Packaging solutions provider Sealed Air has reported net sales of $1.33bn in the second quarter (Q2) of 2025, a slight decline of less than 1% compared to $1.34bn in the same quarter of the previous year.<\/p>\n
The company\u2019s net earnings for the quarter were reported at $94m, equating to $0.64 per diluted share, down from $98m, or $0.67 per diluted share, in the prior year.<\/p>\n
The results were affected by $38m in special items expenses, an increase from $23m in the previous year, attributed to higher professional services and other one-time charges, as well as increased costs related to the CTO2Grow programme.<\/p>\n
Adjusted earnings before interest, taxes, depreciation, and amortisation (EBITDA) for the quarter reached $293m, or 21.9% of net sales, compared to $285m, or 21.2%, in the same period last year.<\/p>\n
Adjusted earnings per diluted share rose by 7% to $0.89 from $0.83 in the previous year, mainly due to the increase in adjusted EBITDA and reduced interest expenses.<\/p>\n
In terms of segment performance, net sales in the Food division remained stable at $896m while the Protective segment experienced a 3% decline, with sales amounting to $439m.<\/p>\n
Cash flow from operating activities for the first half of 2025 was $168m, a decrease from $313m in the same period last year. Capital expenditures during this timeframe totalled $87m, down from $106m in the prior year.<\/p>\n
Sealed Air president and CEO Dustin Semach said: \u201cWhile our Protective [segment] turnaround will be nonlinear, this quarter is a mark of progress as we delivered our best volume performance since the fourth quarter of 2021 and our industrial portfolio inflected to volume growth.<\/p>\n
\u201cMarket pressures are accelerating, primarily in North America, as the impact of global trade policies weigh on economic growth and consumer spending patterns are beginning to shift.\u201d<\/p>\n
As of 30 June 2025, Sealed Air\u2019s total debt stood at $4.3bn, a reduction from $4.4bn at the end of December 2024.<\/p>\n
The company\u2019s net debt, calculated as total debt minus cash and cash equivalents, remained at $4bn for both of these periods. <\/p>\n
Sealed Air reported approximately $1.2bn in available liquidity, which comprises $354m in cash and $830m in unused lines of credit from its committed credit facilities.<\/p>\n
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