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Jun 30, 2022
Sealed Air Q2 2022 Earnings Report
Sealed Air reported strong second-quarter earnings, overcoming inflationary pressures and supply chain challenges.
Key Takeaways
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%.
Net sales increased by 7% as reported and 11% on a constant currency basis.
Adjusted EBITDA increased by 12% due to favorable price/cost spread.
Adjusted EPS grew by 28% primarily due to Adjusted EBITDA growth.
Company reaffirms full-year outlook for net sales, Adjusted EBITDA, Adjusted EPS, and Free Cash Flow.
Sealed Air
Sealed Air
Sealed Air Revenue by Segment
Revenue by Segment
Food Revenue
CapyFin.comProtective Revenue
CapyFin.com Forward Guidance
For the full year 2022, SEE continues to expect net sales in the range of $5.85 to $6.05 billion and Adjusted EBITDA in the range of $1.22 to $1.25 billion. The Company continues to forecast full year Adjusted EPS to be in the range of $4.05 to $4.20, which is based on approximately 148 million shares outstanding and an Adjusted Tax Rate of approximately 26%. The Company continues to expect full year Free Cash Flow in 2022 to be in the range of $510 to $550 million.
Revenue & Expenses
Visualization of income flow from segment revenue to net income