Sealed Air Q4 2023 Earnings Report
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.
Sealed Air
Sealed Air
Sealed Air Revenue by Segment
Sealed Air Revenue by Geographic Location
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