Sealed Air Has Yet to Realize the Full Potential of Positive Trends in Fresh Food and E-Commerce
Sealed Air's first-quarter results were supported by modest sales growth and fewer "stranded" costs associated with Diversey prior to its sale. Recently appointed CEO Ted Doheny has started by embedding corporate costs into each of the company's two segments. Segment leaders are motivated to manage overhead costs under the new structure. We think this is a reasonable first step, with the company cutting $10 million in overhead costs during the quarter. However, it remains critical that the firm ...Sealed Air is a global provider of packaging solutions for the food, e-Commerce, electronics and industrial markets. The company serves an array of end markets including food and beverage processing, food service, retail, commercial and consumer applications, by providing food safety and security, product protection and equipment. The company's segments include: Food Care, which serves perishable food processors, predominantly in chilled, smoked and processed meat, poultry and dairy-solid markets worldwide, and maintains positions in target applications; and Product Care, in which its solutions are designed to protect goods in shipping.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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