Industrial Packaging Stocks Q3 Recap: Benchmarking Sealed Air (NYSE:SEE)

In This Article:

SEE Cover Image
Industrial Packaging Stocks Q3 Recap: Benchmarking Sealed Air (NYSE:SEE)

Looking back on industrial packaging stocks’ Q3 earnings, we examine this quarter’s best and worst performers, including Sealed Air (NYSE:SEE) and its peers.

Industrial packaging companies have built competitive advantages from economies of scale that lead to advantaged purchasing and capital investments that are difficult and expensive to replicate. Recently, eco-friendly packaging and conservation are driving customers preferences and innovation. For example, plastic is not as desirable a material as it once was. Despite being integral to consumer goods ranging from beer to toothpaste to laundry detergent, these companies are still at the whim of the macro, especially consumer health and consumer willingness to spend.

The 8 industrial packaging stocks we track reported a mixed Q3. As a group, revenues missed analysts’ consensus estimates by 0.6%.

In light of this news, share prices of the companies have held steady. On average, they are relatively unchanged since the latest earnings results.

Sealed Air (NYSE:SEE)

Founded in 1960, Sealed Air Corporation (NYSE: SEE) specializes in the development and production of protective and food packaging solutions, serving a variety of industries.

Sealed Air reported revenues of $1.35 billion, down 2.7% year on year. This print was in line with analysts’ expectations, and overall, it was a strong quarter for the company with an impressive beat of analysts’ adjusted operating income estimates and a solid beat of analysts’ EPS estimates.

"With the shift into two verticals, Food and Protective, and the onboarding of new leadership, we have positioned Sealed Air for long-term success," said Patrick Kivits, Sealed Air's CEO.

Sealed Air Total Revenue
Sealed Air Total Revenue

Unsurprisingly, the stock is down 3.9% since reporting and currently trades at $35.63.

Is now the time to buy Sealed Air? Access our full analysis of the earnings results here, it’s free.

Best Q3: International Paper (NYSE:IP)

Established in 1898, International Paper (NYSE:IP) produces containerboard, pulp, paper, and materials used in packaging and printing applications.

International Paper reported revenues of $4.69 billion, up 1.6% year on year, in line with analysts’ expectations. The business had an exceptional quarter with an impressive beat of analysts’ EPS estimates and a solid beat of analysts’ EBITDA estimates.

International Paper Total Revenue
International Paper Total Revenue

The market seems happy with the results as the stock is up 14.3% since reporting. It currently trades at $56.08.

Is now the time to buy International Paper? Access our full analysis of the earnings results here, it’s free.

Weakest Q3: Silgan Holdings (NYSE:SLGN)

Established in 1987, Silgan Holdings (NYSE:SLGN) is a supplier of rigid packaging for consumer goods products, specializing in metal containers, closures, and plastic packaging.

Waiting for permission
Allow microphone access to enable voice search

Try again.