On Monday, Sealed Air Corporation (NYSE:SEE) reported fourth-quarter adjusted earnings per share of 77 cents, beating the Street view of 73 cents.
Sales of $1.40 billion outpaced the analyst consensus estimate of $1.34 billion.
Details
Net sales rose 2.1% year over year (Y/Y) as reported, while decreasing by 0.7% Y/Y on a constant currency basis. Volumes fell by less than 1% Y/Y.
Sales in the Protective segment rose 3% Y/Y, and the Food segment increased 2% Y/Y in the quarter.
Adjusted EBITDA rose 2.7% …