SEE - Sealed Air Non-GAAP EPS of $1.12 misses by $0.01 revenue of $1.53B beats by $40M

Sealed Air press release (NYSE:SEE): Q4 Non-GAAP EPS of $1.12 misses by $0.01. Revenue of $1.53B (+14.2% Y/Y) beats by $40M. Adjusted EBITDA in Q4 of $330 million, up 18% and in 2021 of $1,132 million, up 8%. For the full year 2022, SEE expects net sales in the range of $5.8 billion to $6.0 billion, or an increase of 5% to 8%, which includes an unfavorable currency impact of approximately 2% and unfavorable divestiture impact of approximately 1%. Full year Adjusted EBITDA is expected to be in the range of $1.20 billion to $1.24 billion, which includes an unfavorable currency impact of approximately 2%. The Company forecasts full year Adjusted EPS to be in the range of $3.95 to $4.15, which is based on approximately 150 million shares outstanding and an anticipated Adjusted Tax Rate of approximately 26%.

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Sealed Air Non-GAAP EPS of $1.12 misses by $0.01, revenue of $1.53B beats by $40M