, Middle ...
Total Annual Compensation: $508.6K
Vice President and President of The Instituti...
Total Annual Compensation: $466.6K
Vice President and President of Food & Bevera...
Total Annual Compensation: $410.0K
Compensation as of Fiscal Year 2013.

sealed air corp (SEE) Key Developments

Carlyle To Reportedly Sell PQ Corporation

The Carlyle Group LP (NasdaqGS:CG) has decided to sell PQ Corporation's industrial catalysts business separately from its performance chemicals and specialty glass materials, Reuters reported citing people familiar with the matter. The catalysts business has attracted interest from BASF SE (DB:BAS), Umicore S.A. (ENXTBR:UMI), Johnson Matthey plc (LSE:JMAT) and Sealed Air Corporation (NYSE:SEE) while CCMP Capital Advisors, LLC has expressed interest for performance chemicals and specialty glass materials businesses. The Carlyle Group LP, BASF SE and Umicore S.A. declined to comment. PQ Corporation, Sealed Air Corporation and Johnson Matthey plc did not respond to requests for comment.

Sealed Air Corporation Amends and Restates Senior Secured Credit Facility with Bank of America, N.A

Sealed Air Corporation and certain of its subsidiaries entered into a second restatement agreement whereby its senior secured credit facility was amended and restated with Bank of America, N.A., as agent, and the other financial institutions party thereto. The changes include the refinancing of the term loan A facilities, term loan B facilities and revolving credit facilities with new term loan A facilities in an aggregate principal amount equivalent to $1,330 million and revolving credit facilities of $700 million, a new $100 million delayed draw term loan A facility, a 0.75% reduction of the interest rate margin for the term loan A facilities and revolving credit facilities, extension of the final maturity of the term loan A facilities and revolving credit commitment to July 25, 2019, adjustments to the financial maintenance covenant of Consolidated Net Debt to Consolidated EBITDA and other covenants to provide additional flexibility to the company and other amendments.

Sealed Air Corporation Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014; Revises Earnings Guidance for the Full Year 2014

Sealed Air Corporation announced unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. For the second quarter, the company reported net sales of $1,973.6 million compared with $1,937.4 million for the same period in the last year. Operating profit was $172.3 million $165.8 million for the same period in the last year. Earnings from continuing operations before income tax provision was $93.4 million compared with $72.2 million for the same period in the last year. Net earnings from continuing operations was $60.3 million or $0.28 per basic and diluted share compared with $54.3 million or $0.25 per diluted share a year ago. Net earnings available to common stockholders were $60.3 million or $0.28 per basic and diluted share compared with $56.3 million or $0.26 per diluted share for the same period in the last year. Non-U.S GAAP net sales were $1,937.6 million compared with $1,937.4 million for the same period in the last year. Non-U.S GAAP operating profit was $199.8 million compared with $188.5 million for the same period in the last year. Non-U.S GAAP earnings from continuing operations before income tax provision was $128.6 million compared with $95.7 million for the same period in the last year. Non-U.S GAAP net earnings available to common stockholders $90.6 million compared with $73.9 million for the same period in the last year. Non-U.S. GAAP adjusted EBITDA was $284.1 million compared with $262.2 million for the same period in the last year. Non-U.S GAAP net earnings per common share – diluted were $0.42 compared with $0.35 for the same period in the last year. For the six months, the company reported net sales of $3,801.3 million compared with $3,766.3 million for the same period in the last year. Operating profit was $327.2 million compared with $293.2 million for the same period in the last year. Earnings from continuing operations before income tax provision was $175.9 million compared with $63.7 million for the same period in the last year. Net earnings from continuing operations was $132.1 million or $0.61 per diluted share compared with $55.0 million or $0.26 per diluted share a year ago. Net earnings available to common stockholders $132.1 million compared with $59 million for the same period in the last year. Net earnings per common share - diluted were $0.61 compared with $0.28 for the same period in the last year. Cash flow used in operating activities - continuing operations was $762.3 million compared with cash flow provided by operating activities - continuing operations of $60 million for the same period in the last year. Capital expenditure for property and equipment was $55.1 million compared with $50.8 million for the same period in the last year. Non-U.S GAAP net sales were $3,801.3 million compared with $3,766.3 million for the same period in the last year. Non-U.S GAAP operating profit was $366.8 million compared with $340 million for the same period in the last year. Non-U.S GAAP earnings from continuing operations before income tax provision was $219.4 million compared with $156.8 million for the same period in the last year. Non-U.S GAAP net earnings available to common stockholders were $162 million compared with $123.8 million for the same period in the last year. Non-U.S GAAP net earnings per common share – diluted were $0.75 compared with $0.58 for the same period in the last year. Non-U.S. GAAP adjusted EBITDA was $536.3 million compared with $493.6 million for the same period in the last year. Net debt as on June 30, 2014 was $4,412.2 million against $4,332.2 million as on December 31, 2013. The company is increasing its full year 2014 outlook for net sales, adjusted EBITDA, adjusted EPS and free cash flow. For net sales, the company estimates approximately $7.75 billion, a $50 million increase from previously provided guidance. This assumes an estimated unfavorable impact of approximately 1% from foreign currency translation. Adjusted EPS is expected to be in the range of $1.65 to $1.70 as compared to the previously provided guidance of $1.50 to $1.60. Adjusted EBITDA is anticipated to be in the range of approximately $1.085 billion to $1.095 billion, an increase from the previously provided guidance of $1.050 billion to $1.070 billion. Free cash flow is estimated to be approximately $485 million as compared to the previously provided outlook of $425 million. The company is revising its 2014 estimates for cash restructuring charges and capital expenditures to be approximately $135 million and approximately $150 million, respectively. The company is still estimating the full year tax rate to be approximately 27%. The company estimate for depreciation and amortization of $315 million remains unchanged.

 

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SEE

Industry Average

Valuation SEE Industry Range
Price/Earnings 45.5x
Price/Sales 1.0x
Price/Book 5.4x
Price/Cash Flow 23.9x
TEV/Sales 0.3x
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