SEE - Sealed Air Non-GAAP EPS of $0.74 misses by $0.03 revenue of $1.3B misses by $60M
2023-05-02 07:09:09 ET
- Sealed Air press release ( NYSE: SEE ): Q1 Non-GAAP EPS of $0.74 misses by $0.03 .
- Revenue of $1.3B (-7.1% Y/Y) misses by $60M .
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Updated 2023 Full Year Outlook: For the full year 2023, SEE continues to expect net sales in the range of $5.85 to $6.10 billion, or an increase of 4% to 8%, which includes a favorable impact of the Liquibox acquisition of approximately 6% and unfavorable currency impact of approximately 1%.
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The Company continues to expect full year Adjusted EBITDA to be in the range of $1.25 to $1.30 billion, which includes a favorable impact of the Liquibox acquisition of approximately 8% and unfavorable currency impact of approximately 1%.
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The Company continues to forecast full year Adjusted EPS to be in the range of $3.50 to $3.80, which is now based on approximately 145 million shares outstanding and an anticipated Adjusted Tax Rate of approximately 26% to 27%.
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Sealed Air Non-GAAP EPS of $0.74 misses by $0.03, revenue of $1.3B misses by $60M