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Sep 30, 2021
Sealed Air Q3 2021 Earnings Report
Delivered strong sales and earnings despite significant inflationary pressures and widespread supply challenges.
Key Takeaways
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%.
Net sales of $1.4 billion, up 14% as reported; up 13% constant currency
Net earnings of $108 million, down 18%; EPS of $0.71, down 16%
Adjusted EBITDA of $271 million, up 4%; Adjusted EPS of $0.86, up 5%
Cash flow from operations year to date of $378 million, down 8%
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 2021, SEE expects net sales of approximately $5.5 billion, Adjusted EBITDA to be in the range of $1.12 billion to $1.14 billion, Adjusted EPS to be in the range of $3.50 to $3.60, and Free Cash Flow in the range of $520 million to $540 million.
Positive Outlook
- Net sales of approximately $5.5 billion, which represents an increase of approximately 12% as reported, or approximately 11% in constant currency.
- Adjusted EBITDA to be in the range of $1.12 billion to $1.14 billion.
- Adjusted EPS to be in the range of $3.50 to $3.60, or a growth rate of 10% to 13%.
- Adjusted EPS outlook is based on approximately 152.5 million weighted average shares outstanding and an Adjusted Tax Rate of approximately 26% for the full year.
- Free Cash Flow in 2021 to be in the range of $520 million to $540 million
Revenue & Expenses
Visualization of income flow from segment revenue to net income