Sealed Air(US:SEE) Prnewswire·2025-11-04 11:45Core Insights - Sealed Air Corporation reported a strong performance in Q3 2025, achieving net earnings of $186 million, a significant increase of 109.4% compared to $89 million in Q3 2024, driven by improved operational efficiency and favorable tax resolutions [3][7][12]. Financial Performance - Net sales for Q3 2025 were $1.351 billion, a slight increase of 0.5% from $1.345 billion in Q3 2024, with the Food segment up 1% and the Protective segment down 1% [4][5]. - Adjusted EBITDA rose to $287 million, representing a 4.2% increase from $276 million in the previous year, with an adjusted EBITDA margin of 21.3% [4][8]. - Adjusted diluted EPS increased by 10.1% to $0.87 from $0.79 in Q3 2024, reflecting higher adjusted EBITDA and lower interest expenses [4][8]. Business Segment Highlights - The Food segment generated net sales of $910 million, up 1% as reported, with adjusted EBITDA of $215 million, or 23.6% of net sales, an increase from 22.9% in the prior year [9]. - The Protective segment reported net sales of $442 million, a decrease of 1%, with adjusted EBITDA of $78 million, or 17.7% of net sales, up from 16.9% in the previous year [10]. Cash Flow and Debt Management - Cash flow from operations for the first nine months of 2025 was $334 million, down 30.9% from $484 million in the prior year, primarily due to higher incentive compensation and tax payments [11]. - Total debt decreased to $4.2 billion as of September 30, 2025, from $4.4 billion at the end of 2024, with a net debt to adjusted EBITDA ratio below 3.5x [14][12]. 2025 Full Year Outlook - The company raised its full-year outlook for adjusted EBITDA to a range of $1.120 to $1.140 billion and adjusted EPS to $3.25 to $3.35, while maintaining net sales expectations between $5.275 to $5.325 billion [15].