Sealed Air Corp. (NYSE: SEE), Elmwood Park, NJ, reported sales for the third quarter of $1.8 billion, a decrease of 11.6 percent year-over-year. Profit increased 42.4 percent to $86.6 million.
Food care division sales for the quarter were down 15 percent, Diversey care division sales were down 8.9 percent, and product care division sales were down 8.6 percent.
Year-to-date sales were $5.3 billion, down 8.6 percent compared to the prior-year period. Profit increased 10.5 percent to $211.9 million.