Recap: Sealed Air Q4 Earnings

Shares of Sealed Air SEE rose 2.2% in pre-market trading after the company reported Q4 results.

Quarterly Results

Earnings per share increased 14.10% year over year to $0.89, which beat the estimate of $0.76.

Revenue of $1,341,000,000 up by 3.23% year over year, which beat the estimate of $1,300,000,000.

Outlook

Sealed Air said it sees FY21 EPS of $3.25-$3.40 and sales of $5.1 billion-$5.2 billion.

Conference Call Details

Date: Feb 09, 2021

Time: 10:00 AM

ET Webcast URL: https://edge.media-server.com/mmc/p/y2n78y4y

Technicals

52-week high: $47.90

52-week low: $17.06

Price action over last quarter: Up 15.71%

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.