MDM-Podcasts-launch
Need Help? (888) 742-5060

In The News:

Sealed Air Sales Grow 6% in Second Quarter

Sealed Air Corp. (NYSE: SEE), Elmwood Park, NJ, reported second quarter sales of $1.09 billion, an increase of 6 percent over second quarter 2009. Profit for the manufacturer of packaging and performance-based materials increased 11 percent to $67 million.

For the first six months, sales were $2.15 billion, up 7 percent from the same period a year ago. Profit improved 8 percent to $128.1 million.

Protective Packaging segment sales increased 12% on a constant dollar basis from higher volumes, led by increased demand in North America and Europe. Operating profit increased 39% to $45 million, or 14.1% of net sales.

Sales in the Food Packaging segment decreased 2% on a constant dollar basis, with approximately 3% lower price/mix due to the timing of North American contract price adjustments for resin. Volumes were higher by 2%, led by increased demand in Latin America and Europe.

Food Solutions segment sales increased 1% on a constant dollar basis from higher volumes as demand increased in all regions.

Sales in the Other category increased 5% on a constant dollar basis from higher volumes, led by a 15% volume increase in the Specialty Materials business.

© 2019 Gale Media, Inc.

Please do not reprint MDM's content on your website without MDM's express permission as it is copyrighted material. To gain permission, email us, or call 1-888-742-5060. For information on PDF or print reprints, visit www.mdm.com/reprints. MDM welcomes inbound links from your site. Please cite Modern Distribution Management.

2018-top-distributors-listThe 2018 Top Distributors List

This free PDF includes lists of top distribution companies across 14 sectors.

You will also receive MDM Update, our daily distribution e-newsletter & other distribution-focused content.

Download the Free PDF now >>


MDM-UpdateMDM Update: Daily Newsletter 

Sign up to read the best source for news & trends in wholesale distribution, MDM Update. Delivered daily to your inbox. 

Sign-up for MDM Update >>

Partner Center