earnings
confidence high
sentiment positive
materiality 0.75
SEE Q1 adjusted EPS $0.78 beats; net sales dip 1%; reaffirms FY2024 outlook
SEALED AIR CORP/DE
2024-Q1 EPS reported
$0.56
revenue$1,329,600,000
- Net sales $1.33B (-1% as reported); net earnings $83M (+33%); adjusted EBITDA $278M (+4%).
- Adjusted EPS $0.78 (up 5% YoY); GAAP EPS $0.57 (up 30% YoY).
- Food segment sales $868M (+2%), Protective $461M (-7%); Protective EBITDA +11% to $90M.
- Cash from ops YTD $125M (+141%); free cash flow $78M vs -$13M prior year.
- Reaffirms FY2024: net sales $5.2-5.6B, adj. EBITDA $1.05-1.15B, adj. EPS $2.65-3.05, FCF $325-425M.