2010 Annual Review
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  • FOUNDED: 1960 in Hawthorne, NJ, USA
  • WORLD HEADQUARTERS: Elmwood Park, NJ, USA
  • NYSE: SEE
  • 2010 NET SALES: $4.5 billion
  • 2010 NET EARNINGS: $256 million
  • EMPLOYEES: 16,100
  • INNOVATOR: Leading innovator in advanced material science, manufacturing processes, automation and integration
  • TOTAL SYSTEMS APPROACH: Services + materials + equipment + integration
  • SCALE & GLOBAL REACH: 114 manufacturing facilities, 52-country presence, 77-country distribution

Pioneering what's next

What sets us apart

For over fifty years, we have been a leading global innovator and manufacturer of a wide range of packaging and performance-based materials and equipment systems that serve an array of food, industrial, medical, and consumer applications. We partner with customers globally to provide a complete systems solution that includes packaging material, equipment systems and a variety of services, which offer measurable value by reducing customers' total costs. Our solutions are represented by a broad portfolio of industry leading brands including Bubble Wrap® brand packaging, Jiffy® Mailers, and Cryovac® technology for various food applications. We are proud of our technological leadership in innovation and in the customized solutions we offer to help ensure that food retains its freshness, products arrive undamaged, and transit efficiencies are maximized to reduce energy and waste−making the world a better place.

2010 Financial Highlights*

  • $4,490 million net sales
  • $535 million Reported Operating Profit, 11.9% Margin
  • $549 million Adjusted Operating Profit, 12.2% Margin
  • $660 million Reported EBITDA, 14.7% Margin
  • $732 million Adjusted EBITDA, 16.3% Margin
  • $1.44 Reported EPS
  • $1.60 Adjusted EPS
  • Free Cash Flow: $342 million
  • Dividend: $0.50

*please see definitions and reconciliations in the Financial Summary

Mission:

Through the unyielding pursuit of innovation and new heights of service excellence, we will utilize our fundamental knowledge of packaging and performance-based materials to create sustainable products that reduce waste. We will be recognized as an essential partner for optimizing convenience, efficiency and protection.

Vision:

Become the global supplier of choice for solutions, products and services that improve our customers' bottom-line in the markets we serve. In every region and market where we do business, we will be recognized as the most technologically−driven, customer-focused and trusted materials company.

Values:

  • Integrity−Always act with the highest ethical and legal standards
  • Trust−Doing our best to meet our commitments, being open and honest and keeping our word
  • Respect−Always act in a manner that treats all people, cultures, backgrounds and viewpoints with fairness and respect
  • Lead−"Setting the bar" in all we do and in the markets we create

Please read our “Code of Conduct” to learn more.