Sealed Air Company SEE shares are buying and selling increased after the corporate introduced a management transition and reaffirmed full yr 2023 steerage.
What To Know: After the shut of the market on Monday, Sealed Air Company introduced that Ted Doheny would step down as President and CEO, in addition to a member of the Board. As a part of the transition, Doheny will proceed to serve the corporate in an advisory capability.
Additionally, Emile Chammas, COO, and Dustin Semach, CFO, have been appointed Interim Co-Presidents and Co-CEOs, along with their present roles. All adjustments have been made efficient instantly.
The Board is conducting a radical search to establish the subsequent CEO and can make the most of assistance from a high government search agency.
Additionally on Monday, the corporate reaffirmed its full yr 2023 steerage for web gross sales within the vary of $5.40 to $5.60 billion, full yr earnings per share within the vary of $2.75 to $2.95, and Free Money Circulation within the vary of $325 to $375 million.
Shares of the inventory traded increased on Tuesday in response to the information. Moreover, William Blair analyst Lawrence De Maria downgraded Sealed Air from Outperform to Market Carry out.
Associated Hyperlink: Buying and selling Methods For Alphabet Inventory Earlier than And After Q3 Earnings
SEE Worth Motion: Shares of SEE have been up 6.07% at $30.32 on the time of publication, based on Benzinga Professional.
Picture by Stefan Schweihofer from Pixabay
Supply Hyperlink : hightechurs.com
