Sealed Air Corp., Elmwood Park, NJ, reported first quarter 2009 sales of $988 million, down 16% from first quarter 2008. Profit declined 4.4% to $58.1 million.
The Food Packaging segment’s first quarter sales decreased 9% to $424 million, primarily reflecting favorable product price/mix in North America and Latin America.
Food Solutions’ first quarter sales decreased 13% to $205 million.
First quarter sales in the Protective Packaging segment decreased 25% to $280 million.
We continue to anticipate ongoing weak global economic conditions through at least the third quarter and have assumed a slow recovery starting at the end of the year and into 2010, said William V. Hickey, president and CEO. …
Sealed Air 1Q Sales Fall 16%
Sealed Air Corp., Elmwood Park, NJ, reported first quarter 2009 sales of $988 million, down 16% from first quarter 2008. Profit declined 4.4% to $58.1 million.
The Food Packaging segment’s first quarter sales decreased 9% to $424 million, primarily reflecting favorable product price/mix in North America and Latin America.
Food Solutions’ first quarter sales decreased 13% to $205 million.
First quarter sales in the Protective Packaging segment decreased 25% to $280 million.
We continue to anticipate ongoing weak global economic conditions through at least the third quarter and have assumed a slow recovery starting at the end of the year and into 2010, said William V. Hickey, president and CEO. …
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- Filed In: Free, Gases & Welding Equipment, News, Subscriber Only, Top Distributor Sectors
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