CHARLOTTE, N.C. -On Tuesday, Sealed Air Corporation (NYSE:SEE) reported fourth quarter earnings that surpassed analyst expectations, while revenue met estimates. The packaging company also provided guidance for fiscal year 2025.
Sealed Air shares edged up 0.53% in early trading following the earnings release.
Sealed Air posted adjusted earnings per share of $0.75 for Q4, beating the analyst consensus of $0.68. Revenue came in at $1.37 billion, in line with Wall Street forecasts.
For the full year 2024, the company generated revenue of $5.39 billion, down 1.8% YoY. Adjusted EBITDA rose slightly to $1.11 billion from $1.11 billion in 2023.
"During the fourth quarter, we completed the reorganization into two market-focused businesses, Food and Protective, and had a strong finish to the year," said Dustin Semach, Sealed Air's President and CEO. "We exceeded our expectations across Adjusted EBITDA, Adjusted EPS and Free Cash Flow, reflecting improved discipline in fundamentals."
Looking ahead, Sealed Air forecast fiscal 2025 earnings per share between $2.90 and $3.30, compared to the $3.12 analyst estimate. The company expects 2025 revenue in the range of $5.1 billion to $5.5 billion, versus the $5.4 billion consensus.
The company said it is targeting growth and margin expansion in 2025 as it focuses on streamlining operations and driving productivity. Sealed Air aims to accelerate momentum in its Food segment while continuing to stabilize the Protective business.
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