Sealed Air (SEE) Tops Q4 EPS by 6c

Sealed Air (NYSE: SEE) reported Q4 EPS of $0.80, $0.06 better than the analyst estimate of $0.74. Revenue for the quarter came in at $1.3 billion versus the consensus estimate of $1.3 billion.

“In 2019, we exceeded our commitments on earnings and cash flow despite weak global industrial activity and modest sales growth. Our fourth quarter and full year results reflect strong execution of our strategy,” said Ted Doheny, Sealed Air's President and CEO.

“We continue to make great progress on our journey to world-class with Reinvent SEE improving productivity and strengthening our earnings power. In 2020, we expect sales growth of 2% to 3% and Adjusted EBITDA growth of 5% to 7%, with solid free cash flow. Our focus on delivering the best products at the right price and making them sustainable is creating value for our customers, shareholders, employees and society,” continued Doheny.

For earnings history and earnings-related data on Sealed Air (SEE) click here.

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