Sealed Air (SEE) Tops Q2 EPS by 13c; Lowers Outlook

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Go back to Sealed Air (SEE) Tops Q2 EPS by 13c; Lowers Outlook

SEE Reports Q2 2023 Results

August 8, 2023 7:00 AM EDT

Cost take-out to Grow as part of Reinvent SEE 2.0 to drive volume growth and $140 to $160 million of annual savings by 2025

Net sales of $1.38 billion, down 3% as reported; down 1% constant currency
Net earnings of $94 million, down 18%
Adjusted EBITDA of $280 million, down 4% as reported; down 5% constant currency
Earnings per share (Diluted) of $0.65, down 16%
Adjusted EPS (Diluted) of $0.80, down 21% as reported; down 22% constant currency
Cash flow from operations (year to date) use of $7 million
Cash flow from operations includes the... More