Recap: Sealed Air Q3 Earnings

Shares of Sealed Air SEE decreased 0.1% in pre-market trading after the company reported Q3 results.

Quarterly Results

Earnings per share increased 28.12% year over year to $0.82, which beat the estimate of $0.66.

Revenue of $1,237,000,000 up by 1.48% from the same period last year, which beat the estimate of $1,190,000,000.

Outlook

The upcoming fiscal year's EPS expected to be between $3.05 and $3.05.

The upcoming fiscal year's revenue expected to be between $4,850,000,000 and $4,850,000,000.

Details Of The Call

Date: Oct 28, 2020

Time: 10:00 AM

ET Webcast URL: https://edge.media-server.com/mmc/p/hh6w3dbs

Price Action

Company's 52-week high was at $43.37

52-week low: $17.06

Price action over last quarter: down 0.42%

Company Overview

Sealed Air is organized via two reporting segments. Food care includes food packaging products like Cryovac, Darfresh, and OptiDure aimed primarily at meats. Product care includes Sealed Air's Bubble Wrap, Instapak, Jiffy mailers, and shrink film packaging systems that cater to industrial and e-commerce applications.