SEE Reports Q3 2020 Results
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Sealed Air (SEE) Tops Q3 EPS by 16c, Revenues Beat; Raises FY20 EPS/Revenue Guidance Above Consensus
October 28, 2020 7:03 AM EDTSealed Air (NYSE: SEE) reported Q3 EPS of $0.82, $0.16 better than the analyst estimate of $0.66. Revenue for the quarter came in at $1.2 billion versus the consensus estimate of $1.19 billion.
Increasing full year 2020 financial outlookNet sales of $1.2 billion, up 2% as reported; up 3% constant currencyNet earnings of $132 million, up 66%; EPS of $0.85, up 67%Adjusted EBITDA of $259 million, up 8%; Adjusted EPS of $0.82, up 28%Year to date cash flow from operations of $410 million, up 63%We continue to navigate through the pandemic with a focus on Zero Harm, business continuity... More
