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.
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 $0.79 per share was 18% above analysts’ consensus estimates.
Integrated packaging solutions provider Sealed Air Corporation (NYSESEE)
will be reporting results tomorrow before market hours. Here’s what investors should know.
PALM BEACH, Fla., Sept. 10, 2024 (GLOBE NEWSWIRE) -- FN Media Group News Commentary - The food packaging markets are predicted to sustain significant growth over the next several years. Food packaging refers to packaging solutions used to protect, store, and preserve food products during distribution, sales, and consumption. Adoption of food packaging allows food processing companies to safeguard food from external elements such as moisture, light, and microorganisms as well as extend their shelf life. A report from Future Market Insights projects that: “The global food packaging market size is expected to increase from US$ 353.7 billion in 2023 to US$ 592.8 billion by 2033. In 2022, the worldwide food packaging industry was valued at US$ 335.9 billion. Over the forecast period from 2023 to 2033, global food packaging sales are anticipated to rise at 5.3% CAGR. A new estimation predicts global food packaging demand to rise at a significant pace during the assessment period. The target market is likely to expand 1.7x times the current market value during the forecast period, generating an attractive incremental growth opportunity of US$ 256.9 billion. Dairy products segment by application held a share of about 25.3% in 2022 within the global market. This is due to rising consumption of dairy products globally and growing need for highly-efficient packaging in dairy sector. Demand in the global market remains particularly high for plastic food packaging. The plastic material segment held a share of around 41.6% of the global food packaging industry. Further, it is expected to thrive at a CAGR of around 5.1% over the forecast period.” Active Companies in the industry includes: Nightfood Holdings Inc. (OTCQB: NGTF), Sealed Air (NYSESEE), Amcor plc NYSE: AMCRNYSEAMCR)(NASDAQ: KSCPNASDAQKSCP, NVIDIA (NASDAQ: NVDANASDAQ).
