Sealed Air Corporation (NYSE: SEE) has released its financial results for the fourth quarter and full year 2025. The company reported a 2.1% increase in net sales for the fourth quarter, reaching $1.401 billion, as compared to $1.373 billion in the same period the previous year. For the full year, net sales totaled $5.36 billion, a decrease of 0.6% from $5.393 billion in 2024.
Net earnings for the fourth quarter were $44 million, representing a significant increase from the $270 million reported in the same quarter of 2024. Diluted earnings per share for Q4 2025 stood at $0.30, compared to just $0.00 in Q4 2024. For the full year, net earnings reached $441 million, up from $270 million in 2024, while diluted earnings per share for the year were $2.99, compared to $1.84 in 2024.
Cash flow from operations for Q4 2025 was reported at $628 million, showing a decrease of 13.7% from $728 million in Q4 2024. Full year 2025 cash flow from operations was $628 million, compared to $728 million in 2024.
On a non-GAAP basis, adjusted EBITDA for Q4 2025 was $278 million, marking a 2.7% increase from $271 million in Q4 2024. For the full year, adjusted EBITDA reached $1.134 billion, up 2.1% from $1.111 billion in 2024. Adjusted net earnings for Q4 2025 were $113 million, a 3.5% increase from $110 million in Q4 2024, and for the full year, adjusted net earnings were $493 million, up 7.5% from $459 million in 2024. Adjusted diluted EPS for Q4 2025 was $0.77, compared to $0.75 in Q4 2024, and for the full year, adjusted diluted EPS was $3.34, up from $3.14 in 2024.
In terms of business segments, net sales in the food segment increased by 2% in Q4 2025, while protective segment net sales increased by 3%. However, for the full year, the protective segment saw a decrease of 2% in net sales.
Sealed Air reported a decrease in cash flow provided by operating activities, from $728 million in 2024 to $628 million in 2025. Capital expenditures for the full year 2025 were $170 million, down from $220 million in 2024. Free cash flow for 2025 was $459 million, compared to $508 million in 2024.
The company's net debt decreased from $4.0 billion as of December 31, 2024, to $3.7 billion as of December 31, 2025. Sealed Air had approximately $1.4 billion of available liquidity as of December 31, 2025, with a net leverage ratio of 3.2x, down from 3.6x in the previous year.
Given the pending acquisition by funds affiliated with CD&R, Sealed Air will not be hosting a conference call and webcast to discuss the results.
Sealed Air Corporation is a leading global provider of packaging solutions, generating $5.4 billion in sales in 2025 and serving customers in 119 countries/territories.
The full report and additional information can be found on the company's website. Following these announcements, the company's shares moved 0.0%, and are now trading at a price of $41.76. Check out the company's full 8-K submission here.
