Andrew on for Chris Parkinson's questions to Sealed Air Corp (SEE) leadership • Q3 2024
Question
An analyst on for Chris Parkinson asked for details on Food segment volume trends, including the interplay between protein market dynamics and new product success, and the outlook for Q4 and 2025.
Answer
President and CFO Dustin Semach explained that Q3 Food volumes showed underlying strength of around 4%, with similar performance expected in Q4. While the U.S. beef cycle will become a headwind, this is being offset by strength in Latin America, competitive wins in EMEA, and growth in non-bag product lines. This momentum is expected to carry into 2025.