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.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.