What occurred
Has the bubble popped on Sealed Air (SEE 1.75%) inventory?
Over the previous few days, buyers might be forgiven for considering so. The corporate, greatest often known as the purveyor of ubiquitous packaging materials Bubble Wrap, printed a contemporary earnings report that fell simply in need of analyst expectations. The market clearly wasn’t in a forgiving temper, because it collectively traded the inventory down by greater than 11% throughout this week, in keeping with knowledge compiled by S&P Global Market Intelligence.
So what
On Tuesday, earlier than market open, Sealed Air took the seal off its first-quarter outcomes. These confirmed that the packaging firm’s internet gross sales tallied $1.3 billion, representing a 5% year-over-year decline. That determine additionally represented a miss on the common analyst estimate of $1.36 billion.
As for profitability, it fell at a steeper fee. Below typically accepted accounting rules (GAAP) requirements, the road merchandise was $61.9 million, down considerably from the first-quarter 2022 results of $149.2 million. On a non-GAAP (adjusted), per-share foundation, Sealed Air netted $0.74 throughout the interval.
The year-ago determine was properly increased, at $1.12. The collective prognosticator estimate was $0.77.
Administration put a optimistic spin on developments throughout the quarter. Sealed Air quoted CEO Ted Doheny as saying, “We proceed to execute properly regardless of the anticipated difficult first quarter, pushed by the recessionary atmosphere and continued destocking.”
Now what
For 2023, Sealed Air is guiding for $5.85 billion to $6.10 billion in internet gross sales; this is able to characterize development of not less than 4% over the 2022 determine. Nevertheless, that is skewed considerably by the acquisition — and coming inclusion in outcomes — of specialty packaging firm Liquibox, which closed this previous February. In the meantime, Sealed Air mentioned that it expects adjusted internet earnings of $3.50 to $3.80 per share.
Eric Volkman has no place in any of the shares talked about. The Motley Idiot has no place in any of the shares talked about. The Motley Idiot has a disclosure policy.
What occurred
Has the bubble popped on Sealed Air (SEE 1.75%) inventory?
Over the previous few days, buyers might be forgiven for considering so. The corporate, greatest often known as the purveyor of ubiquitous packaging materials Bubble Wrap, printed a contemporary earnings report that fell simply in need of analyst expectations. The market clearly wasn’t in a forgiving temper, because it collectively traded the inventory down by greater than 11% throughout this week, in keeping with knowledge compiled by S&P Global Market Intelligence.
So what
On Tuesday, earlier than market open, Sealed Air took the seal off its first-quarter outcomes. These confirmed that the packaging firm’s internet gross sales tallied $1.3 billion, representing a 5% year-over-year decline. That determine additionally represented a miss on the common analyst estimate of $1.36 billion.
As for profitability, it fell at a steeper fee. Below typically accepted accounting rules (GAAP) requirements, the road merchandise was $61.9 million, down considerably from the first-quarter 2022 results of $149.2 million. On a non-GAAP (adjusted), per-share foundation, Sealed Air netted $0.74 throughout the interval.
The year-ago determine was properly increased, at $1.12. The collective prognosticator estimate was $0.77.
Administration put a optimistic spin on developments throughout the quarter. Sealed Air quoted CEO Ted Doheny as saying, “We proceed to execute properly regardless of the anticipated difficult first quarter, pushed by the recessionary atmosphere and continued destocking.”
Now what
For 2023, Sealed Air is guiding for $5.85 billion to $6.10 billion in internet gross sales; this is able to characterize development of not less than 4% over the 2022 determine. Nevertheless, that is skewed considerably by the acquisition — and coming inclusion in outcomes — of specialty packaging firm Liquibox, which closed this previous February. In the meantime, Sealed Air mentioned that it expects adjusted internet earnings of $3.50 to $3.80 per share.
Eric Volkman has no place in any of the shares talked about. The Motley Idiot has no place in any of the shares talked about. The Motley Idiot has a disclosure policy.
What occurred
Has the bubble popped on Sealed Air (SEE 1.75%) inventory?
Over the previous few days, buyers might be forgiven for considering so. The corporate, greatest often known as the purveyor of ubiquitous packaging materials Bubble Wrap, printed a contemporary earnings report that fell simply in need of analyst expectations. The market clearly wasn’t in a forgiving temper, because it collectively traded the inventory down by greater than 11% throughout this week, in keeping with knowledge compiled by S&P Global Market Intelligence.
So what
On Tuesday, earlier than market open, Sealed Air took the seal off its first-quarter outcomes. These confirmed that the packaging firm’s internet gross sales tallied $1.3 billion, representing a 5% year-over-year decline. That determine additionally represented a miss on the common analyst estimate of $1.36 billion.
As for profitability, it fell at a steeper fee. Below typically accepted accounting rules (GAAP) requirements, the road merchandise was $61.9 million, down considerably from the first-quarter 2022 results of $149.2 million. On a non-GAAP (adjusted), per-share foundation, Sealed Air netted $0.74 throughout the interval.
The year-ago determine was properly increased, at $1.12. The collective prognosticator estimate was $0.77.
Administration put a optimistic spin on developments throughout the quarter. Sealed Air quoted CEO Ted Doheny as saying, “We proceed to execute properly regardless of the anticipated difficult first quarter, pushed by the recessionary atmosphere and continued destocking.”
Now what
For 2023, Sealed Air is guiding for $5.85 billion to $6.10 billion in internet gross sales; this is able to characterize development of not less than 4% over the 2022 determine. Nevertheless, that is skewed considerably by the acquisition — and coming inclusion in outcomes — of specialty packaging firm Liquibox, which closed this previous February. In the meantime, Sealed Air mentioned that it expects adjusted internet earnings of $3.50 to $3.80 per share.
Eric Volkman has no place in any of the shares talked about. The Motley Idiot has no place in any of the shares talked about. The Motley Idiot has a disclosure policy.
What occurred
Has the bubble popped on Sealed Air (SEE 1.75%) inventory?
Over the previous few days, buyers might be forgiven for considering so. The corporate, greatest often known as the purveyor of ubiquitous packaging materials Bubble Wrap, printed a contemporary earnings report that fell simply in need of analyst expectations. The market clearly wasn’t in a forgiving temper, because it collectively traded the inventory down by greater than 11% throughout this week, in keeping with knowledge compiled by S&P Global Market Intelligence.
So what
On Tuesday, earlier than market open, Sealed Air took the seal off its first-quarter outcomes. These confirmed that the packaging firm’s internet gross sales tallied $1.3 billion, representing a 5% year-over-year decline. That determine additionally represented a miss on the common analyst estimate of $1.36 billion.
As for profitability, it fell at a steeper fee. Below typically accepted accounting rules (GAAP) requirements, the road merchandise was $61.9 million, down considerably from the first-quarter 2022 results of $149.2 million. On a non-GAAP (adjusted), per-share foundation, Sealed Air netted $0.74 throughout the interval.
The year-ago determine was properly increased, at $1.12. The collective prognosticator estimate was $0.77.
Administration put a optimistic spin on developments throughout the quarter. Sealed Air quoted CEO Ted Doheny as saying, “We proceed to execute properly regardless of the anticipated difficult first quarter, pushed by the recessionary atmosphere and continued destocking.”
Now what
For 2023, Sealed Air is guiding for $5.85 billion to $6.10 billion in internet gross sales; this is able to characterize development of not less than 4% over the 2022 determine. Nevertheless, that is skewed considerably by the acquisition — and coming inclusion in outcomes — of specialty packaging firm Liquibox, which closed this previous February. In the meantime, Sealed Air mentioned that it expects adjusted internet earnings of $3.50 to $3.80 per share.
Eric Volkman has no place in any of the shares talked about. The Motley Idiot has no place in any of the shares talked about. The Motley Idiot has a disclosure policy.
What occurred
Has the bubble popped on Sealed Air (SEE 1.75%) inventory?
Over the previous few days, buyers might be forgiven for considering so. The corporate, greatest often known as the purveyor of ubiquitous packaging materials Bubble Wrap, printed a contemporary earnings report that fell simply in need of analyst expectations. The market clearly wasn’t in a forgiving temper, because it collectively traded the inventory down by greater than 11% throughout this week, in keeping with knowledge compiled by S&P Global Market Intelligence.
So what
On Tuesday, earlier than market open, Sealed Air took the seal off its first-quarter outcomes. These confirmed that the packaging firm’s internet gross sales tallied $1.3 billion, representing a 5% year-over-year decline. That determine additionally represented a miss on the common analyst estimate of $1.36 billion.
As for profitability, it fell at a steeper fee. Below typically accepted accounting rules (GAAP) requirements, the road merchandise was $61.9 million, down considerably from the first-quarter 2022 results of $149.2 million. On a non-GAAP (adjusted), per-share foundation, Sealed Air netted $0.74 throughout the interval.
The year-ago determine was properly increased, at $1.12. The collective prognosticator estimate was $0.77.
Administration put a optimistic spin on developments throughout the quarter. Sealed Air quoted CEO Ted Doheny as saying, “We proceed to execute properly regardless of the anticipated difficult first quarter, pushed by the recessionary atmosphere and continued destocking.”
Now what
For 2023, Sealed Air is guiding for $5.85 billion to $6.10 billion in internet gross sales; this is able to characterize development of not less than 4% over the 2022 determine. Nevertheless, that is skewed considerably by the acquisition — and coming inclusion in outcomes — of specialty packaging firm Liquibox, which closed this previous February. In the meantime, Sealed Air mentioned that it expects adjusted internet earnings of $3.50 to $3.80 per share.
Eric Volkman has no place in any of the shares talked about. The Motley Idiot has no place in any of the shares talked about. The Motley Idiot has a disclosure policy.
What occurred
Has the bubble popped on Sealed Air (SEE 1.75%) inventory?
Over the previous few days, buyers might be forgiven for considering so. The corporate, greatest often known as the purveyor of ubiquitous packaging materials Bubble Wrap, printed a contemporary earnings report that fell simply in need of analyst expectations. The market clearly wasn’t in a forgiving temper, because it collectively traded the inventory down by greater than 11% throughout this week, in keeping with knowledge compiled by S&P Global Market Intelligence.
So what
On Tuesday, earlier than market open, Sealed Air took the seal off its first-quarter outcomes. These confirmed that the packaging firm’s internet gross sales tallied $1.3 billion, representing a 5% year-over-year decline. That determine additionally represented a miss on the common analyst estimate of $1.36 billion.
As for profitability, it fell at a steeper fee. Below typically accepted accounting rules (GAAP) requirements, the road merchandise was $61.9 million, down considerably from the first-quarter 2022 results of $149.2 million. On a non-GAAP (adjusted), per-share foundation, Sealed Air netted $0.74 throughout the interval.
The year-ago determine was properly increased, at $1.12. The collective prognosticator estimate was $0.77.
Administration put a optimistic spin on developments throughout the quarter. Sealed Air quoted CEO Ted Doheny as saying, “We proceed to execute properly regardless of the anticipated difficult first quarter, pushed by the recessionary atmosphere and continued destocking.”
Now what
For 2023, Sealed Air is guiding for $5.85 billion to $6.10 billion in internet gross sales; this is able to characterize development of not less than 4% over the 2022 determine. Nevertheless, that is skewed considerably by the acquisition — and coming inclusion in outcomes — of specialty packaging firm Liquibox, which closed this previous February. In the meantime, Sealed Air mentioned that it expects adjusted internet earnings of $3.50 to $3.80 per share.
Eric Volkman has no place in any of the shares talked about. The Motley Idiot has no place in any of the shares talked about. The Motley Idiot has a disclosure policy.
What occurred
Has the bubble popped on Sealed Air (SEE 1.75%) inventory?
Over the previous few days, buyers might be forgiven for considering so. The corporate, greatest often known as the purveyor of ubiquitous packaging materials Bubble Wrap, printed a contemporary earnings report that fell simply in need of analyst expectations. The market clearly wasn’t in a forgiving temper, because it collectively traded the inventory down by greater than 11% throughout this week, in keeping with knowledge compiled by S&P Global Market Intelligence.
So what
On Tuesday, earlier than market open, Sealed Air took the seal off its first-quarter outcomes. These confirmed that the packaging firm’s internet gross sales tallied $1.3 billion, representing a 5% year-over-year decline. That determine additionally represented a miss on the common analyst estimate of $1.36 billion.
As for profitability, it fell at a steeper fee. Below typically accepted accounting rules (GAAP) requirements, the road merchandise was $61.9 million, down considerably from the first-quarter 2022 results of $149.2 million. On a non-GAAP (adjusted), per-share foundation, Sealed Air netted $0.74 throughout the interval.
The year-ago determine was properly increased, at $1.12. The collective prognosticator estimate was $0.77.
Administration put a optimistic spin on developments throughout the quarter. Sealed Air quoted CEO Ted Doheny as saying, “We proceed to execute properly regardless of the anticipated difficult first quarter, pushed by the recessionary atmosphere and continued destocking.”
Now what
For 2023, Sealed Air is guiding for $5.85 billion to $6.10 billion in internet gross sales; this is able to characterize development of not less than 4% over the 2022 determine. Nevertheless, that is skewed considerably by the acquisition — and coming inclusion in outcomes — of specialty packaging firm Liquibox, which closed this previous February. In the meantime, Sealed Air mentioned that it expects adjusted internet earnings of $3.50 to $3.80 per share.
Eric Volkman has no place in any of the shares talked about. The Motley Idiot has no place in any of the shares talked about. The Motley Idiot has a disclosure policy.
What occurred
Has the bubble popped on Sealed Air (SEE 1.75%) inventory?
Over the previous few days, buyers might be forgiven for considering so. The corporate, greatest often known as the purveyor of ubiquitous packaging materials Bubble Wrap, printed a contemporary earnings report that fell simply in need of analyst expectations. The market clearly wasn’t in a forgiving temper, because it collectively traded the inventory down by greater than 11% throughout this week, in keeping with knowledge compiled by S&P Global Market Intelligence.
So what
On Tuesday, earlier than market open, Sealed Air took the seal off its first-quarter outcomes. These confirmed that the packaging firm’s internet gross sales tallied $1.3 billion, representing a 5% year-over-year decline. That determine additionally represented a miss on the common analyst estimate of $1.36 billion.
As for profitability, it fell at a steeper fee. Below typically accepted accounting rules (GAAP) requirements, the road merchandise was $61.9 million, down considerably from the first-quarter 2022 results of $149.2 million. On a non-GAAP (adjusted), per-share foundation, Sealed Air netted $0.74 throughout the interval.
The year-ago determine was properly increased, at $1.12. The collective prognosticator estimate was $0.77.
Administration put a optimistic spin on developments throughout the quarter. Sealed Air quoted CEO Ted Doheny as saying, “We proceed to execute properly regardless of the anticipated difficult first quarter, pushed by the recessionary atmosphere and continued destocking.”
Now what
For 2023, Sealed Air is guiding for $5.85 billion to $6.10 billion in internet gross sales; this is able to characterize development of not less than 4% over the 2022 determine. Nevertheless, that is skewed considerably by the acquisition — and coming inclusion in outcomes — of specialty packaging firm Liquibox, which closed this previous February. In the meantime, Sealed Air mentioned that it expects adjusted internet earnings of $3.50 to $3.80 per share.
Eric Volkman has no place in any of the shares talked about. The Motley Idiot has no place in any of the shares talked about. The Motley Idiot has a disclosure policy.
What occurred
Has the bubble popped on Sealed Air (SEE 1.75%) inventory?
Over the previous few days, buyers might be forgiven for considering so. The corporate, greatest often known as the purveyor of ubiquitous packaging materials Bubble Wrap, printed a contemporary earnings report that fell simply in need of analyst expectations. The market clearly wasn’t in a forgiving temper, because it collectively traded the inventory down by greater than 11% throughout this week, in keeping with knowledge compiled by S&P Global Market Intelligence.
So what
On Tuesday, earlier than market open, Sealed Air took the seal off its first-quarter outcomes. These confirmed that the packaging firm’s internet gross sales tallied $1.3 billion, representing a 5% year-over-year decline. That determine additionally represented a miss on the common analyst estimate of $1.36 billion.
As for profitability, it fell at a steeper fee. Below typically accepted accounting rules (GAAP) requirements, the road merchandise was $61.9 million, down considerably from the first-quarter 2022 results of $149.2 million. On a non-GAAP (adjusted), per-share foundation, Sealed Air netted $0.74 throughout the interval.
The year-ago determine was properly increased, at $1.12. The collective prognosticator estimate was $0.77.
Administration put a optimistic spin on developments throughout the quarter. Sealed Air quoted CEO Ted Doheny as saying, “We proceed to execute properly regardless of the anticipated difficult first quarter, pushed by the recessionary atmosphere and continued destocking.”
Now what
For 2023, Sealed Air is guiding for $5.85 billion to $6.10 billion in internet gross sales; this is able to characterize development of not less than 4% over the 2022 determine. Nevertheless, that is skewed considerably by the acquisition — and coming inclusion in outcomes — of specialty packaging firm Liquibox, which closed this previous February. In the meantime, Sealed Air mentioned that it expects adjusted internet earnings of $3.50 to $3.80 per share.
Eric Volkman has no place in any of the shares talked about. The Motley Idiot has no place in any of the shares talked about. The Motley Idiot has a disclosure policy.
What occurred
Has the bubble popped on Sealed Air (SEE 1.75%) inventory?
Over the previous few days, buyers might be forgiven for considering so. The corporate, greatest often known as the purveyor of ubiquitous packaging materials Bubble Wrap, printed a contemporary earnings report that fell simply in need of analyst expectations. The market clearly wasn’t in a forgiving temper, because it collectively traded the inventory down by greater than 11% throughout this week, in keeping with knowledge compiled by S&P Global Market Intelligence.
So what
On Tuesday, earlier than market open, Sealed Air took the seal off its first-quarter outcomes. These confirmed that the packaging firm’s internet gross sales tallied $1.3 billion, representing a 5% year-over-year decline. That determine additionally represented a miss on the common analyst estimate of $1.36 billion.
As for profitability, it fell at a steeper fee. Below typically accepted accounting rules (GAAP) requirements, the road merchandise was $61.9 million, down considerably from the first-quarter 2022 results of $149.2 million. On a non-GAAP (adjusted), per-share foundation, Sealed Air netted $0.74 throughout the interval.
The year-ago determine was properly increased, at $1.12. The collective prognosticator estimate was $0.77.
Administration put a optimistic spin on developments throughout the quarter. Sealed Air quoted CEO Ted Doheny as saying, “We proceed to execute properly regardless of the anticipated difficult first quarter, pushed by the recessionary atmosphere and continued destocking.”
Now what
For 2023, Sealed Air is guiding for $5.85 billion to $6.10 billion in internet gross sales; this is able to characterize development of not less than 4% over the 2022 determine. Nevertheless, that is skewed considerably by the acquisition — and coming inclusion in outcomes — of specialty packaging firm Liquibox, which closed this previous February. In the meantime, Sealed Air mentioned that it expects adjusted internet earnings of $3.50 to $3.80 per share.
Eric Volkman has no place in any of the shares talked about. The Motley Idiot has no place in any of the shares talked about. The Motley Idiot has a disclosure policy.
What occurred
Has the bubble popped on Sealed Air (SEE 1.75%) inventory?
Over the previous few days, buyers might be forgiven for considering so. The corporate, greatest often known as the purveyor of ubiquitous packaging materials Bubble Wrap, printed a contemporary earnings report that fell simply in need of analyst expectations. The market clearly wasn’t in a forgiving temper, because it collectively traded the inventory down by greater than 11% throughout this week, in keeping with knowledge compiled by S&P Global Market Intelligence.
So what
On Tuesday, earlier than market open, Sealed Air took the seal off its first-quarter outcomes. These confirmed that the packaging firm’s internet gross sales tallied $1.3 billion, representing a 5% year-over-year decline. That determine additionally represented a miss on the common analyst estimate of $1.36 billion.
As for profitability, it fell at a steeper fee. Below typically accepted accounting rules (GAAP) requirements, the road merchandise was $61.9 million, down considerably from the first-quarter 2022 results of $149.2 million. On a non-GAAP (adjusted), per-share foundation, Sealed Air netted $0.74 throughout the interval.
The year-ago determine was properly increased, at $1.12. The collective prognosticator estimate was $0.77.
Administration put a optimistic spin on developments throughout the quarter. Sealed Air quoted CEO Ted Doheny as saying, “We proceed to execute properly regardless of the anticipated difficult first quarter, pushed by the recessionary atmosphere and continued destocking.”
Now what
For 2023, Sealed Air is guiding for $5.85 billion to $6.10 billion in internet gross sales; this is able to characterize development of not less than 4% over the 2022 determine. Nevertheless, that is skewed considerably by the acquisition — and coming inclusion in outcomes — of specialty packaging firm Liquibox, which closed this previous February. In the meantime, Sealed Air mentioned that it expects adjusted internet earnings of $3.50 to $3.80 per share.
Eric Volkman has no place in any of the shares talked about. The Motley Idiot has no place in any of the shares talked about. The Motley Idiot has a disclosure policy.
What occurred
Has the bubble popped on Sealed Air (SEE 1.75%) inventory?
Over the previous few days, buyers might be forgiven for considering so. The corporate, greatest often known as the purveyor of ubiquitous packaging materials Bubble Wrap, printed a contemporary earnings report that fell simply in need of analyst expectations. The market clearly wasn’t in a forgiving temper, because it collectively traded the inventory down by greater than 11% throughout this week, in keeping with knowledge compiled by S&P Global Market Intelligence.
So what
On Tuesday, earlier than market open, Sealed Air took the seal off its first-quarter outcomes. These confirmed that the packaging firm’s internet gross sales tallied $1.3 billion, representing a 5% year-over-year decline. That determine additionally represented a miss on the common analyst estimate of $1.36 billion.
As for profitability, it fell at a steeper fee. Below typically accepted accounting rules (GAAP) requirements, the road merchandise was $61.9 million, down considerably from the first-quarter 2022 results of $149.2 million. On a non-GAAP (adjusted), per-share foundation, Sealed Air netted $0.74 throughout the interval.
The year-ago determine was properly increased, at $1.12. The collective prognosticator estimate was $0.77.
Administration put a optimistic spin on developments throughout the quarter. Sealed Air quoted CEO Ted Doheny as saying, “We proceed to execute properly regardless of the anticipated difficult first quarter, pushed by the recessionary atmosphere and continued destocking.”
Now what
For 2023, Sealed Air is guiding for $5.85 billion to $6.10 billion in internet gross sales; this is able to characterize development of not less than 4% over the 2022 determine. Nevertheless, that is skewed considerably by the acquisition — and coming inclusion in outcomes — of specialty packaging firm Liquibox, which closed this previous February. In the meantime, Sealed Air mentioned that it expects adjusted internet earnings of $3.50 to $3.80 per share.
Eric Volkman has no place in any of the shares talked about. The Motley Idiot has no place in any of the shares talked about. The Motley Idiot has a disclosure policy.
What occurred
Has the bubble popped on Sealed Air (SEE 1.75%) inventory?
Over the previous few days, buyers might be forgiven for considering so. The corporate, greatest often known as the purveyor of ubiquitous packaging materials Bubble Wrap, printed a contemporary earnings report that fell simply in need of analyst expectations. The market clearly wasn’t in a forgiving temper, because it collectively traded the inventory down by greater than 11% throughout this week, in keeping with knowledge compiled by S&P Global Market Intelligence.
So what
On Tuesday, earlier than market open, Sealed Air took the seal off its first-quarter outcomes. These confirmed that the packaging firm’s internet gross sales tallied $1.3 billion, representing a 5% year-over-year decline. That determine additionally represented a miss on the common analyst estimate of $1.36 billion.
As for profitability, it fell at a steeper fee. Below typically accepted accounting rules (GAAP) requirements, the road merchandise was $61.9 million, down considerably from the first-quarter 2022 results of $149.2 million. On a non-GAAP (adjusted), per-share foundation, Sealed Air netted $0.74 throughout the interval.
The year-ago determine was properly increased, at $1.12. The collective prognosticator estimate was $0.77.
Administration put a optimistic spin on developments throughout the quarter. Sealed Air quoted CEO Ted Doheny as saying, “We proceed to execute properly regardless of the anticipated difficult first quarter, pushed by the recessionary atmosphere and continued destocking.”
Now what
For 2023, Sealed Air is guiding for $5.85 billion to $6.10 billion in internet gross sales; this is able to characterize development of not less than 4% over the 2022 determine. Nevertheless, that is skewed considerably by the acquisition — and coming inclusion in outcomes — of specialty packaging firm Liquibox, which closed this previous February. In the meantime, Sealed Air mentioned that it expects adjusted internet earnings of $3.50 to $3.80 per share.
Eric Volkman has no place in any of the shares talked about. The Motley Idiot has no place in any of the shares talked about. The Motley Idiot has a disclosure policy.
What occurred
Has the bubble popped on Sealed Air (SEE 1.75%) inventory?
Over the previous few days, buyers might be forgiven for considering so. The corporate, greatest often known as the purveyor of ubiquitous packaging materials Bubble Wrap, printed a contemporary earnings report that fell simply in need of analyst expectations. The market clearly wasn’t in a forgiving temper, because it collectively traded the inventory down by greater than 11% throughout this week, in keeping with knowledge compiled by S&P Global Market Intelligence.
So what
On Tuesday, earlier than market open, Sealed Air took the seal off its first-quarter outcomes. These confirmed that the packaging firm’s internet gross sales tallied $1.3 billion, representing a 5% year-over-year decline. That determine additionally represented a miss on the common analyst estimate of $1.36 billion.
As for profitability, it fell at a steeper fee. Below typically accepted accounting rules (GAAP) requirements, the road merchandise was $61.9 million, down considerably from the first-quarter 2022 results of $149.2 million. On a non-GAAP (adjusted), per-share foundation, Sealed Air netted $0.74 throughout the interval.
The year-ago determine was properly increased, at $1.12. The collective prognosticator estimate was $0.77.
Administration put a optimistic spin on developments throughout the quarter. Sealed Air quoted CEO Ted Doheny as saying, “We proceed to execute properly regardless of the anticipated difficult first quarter, pushed by the recessionary atmosphere and continued destocking.”
Now what
For 2023, Sealed Air is guiding for $5.85 billion to $6.10 billion in internet gross sales; this is able to characterize development of not less than 4% over the 2022 determine. Nevertheless, that is skewed considerably by the acquisition — and coming inclusion in outcomes — of specialty packaging firm Liquibox, which closed this previous February. In the meantime, Sealed Air mentioned that it expects adjusted internet earnings of $3.50 to $3.80 per share.
Eric Volkman has no place in any of the shares talked about. The Motley Idiot has no place in any of the shares talked about. The Motley Idiot has a disclosure policy.
What occurred
Has the bubble popped on Sealed Air (SEE 1.75%) inventory?
Over the previous few days, buyers might be forgiven for considering so. The corporate, greatest often known as the purveyor of ubiquitous packaging materials Bubble Wrap, printed a contemporary earnings report that fell simply in need of analyst expectations. The market clearly wasn’t in a forgiving temper, because it collectively traded the inventory down by greater than 11% throughout this week, in keeping with knowledge compiled by S&P Global Market Intelligence.
So what
On Tuesday, earlier than market open, Sealed Air took the seal off its first-quarter outcomes. These confirmed that the packaging firm’s internet gross sales tallied $1.3 billion, representing a 5% year-over-year decline. That determine additionally represented a miss on the common analyst estimate of $1.36 billion.
As for profitability, it fell at a steeper fee. Below typically accepted accounting rules (GAAP) requirements, the road merchandise was $61.9 million, down considerably from the first-quarter 2022 results of $149.2 million. On a non-GAAP (adjusted), per-share foundation, Sealed Air netted $0.74 throughout the interval.
The year-ago determine was properly increased, at $1.12. The collective prognosticator estimate was $0.77.
Administration put a optimistic spin on developments throughout the quarter. Sealed Air quoted CEO Ted Doheny as saying, “We proceed to execute properly regardless of the anticipated difficult first quarter, pushed by the recessionary atmosphere and continued destocking.”
Now what
For 2023, Sealed Air is guiding for $5.85 billion to $6.10 billion in internet gross sales; this is able to characterize development of not less than 4% over the 2022 determine. Nevertheless, that is skewed considerably by the acquisition — and coming inclusion in outcomes — of specialty packaging firm Liquibox, which closed this previous February. In the meantime, Sealed Air mentioned that it expects adjusted internet earnings of $3.50 to $3.80 per share.
Eric Volkman has no place in any of the shares talked about. The Motley Idiot has no place in any of the shares talked about. The Motley Idiot has a disclosure policy.
What occurred
Has the bubble popped on Sealed Air (SEE 1.75%) inventory?
Over the previous few days, buyers might be forgiven for considering so. The corporate, greatest often known as the purveyor of ubiquitous packaging materials Bubble Wrap, printed a contemporary earnings report that fell simply in need of analyst expectations. The market clearly wasn’t in a forgiving temper, because it collectively traded the inventory down by greater than 11% throughout this week, in keeping with knowledge compiled by S&P Global Market Intelligence.
So what
On Tuesday, earlier than market open, Sealed Air took the seal off its first-quarter outcomes. These confirmed that the packaging firm’s internet gross sales tallied $1.3 billion, representing a 5% year-over-year decline. That determine additionally represented a miss on the common analyst estimate of $1.36 billion.
As for profitability, it fell at a steeper fee. Below typically accepted accounting rules (GAAP) requirements, the road merchandise was $61.9 million, down considerably from the first-quarter 2022 results of $149.2 million. On a non-GAAP (adjusted), per-share foundation, Sealed Air netted $0.74 throughout the interval.
The year-ago determine was properly increased, at $1.12. The collective prognosticator estimate was $0.77.
Administration put a optimistic spin on developments throughout the quarter. Sealed Air quoted CEO Ted Doheny as saying, “We proceed to execute properly regardless of the anticipated difficult first quarter, pushed by the recessionary atmosphere and continued destocking.”
Now what
For 2023, Sealed Air is guiding for $5.85 billion to $6.10 billion in internet gross sales; this is able to characterize development of not less than 4% over the 2022 determine. Nevertheless, that is skewed considerably by the acquisition — and coming inclusion in outcomes — of specialty packaging firm Liquibox, which closed this previous February. In the meantime, Sealed Air mentioned that it expects adjusted internet earnings of $3.50 to $3.80 per share.
Eric Volkman has no place in any of the shares talked about. The Motley Idiot has no place in any of the shares talked about. The Motley Idiot has a disclosure policy.
