SEE - Sealed Air Non-GAAP EPS of $0.98 beats by $0.08 revenue of $1.4B misses by $40M updates FY guidance
- Sealed Air press release ( NYSE: SEE ): Q3 Non-GAAP EPS of $0.98 beats by $0.08 .
- Revenue of $1.4B (-0.7% Y/Y) misses by $40M .
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Adjusted EBITDA of $293 million, up 8% as reported; up 12% constant currency
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Cash flow from operations (year to date) of $321 million, down 15%, Accelerating growth investments - CapEx of $184 million, up 19%, in 2022
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Updated 2022 Full Year Outlook:
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For the full year 2022, SEE now expects net sales to be in the range of $5.65 to $5.75 billion vs consensus of $5.83B, compared to the previous outlook in the range of $5.85 to $6.05 billion and Adjusted EBITDA to be in the range of $1.21 to $1.23 billion, compared to the previous outlook in the range of $1.22 to $1.25 billion.
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Sealed Air Non-GAAP EPS of $0.98 beats by $0.08, revenue of $1.4B misses by $40M, updates FY guidance