Sealed Air Full Year 2023 Earnings: EPS Beats Expectations
Sealed Air (NYSE:SEE) Full Year 2023 Results
Key Financial Results
Revenue: US$5.49b (down 2.7% from FY 2022).
Net income: US$339.3m (down 31% from FY 2022).
Profit margin: 6.2% (down from 8.7% in FY 2022).
EPS: US$2.35 (down from US$3.37 in FY 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Sealed Air EPS Beats Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 11%.
Looking ahead, revenue is forecast to grow 2.5% p.a. on average during the next 3 years, compared to a 2.6% growth forecast for the Packaging industry in the US.
Performance of the American Packaging industry.
The company's shares are down 2.7% from a week ago.
Risk Analysis
We don't want to rain on the parade too much, but we did also find 1 warning sign for Sealed Air that you need to be mindful of.
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