Sealed Air Corporation (SEE) 2023年年度报告「NYSE」.pdf

1、2023 Annual ReportWe are in business to protect,to solve critical packaging challenges,and to make our world better than we find it.Dear Fellow Stockholders:In 2023,Sealed Air reported net sales of$5.5 billion,Adjusted EBITDA of$1.1 billion and free cash flow of$467 million(excluding$195 million of

2、payments and deposits related to the resolution of certain prior years tax matters).Throughout the year,we operated in a challenging macro-environment as high inflation,softer demand in both food and protective markets,as well as destocking in the industrial and fulfillment sectors persisted.We are

3、refocusing our strategy on creating long-term,value-added partnerships with our customers to advance sustainable,automated,and digital packaging solutions.We launched the cost take-out to grow program(CTO2Grow Program)in 2023,which targets annualized cost reductions of$140 to$160 million by the end

4、of 2025.The CTO2Grow Program seeks to improve the effectiveness and efficiency of our solutions focused go-to-market organization,optimize our portfolio with a focus on automation,digital and sustainable solutions,streamline our supply chain footprint and drive SG&A productivity.We continue to drive

5、 our transformation at Sealed Air,improving commercial execution and restoring business fundamentals.We expect our transformational initiatives will position us well to capitalize on growth when our end markets recover.We thank our global SEE team for their tireless efforts in executing our transfor

6、mation and solving our customers most critical packaging challenges day in and day out.Sincerely,Emile Z.Chammas Interim Co-President and Co-CEO,Chief Operating Officer Dustin J.Semach Interim Co-President and Co-CEO,Chief Financial Officer Certain information set forth in this letter contains“forwa