Sealed Air (SEE) Tops Q4 EPS by 8c, Revenues Beat; Offers FY19 EPS Mid-Point Guidance Below Consensus
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Sealed Air Reports Fourth Quarter and Full Year 2018 Results
February 7, 2019 7:00 AM ESTSolid year-over-year sales and earnings growth in Q4 and FY 2018 from continuing operations
Net sales increased 3% to $1.3 billion in Q4 and 6% to $4.7 billion in FY 2018 Net earnings and earnings per diluted share of $199 million and $1.28 in Q4 and $150 million and $0.94 in FY 2018 Adjusted EPS increased 29% to $0.75 in Q4 and 38% to $2.50 in FY 2018 Q4 and FY 2018 Adjusted EBITDA increased 4% to $248 million, or 19.7% of net sales, and 7% to $890 million, or 18.8% of net salesReinvent SEE strategy on track to take company to world-class performance
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