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Dec 31, 2023
Sealed Air Q4 2023 Earnings Report
Reported financial results for Q4 and full year 2023, and provided its 2024 outlook.
Key Takeaways
Sealed Air Corporation's Q4 2023 results were in line with expectations, with net sales of $1.4 billion, a 2% decrease as reported. Net earnings were $125 million, up 32%, and adjusted EBITDA was $274 million, down 8%. The company is focused on transforming the business and improving fundamentals.
Net sales in Q4 were $1.4 billion, down 2% as reported.
Net earnings in Q4 were $125 million, up 32%.
Adjusted EBITDA in Q4 was $274 million, down 8% as reported.
Adjusted EPS (Diluted) in Q4 of $0.88, down 11% as reported.
Revenue by Segment
Forward Guidance
For the full year 2024, SEE expects net sales in the range of $5.2 to $5.6 billion and Adjusted EBITDA is expected to be in the range of $1.05 to $1.15 billion. The Company forecasts full year Adjusted EPS to be in the range of $2.65 to $3.05, which is based on approximately 146 million shares outstanding and an anticipated Adjusted Tax Rate in the range of 26% to 27%. Free Cash Flow in 2024 is expected to be in the range of $325 to $425 million, with capital expenditures expected to be approximately $230 million. Cash tax payments are expected to be in the range of $155 to $165 million.
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
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