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Mar 31, 2021
Sealed Air Q1 2021 Earnings Report
Sealed Air's Q1 2021 performance reflected strong sales growth and increased full-year outlook.
Key Takeaways
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.
Net sales increased by 8% to $1.3 billion, with a 6% increase on a constant currency basis.
Net earnings decreased by 8% to $106 million, with an EPS of $0.68, also down 8%.
Adjusted EBITDA increased by 6% to $268 million, and adjusted EPS increased by 7% to $0.78.
Cash flow from operations increased significantly by 95% to $80 million.
Sealed Air
Sealed Air
Sealed Air Revenue by Segment
Revenue by Segment
Food Revenue
CapyFin.comProtective Revenue
CapyFin.com Forward Guidance
Sealed Air updated its full year 2021 outlook and now expects net sales in the range of $5.25 billion to $5.35 billion, Adjusted EBITDA in the range of $1.12 billion to $1.15 billion, Adjusted EPS to be in the range of $3.40 to $3.55, and Free Cash Flow in the range of $520 million to $570 million.
Positive Outlook
- Net sales are expected to be in the range of $5.25 billion to $5.35 billion, representing a 7% to 9% increase as reported.
- Adjusted EBITDA is projected to be between $1.12 billion and $1.15 billion.
- Adjusted EPS is forecasted to be in the range of $3.40 to $3.55.
- The company anticipates an Adjusted Tax Rate of 26% to 27%.
- Free Cash Flow is now expected to be in the range of $520 million to $570 million.
Revenue & Expenses
Visualization of income flow from segment revenue to net income