NYSE$SEE

Sealed Air Corp · Q4 2021 earnings

Q4 2021 earnings · · Investor relations

Briefing

Sealed Air reported strong sales and earnings, overcoming inflationary, supply, and COVID challenges.

Sealed Air reported Q4 2021 net sales of $1.5 billion, up 14%, and net earnings of $169 million, up 23%. Adjusted EBITDA was $330 million, up 18%, and EPS was $1.12, up 27%.

  • Delivered strong sales and earnings.
  • Overcame dramatic inflationary, supply, and COVID challenges.
  • Building a world-class, digitally empowered company.
  • Investing in people, operations, and customers to create significant value.

Headline financials

Total Revenue

$1.53B

Previous: $1.34B+14.2%
EPS (adj)

$1.12

Previous: $0.89+25.8%
Adjusted EBITDA

$330M

Previous: $279M+18.3%
Capital Expenditures

$58.3M

Previous: $62.8M-7.2%
Free Cash Flow

$497M

Previous: $556M-10.6%
Net Income

$169M

Previous: $138M+22.5%
Operating Income

$300M

Previous: $221M+36.0%
Gross Profit

$475M

Previous: $424M+12.0%
Cash & Equivalents

$561M

Previous: $549M+2.2%
Total Assets

$6.23B

Previous: $6.08B+2.4%
Stock-Based Comp

$10.4M

Previous: $10.5M-1.0%

Revenue & EPS history

Sealed Air · Revenue · Quarterly

$1.53B

Q4 2021+14.2%vs Q4 2020
Beat estimate in 15 of 16 quarters(94%)
ActualEstimate

Revenue by segment

Sealed Air · $1.53B total across 2 segments · Q4 2021

  • Food
    $877M+15.8%
  • Protective
    $655M+12.3%

Forward guidance

For the full year 2022, SEE expects net sales in the range of $5.8 billion to $6.0 billion, and Adjusted EBITDA is expected to be in the range of $1.20 billion to $1.24 billion. The Company forecasts full year Adjusted EPS to be in the range of $3.95 to $4.15.

Tailwinds

  • Increasing investments in automation
  • Increasing investments in digital
  • Increasing investments in sustainability
  • Generating attractive returns
  • Maintaining a strong balance sheet

Headwinds

  • Unfavorable currency impact of approximately 2%
  • Unfavorable divestiture impact of approximately 1%
  • Unfavorable currency impact of approximately 2% on Adjusted EBITDA
  • Anticipated Adjusted Tax Rate of approximately 26%
  • Cash tax payments are expected to be in the range of $205 million to $215 million

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q4 2021

Historical avgQ4 2021

+0.2%

Avg return

Earnings day

+0.5%

Avg return

5 days after

+1.4%

Avg return

30 days after

54%

37 / 68 earnings

Positive

+13.7%

Q3 2023

Best reaction

-12.5%

Q2 2012

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q4 2025+0.1%+0.3%+0.5%
Q3 2025+5.2%+7.9%+24.2%
Q2 2025+3.4%+1.2%+11.5%
Q1 2025+5.7%+11.0%+15.5%
Q4 2024+5.8%+6.4%-8.0%
Q3 2024-4.6%-4.1%-1.7%
Q2 2024-3.7%-4.9%-1.7%
Q1 2024+9.6%+13.2%+21.1%
Q4 2023-5.5%-3.7%+3.1%
Q3 2023+13.7%+9.3%+11.9%
Q2 2023-10.3%-13.4%-23.8%
Q1 2023-12.1%-11.1%-20.8%
Q4 2022-7.9%-5.1%-15.5%
Q3 2022-10.9%-8.7%+10.9%
Q2 2022-8.3%-9.8%-13.0%
Q1 2022+6.4%+1.9%-1.1%
Q4 2021+8.1%+8.1%+6.6%
Q3 2021+5.0%+6.7%+7.1%
Q2 2021+3.0%+4.3%+9.6%
Q1 2021+13.5%+13.8%+15.3%
Q4 2020-2.5%-3.1%-0.5%
Q3 2020-1.1%-0.3%+9.7%
Q2 2020+11.3%+11.6%+8.6%
Q1 2020+1.0%+8.9%+24.4%
Q4 2019-3.4%-6.4%-33.8%
Q3 2019-7.1%-5.6%-7.4%
Q2 2019+6.5%+9.6%-3.2%
Q1 2019-4.5%-4.8%-10.1%
Q4 2018+5.7%+4.3%+10.6%
Q3 2018+2.8%+5.3%+12.9%
Q2 2018-0.5%-6.0%-8.0%
Q1 2018+1.7%+0.9%+0.6%
Q4 2017-6.1%-6.0%+0.7%
Q3 2017+2.7%+3.1%+9.6%
Q2 2017+2.3%+0.7%-0.3%
Q1 2017-6.5%-8.4%-4.5%
Q4 2016-4.8%-6.2%-10.0%
Q3 2016+4.4%+4.8%+9.1%
Q2 2016-3.9%-6.4%-4.6%
Q1 2016-10.1%
Q4 2015+4.6%
Q3 2015-4.2%
Q2 2015+5.1%
Q1 2015+6.4%
Q4 2014+10.5%
Q3 2014+4.0%
Q2 2014+1.4%
Q1 2014+3.0%
Q4 2013+1.8%
Q3 2013+5.8%
Q2 2013+8.2%
Q1 2013-1.6%
Q4 2012+5.9%
Q3 2012+1.0%
Q2 2012-12.5%
Q1 2012-6.6%
Q4 2011-1.1%
Q3 2011-3.5%
Q2 2011-9.0%
Q1 2010+1.4%
Q1 2011+1.3%
Q4 2010+1.1%
Q4 2008+1.1%
Q3 2010-1.4%
Q3 2009-1.4%
Q2 2009-3.5%
Q2 2010-3.5%
Q4 2009-3.5%

Discussion

Share your read of this quarter. Sign-in carries your eToro identity.

Join the conversation

Sign in with eToro to post your read of this quarter and vote on others'.

Sign in with eToro