NYSE$SEE
Sealed Air Corp · Q4 2023 earnings
Q4 2023 earnings · · Investor relations
Briefing
Reported financial results for Q4 and full year 2023, and provided its 2024 outlook.
Sealed Air Corporation's Q4 2023 results were in line with expectations, with net sales of $1.4 billion, a 2% decrease as reported. Net earnings were $125 million, up 32%, and adjusted EBITDA was $274 million, down 8%. The company is focused on transforming the business and improving fundamentals.
- Net sales in Q4 were $1.4 billion, down 2% as reported.
- Net earnings in Q4 were $125 million, up 32%.
- Adjusted EBITDA in Q4 was $274 million, down 8% as reported.
- Adjusted EPS (Diluted) in Q4 of $0.88, down 11% as reported.
Headline financials
Revenue & EPS history
Sealed Air · Revenue · Quarterly
$1.38B
Revenue by segment
Sealed Air · $1.38B total across 2 segments · Q3 2023
- Food$893M+7.6%64.7%
- Protective$488M-14.5%35.3%
Forward guidance
For the full year 2024, SEE expects net sales in the range of $5.2 to $5.6 billion and Adjusted EBITDA is expected to be in the range of $1.05 to $1.15 billion. The Company forecasts full year Adjusted EPS to be in the range of $2.65 to $3.05, which is based on approximately 146 million shares outstanding and an anticipated Adjusted Tax Rate in the range of 26% to 27%. Free Cash Flow in 2024 is expected to be in the range of $325 to $425 million, with capital expenditures expected to be approximately $230 million. Cash tax payments are expected to be in the range of $155 to $165 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 2023
+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
| Quarter | Report date | Reaction (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% | — | — |
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