Food Segment Growth
The Food business delivered above-market growth across end markets and product lines, driven by commercial excellence, new product launches, and competitive wins. Organic sales grew with a positive volume growth in all regions, driven by strength in protein end-market demand.
Strong Free Cash Flow
Sealed Air delivered strong free cash flow of $323 million year-to-date, significantly higher than $183 million a year ago, reflecting improvements in working capital.
Cost Takeout Initiatives
The company is on track with its cost takeout initiatives, aiming for $140 million to $160 million in savings, with $90 million already realized.
Leadership and Strategic Reorganization
Sealed Air reorganized into two verticals, Food and Protective, to enhance operational efficiency and customer focus. New leadership appointments indicate a strategic shift.