Net sales for Q4 2025 increased 2.1% to $1.40 billion, but decreased 0.7% on a constant currency basis compared to Q4 2024. Full year 2025 net sales decreased 0.6% to $5.36 billion, or 1.2% on a constant currency basis compared to full year 2024. GAAP net earnings for Q4 2025 were $44 million ($0.30 diluted EPS), a significant improvement from near zero in Q4 2024. Full year 2025 GAAP net earnings surged 63.7% to $441 million ($2.99 diluted EPS) compared to full year 2024. Adjusted EBITDA for Q4 2025 grew 2.7% to $278 million, and for full year 2025 increased 2.1% to $1,134 million. Adjusted diluted EPS for Q4 2025 was $0.77, and for full year 2025 was $3.34, up 6.4% compared to full year 2024. The company is in the process of being acquired by funds affiliated with CD&R in an all-cash transaction with an enterprise value of $10.3 billion, or $42.15 per share. Stockholders adopted the merger agreement on February 25, 2026, with closing expected in mid-2026, after which Sealed Air will become a privately held company.