Free Research Report as Sealed Air’s Revenue Grew 6.2% and Adjusted EPS Surged 12.2%

Stock Monitor: Greif Post Earnings Reporting

LONDON, UK / ACCESSWIRE / December 22, 2017 / Active-Investors.com has just released a free earnings report on Sealed Air Corp. (NYSE: SEE). If you want access to this report all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=SEE . The Company posted its financial results on November 08, 2017, for the third quarter of the fiscal year 2017. The specialty packaging service provider's revenue surpassed analysts' expectations. Register today and get access to over 1000 Free Research Reports by joining our site below:

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Active-Investors.com is currently working on the research report for Greif, Inc. (NYSE: GEF), which also belongs to the Consumer Goods sector as the Company Sealed Air. Do not miss out and become a member today for free to access this upcoming report at:

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Active-Investors.com is focused on giving you timely information and the inside line on companies that matter to you. This morning, Sealed Air most recent news is on our radar and our team decided to put out a fantastic report on the company that is now available for free below:

www.active-investors.com/registration-sg/?symbol=SEE

Earnings Highlights and Summary

For the three months ended September 30, 2017, Sealed Air's total revenue increased 6.2% to $1.13 billion from $1.07 billion in Q3 FY16, due to the adoption of innovative solutions coupled with strong end market demand across all proteins and within the ecommerce and fulfillment sectors. The Company's total revenue numbers surpassed analysts' expectations of $1.11 billion.

During Q3 FY17, Sealed Air's gross profit increased 1.5% to $362.1 million from $356.7 million in the same period of last year. For the reported quarter, the Company's gross margin decreased 150 basis points to 32% of revenue from 33.5% of revenue in Q3 FY16.

For the reported quarter, Sealed Air's adjusted earnings before interest, tax, depreciation, and amortization (EBITDA) increased 1.8% to $216.8 million from $212.9 million in Q3 FY16. For the reported quarter, the Company's adjusted EBITDA margin decreased 80 basis points to 19.2% of revenue from 20.0% of revenue in Q3 FY16.

During Q3 FY17, Sealed Air's operating income decreased 4.2% to $160.1 million from $167.1 million in the comparable period of last year. For the reported quarter, the Company's operating margin decreased 150 basis points to 14.2% of revenue from 15.7% of revenue in Q3 FY16.

During Q3 FY17, Sealed Air's earnings before tax (EBT) decreased 10% to $106.1 million from $117.9 million in the corresponding period of last year. For the reported quarter, the Company's EBT margin decreased 170 basis points to 9.4% of revenue from 11.1% of revenue in Q3 FY16.

For the reported quarter, Sealed Air's net income decreased 2.2% to $62.4 million from $63.8 million in Q3 FY16. During Q3 FY17, the Company's diluted earnings per share (EPS) increased 3.1% to $0.33 on a y-o-y basis from $0.32 in the same period of last year. For the reported quarter, Sealed Air's adjusted net income increased 7.2% to $86.6 million on a y-o-y basis from $80.8 million in Q3 FY16. During Q3 FY17, the Company's adjusted diluted EPS increased 12.2% to $0.46 on a y-o-y basis from $0.41 in Q3 FY16, and was in-line with analysts' expectations of $0.46.

Segment Details

Food Care - During Q3 FY17, the Company's Food Care segment's net revenue increased 5.9%, or 4% on a constant currency basis, to $716.0 million from $676.2 million in the comparable period of last year. For the reported quarter, the segment's adjusted EBITDA increased 1.7% to $158.3 million from $155.6 million in Q3 FY16.

Product Care - During Q3 FY17, the Company's Product Care segment's net revenue increased 6.8% to $415.3 million from $388.9 million in the corresponding period of last year. For the reported quarter, the segment's adjusted EBITDA decreased 1.7% to $86.5 million from $88 million in Q3 FY16.

Balance Sheet

As on September 30, 2017, Sealed Air's cash and cash equivalents increased 291% to $1.30 billion from $333.7 million as on December 31, 2016. For the reported quarter, the Company's long-term debt, net of current portion, decreased 14.4% to $3.22 billion from $3.76 billion in Q4 FY16.

For the reported quarter, the Company's net trade receivables increased 17.4% to $540.5 million from $460.5 million in Q4 FY16. For the reported quarter, the Company's accounts payable and accrued liabilities increased 44.3% to $778.2 million from $539.2 million in Q4 FY16.

In the first nine months of 2017, Sealed Air's net cash provided by operating activities decreased 29% to $332.5 million from $468.4 million in the same period of last year. In the first nine months of 2017, Sealed Air's free cash flow decreased 26% to $206.0 million from $278.2 million in the comparable period of last year.

On September 06, 2017, Sealed Air completed the sale of Diversey to Bain Capital for $3.2 billion.

On October 02, 2017, Sealed Air acquired Fagerdala Singapore Pte Ltd., a manufacturer and fabricator of polyethylene foam.

Outlook

For FY17, the Company expects net revenue to be $4.4 billion, and adjusted EBITDA to be $830 million. The Company estimates adjusted EPS to be in the range of $1.75 - $1.80, and free cash flow to be $400 million for the fiscal year 2017.

Stock Performance Snapshot

December 21, 2017 - At Thursday's closing bell, Sealed Air's stock marginally rose 0.39%, ending the trading session at $48.70.

Volume traded for the day: 2.68 million shares, which was above the 3-month average volume of 2.37 million shares.

Stock performance in the last month – up 7.89%; previous three-month period – up 14.59%; past twelve-month period – up 3.71%; and year-to-date – up 7.41%

After yesterday's close, Sealed Air's market cap was at $9.10 billion.

Price to Earnings (P/E) ratio was at 46.92.

The stock has a dividend yield of 1.31%.

The stock is part of the Consumer Goods sector, categorized under the Packaging & Containers industry. This sector was up 0.2% at the end of the session.

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