Sealed Air Sees Q3 2024 Net Sales Of $1.33B Vs $1.361B Est., Adj. EBITDA Of $265M, Adj. EPS Of $0.67 Vs $0.72 Est.; FY Net Sales Of $5.2B-$5.6B Vs $5.99B, Adj. EBITDA Of $1.05B-$1.15B, Adj. EPS Of $2.65-$3.05, FCF Of $325M-$425M
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Sealed Air (SEE) reported Q3 2024 net sales of $1.33 billion, missing the estimate of $1.361 billion. The company also reported adjusted EBITDA of $265 million and adjusted EPS of $0.67, both below estimates. For the full fiscal year, Sealed Air expects net sales of $5.2 billion to $5.6 billion, adjusted EBITDA of $1.05 billion to $1.15 billion, adjusted EPS of $2.65 to $3.05, and free cash flow of $325 million to $425 million.
August 08, 2024 | 11:06 am
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Sealed Air (SEE) reported Q3 2024 net sales of $1.33 billion, missing the estimate of $1.361 billion. The company also reported adjusted EBITDA of $265 million and adjusted EPS of $0.67, both below estimates. For the full fiscal year, Sealed Air expects net sales of $5.2 billion to $5.6 billion, adjusted EBITDA of $1.05 billion to $1.15 billion, adjusted EPS of $2.65 to $3.05, and free cash flow of $325 million to $425 million.
Sealed Air's Q3 2024 financial results missed analyst estimates for net sales and adjusted EPS. Additionally, the company's full-year guidance for net sales, adjusted EBITDA, and adjusted EPS is below expectations. This is likely to negatively impact the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100