Sealed Air Earnings Reports

Sealed Air's Q4 2024 revenue remained flat at $1.37 billion. The Food segment grew 3%, while the Protective segment declined by 7%. The company reported a net loss of $7.3 million, primarily due to restructuring costs and a deferred tax asset write-off. Adjusted EPS declined to $0.75, and free cash flow slightly decreased year-over-year.

Sealed Air reported Q3 2024 results with net sales of $1.35 billion, a decrease of 3% as reported. The company is undergoing a shift into two verticals, Food and Protective, and is focused on cost take-out initiatives. While the Food business showed strength, the Protective portfolio remained soft. The company is maintaining its Sales and Adjusted EBITDA guidance but raising its guidance for Free Cash Flow and Adjusted EPS for the year.

Sealed Air reported Q2 2024 financial results with net sales of $1.35 billion, a decrease of 3% as reported. Net earnings were $98 million, or $0.67 per diluted share, compared to $94 million, or $0.65 per diluted share in the prior year. Adjusted EBITDA was $285 million, up from $280 million in the prior year. The company is on track to generate $90 million of incremental cost savings for full-year 2024 through its CTO2Grow program.

Sealed Air reported Q1 2024 results with net sales of $1.33 billion, a 1% decrease year-over-year. However, net earnings increased by 33% to $83 million, and adjusted EBITDA rose by 4% to $278 million. The company reaffirmed its full-year 2024 outlook.

Sealed Air Corporation's Q4 2023 results were in line with expectations, with net sales of $1.4 billion, a 2% decrease as reported. Net earnings were $125 million, up 32%, and adjusted EBITDA was $274 million, down 8%. The company is focused on transforming the business and improving fundamentals.

Sealed Air reported Q3 2023 financial results with net sales of $1.38 billion, a 1% decrease as reported, but flat at constant currency. Net earnings decreased by 57% to $58 million, and adjusted EBITDA was down 3% to $285 million. The company is focused on improving execution across innovation, supply chain, and commercial efforts while accelerating cost take-out and portfolio optimization.

Sealed Air reported Q2 2023 results with net sales of $1.38 billion, a decrease of 3% as reported. Net earnings were $94 million, down 18%, with earnings per share at $0.65, a 16% decrease. The company is launching 'Cost take-out to Grow' as part of Reinvent SEE 2.0 to reduce costs by $140 to $160 million annually by the end of 2025.

SEE reported Q1 2023 results with net sales of $1.3 billion, a 5% decrease as reported. Net earnings decreased by 58% to $63 million, and adjusted EBITDA was down 18% to $267 million. Despite these declines, the company anticipates growth in the second half of 2023, driven by the Liquibox acquisition, reduced destocking, and expected market recovery.

Sealed Air reported a decrease in net sales by 8% to $1.4 billion in Q4 2022. Net earnings decreased by 44% to $95 million. Adjusted EBITDA decreased by 10% to $297 million, and adjusted EPS decreased by 12% to $0.99. The company completed the Liquibox acquisition and launched Reinvent SEE 2.0.

SEE reported flat net sales of $1.4 billion but an 8% increase in Adjusted EBITDA to $293 million. Net earnings increased by 23% to $133 million, and adjusted earnings per share increased by 14% to $0.98.

Sealed Air announced financial results for Q2 2022, with net sales of $1.4 billion, up 7% as reported. Net earnings were $114 million, up 5%, and adjusted EBITDA was $293 million, up 12%. EPS was $0.77, up 8%, and adjusted EPS was $1.01, up 28%.

SEE reported strong Q1 2022 results, with net sales of $1.4 billion, up 12% as reported and 15% on a constant currency basis. Net earnings increased by 41% to $150 million, with EPS up 47% to $1.00. Adjusted EBITDA rose by 22% to $327 million, and Adjusted EPS increased by 43% to $1.12.

Sealed Air reported Q4 2021 net sales of $1.5 billion, up 14%, and net earnings of $169 million, up 23%. Adjusted EBITDA was $330 million, up 18%, and EPS was $1.12, up 27%.

Sealed Air announced strong Q3 2021 financial results with net sales of $1.4 billion, up 14% as reported. Net earnings were $108 million, down 18%, with EPS of $0.71, down 16%. Adjusted EBITDA was $271 million, up 4%, and Adjusted EPS was $0.86, up 5%.

Sealed Air reported a 15% increase in net sales, reaching $1.3 billion, driven by demand for automated and sustainable packaging solutions. Adjusted EBITDA rose by 1%, while the company is increasing its investment in automation, digital, and sustainability, alongside returning capital to shareholders through share repurchases and dividend increases.

Sealed Air reported net sales of $1.3 billion, an 8% increase, and adjusted EBITDA of $268 million, a 6% increase. The company raised its full-year outlook due to strong performance in eCommerce, food retail, and equipment.

Sealed Air reported strong Q4 2020 results, with net sales increasing by 3% and adjusted EPS increasing by 14%. The company's performance was driven by strength in food retail, e-commerce, and automated equipment. They delivered Adjusted EBITDA growth of 9% and Adjusted EBITDA to free cash flow conversion greater than 50%.

Sealed Air Corporation reported a 2% increase in net sales to $1.2 billion and a 66% increase in net earnings to $132 million for the third quarter of 2020. Adjusted EBITDA increased by 8% to $259 million, and adjusted EPS grew by 28% to $0.82. The company also increased its full-year 2020 financial outlook.

Sealed Air reported Q2 2020 results with net sales of $1.2 billion, a decrease of 1% as reported but an increase of 3% on a constant currency basis. Net earnings increased approximately 300% to $100 million, or $0.64 per share. Adjusted EBITDA rose by 10% to $260 million, while adjusted EPS decreased by 5% to $0.76 per share.

Sealed Air reported a strong first quarter with net sales increasing 6% to $1.2 billion and Adjusted EBITDA increasing 17% to $253 million, compared to the first quarter of 2019. However, due to the uncertainty in the markets, the company is suspending its full year 2020 guidance.

Sealed Air reported a 3% increase in net sales to $1.3 billion and a 9% increase in Adjusted EBITDA to $271 million for Q4 2019. Net earnings, however, decreased by 38% to $124 million, or $0.80 per share, due to special items. Adjusted EPS increased by 4% to $0.78.