Sealed Air reports US$1.33B in Q2 2025 net sales

USA – Sealed Air Corporation, a global leader in sustainable packaging solutions, announced net sales of US$1.33 billion for the second quarter of 2025, reflecting a modest decline of less than 1% compared to US$1.34 billion in the same period last year. 

According to the company, this performance shows resilience amid challenging market conditions, particularly in North America.

The Food division maintained steady net sales at $896 million, demonstrating stability despite softer volumes in the U.S. beef market, which saw a 7% decline. 

In a statement, Sealed Air President and CEO Dustin Semach highlighted the company’s focus on retail solutions, noting, “Market pressures are accelerating, primarily in North America, as global trade policies weigh on economic growth and consumer spending patterns are shifting toward private label options.” 

The Food segment’s adjusted EBITDA rose 3% to $210 million, driven by productivity gains from the CTO2Grow program and favorable pricing.

In contrast, the Protective segment faced a 3% sales decline to US$439 million, impacted by prior-year customer churn in the fulfillment portfolio. 

However, Semach expressed optimism about the segment’s trajectory, stating, “While our Protective segment turnaround will be nonlinear, this quarter marks progress as we delivered our best volume performance since Q4 2021, with our industrial portfolio achieving volume growth.” 

The segment’s adjusted EBITDA fell 5% to US$78 million due to unfavorable pricing, though cost-saving initiatives helped mitigate the impact.

Overall, adjusted EBITDA for the quarter reached US$293 million, or 21.9% of net sales, up from US$285 million, or 21.2%, in Q2 2024. 

Adjusted earnings per diluted share increased 7% to US$0.89, supported by higher EBITDA and lower interest expenses. 

The company’s cash flow from operating activities for the first half of 2025 was US$168 million, down from US$313 million the previous year, with capital expenditures reduced to US$87 million from US$106 million.

Sealed Air’s financial position remains robust, with total debt at US$4.3 billion as of June 30, 2025, down from US$4.4 billion at year-end 2024. 

Net debt held steady at US$4 billion, while liquidity stood at US$1.2 billion, including US$354 million in cash and $830 million in unused credit lines. The company aims to lower its net leverage ratio to 3.0x by 2026.

A recent update revealed Sealed Air appointed Kristen Actis-Grande as Chief Financial Officer, effective August 2025, to steer its financial strategy. 

The company maintained its full-year guidance, projecting net sales of US$5.1–US$5.5 billion and adjusted EBITDA of US$1.075–US$1.175 billion, reflecting caution due to global trade uncertainties.

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