Sealed Air Corp. (NYSE: SEE), Elmwood Park, NJ, reported first-quarter sales of $1.92 billion, up 70 percent over the same period a year ago. Sales related to the Diversey acquisition contributed 66 percent.
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The company recorded a first-quarter net loss of $6 million, compared to a year-ago profit of $59.7 million.
On a pro forma basis, sales increased 1 percent, or 3 percent on a constant dollar basis, reflecting growth in all businesses and regions. This included a modest increase in year-over-year results in North America and the Europe, Middle East and Africa (EMEA) region, and a 9 percent increase in developing regions.
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