Sealed Air Reports Second Quarter Results
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Sealed Air (SEE) Tops Q2 EPS by 16c, Revenues Beat; Raises FY19 EPS/Revenue/Adj. EBITDA Guidance
August 2, 2019 7:02 AM EDTSealed Air (NYSE: SEE) reported Q2 EPS of $0.80, $0.16 better than the analyst estimate of $0.64. Revenue for the quarter came in at $1.2 billion versus the consensus estimate of $1.17 billion.
Solid Q2, closes APS acquisition fueling growth, raises Adj. EBITDA & EPS guidanceNet Sales of $1.2 billion increased 1% as reported and 4% in constant dollarsNet Earnings of $26 million or $0.16 per share, down 69% Adjusted Net Earnings of $125 million or $0.80 per share, up 25%Reinvent SEE driving Adjusted EBITDA growth of 9% to $237 million Adjusted EBITDA margin expanded 160 bps to 20% of salesCompletes strategic acquisition of... More