$SEE (Sealed Air Corporation)

$SEE {{ '2016-04-28T11:57:49+0000' | timeago}} • Announcement

Packaging company $SEE reported a decline in 1Q16 earnings due to currency headwinds, divestitures and product rationalization efforts, and formula pricing in Food Care division. Net income slid to $91.9MM from $97.2MM, while EPS remained flat at $0.46. Net sales fell to $1.59Bil from $1.75Bil. Adjusted EPS fell to $0.50 from $0.54.

$SEE {{ '2017-10-20T12:05:39+0000' | timeago}} • Announcement

$SEE said William G. Stiehl, the current Chief Accounting Officer and Controller, will assume the role of Acting Chief Financial Officer. In this new role, he will succeed the current Senior Vice President and Chief Financial Officer Carol P. Lowe, who will depart the Company on October 31, 2017.

$SEE {{ '2017-10-09T12:20:20+0000' | timeago}} • Announcement

$SEE has declared a quarterly cash dividend of $0.16 per share on its common stock. The dividend is payable on December 15, 2017, to stockholders of record on December 1, 2017.

$SEE {{ '2017-10-05T21:16:52+0000' | timeago}} • Announcement

$SEE's BoD declared a quarterly cash dividend of $0.16 per common share. The dividend is payable on Dec. 15, 2017 to stockholders of record at the close of business on Dec. 1, 2017.

$SEE {{ '2017-09-25T20:52:34+0000' | timeago}} • Announcement

$SEE announced price increases ranging from 5-8% for the majority of its Food Care division’s North American products. This will be effective Oct. 2, 2017.

$SEE {{ '2017-09-11T20:52:47+0000' | timeago}} • Announcement

$SEE will acquire Fagerdala Singapore Pte Ltd., for approx. $100MM in cash. The sale is expected to close in October, 2017. Fagerdala is a manufacturer and fabricator of polyethylene foam with 14 manufacturing facilities and the company generated $80MM in sales in 2016.

$SEE {{ '2017-09-07T20:19:52+0000' | timeago}} • Announcement

$SEE CEO and President Jerome Peribere will retire at the end of December 2017. The Board simultaneously elected Edward (Ted) Doheny II as COO and CEO-Designate, as well as a Director of the company effective as of Sept 18, 2017. Doheny will assume the role of CEO and President, effective Jan 1, 2018.

$SEE {{ '2017-09-06T14:53:53+0000' | timeago}} • Announcement

$SEE completed the sale of its Diversey Care division and the food hygiene and cleaning business within its Food Care division to Bain Capital Private Equity for about $3.2Bil.

$SEE {{ '2017-07-07T20:58:00+0000' | timeago}} • Announcement

$SEE has declared a quarterly cash dividend of $0.16 per share on its common stock. The dividend is payable on September 15, 2017 to stockholders of record as of September 1, 2017.

$SEE {{ '2017-05-18T20:44:47+0000' | timeago}} • Announcement

$SEE declared a quarterly cash dividend of $0.16 per common share. The dividend is payable on June 16, 2017 to stockholders of record as of June 2, 2017.

$SEE {{ '2017-05-09T19:15:25+0000' | timeago}} • Webcast

$SEE said that it has done technology bolt-on acquisitions in the past and it will continue doing bolt-on acquisitions. However, the company is not planning for any huge M&A now. $SEE expects to do a regional bolt-on to reinforce its Product Care and Food Care divisions.

$SEE {{ '2017-05-09T11:32:03+0000' | timeago}} • Announcement

$SEE expects 2017 adjusted EPS of about $1.70 and assumes an adjusted tax rate of 28% and an estimated 196MM diluted shares outstanding, which is in line with diluted shares outstanding in 1Q17. $SEE sees 2017 free cash flow of about $390MM, including capital expenditures of about $175MM and cash restructuring payments of about $50MM.

$SEE {{ '2017-05-09T11:28:24+0000' | timeago}} • Announcement

$SEE expects 2017 adjusted EBITDA of about $825MM, as compared to $808MM for 2016. This outlook assumes $25MM of costs that were previously allocated to Diversey that were not included in earnings from discontinued operations. Currency is expected to have a negative impact of about $5MM on Adjusted EBITDA in 2017.

$SEE {{ '2017-05-09T11:26:47+0000' | timeago}} • Announcement

$SEE expects 2017 net sales of about $4.3Bil, as compared to $4.2Bil for the full year 2016. This sales performance is based on an expected 3% constant dollar sales growth in Food Care and 3-4% constant dollar sales growth in Product Care. Currency is expected to have a negative impact of $35MM on net sales in 2017.

$SEE {{ '2017-05-09T11:25:43+0000' | timeago}} • Announcement

$SEE slipped to a loss in 1Q17 from a profit last year, due to unfavorable impact of tax expense from pending sale of Diversey to Bain Capital Private Equity. Net loss was $43.2MM or $0.22 per share compared to a profit of $102.4MM or $0.51 per share last year. Sales grew to $1.03Bil from $1.01Bil. Adjusted EPS increased to $0.43 from $0.42.

$SEE {{ '2017-03-28T12:46:26+0000' | timeago}} • Announcement

$SEE agreed to sell its Diversey Care division and the food hygiene and cleaning business within its Food Care division to Bain Capital Private Equity. The board also determined that $SEE will maintain its quarterly cash dividend of $0.16 per common share, while $SEE reduces earnings dilution.

$SEE {{ '2017-03-28T12:43:19+0000' | timeago}} • Announcement

$SEE agreed to sell its Diversey Care division and the food hygiene and cleaning business within its Food Care division to Bain Capital Private Equity for about $3.2Bil. $SEE's BoD authorized a rise of share repurchase program by additional $1.5Bil of common stock. The sale of New Diversey is expected to close in 2H17.

$SEE {{ '2017-02-16T13:53:14+0000' | timeago}} • Announcement

The BoD of $SEE declared a quarterly cash dividend of $0.16 per share. The dividend is payable on March 17, 2017 to stockholders of record as of March 3, 2017.

$SEE {{ '2017-02-09T12:43:44+0000' | timeago}} • Announcement

In mid-Oct. 2016, $SEE announced plans to pursue a tax-free spin-off of its Diversey Care and related food hygiene and cleaning business, or 'New Diversey.' As the company proceed with its plan, it is also exploring other strategic alternatives, including a potential sale of New Diversey.

$SEE {{ '2017-02-09T12:40:52+0000' | timeago}} • Announcement

For 4Q16, $SEE's sales from Food Care division declined 0.2% YoY to $840MM. Diversey Care net sales declined 0.4% to $493MM, whereas Product Care declined 1.7% to 394MM.

$SEE {{ '2017-02-09T12:33:13+0000' | timeago}} • Announcement

$SEE estimates 2017 net sales to be essentially unchanged with 2016, which assumes an unfavorable impact of approx. 3% from foreign currency translation. Adjusted for unfavorable currency, net sales expected to increase approx. 2.5%. Adjusted EPS is expected to be approx. $2.70 for 2017.

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