Sealed Air Files Q3 2024 10-Q
Ticker: SEE · Form: 10-Q · Filed: Nov 7, 2024 · CIK: 1012100
| Field | Detail |
|---|---|
| Company | Sealed Air Corp/De (SEE) |
| Form Type | 10-Q |
| Filed Date | Nov 7, 2024 |
| Risk Level | medium |
| Pages | 16 |
| Reading Time | 19 min |
| Key Dollar Amounts | $0.10 |
| Sentiment | neutral |
Sentiment: neutral
Topics: 10-Q, financials, reporting
TL;DR
Sealed Air's Q3 2024 10-Q is in: financials and operations updated.
AI Summary
Sealed Air Corp/DE filed its 10-Q for the period ending September 30, 2024. The filing details financial performance and operational updates for the third quarter of 2024. Key financial figures and business segments are presented, reflecting the company's ongoing activities in the packaging and materials sector.
Why It Matters
This filing provides investors and analysts with the latest financial results and operational insights for Sealed Air, crucial for understanding the company's current performance and future outlook.
Risk Assessment
Risk Level: medium — 10-Q filings are standard disclosures, but the specific financial details and market conditions reported can introduce varying levels of risk.
Key Numbers
- 2024 Q3 — Reporting Period (Financials for the third quarter of 2024 are detailed.)
- 2024-09-30 — End of Reporting Period (The 10-Q covers financial data up to this date.)
- 2023-09-30 — Prior Year Comparison Period (Data from the same period in the previous year is likely included for comparison.)
Key Players & Entities
- SEALED AIR CORP/DE (company) — Filer
- 20240930 (date) — Period of Report
- 20241107 (date) — Filing Date
- 0001012100 (company) — Central Index Key
- PLASTIC MATERIAL, SYNTH RESIN/RUBBER, CELLULOS (NO GLASS) [2820] (industry) — Standard Industrial Classification
- CHARLOTTE (location) — Business Address City
- NC (location) — Business Address State
- 28208 (zip_code) — Business Address Zip
- 980-221-3235 (phone_number) — Business Phone
- WR GRACE & CO/DE (company) — Former Company Name
FAQ
What were Sealed Air's total revenues for the nine months ended September 30, 2024?
The filing does not explicitly state the total revenues for the nine months ended September 30, 2024, in the provided snippet. Detailed financial statements are required to ascertain this figure.
What is Sealed Air's primary industry classification?
Sealed Air's primary industry classification is 'PLASTIC MATERIAL, SYNTH RESIN/RUBBER, CELLULOS (NO GLASS) [2820]'.
When was the company formerly known as WR GRACE & CO/DE?
The company was formerly known as WR GRACE & CO/DE, with a date of name change on 19961015.
What is the filing date of this 10-Q report?
This 10-Q report was filed on 20241107.
What is the fiscal year end for Sealed Air Corp/DE?
Sealed Air Corp/DE's fiscal year ends on 1231.
Filing Stats: 4,702 words · 19 min read · ~16 pages · Grade level 7.8 · Accepted 2024-11-07 15:15:18
Key Financial Figures
- $0.10 — ich Registered Common Stock, par value $0.10 per share SEE New York Stock Exchange
Filing Documents
- see-20240930.htm (10-Q) — 2608KB
- q32024ex311.htm (EX-31.1) — 7KB
- q32024ex312.htm (EX-31.2) — 7KB
- q32024ex32.htm (EX-32) — 9KB
- 0001628280-24-046171.txt ( ) — 14404KB
- see-20240930.xsd (EX-101.SCH) — 90KB
- see-20240930_cal.xml (EX-101.CAL) — 169KB
- see-20240930_def.xml (EX-101.DEF) — 394KB
- see-20240930_lab.xml (EX-101.LAB) — 981KB
- see-20240930_pre.xml (EX-101.PRE) — 735KB
- see-20240930_htm.xml (XML) — 2846KB
FINANCIAL INFORMATION
PART I. FINANCIAL INFORMATION
Financial statements
Financial statements Condensed Consolidated Balance Sheets — September 30, 2024 and December 31, 2023 4 Condensed Consolidated Statements of Operations for the Three and Nine Months Ended September 30, 2024 and 2023 5 Condensed Consolidated Statements of Comprehensive Income for the Three and Nine Months Ended September 30, 2024 and 2023 6 Condensed Consolidated Statements of Stockholders' Equity for the Three and Nine Months Ended September 30, 2024 and 2023 7 Condensed Consolidated Statements of Cash Flows for the Nine Months Ended September 30, 2024 and 2023 8 Notes to Condensed Consolidated Financial Statements Note 1 Organization and Basis of Presentation 9 Note 2 Recently Adopted and Issued Accounting Standards 10 Note 3 Revenue Recognition, Contracts with Customers 11 Note 4 Leases 13 Note 5 Acquisitions 15 Note 6 Segments 17 Note 7 Inventories, net 19 Note 8 Property and Equipment, net 20 Note 9 Goodwill and Identifiable Intangible Assets, net 20 Note 10 Accounts Receivable Securitization Programs 21 Note 11 Accounts Receivable Factoring Agreements 22 Note 12 Restructuring Activities 23 Note 13 Debt and Credit Facilities 24 Note 14 Derivatives and Hedging Activities 27 Note 15 Fair Value Measurements, Equity Investments and Other Financial Instruments 29 Note 16 Defined Benefit Pension Plans and Other Post-Employment Benefit Plans 31 Note 17 Income Taxes 32 Note 18 Commitments and Contingencies 33 Note 19 Stockholders' Equity 33 Note 20 Accumulated Other Comprehensive Loss 37 Note 21 Other Expense, net 38 Note 22 Net Earnings Per Common Share 39
Management's Discussion and Analysis of Financial Condition and Results of Operations
Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations 40
Quantitative and Qualitative Disclosures About Market Risk
Item 3. Quantitative and Qualitative Disclosures About Market Risk 58
Controls and Procedures
Item 4. Controls and Procedures 61
OTHER INFORMATION
PART II. OTHER INFORMATION
Legal Proceedings
Item 1. Legal Proceedings 62
Risk Factors
Item 1A. Risk Factors 62
Unregistered Sales of Equity Securities and Use of Proceeds
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 62
Other Information
Item 5. Other Information 62
Exhibits
Item 6. Exhibits 63 Signature 64 2 Cautionary Notice Regarding Forward-Looking Statements This report contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements can be identified by such words as "anticipate," "believe," "plan," "assume," "could," "should," "estimate," "expect," "intend," "potential," "seek," "predict," "may," "will" or the negative of these terms and similar expressions. All statements contained in this report, other than statements of historical facts, such as those regarding our growth initiatives, business strategies, operating plans, business outlook, restructuring activities and market conditions, are forward-looking statements. These statements are neither promises nor guarantees, but involve known and unknown risks and uncertainties that may cause our actual results to differ materially from any future results expressed or implied by the forward-looking statements. The following are important factors that we believe could cause actual results to differ materially from those in our forward-looking statements: global economic and political conditions, including recessionary and inflationary pressures, currency translation and devaluation effects, changes in raw material pricing and availability, competitive conditions, the success of new product offerings, failure to realize synergies and other financial benefits from acquisitions within the expected time frames, greater than expected costs or difficulties related to acquisition integrations, consumer preferences, the effects of animal and food-related health issues, the effects of epidemics or pandemics, negative impacts related to the ongoing conflict between Russia and Ukraine and related sanctions, export restrictions and other counteractions thereto, uncertainties relating to existing or potential increased hostilities in the Middle East, changes in energy costs, environmental matters, the success of