Sealed Air Earnings: Everything You Must Know Now

Sealed Air Corporation (NYSE:SEE) delivered a profit and beat Wall Street’s expectations, BUT came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company.

Sealed Air Corporation Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased 118.75% to $0.35 in the quarter versus EPS of $0.16 in the year-earlier quarter.

Revenue: Decreased 2.14% to $1.96 billion from the year-earlier quarter.

Actual vs. Wall St. Expectations: Sealed Air Corporation reported adjusted EPS income of $0.35 per share. By that measure, the company beat the mean analyst estimate of $0.25. It missed the average revenue estimate of $1.97 billion.

Quoting Management: Jerome A. Peribere, President and Chief Executive Officer, said, “During the second quarter, we were able to drive strong growth in AMAT and Latin America and modest growth in North America, which helped mitigate a soft global economy, particularly in Europe. We also delivered Adjusted EBITDA margin expansion on a year over year basis in our Food & Beverage and Institutional & Laundry divisions, offset by lower margin performance in Protective Packaging. Our second quarter results demonstrate the benefits we are experiencing from our pricing initiatives and focus on manufacturing and operational improvements.”

Key Stats (on next page)…

Revenue increased 5.87% from $1.85 billion in the previous quarter. EPS increased 105.88% from $0.17 in the previous quarter.

Looking Forward: Analysts have a neutral outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings is a profit of $0.36 and has not changed. For the current year, the average estimate is a profit of $1.17, which is the same with that ninety days ago.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)