Sealed Air returns to profit in Q4 2025

Core Insights - Sealed Air reported a net earnings of $44 million for Q4 2025, a significant recovery from a net loss of less than $1 million in the same period last year [1] - The company's net sales increased by 2% to $1.4 billion, with the protective segment growing by 3% and the food segment by 2% [1] - The company is set to go private in an acquisition by CD&R, valued at $10.3 billion, with stockholders receiving $42.15 per share [4] Financial Performance - Adjusted EBITDA for Q4 reached $278 million, representing 19.8% of net sales, compared to $271 million or 19.7% of net sales in the previous year [2] - For the full year 2025, Sealed Air's net sales totaled $5.36 billion, a slight decrease of less than 1% from 2024, while full-year net earnings rose to $441 million from $270 million in 2024 [5] - Adjusted EBITDA for the full year was reported at $1.1 billion, representing 21.2% of net sales [5] Segment Performance - Food segment sales for Q4 were $937 million, a 2% increase from the previous year, with currency impacts contributing a positive $28 million [3] - Protective segment sales totaled $464 million, up 3%, including a favorable currency impact of $10 million [3] - The improvement in overall performance was attributed to reduced operating costs from productivity gains and favorable currency effects, despite challenges in net price realization and lower food segment volumes [3] Acquisition Details - The acquisition by CD&R was agreed upon in November 2025, with stockholder approval obtained at a special meeting last month [4] - The transaction is expected to close in mid-2026, pending regulatory approvals and customary closing conditions [4]