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 Performance - Net sales for Q3 2024 were $1,345.1 million, a decrease of 2.6% compared to $1,381.8 million in Q3 2023[8] - Gross profit for Q3 2024 was $401.5 million, down from $413.3 million in Q3 2023, reflecting a gross margin of 29.8%[8] - Operating profit increased to $186.3 million in Q3 2024, compared to $157.6 million in Q3 2023, representing a growth of 18.2%[8] - Net earnings from continuing operations for Q3 2024 were $88.7 million, up 54% from $57.6 million in Q3 2023[8] - Net earnings for the three months ended September 30, 2024, were $91.7 million, compared to $56.6 million for the same period in 2023, representing a 62.5% increase[182] - Basic net earnings per common share for the three months ended September 30, 2024, were $0.63, up from $0.39 in 2023, reflecting a 61.5% increase[182] Assets and Liabilities - Total current assets increased to $2,059.5 million as of September 30, 2024, compared to $1,963.3 million as of December 31, 2023, reflecting a growth of 4.9%[7] - Total liabilities decreased to $6,549.9 million from $6,651.1 million, a reduction of 1.5%[7] - The total assets of the company increased to $7,321.1 million from $7,200.6 million, reflecting a growth of 1.7%[7] - Stockholders' equity increased to $771.2 million, compared to $549.5 million, reflecting a significant growth of 40.3%[7] - Retained earnings rose to $680.1 million, up from $496.5 million, an increase of 37.0%[7] Cash Flow and Investments - Net cash provided by operating activities for the nine months ended September 30, 2024, was $483.8 million, significantly higher than $192.5 million for the same period in 2023[14] - The company reported a net cash used in investing activities of $165.2 million for the nine months ended September 30, 2024, compared to $1,326.0 million in the same period of 2023[14] - Proceeds from long-term debt for the nine months ended September 30, 2024, amounted to $413.4 million, compared to $1,411.4 million in the same period of 2023[14] - The balance of cash and cash equivalents at the end of the period was $386.0 million, an increase from $281.3 million at the end of the same period in 2023[14] Segment Performance - Food segment net sales increased to $897.9 million in Q3 2024, up from $893.4 million in Q3 2023, representing a growth of 0.5%[58] - Protective segment net sales decreased to $447.2 million in Q3 2024, down from $488.4 million in Q3 2023, a decline of 8.5%[58] - Total segment adjusted EBITDA for Q3 2024 was $281.4 million, a decrease of 2.7% from $289.3 million in Q3 2023[59] - Food segment adjusted EBITDA margin improved to 22.9% in Q3 2024, compared to 21.7% in Q3 2023[59] - Protective segment adjusted EBITDA margin decreased to 16.9% in Q3 2024, down from 19.5% in Q3 2023[59] Debt and Financing - The company reported a current portion of long-term debt of $58.1 million, up from $35.7 million, indicating a rise of 62.5%[7] - Total debt outstanding as of September 30, 2024, is $4.5318 billion, a decrease from $4.6903 billion at December 31, 2023[95] - The company issued $400 million in senior notes due 2032 with a 6.500% interest rate, maturing on July 15, 2032[99] - The weighted average interest rate on long-term debt outstanding as of September 30, 2024, is 5.5%[96] Dividends and Share Repurchase - Dividends paid on common stock for the nine months ended September 30, 2024, were $88.8 million, slightly lower than $88.9 million in the same period of 2023[14] - The company has a remaining share repurchase authorization of $536.5 million as of September 30, 2024, with no shares repurchased during the three and nine months ended September 30, 2024[159][160] - The company declared quarterly cash dividends of $0.20 per common share, totaling $29.1 million, for each of the three months ended September 30, 2024[162][163] Accounting and Compliance - The Condensed Consolidated Financial Statements are prepared in accordance with SEC interim reporting requirements, with certain annual footnotes and financial information omitted[18] - The Company emphasizes that actual results could differ from estimates made in the preparation of the Condensed Consolidated Financial Statements[18] - There were no significant changes to the accounting policies as disclosed in the 2023 Form 10-K[20] Market and Strategic Focus - Sealed Air Corporation focuses on sustainable packaging solutions across various end markets, including food, medical, and e-commerce[15] - The company’s portfolio includes well-known brands such as CRYOVAC, LIQUIBOX, and BUBBLE WRAP, emphasizing its competitive strengths in high-performance packaging solutions[16] - The company anticipates continued growth initiatives and market expansion in the upcoming quarters, although specific numerical guidance was not provided[4]

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 ...

Analysts on Wall Street project that Sealed Air (SEE) will announce quarterly earnings of $0.66 per share in its forthcoming report, representing a decline of 14.3% year over year. Revenues are projected to reach $1.34 billion, declining 2.8% from the same quarter last year.The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe.Before a company announces its ...

CHARLOTTE, N.C., Oct. 17, 2024 /PRNewswire/ -- Sealed Air (NYSE: SEE) announced today that its Board of Directors has declared a quarterly cash dividend of $0.20 per common share. The dividend is payable on December 20, 2024 to stockholders of record at the close of business on December 6, 2024. About Sealed Air Sealed Air Corporation (NYSE: SEE), is a leading global provider of packaging solutions that integrate sustainable, high-performance materials, automation, equipment and services. Sealed Air designs ...

CHARLOTTE, N.C., Oct. 8, 2024 /PRNewswire/ -- Sealed Air (NYSE: SEE) announced today that it will release its third quarter 2024 results at approximately 7:00 a.m. (ET) on Thursday, November 7, 2024 and will host a conference call and webcast at 10:00 a.m. (ET). 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 Air Sealed Air Corporation (NYSE: SEE), is a leading global provider of packaging solutions t ...

Group 1 - Sealed Air Corporation announced the appointment of Anthony (Tony) Allott to its Board of Directors [1] - Tony Allott has extensive experience in the packaging sector, having served as CEO and President of Silgan Holdings Inc. for 16 years [2][5] - Allott's previous roles include Senior Vice President and CFO of Applied Extrusion Technologies, where he played a key role in a significant acquisition [3] Group 2 - Allott holds a Bachelor of Science in business administration from Boston University and is a cofounder of Waypoint Investors, LLC [4] - The Board Chairman of Sealed Air expressed confidence in Allott's ability to create shareholder value and help accelerate the company's transformation [5] - Allott stated his commitment to partnering with the leadership team to achieve long-term profitable growth for Sealed Air [6] Group 3 - Sealed Air is a leading global provider of packaging solutions, generating $5.5 billion in sales in 2023 and employing approximately 17,000 people [7]