Loading...
Docoh

Sealed Air (SEE)

Sealed Air is in business to protect, to solve critical packaging challenges, and to leave our world better than we found it. Its solutions and systems include CRYOVAC® brand food packaging, SEALED AIR® brand protective packaging, AUTOBAG® brand automated systems and BUBBLE WRAP® brand packaging. These brands collectively enable a more efficient, secure and less wasteful global food supply chain and enhance commerce through fulfillment and packaging solutions to protect the worldwide movement of goods. Sealed Air's industry-leading expertise in science, engineering, and innovation transforms businesses, industries, and consumers' lives. The company continues to expand its portfolio of next-generation sustainable solutions including packaging materials, automated systems, and smart services to deliver savings and create measurable long-term value. Sealed Air generated $4.9 billion in sales in 2020 and has approximately 16,500 employees who serve customers in 115 countries

Company profile

Ticker
SEE
Exchange
CEO
Edward Doheny
Employees
Incorporated
Location
Fiscal year end
Former names
GRACE HOLDING INC, GRACE HOLDINGING INC, WR GRACE & CO/DE
SEC CIK
Subsidiaries
AFP Trading (China) Co. Ltd. • AFPTOH, LTD • Air Ride Pallets Hong Kong Limited • A.P.S. (Holdings) Limited • Austin Foam Plastics, Inc. • Automated Packaging Systems Europe • APS Automated Packaging Systems GmbH & Co. KG • Automated Packaging Systems Limited • Automated Packaging Systems, LLC • B+ Equipment SAS ...

SEE stock data

Investment data

Data from SEC filings
Securities sold
Number of investors

Calendar

3 Aug 22
12 Aug 22
31 Dec 22
Quarter (USD) Jun 22 Mar 22 Dec 21 Sep 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Dec 21 Dec 20 Dec 19 Dec 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
3 Aug 22 Doheny Edward L II Common Stock Buy Acquire P No No 56.9498 4,500 256.27K 515,254
3 Aug 22 Sergio A Pupkin Common Stock Buy Acquire P No No 57.97 400 23.19K 45,748
3 Aug 22 Sergio A Pupkin Common Stock Buy Acquire P No No 57.45 600 34.47K 45,348
2 Aug 22 Alessandra Faccin Assis Common Stock Payment of exercise Dispose F No No 56.17 332 18.65K 18,260
6 Jul 22 Kevin C Berryman Stock Units Common Stock Grant Acquire A No No 0 3,766 0 3,766
13F holders Current Prev Q Change
Total holders 483 463 +4.3%
Opened positions 72 68 +5.9%
Closed positions 52 54 -3.7%
Increased positions 170 148 +14.9%
Reduced positions 159 166 -4.2%
13F shares Current Prev Q Change
Total value 8.73B 9.04B -3.4%
Total shares 130.34M 133.96M -2.7%
Total puts 27.8K 54.3K -48.8%
Total calls 344.7K 379.8K -9.2%
Total put/call ratio 0.1 0.1 -43.6%
Largest owners Shares Value Change
BLK Blackrock 20.01M $1.34B +8.8%
Vanguard 16.46M $1.1B +0.9%
TROW T. Rowe Price 15.99M $1.07B -2.4%
STT State Street 7.15M $478.59M +0.1%
JHG Janus Henderson 6.87M $460.26M -0.5%
BAC Bank Of America 3.64M $243.45M +13.0%
Kensico Capital Management 3.3M $220.94M -21.3%
Geode Capital Management 2.85M $190.33M +2.9%
Nuveen Asset Management 2.26M $154.8M +40.6%
NTRS Northern Trust 2.09M $140.21M -5.5%
Largest transactions Shares Bought/sold Change
BLK Blackrock 20.01M +1.61M +8.8%
Norges Bank 0 -1.52M EXIT
Rivulet Capital 877.42K -1.11M -55.8%
Citadel Advisors 0 -1.1M EXIT
Kensico Capital Management 3.3M -893.66K -21.3%
IPXAF Impax Asset Management 0 -775.35K EXIT
Nuveen Asset Management 2.26M +652.7K +40.6%
Nitorum Capital 495.12K -560.98K -53.1%
Point72 Asset Management 0 -474.9K EXIT
BAC Bank Of America 3.64M +417.49K +13.0%

Financial report summary

?
Competition
Pactiv Evergreen
Risks
  • The COVID-19 pandemic could adversely impact the health and safety of our employees, our business continuity, consolidated financial condition, results of operations, or cash flows.
  • Uncertain global economic conditions may have an adverse effect on our consolidated financial condition, results of operations, or cash flows.
  • Concerns about the impact that some plastic materials may have on the environment, along with changes in legal or regulatory requirements, development of recycling infrastructure, consumer preferences or market measures to address these concerns, may negatively affect our business and operations.
  • The execution of future acquisitions or investments in other companies may be limited by the availability of suitable candidates. Additionally, we may not be able to successfully integrate acquired businesses without significant use of resources or diversion of management’s attention.
  • As a result of acquisitions, we may record a significant amount of goodwill and other identifiable intangible assets and we may never realize the full carrying value of the related assets.
  • Political and economic instability and risk of government actions affecting our business and our customers or suppliers may adversely impact our business, consolidated financial condition, results of operations, or cash flows.
  • If we are not able to protect our trade secrets or maintain our trademarks, patents and other intellectual property, we may not be able to prevent competitors from developing similar products or from marketing their products in a manner that capitalizes on our trademarks, and this loss of a competitive advantage may adversely impact our business, consolidated financial condition, results of operations, or cash flows.
  • Raw material pricing, including how our selling prices reflect the cost of raw materials, availability and allocation by suppliers as well as energy-related costs may negatively impact our results of operations, including our profit margins.
  • Unfavorable customer responses to price increases could have a material adverse impact on our sales and earnings.
  • Demand for our products could be adversely affected by changes in consumer preferences or if we are not able to innovate and bring new products to market.
  • Supply chain disruptions related to the transport of raw materials and/or finished goods may delay the timing of when we are able to manufacture our product or serve our customers, which could adversely affect our business, consolidated financial condition, results of operations, or cash flows.
  • Large-scale animal health issues as well as other health issues affecting the food industry and disruptive forces of nature, including those resulting from climate change, such as significant regional droughts, prolonged severe weather conditions, floods, and natural disasters, may lead to decreased revenues.
  • A major loss of or disruption in our manufacturing and distribution operations or our information systems and telecommunication resources could adversely affect our business, consolidated financial condition, results of operations, or cash flows.
  • If we are unable to retain key employees and other personnel, our consolidated financial condition or results of operations may be adversely affected or we may not be able to execute our strategies.
  • We could experience disruptions in operations and/or increased labor costs.
  • Legal, Regulatory and Compliance Risks
  • We are the subject of various legal proceedings, and may be subject to future claims and litigation, that could have a material adverse effect on our business, results of operations or cash flows.
  • Product liability claims or regulatory actions could adversely affect our financial results or harm our reputation or the value of our brands.
  • Future changes in global trade policies and regulations, as well as overall uncertainty surrounding international trade relations, could have a material adverse effect our consolidated financial condition, results of operations, or cash flows.
  • The U.S. Internal Revenue Service (the “IRS”) has indicated that it intends to disallow our deduction of the approximately $1.49 billion for the payments made pursuant to the Settlement agreement (as defined below).
  • We are subject to taxation and tax controversies in multiple jurisdictions. As a result, any adverse development in the tax laws of any of these jurisdictions or any disagreement by the tax authorities with our tax positions could have a material adverse effect on our business, consolidated financial condition, results of operations, or cash flows.
  • Although the Settlement agreement (as defined below) has been implemented and we have been released from the various asbestos-related, fraudulent transfer, successor liability, and indemnification claims made against us arising from a 1998 transaction with Grace (as defined below), if the courts were to refuse to enforce the injunctions or releases contained in the Plan (as defined below) and the Settlement agreement with respect to any claims and if Grace were unwilling or unable to defend and indemnify us for such claims, then we could be required to pay substantial damages, which could have a material adverse effect on our consolidated financial condition and results of operations. We were also a defendant in a number of asbestos-related actions in Canada arising from Grace’s activities in Canada prior to the 1998 transaction.
  • Fluctuations between foreign currencies and the U.S. dollar could materially impact our consolidated financial condition or results of operations.
  • Our operating results or cash flows can change materially as a result of changes in our geographic mix of U.S. and foreign earnings and other factors, including changes in tax laws and changes made by regulatory authorities.
  • The terms of our credit agreement governing our senior secured credit facilities, our accounts receivable securitization programs, our supply chain financing programs, and the indentures governing our senior notes may restrict our current and future operations, particularly our ability to respond to changes in market conditions or to take certain actions.
  • Our variable rate indebtedness subjects us to interest rate risk, which could cause our debt service obligations to increase significantly.
  • The full realization of our deferred tax assets may be affected by a number of factors, including future earnings and the feasibility of on-going planning strategies.
  • Disruption and volatility of the financial and credit markets could affect our external liquidity sources.
  • Our insurance policies may not cover all operating risks and a casualty loss beyond the limits of our coverage could materially and adversely impact our business.

Content analysis

?
Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. freshman Avg
New words: artificially, behalf, breach, build, calendar, correct, COVID, defendant, deterioration, Discovery, dismissing, duty, enrichment, extinguishment, fiduciary, Hall, inclusive, insider, Judge, Magistrate, meaningful, moved, nominal, partly, prismiq, purportedly, reconcile, restitution, smart, test, unjust, unpaid, Unregistered
Removed: implemented, indexed, movement, positively, pressure, sourcing, South, tight, variance

Patents

Utility
Apparatus and method for vacuum skin packaging of a product and a skin packaged product
9 Aug 22
A product can be packaged by arranging the product on a support, providing a plastic film above the support with the product arranged between the support and the film sheet, and air tightly fixing the film to the support.
Utility
Multilayer Film with High Oxygen Transmission
23 Jun 22
A multilayer film having a heat seal layer and a high oxygen transmission layer.
Utility
Packaging Machine for Opening Bags on a Web of Bags and Methods of Using the Same
16 Jun 22
A packaging machine includes an indexing mechanism (210), a base (220), and a clamping arrangement (250).
Utility
Machine for forming packages from a web of preformed bags
7 Jun 22
An exemplary web of preformed bags includes first and second layers, first and second side, first and second side seals proximate the first and second edges, a plurality of transverse seals extending between the first and second side edges, an opening in the first layer, and a line of separation in the second layer, and first and second cuts in the first and second side seals.
Utility
Reclosable Bag and Methods of Forming and Using the Same
2 Jun 22
A reclosable bag includes: first and second plies extending from a first side to a second side and from atop bottom to a top; a seal joining the first and second plies arranged near the bottom of the bag; a reclosing material disposed on an interior surface of one of the first and second plies; a release material disposed between the reclosing material and the other of the first and second plies; and a bag opening zone extending between the top and the bottom.