--- title: "Sealed Air | 8-K: FY2025 Q4 Revenue Beats Estimate at USD 1.401 B" type: "News" locale: "zh-HK" url: "https://longbridge.com/zh-HK/news/277461300.md" datetime: "2026-03-02T12:14:18.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/277461300.md) - [en](https://longbridge.com/en/news/277461300.md) - [zh-HK](https://longbridge.com/zh-HK/news/277461300.md) --- > 支持的語言: [简体中文](https://longbridge.com/zh-CN/news/277461300.md) | [English](https://longbridge.com/en/news/277461300.md) # Sealed Air | 8-K: FY2025 Q4 Revenue Beats Estimate at USD 1.401 B Revenue: As of FY2025 Q4, the actual value is USD 1.401 B, beating the estimate of USD 1.343 B. EPS: As of FY2025 Q4, the actual value is USD 0.3, missing the estimate of USD 0.6633. EBIT: As of FY2025 Q4, the actual value is USD 153.3 M. #### Full Year 2025 Financial Highlights ##### Segment Net Sales 希悦尔包装 reported net sales of $5,360 million for the full year 2025, representing a decrease of 0.6% compared to $5,393 million in 2024. On a constant currency basis, net sales decreased by 1.2%. The Food segment’s net sales were $3,594.7 million, remaining essentially flat, while the Protective segment’s net sales decreased by 2% to $1,765.1 million. ##### Net Earnings Net earnings for the full year 2025 increased by 63.7% to $441 million, up from $270 million in 2024. ##### Adjusted EBITDA Adjusted EBITDA for the full year 2025 was $1,134 million, an increase of 2.1% from $1,111 million in 2024. On a constant currency basis, Adjusted EBITDA rose by 2.4%. The Adjusted EBITDA margin improved to 21.2% in 2025 from 20.6% in 2024. ##### Gross Profit Gross profit for the full year 2025 was $1,596.8 million, a decrease from $1,625.1 million in 2024. ##### Operating Profit Operating profit for the full year 2025 was $725.7 million, slightly lower than $735.9 million in 2024. ##### Operating Costs Cost of sales for the full year 2025 was $3,763.0 million, compared to $3,767.5 million in 2024. Selling, general and administrative expenses were $744.9 million in 2025, down from $752.6 million in 2024. Restructuring charges decreased to $39.9 million in 2025 from $57.8 million in 2024. ##### Cash Flow from Operations Cash flow provided by operating activities for the full year 2025 was $628 million, a 13.7% decrease from $728 million in 2024. ##### Free Cash Flow Free cash flow was $459 million for the full year 2025, compared to $454 million in 2024 (excluding a $54 million IRS refund in Q4 2024). Capital expenditures were $170 million in 2025, a decrease from $220 million in 2024. ##### Net Debt and Liquidity Net debt decreased to $3.7 billion as of December 31, 2025, from $4.0 billion as of December 31, 2024. The net leverage ratio improved to 3.2x as of December 31, 2025, from 3.6x as of December 31, 2024. 希悦尔包装 had approximately $1.4 billion of available liquidity, which included $344 million in cash and $1.06 billion in available credit lines. #### Fourth Quarter 2025 Financial Highlights ##### Segment Net Sales Net sales for the fourth quarter of 2025 were $1,401 million, an increase of 2.1% compared to $1,373 million in the fourth quarter of 2024. On a constant currency basis, net sales decreased by 0.7%. The Food segment’s net sales increased by 2% to $937 million, and the Protective segment’s net sales increased by 3% to $464 million. ##### Net Earnings Net earnings for the fourth quarter of 2025 were $44 million, compared to a net loss of less than $1 million in the fourth quarter of 2024. ##### Adjusted EBITDA Adjusted EBITDA was $278 million for the fourth quarter of 2025, marking a 2.7% increase from $271 million in the fourth quarter of 2024. On a constant currency basis, Adjusted EBITDA increased by 0.5%. The Adjusted EBITDA margin was 19.8% in Q4 2025, compared to 19.7% in Q4 2024. ##### Segment Adjusted EBITDA (Q4 2025) The Food Segment Adjusted EBITDA decreased by 3% to $202 million (21.6% of net sales) from $208 million (22.5% of net sales) in Q4 2024. The Protective Segment Adjusted EBITDA increased by 21% to $80 million (17.3% of net sales) from $67 million (14.8% of net sales) in Q4 2024. #### Outlook / Guidance 希悦尔包装 did not provide a financial outlook or guidance in this report due to the pending acquisition by funds affiliated with CD&R. The company will also not be hosting a conference call or webcast to discuss the results. ### 相關股票 - [Sealed Air (SEE.US)](https://longbridge.com/zh-HK/quote/SEE.US.md) ## 相關資訊與研究 - [JPMorgan's Big Deal Isn't Going Smoothly](https://longbridge.com/zh-HK/news/281066320.md) - [AOTI Expects Revenue Growth In FY 2026 To Be In Low Single Digits Compared To FY 2025](https://longbridge.com/zh-HK/news/280969797.md) - [UniCredit - as of YE25 group MREL equal to 30.6% of RWA, 10% of LRE](https://longbridge.com/zh-HK/news/281399909.md) - [Scinai Immunotherapeutics reports FY results](https://longbridge.com/zh-HK/news/281477360.md) - [Wealth First Promoters Confirm 74% Stake With No Encumbrance in FY26](https://longbridge.com/zh-HK/news/281530653.md)