Shares of Sealed Air SEE were unchanged after the company reported Q2 results.
Quarterly Results
Earnings per share rose 3.95% year over year to $0.79, which beat the estimate of $0.78.
Revenue of $1,329,000,000 rose by 15.46% from the same period last year, which beat the estimate of $1,280,000,000.
Outlook
Sealed Air raised FY21 EPS guidance from $3.40-$3.55 to $3.45-$3.60 and sales forecast from $5.25 billion-$5.35 billion to $5.4 billion-$5.5 billion.
Conference Call Details
Date: Aug 03, 2021
Time: 10:00 AM
ET Webcast URL: https://edge.media-server.com/mmc/p/zo8swcoh
Recent Stock Performance
52-week high: $59.70
52-week low: $34.59
Price action over last quarter: down 1.07%
Company Profile
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.
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