Sealed Air Reports Third Quarter Results
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Sealed Air (SEE) Tops Q3 EPS by 2c; Lowers FY19 Revenue Outlook
November 6, 2019 7:12 AM ESTSealed Air (NYSE: SEE) reported Q3 EPS of $0.64, $0.02 better than the analyst estimate of $0.62. Revenue for the quarter came in at $1.2 billion versus the consensus estimate of $1.23 billion.
Net Sales of $1.2 billion, up 3% as reported and 5% in constant dollarsNet Earnings of $80 million or EPS of $0.51, up 6%Adjusted Net Earnings of $100 million or Adjusted EPS of $0.64, up 5%Adjusted EBITDA of $241 million, up 10% as reported and 12% in constant dollarsAdjusted EBITDA margin expanded 130 basis points to 19.8% of Net SalesOur third quarter results reflect continued strong execution of... More
