Sealed Air Sales Down 3.2% in 2Q - Modern Distribution Management

Sealed Air Sales Down 3.2% in 2Q

Year-to-date sales decrease 6.1 percent compared to same period in 2015.

Sealed Air Corp. (NYSE: SEE), Elmwood Park, NJ, reported sales for the second quarter of $1.7 billion, a decrease of 3.2 percent year-over-year. Profit increased 76.5 percent to $49.6 million.

Food care division sales for the quarter were down 5.2 percent to $802 million, diversey care division sales were down 0.6 percent to $532 million, and product care division sales were down 2.5 percent to $374 million.

Year-to-date sales were $3.3 billion, down 6.1 percent over the prior-year period. Profit increased 12.9 percent to $141.5 million.

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