Sealed Air Corp: Continue To Stay On The Side Lines [Seeking Alpha]
Sealed Air Corporation (SEE)
Last sealed air corporation earnings: 2/11 07:00 am
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US:NYSE Investor Relations:
ir.sealedair.com
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Source: Seeking Alpha
Food segment experiencing weak volumes and pricing headwinds, while Protective segment faces e-commerce competition and plastic packaging pressure. Management's FY24 guidance overly optimistic, relying on second-half recovery in volatile macro environment. Investment action I recommended a hold rating for Sealed Air Corp. ( NYSE: SEE ) when I wrote about it the last time , as I saw visible weakness in the business over the course of 2H23. Based on my current outlook and analysis of SEE, I recommend a hold rating. I still think the outlook for SEE is not great. While there are some positive early indicators, the overall demand outlook remains uncertain and weak. Also, I find management FY24 guidance too aggressive, adding more risk to the stock given it is heavily dependent on a 2H24 recovery (which is at the mercy of where the macroeconomy moves towards—in other words, a wild card). Review SEE 4Q23 headline results were sales of ~$1.38 billion, adj. EBITDA of $274 million (
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News
- SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Sealed Air Corporation - SEEAccesswire
- Earnings Preview: Sealed Air (SEE) Q1 Earnings Expected to Decline [Yahoo! Finance]Yahoo! Finance
- SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Sealed Air Corporation - SEEGlobeNewswire
- Contract Packaging Market to Reach $233 Billion by 2033; Expansion of E-Commerce Packaging Enterprises to Propel Growth [Yahoo! Finance]Yahoo! Finance
- SEE and Ossid Create Strategic Partnership To Offer New Sustainable Tray Overwrapping Total Solution [Yahoo! Finance]Yahoo! Finance
SEE
Earnings
- 2/27/24 - Beat
SEE
Sec Filings
- 4/19/24 - Form 4
- 4/11/24 - Form ARS
- 4/11/24 - Form DEF
- SEE's page on the SEC website