Loading...
•
Mar 31, 2022
Sealed Air Q1 2022 Earnings Report
SEE's Q1 2022 performance was driven by the SEE Operating Engine, with a focus on automation, digital solutions, and sustainability.
Key Takeaways
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.
Net sales reached $1.4 billion, reflecting a 12% increase as reported and a 15% increase on a constant currency basis.
Net earnings grew by 41% to $150 million, with earnings per share (EPS) increasing by 47% to $1.00.
Adjusted EBITDA increased by 22% to $327 million, while Adjusted EPS rose by 43% to $1.12.
Cash flow from operations was $48 million, a 39% decrease compared to the previous year, with increased investments in growth, including a 53% rise in CapEx to $67 million.
Revenue by Segment
Forward Guidance
For the full year 2022, SEE now expects net sales in the range of $5.85 billion to $6.05 billion. Full year Adjusted EBITDA is now expected to be in the range of $1.22 billion to $1.25 billion. The Company forecasts full year Adjusted EPS to now be in the range of $4.05 to $4.20. The company continues to expect full year Free Cash Flow in 2022 to be in the range of $510 million to $550 million.
Positive Outlook
- Net sales are expected to be in the range of $5.85 billion to $6.05 billion.
- Adjusted EBITDA is projected to be between $1.22 billion and $1.25 billion.
- Adjusted EPS is forecasted to be in the range of $4.05 to $4.20.
- The Adjusted Tax Rate is anticipated to be approximately 26%.
- Free Cash Flow is expected to be in the range of $510 million to $550 million.
Challenges Ahead
- Net sales include an unfavorable currency impact of approximately 2%.
- Net sales include an unfavorable divestiture impact of approximately 1%.
- Currency fluctuations are expected to have an unfavorable impact of approximately 2% on Adjusted EBITDA.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...