Sealed Air Reports Fiscal Year 2025 Results and Announces $10.3 Billion Merger

**Sealed Air Reports Fiscal Year 2025 Results Amidst Pending Merger**

Sealed Air Corporation (SEE) reported its financial results for the fiscal year 2025, posting net sales of $5.4 billion and net earnings from continuing operations of $441 million. The company also generated $628 million in net cash provided by operating activities. These figures reflect a slight decrease in net sales compared to the $5.4 billion reported in 2024, primarily due to lower volumes in both the Food and Protective segments. However, net earnings saw a significant increase from $270 million in the previous year, attributed to lower tax expenses resulting from the favorable resolution of certain U.S. historical tax matters and reduced net interest expenses.

Operationally, Sealed Air experienced a mixed performance across its segments. The Food segment saw a modest increase in net sales, while the Protective segment experienced a decline. The company's strategy remains focused on creating long-term partnerships with customers, advancing automated packaging solutions, and maximizing productivity. Research and development expenses totaled $82 million, reflecting the company's commitment to innovation in packaging solutions. Employee headcount stood at approximately 16,100 as of December 31, 2025, with a significant portion of the workforce covered by collective bargaining agreements.

A key development during the year was the definitive merger agreement entered into on November 16, 2025, with entities affiliated with Clayton, Dubilier & Rice, LLC (CD&R). Under the terms of the agreement, CD&R will acquire Sealed Air for $10.3 billion in cash, with each share of common stock converted into the right to receive $42.15. The transaction, approved by Sealed Air's Board of Directors and stockholders, is expected to close in mid-2026, subject to regulatory clearances and customary closing conditions. Upon completion of the merger, Sealed Air will become a privately held company, and its common stock will be delisted from the New York Stock Exchange.

Looking ahead, Sealed Air faces uncertainties related to the pending merger, including regulatory approvals and the satisfaction of closing conditions. The company also acknowledges risks associated with global economic conditions, raw material pricing, competition, and cybersecurity threats. While Sealed Air anticipates continued compliance with debt covenants, the company's future performance is subject to various factors outlined in the filing, including those related to the ongoing conflict between Russia and Ukraine, changes in trade policies, and the success of its restructuring activities. The company's internet address is www.sealedair.com, where annual reports on Form 10-K, quarterly reports on Form 10-Q, current reports on Form 8-K, and amendments to those reports are available free of charge.