Sealed Air Corporation's (SEE) stock surged 9.68% in pre-market trading on Tuesday. The company, a leading global provider of packaging solutions, reported its fourth quarter and full-year 2024 results before the market open.
The pre-market rally was driven by Sealed Air's better-than-expected Q4 earnings and an optimistic outlook for 2025. The company reported adjusted Q4 earnings per share of $0.75, beating the consensus estimate of $0.67. Additionally, Sealed Air provided upbeat guidance for 2025, projecting adjusted EPS of $2.90 to $3.30, compared to the consensus estimate of $3.12.
Sealed Air's strong Q4 performance was fueled by higher sales in its Food segment, driven by competitive share gains and robust end-market demand. The company also benefited from its ongoing cost-saving initiatives, which generated $89 million in incremental savings for the full year. Looking ahead, Sealed Air expects continued growth in its Food segment and further margin expansion driven by productivity improvements.
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