$SEE (Sealed Air Corporation)

$SEE {{ '2016-03-11T19:26:28+0000' | timeago}} • SEC

$SEE repurchased approx. 16.1MM shares of its common stock in 2015 for $802MM at an avg. price of $49.73 per share. This includes 0.5MM shares purchased under the company's March ASR program for $25MM at an avg. price of $45.74 per share. The repurchase also includes 5.8MM shares purchased under the August ASR program for $299MM.

$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.

$SEE {{ '2017-02-09T12:30:21+0000' | timeago}} • Announcement

$SEE reported a 38% YoY jump in its 4Q16 earnings to $171MM, or $0.87 per diluted share. Excluding special items, the company's earnings remained flat at $0.76 per diluted share. Net sales for the quarter declined 0.6% to $1.7Bil, primarily due to a 0.3% negative impact related to Food Care divestitures.

$AOS {{ '2016-12-13T11:49:42+0000' | timeago}} • Announcement

$AOS has named Dr. Ilham Kadri to its Board of Directors. Dr. Kadri is a Senior Vice President at $SEE and President of the company's Diversey Care Division.

$SEE {{ '2016-10-27T17:06:13+0000' | timeago}} • Webcast

Commenting on the costs for creating new Diversey company, $SEE stated that it is still in the process of preparing the standalone financials. The company added that the financials will be available when it files the Form 10. $SEE doesn’t want to speculate any number at this time.

$SEE {{ '2016-10-27T16:56:53+0000' | timeago}} • Webcast

When asked about whether $SEE thought of selling Diversey Care business, the company said that the Board decided to go for a spin-off. $SEE believes that Diversey Care business will thrive over time as a standalone company.

$SEE {{ '2016-10-27T16:26:56+0000' | timeago}} • Webcast

Revenue for Food Care segment, which accounts for 47.5% of $SEE's sales in 3Q16, was down 2.6% to $814.6MM compared to a year ago. Diversey Care's revenue declined 0.8% to $497.4MM and Product Care's revenue declined 0.2% to $388.6MM.

$SEE {{ '2016-10-27T16:02:53+0000' | timeago}} • Webcast

$SEE reported that its Brand License Agreement with SC Johnson & Son will end in May 2017. The company already started working on developing new partnership with Spectrum Brands and Nakoma Products.

$SEE {{ '2016-10-27T15:52:15+0000' | timeago}} • Webcast

By separating food care, product care and medical business from Diversey Care and related hygiene business, $SEE will have two independent companies (New Sealed Air & New Diversey). Following the completion of the tax-free spin-off, $SEE shareholders will own 100% of the common stock of New Diversey. The transaction is expected to close in 2H17.

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