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Stock impact report

Sealed Air Reports Second Quarter Results

Sealed Air Corporation (SEE) 
Last sealed air corporation earnings: 2/11 07:00 am Check Earnings Report
US:NYSE Investor Relations: ir.sealedair.com
Company Research Source: Business Wire
Solid Q2, closes APS acquisition fueling growth, raises Adj. EBITDA & EPS guidanceNet Sales of $1.2 billion increased 1% as reported and 4% in constant dollarsNet Earnings of $26 million or $0.16 per share, down 69%Adjusted Net Earnings of $125 million or $0.80 per share, up 25%Reinvent SEE driving Adjusted EBITDA growth of 9% to $237 millionAdjusted EBITDA margin expanded 160 bps to 20% of salesCompletes strategic acquisition of Automated Packaging Systems on August 1, 2019Raises 2019 Adjusted EBITDA and Adjusted EPS guidance CHARLOTTE, N.C.--(BUSINESS WIRE)--Sealed Air Corporation (NYSE: SEE) today announced financial results for the second quarter 2019.“Our second quarter results demonstrate our significant progress in executing our Reinvent SEE strategy. In constant dollars, we delivered 12% Adjusted EBITDA growth on 4% higher sales. Adjusted EPS increased 25% compared to last year, as a result of profitable growth, lower tax expense and share repurchases,” said Ted Doheny, Sea Show less Read more
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