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Mar 31, 2020
Sealed Air Q1 2020 Earnings Report
Sealed Air's Q1 2020 results reflected agility in responding to unprecedented circumstances and continued execution of strategy.
Key Takeaways
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.
Net sales increased 6% to $1.2 billion.
Net earnings of $115 million, up 78%, or $0.74 per share, up 80%.
Adjusted EBITDA increased 17% to $253 million.
Adjusted EPS increased 24% to $0.73 per share.
Revenue by Segment
Forward Guidance
Given the uncertainty in the markets we serve, we are suspending our full year 2020 guidance. Our focus is on zero harm, business continuity and leveraging our Reinvent SEE transformation to ensure we emerge from this crisis as a better and stronger company. We are prioritizing investments to maximize cash flow and maintain a healthy balance sheet. Our capabilities and business model coupled with our strong liquidity will enable us to effectively manage through the changing environment.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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