Sealed Air (SEE) Tops Q4 EPS by 8c, Revenues Beat; Offers FY19 EPS Mid-Point Guidance Below Consensus

Sealed Air (NYSE: SEE) reported Q4 EPS of $0.75, $0.08 better than the analyst estimate of $0.67. Revenue for the quarter came in at $1.3 billion versus the consensus estimate of $1.24 billion.

“Our focus on SEE Operational Excellence enabled us to deliver an Adjusted EBITDA increase of 7% on sales growth of 6% and an Adjusted Earnings Per Share increase of 38% in 2018, despite currency headwinds and higher input costs,” said Ted Doheny, Sealed Air President and CEO.

“We are continuing to execute on our Reinvent SEE strategy, which we are confident will transform Sealed Air into a company that delivers world-class performance as ‘One SEE.’ By improving how we innovate, buy, make, and solve, we will address our customers’ most critical packaging challenges, lead the industry with sustainable solutions and make every customer a reference. We are committed to creating long-term value for our shareholders through consistent profitable growth and increased earnings power.”

GUIDANCE:

Sealed Air sees FY2019 EPS of $2.65-$2.75, versus the consensus of $2.73.

For earnings history and earnings-related data on Sealed Air (SEE) click here.

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