secwatch.observer — SEC 8-K summary
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Issuer:     SEALED AIR CORP/DE (—)
CIK:        0001012100
Form:       8-K
Filed at:   2024-05-02T23:59:59+00:00
Accession:  0001628280-24-019777
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

SEE Q1 adjusted EPS $0.78 beats; net sales dip 1%; reaffirms FY2024 outlook
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1012100/000162828024019777/0001628280-24-019777-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1012100/000162828024019777/see-20240502.htm
  HTML page:      https://secwatch.observer/filing/0001628280-24-019777

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer