Sealed Air 3Q Net Falls Less Than Feared, Co Boosts '24 Adjusted EPS View

Dow Jones

Nov 07, 2024

By Rob Curran

Sealed Air logged a drop in third-quarter earnings and sales that was not as severe as feared, and the packaging maker boosted its adjusted earnings projection for the year, suggesting a slowdown in economic activity may be moderating.

The Charlotte, N.C., maker of bubble wrap and other packaging materials posted third-quarter earnings of $91.7 million, or 63 cents a share, up from $56.6 million, or 39 cents a share, a year earlier. Excluding the impact of discontinued operations and other items, Sealed Air posted fourth-quarter adjusted earnings of 79 cents a share, handily beating the average Wall Street target, as per FactSet.

Third-quarter sales fell 2.7% to $1.35 billion, edging out the average analyst target of $1.34 billion.

For the full year, Sealed Air boosted its adjusted earnings projection to a range between $3 and $3.10 a share from a previous $2.65-to-$3.05 a share.

For 2024, Sealed Air now anticipates sales in a range between $5.375 billion and $5.425 billion.

Trends in packaging demand are often a barometer of broader economic activity.

Write to Rob Curran at rob.curran@wsj.com

(END) Dow Jones Newswires

November 07, 2024 07:55 ET (12:55 GMT)

Copyright (c) 2024 Dow Jones & Company, Inc.

At the request of the copyright holder, you need to log in to view this content

LOGIN / SIGN UP

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

1
2
3
4
5
6
7
8
9
10

{"basename":"","ssrTDKData":{"titleTemplate":"%s - Tiger Brokers","title":"Tiger Brokers | Global Stocks, Options & Futures Trading App","description":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","keywords":"tiger brokers,tiger trade,tiger brokers singapore,broker online,stock trading in singapore,share trading singapore,brokerage firm singapore,trading app,stock broker singapore,stock trading platforms,trading account","social":{"ogDescription":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www.itiger.com/news/2481909772"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"2481909772\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/2481909772?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-11-07 20:55","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2481909772","market":"other","top_or_hot":-1,"title":"Sealed Air 3Q Net Falls Less Than Feared, Co Boosts '24 Adjusted EPS View","media":"Dow Jones","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n  By Rob Curran \n</p>\n<pre>\n \n</pre>\n<p>\n  Sealed Air logged a drop in third-quarter earnings and sales that was not as severe as feared, and the packaging maker boosted its adjusted earnings projection for the year, suggesting a slowdown in economic activity may be moderating. \n</p>\n<p>\n  The Charlotte, N.C., maker of bubble wrap and other packaging materials posted third-quarter earnings of $91.7 million, or 63 cents a share, up from $56.6 million, or 39 cents a share, a year earlier. Excluding the impact of discontinued operations and other items, Sealed Air posted fourth-quarter adjusted earnings of 79 cents a share, handily beating the average Wall Street target, as per FactSet. \n</p>\n<p>\n  Third-quarter sales fell 2.7% to $1.35 billion, edging out the average analyst target of $1.34 billion. \n</p>\n<p>\n  For the full year, Sealed Air boosted its adjusted earnings projection to a range between $3 and $3.10 a share from a previous $2.65-to-$3.05 a share. \n</p>\n<p>\n  For 2024, Sealed Air now anticipates sales in a range between $5.375 billion and $5.425 billion. \n</p>\n<p>\n  Trends in packaging demand are often a barometer of broader economic activity. \n</p>\n<pre>\n \n</pre>\n<p>\n  Write to Rob Curran at rob.curran@wsj.com \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  November 07, 2024 07:55 ET (12:55 GMT)\n</p>\n<p>\n  Copyright (c) 2024 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Sealed Air 3Q Net Falls Less Than Feared, Co Boosts '24 Adjusted EPS View</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSealed Air 3Q Net Falls Less Than Feared, Co Boosts '24 Adjusted EPS View\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2024-11-07 20:55</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n  By Rob Curran \n</p>\n<pre>\n \n</pre>\n<p>\n  Sealed Air logged a drop in third-quarter earnings and sales that was not as severe as feared, and the packaging maker boosted its adjusted earnings projection for the year, suggesting a slowdown in economic activity may be moderating. \n</p>\n<p>\n  The Charlotte, N.C., maker of bubble wrap and other packaging materials posted third-quarter earnings of $91.7 million, or 63 cents a share, up from $56.6 million, or 39 cents a share, a year earlier. Excluding the impact of discontinued operations and other items, Sealed Air posted fourth-quarter adjusted earnings of 79 cents a share, handily beating the average Wall Street target, as per FactSet. \n</p>\n<p>\n  Third-quarter sales fell 2.7% to $1.35 billion, edging out the average analyst target of $1.34 billion. \n</p>\n<p>\n  For the full year, Sealed Air boosted its adjusted earnings projection to a range between $3 and $3.10 a share from a previous $2.65-to-$3.05 a share. \n</p>\n<p>\n  For 2024, Sealed Air now anticipates sales in a range between $5.375 billion and $5.425 billion. \n</p>\n<p>\n  Trends in packaging demand are often a barometer of broader economic activity. \n</p>\n<pre>\n \n</pre>\n<p>\n  Write to Rob Curran at rob.curran@wsj.com \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  November 07, 2024 07:55 ET (12:55 GMT)\n</p>\n<p>\n  Copyright (c) 2024 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"SEE","symbol_name":"希悦尔","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2481909772","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2481909772","pubTimestamp":1730984100,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"Sealed Air logged a drop in third-quarter earnings and sales that was not as severe as feared, and the packaging maker boosted its adjusted earnings projection for the year, suggesting a slowdown in economic activity may be moderating.The Charlotte, N.C., maker of bubble wrap and other packaging materials posted third-quarter earnings of $91.7 million, or 63 cents a share, up from $56.6 million, or 39 cents a share, a year earlier. Excluding the impact of discontinued operations and other items, Sealed Air posted fourth-quarter adjusted earnings of 79 cents a share, handily beating the average Wall Street target, as per FactSet.Third-quarter sales fell 2.7% to $1.35 billion, edging out the average analyst target of $1.34 billion.For the full year, Sealed Air boosted its adjusted earnings projection to a range between $3 and $3.10 a share from a previous $2.65-to-$3.05 a share.For 2024, Sealed Air now anticipates sales in a range between $5.375 billion and $5.425 billion.Trends in packa","collect":0,"end_time":0,"defaultTopTitle":"","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"SEE":"希悦尔"},"translate_title":"Sealed Air第三季度净跌幅低于预期，Co上调24年调整后每股收益预期","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"SEE":1},"content_text":"By Rob Curran \n\n\n \n\n\n  Sealed Air logged a drop in third-quarter earnings and sales that was not as severe as feared, and the packaging maker boosted its adjusted earnings projection for the year, suggesting a slowdown in economic activity may be moderating. \n\n\n  The Charlotte, N.C., maker of bubble wrap and other packaging materials posted third-quarter earnings of $91.7 million, or 63 cents a share, up from $56.6 million, or 39 cents a share, a year earlier. Excluding the impact of discontinued operations and other items, Sealed Air posted fourth-quarter adjusted earnings of 79 cents a share, handily beating the average Wall Street target, as per FactSet. \n\n\n  Third-quarter sales fell 2.7% to $1.35 billion, edging out the average analyst target of $1.34 billion. \n\n\n  For the full year, Sealed Air boosted its adjusted earnings projection to a range between $3 and $3.10 a share from a previous $2.65-to-$3.05 a share. \n\n\n  For 2024, Sealed Air now anticipates sales in a range between $5.375 billion and $5.425 billion. \n\n\n  Trends in packaging demand are often a barometer of broader economic activity. \n\n\n \n\n\n  Write to Rob Curran at rob.curran@wsj.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  November 07, 2024 07:55 ET (12:55 GMT)\n\n\n  Copyright (c) 2024 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}