Sealed Air Celebrates New Charlotte Base with Strong Quarterly Earnings

Charlotte Business Journal
Wednesday, February 10, 2016

Sealed Air Corp., newly based in Charlotte, beat Wall Street’s quarterly earnings projections, but the strong dollar and last year’s divestitures of some European businesses hurt sales for the company.

The company, which already has about 500 employees working in a temporary space in south Charlotte, earned $123.5 million, or 63 cents a share for the fourth quarter, up from $66.3 million, or 31 cents a share, during the fourth quarter in 2014.

CEO Jerome Peribere says he’s pleased by a 3% boost in yearly sales when the strong dollar and divestitures aren’t considered.

“This is the third consecutive year in which we have carried out our commitments and delivered year-on-year operational improvements irrespective of the economic environment,” he says.

Read the full story at Charlotte Business Journal.