Sealed Air Corporation (SEE) Bundle
A Brief History of Sealed Air Corporation (SEE)
Company Overview
Sealed Air Corporation (NYSE: SEE) is a global packaging solutions company headquartered in Elmwood Park, New Jersey.
| Fiscal Year 2023 Financial Highlights | Amount |
|---|---|
| Total Revenue | $6.3 billion |
| Net Income | $416 million |
| Market Capitalization | $6.8 billion |
| Employees | 16,500 |
Product Segments
- Food Packaging Solutions
- Product Packaging Solutions
- Protective Packaging Solutions
Global Presence
Sealed Air operates in 57 countries across multiple continents, with manufacturing facilities in 25 countries.
| Regional Revenue Distribution | Percentage |
|---|---|
| North America | 45% |
| Europe | 30% |
| Asia Pacific | 15% |
| Latin America | 10% |
Key Financial Performance
As of Q4 2023, Sealed Air reported earnings per share of $2.41.
Sustainability Initiatives
- Goal to use 50% recycled content in packaging by 2025
- Committed to reducing carbon emissions by 25% by 2030
Who Owns Sealed Air Corporation (SEE)
Major Institutional Shareholders
| Shareholder | Shares Owned | Percentage |
|---|---|---|
| The Vanguard Group, Inc. | 13,801,878 | 12.48% |
| BlackRock Inc. | 9,643,706 | 8.71% |
| State Street Corporation | 6,795,080 | 6.14% |
| JPMorgan Chase & Co. | 5,594,227 | 5.05% |
Top Institutional Owners
- Aristotle Capital Management LLC: 4,990,629 shares
- Dimensional Fund Advisors LP: 4,541,526 shares
- Impax Asset Management Group plc: 3,919,422 shares
Insider Ownership
Edward L. Doheny II, President and CEO, owns 524,830 shares.
Public Float
Total shares outstanding: 110,669,968
Ownership Structure
Publicly traded on New York Stock Exchange (NYSE) under ticker symbol SEE
Sealed Air Corporation (SEE) Mission Statement
Corporate Mission Overview
Sealed Air Corporation focuses on developing food safety, facility hygiene, and product protection solutions globally.
Financial Performance Metrics
| Financial Metric | 2023 Value |
|---|---|
| Annual Revenue | $6.5 billion |
| Net Income | $516 million |
| Market Capitalization | $7.2 billion |
Strategic Objectives
- Deliver innovative packaging solutions
- Enhance food preservation technologies
- Reduce environmental waste
- Improve global supply chain efficiency
Key Business Segments
| Segment | 2023 Revenue |
|---|---|
| Food Packaging | $3.8 billion |
| Product Protection | $2.7 billion |
Sustainability Commitments
Circular Economy Goals:
- 100% recyclable or reusable packaging by 2025
- 30% recycled content in packaging materials
- Reduce carbon emissions by 25% by 2030
Global Operational Footprint
| Metric | 2023 Data |
|---|---|
| Countries Operated | 60+ |
| Manufacturing Facilities | 124 |
| Total Employees | 17,500 |
How Sealed Air Corporation (SEE) Works
Company Overview
Sealed Air Corporation (SEE) reported annual revenue of $6.075 billion in 2022. Market capitalization was approximately $7.2 billion as of January 2024. The company is headquartered in Charlotte, North Carolina.
Business Segments
| Segment | Revenue 2022 | Primary Products |
|---|---|---|
| Food Packaging | $4.2 billion | Cryovac packaging, protective solutions |
| Product Protection | $1.875 billion | Bubble wrap, protective packaging materials |
Global Operations
Sealed Air operates in 64 countries with 17,500 employees. Manufacturing facilities are located in North America, Europe, Asia, and South America.
Key Financial Metrics
- Gross Margin: 34.2%
- Operating Income: $919 million
- Net Income: $571 million
- Earnings Per Share: $3.47
Product Innovation
Research and development spending in 2022 was $132 million. The company holds 670 active patents globally.
Sustainability Initiatives
- Goal of 100% recyclable or reusable packaging by 2025
- 50% reduction in virgin plastic usage by 2030
- Carbon neutrality target by 2040
Stock Performance
NYSE ticker: SEE. Stock price range in 2023: $54.37 - $71.89. Dividend yield: 2.1%.
How Sealed Air Corporation (SEE) Makes Money
Revenue Streams
Sealed Air Corporation generates revenue through two primary business segments:
| Segment | 2023 Net Sales | Primary Products |
|---|---|---|
| Food Packaging | $5.4 billion | Cryovac food packaging solutions |
| Product Protection | $3.2 billion | Bubble wrap, protective packaging |
Product Categories
- Food Packaging Solutions
- Protective Packaging
- Automated Packaging Systems
Financial Performance
Financial highlights for fiscal year 2023:
| Metric | Amount |
|---|---|
| Total Revenue | $8.6 billion |
| Net Income | $538 million |
| Gross Margin | 37.2% |
Global Market Presence
Geographic revenue distribution:
| Region | Percentage of Revenue |
|---|---|
| North America | 52% |
| Europe | 28% |
| Asia Pacific | 15% |
| Other Regions | 5% |
Key Customer Industries
- Food Processing
- E-commerce
- Medical Packaging
- Industrial Manufacturing
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