CHARLOTTE, N.C., Jan. 9, 2025 /PRNewswire/ -- Sealed Air (NYSE: SEE) announced today that it will release its fourth quarter and full year 2024 results and 2025 outlook at approximately 7:00 a.m. EST on Tuesday, February 25, 2025, and will host a conference call and webcast at 10:00 a.m. EST.  The conference will be webcast live. Interested parties can view the events on Sealed Air's Investors homepage at www.sealedair.com/investors.  About Sealed AirSealed Air Corporation (NYSE: SEE), is a leading global p ...

Company Overview - Seeing Machines Limited is an advanced computer vision technology company specializing in AI-powered operator monitoring systems to enhance transport safety [1] - The company develops and licenses proprietary technology to leading automotive manufacturers and partners with major automotive and aviation industry brands [7] - Its technology precisely measures and analyzes head pose, eyelid movements, and eye gaze under various lighting conditions, including through sunglasses [7] - The data is processed to interpret driver attention state, drowsiness, and impairment levels, providing real-time inputs to advanced driver assistance systems (ADAS) and vehicle cockpit systems [7] CES 2025 Participation - Seeing Machines will showcase its world-leading interior sensing technology at CES 2025 in Las Vegas [1] - The company will demonstrate its next-generation software and algorithm developments for its FOVIO driver and occupant monitoring system (DMS/OMS) technology [2] - Demonstrations will be held in a private suite at the Westgate Las Vegas Resort and Casino and in a purpose-built test car [2] - The company will also present growth opportunities created by its recent collaboration with Mitsubishi [2] Technology and Partnerships - Seeing Machines' DMS and OMS technology is integrated into Tier 1 customer and partner demonstrations at CES [3] - The company's Guardian Generation 3 software will be featured at Ambarella's invitation-only exhibition, leveraging Ambarella's CV25 AI SoC for industry-leading AI performance per watt [3] - The company is integrating its interior sensing technology with QNX® Cabin, enabling OEMs to monitor driver drowsiness and distraction, ensuring compliance with international safety regulations [4] Regulatory and Market Impact - New laws mandating in-vehicle technology to monitor driver distraction and fatigue are driving regulatory momentum [5] - Seeing Machines has won 18 automotive programs for 11 individual OEMs, supported by over 18 billion kilometers of driving data [5] - The company collaborates with regulators and consumer safety bodies globally, leveraging its human factors team and AI-powered data to reduce road fatalities [5] Future Outlook - Seeing Machines' leadership and technical experts will explain how new regulations are driving innovation toward enhanced road safety at CES [6] - The company continues to expand its occupant monitoring features as Tier-1 and OEM customers adopt higher resolution wide field of view cameras [7]

Over 11.6 million risky driving events recorded across 3.6 billion kilometres of travel in 12 months More than 600,000 instances of mobile device use while driving were detected On average, Guardian captured over 51 fatigue events per hour and more than 5 distracted driving events every minute Human analysts confirm every single event and operate 24/7, offering industry leading intervention to get drivers home safely CANBERRA, Australia, Dec. 4, 2024 /PRNewswire/ -- Seeing Machines Limited (AIM: SEE), the a ...

Financial Data and Key Metrics - Q3 2024 sales were $1.35 billion, down 3% YoY [24] - Adjusted EBITDA was $276 million, down 3% YoY, with margins at 20.5%, down 10 basis points [24][27] - Adjusted EPS was $0.79, up 3% YoY [25] - Free cash flow year-to-date was $323 million, significantly higher than $183 million in the same period last year [38] - Net leverage ratio stood at 3.7x, with total liquidity at $1.4 billion [40] Business Line Performance - Food segment net sales were $898 million, up 1% YoY, driven by volume growth in all regions [29] - Food adjusted EBITDA was $206 million, up 6% YoY, with margins at 22.9%, up 120 basis points [32] - Protective segment net sales were $447 million, down 8% YoY, with adjusted EBITDA of $75 million, down 21% YoY [33][35] - Protective volumes declined 10% in the fulfillment portfolio, while APAC volumes grew 1% [33][34] Market Performance - Americas sales were down 2% organically, with volumes down 1% [36] - EMEA sales declined 6% organically, driven by lower pricing and volume declines in Protective [37] - APAC sales were up 3% organically, supported by the Australian cattle cycle and fulfillment automation gains [37] Strategy and Industry Competition - The company reorganized into two verticals: Food and Protective, to enhance customer focus and drive growth [8][16] - New leadership was appointed for both verticals, with a focus on commercial execution and sustainable portfolio shifts [11][12] - The company is accelerating cost takeout initiatives to improve profitability, particularly in the Protective segment [21][44] - Sustainability efforts include partnerships with large retail customers like Best Buy to reduce virgin plastic usage [18][19] Management Commentary on Operating Environment and Outlook - Management highlighted the impact of Hurricane Helene, which affected operations in South Carolina and Western North Carolina but was managed effectively [22][23] - Q4 2024 sales are expected to be approximately $1.3 billion, with adjusted EBITDA in line with guidance [42][43] - The company is confident in achieving a net debt to adjusted EBITDA target of below 3.5x by the end of 2025 [40] Other Important Information - The company improved working capital, with a 120 basis point YoY improvement in working capital as a percentage of sales [39] - A new director, Tony Allott, was appointed to the board, bringing extensive packaging industry experience [15] Q&A Session Summary Question: Protective segment performance in Q4 - Protective volumes are expected to improve sequentially in Q4, driven by holiday seasonality, but will still be down 6% YoY [48][49] - Fiber-based products are performing better than poly, but only account for 15% of the Protective business [51] Question: Timeline for Protective segment recovery - Management expects to provide a clearer outlook for Protective in February 2025, with improvements in void-fill and automation expected [58][61] Question: Impact of vertical reorganization - The reorganization aims to enhance operational effectiveness and focus on growth strategies, with early successes seen in the Food segment [64][70] Question: Cost takeout initiatives - The company is on track to achieve $90 million in cost savings in 2024 and is evaluating additional savings for 2025 [72][73] Question: Strategic focus on Protective segment - Management is focused on operationalizing the Protective vertical and improving its performance, with no immediate plans for divestments [78][80] Question: Food segment margin performance - Food margins benefited from volume growth and higher utilization, with expectations to remain in the low 20s [86] Question: Food volume trends and protein market dynamics - Food volumes grew 2.4% in Q3, driven by competitive wins and strong protein demand, with similar performance expected in Q4 [89][93] Question: Pricing dynamics in 2025 - Pricing dynamics are expected to improve in 2025, with better price/cost relationships in both Food and Protective segments [113][118] Question: Fiber product development and investment - The company is focusing on improving fiber-based mailers and void-fill products, with prototypes already in development [121][126] Question: Instapak and sustainability trends - Instapak remains an important part of the Protective portfolio, with sustainability trends varying based on whether products touch consumers or industrial markets [129][132]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 Or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 1-12139 SEALED AIR CORPORATION (Exact name of registrant as specified in its charter) Securities registered pursuant Title of E ...

O Sealed Air Q3 2024 Earnings and 2024 Outlook Patrick Kivits, CEO Dustin Semach, President & CFO Brian Sullivan, Investor Relations © 2024 Sealed Air | 1 November 7, 2024 - Conference Call Supplement (Unaudited Results) Safe Harbor and Regulation G Statement Forward-looking Statements This presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements can be identified by such words as "anticipate," "believe," "plan," ...

Sealed Air Corporation (SEE) reported third-quarter 2024 adjusted earnings per share (EPS) of 79 cents, which surpassed the Zacks Consensus Estimate of 66 cents by a margin of 19.7%. The bottom line increased 2.6% year over year.SEE’s results benefited from its cost take-out to grow program (CTO2Grow Program) and cost-control initiatives. Improvement in the Food segment’s results were offset by the continued weakness in the Protective segment.Including special items, the company delivered EPS from continuin ...

For the quarter ended September 2024, Sealed Air (SEE) reported revenue of $1.35 billion, down 2.7% over the same period last year. EPS came in at $0.79, compared to $0.77 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $1.34 billion, representing a surprise of +0.19%. The company delivered an EPS surprise of +19.70%, with the consensus EPS estimate being $0.66.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how ...

Sealed Air (SEE) came out with quarterly earnings of $0.79 per share, beating the Zacks Consensus Estimate of $0.66 per share. This compares to earnings of $0.77 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 19.70%. A quarter ago, it was expected that this packaging company would post earnings of $0.64 per share when it actually produced earnings of $0.83, delivering a surprise of 29.69%.Over the last four quarters, the comp ...

Exhibit 99.1 Sealed Air Reports Q3 2024 Results Third Quarter 2024 Highlights and Financial Results • Shifted operating structure into two distinct verticals, Food and Protective, and announced both vertical presidents with strong commercial packaging expertise • Volume growth in Food driven by strong end-market demand and competitive wins • Protective industrial and fulfillment portfolios continue to be weak • Cost take-out on track to generate $90 million of incremental cost savings for full-year 2024 • N ...