Sealed Air is a global leader in packaging solutions, providing innovative products and services that enhance the efficiency and sustainability of packaging across various industries
The company specializes in designing and manufacturing protective packaging materials, including foam and bubble wrap, as well as automated packaging systems. Sealed Air's offerings are focused on reducing waste and improving the supply chain for customers in sectors such as food, e-commerce, and industrial markets. With a commitment to sustainability, the company works towards delivering solutions that not only ensure product safety and integrity but also contribute to environmental responsibility.
Since August 2024, Sealed Air has been in a holding pattern, floating around $34.72. The stock also fell short of the S&P 500’s 16% gain during that period.
Let’s dig into the relative performance of International Paper (NYSEIP) and its peers as we unravel the now-completed Q3 industrial packaging earnings season.
The end of the earnings season is always a good time to take a step back and see who shined (and who not so much). Let’s take a look at how industrial packaging stocks fared in Q3, starting with Ball (NYSEBALL).
Looking back on industrial packaging stocks’ Q3 earnings, we examine this quarter’s best and worst performers, including Sealed Air (NYSESEE) and its peers.
Integrated packaging solutions provider Sealed Air Corporation (NYSESEE) met Wall Street’s revenue expectations in Q3 CY2024, but sales fell 2.7% year on year to $1.35 billion. The company’s outlook for the full year was close to analysts’ estimates with revenue guided to $5.4 billion at the midpoint. Its non-GAAP profit of $0.79 per share was 18% above analysts’ consensus estimates.
Integrated packaging solutions provider Sealed Air Corporation (NYSESEE)
will be reporting results tomorrow before market hours. Here’s what investors should know.
Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our analyst ratings page.
