Sealed Air (SEE) Soars to 2-Year High on Acquisition Reports

Core Insights - Sealed Air Corp. (NYSE:SEE) is experiencing significant stock performance, reaching a two-year high amid acquisition talks with investment firm Clayton, Dubilier and Rice (CD&R) [1][4] - The company reported a substantial increase in net profit for Q3, rising 109.4% to $186 million, primarily due to special items income of $57 million [2] - Despite the profit surge, net sales remained flat at $1.3 billion, with a 1% growth in the food segment offset by a 1% decline in the protective packaging unit [3] Financial Performance - Net profit for Q3 increased to $186 million from $89 million year-over-year, marking a 109.4% rise [2] - Net sales were flat at $1.3 billion, with a 1% increase in the food segment countered by a 1% decrease in the protective packaging unit [3] - The company adjusted its full-year net sales guidance, lowering the high-end estimate to $5.325 billion from $5.5 billion, while raising the low-end estimate to $5.275 billion from $5.1 billion [4]