Sealed Air Q3 2021 Earnings Report
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
Sealed Air Revenue by Geographic Location
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