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Sealed Air Sales Up 6.2% in 3Q

Sealed Air Corp. (NYSE: SEE), Elmwood Park, NJ, reported sales for the third quarter of $1.1 billion, an increase of 6.2 percent year-over-year. Profit was $787.4, up from a profit of $163.3 million in 2016.

Food care sales for the quarter were up 5.9 percent and product care division sales were down 1.7 percent. The company completed the sale of Diversey to Bain Capital Private Equity on September 6, 2017 for $3.2 billion.

Year-to-date sales were $3.2 billion, up 4 percent compared to the prior-year period. Profit increased from $315.3 million for the same period in 2016 to $848.4 million.

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