SEE - Sealed Air Non-GAAP EPS of $1.12 beats by $0.19 revenue of $1.4B beats by $10M

Sealed Air press release (NYSE:SEE): Q1 Non-GAAP EPS of $1.12 beats by $0.19. Revenue of $1.4B (+12% Y/Y) beats by $10M. Adjusted EBITDA of $327 million Updated 2022 Full Year Outlook: For the full year 2022, SEE now expects net sales in the range of $5.85 billion to $6.05 billion vs consensus of $5.90B, which includes an unfavorable currency impact of approximately 2% and an unfavorable divestiture impact of approximately 1%. This compares to the Company's previous net sales outlook in the range of $5.8 billion to $6.0 billion. Full year Adjusted EBITDA is now expected to be in the range of $1.22 billion to $1.25 billion, compared to the previous outlook of $1.20 billion to $1.24 billion. The Company continues to expect unfavorable currency impact of approximately 2%. The Company forecasts full year Adjusted EPS to now be in the range of $4.05 to $4.20 vs consensus of $4.10,

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Sealed Air Non-GAAP EPS of $1.12 beats by $0.19, revenue of $1.4B beats by $10M