Sealed Air (SEE) Q4 2025 earnings summary

Executive summary

• Q4 2025 net sales rose 2% year-over-year to $1.40 billion; full year 2025 net sales declined less than 1% to $5.36 billion.

• Net earnings for Q4 2025 were $44 million ($0.30 per diluted share), up from a net loss in Q4 2024; full year net earnings were $441 million ($2.99 per diluted share), up 63% year-over-year.

• Adjusted EBITDA for Q4 2025 was $278 million (19.8% margin); full year Adjusted EBITDA was $1,134 million (21.2% margin), both up slightly year-over-year.

• Pending acquisition by CD&R for $10.3 billion enterprise value; transaction expected to close mid-2026.

Financial highlights

• Q4 2025 net sales: $1.40 billion (+2% reported, -1% constant currency); full year: $5.36 billion (-1% reported, -1% constant currency).

• Q4 net earnings: $44 million vs. net loss in Q4 2024; full year net earnings: $441 million vs. $270 million in 2024.

• Adjusted EPS Q4: $0.77 (up from $0.75); full year: $3.34 (up from $3.14).

• Free cash flow for 2025: $459 million (down from $508 million in 2024, which included a $54 million IRS refund).

• Net debt reduced to $3.7 billion from $4.0 billion; net leverage ratio improved to 3.2x from 3.6x.

Outlook and guidance

• No forward guidance provided due to pending acquisition by CD&R.