Published on 27 Feb 2024 on Zacks via Yahoo Finance
Sealed Air (SEE) Q4 Earnings & Revenues Surpass Estimates
Sealed Air Corporation SEE has reported fourth-quarter 2023 adjusted earnings per share of 88 cents, which surpassed the Zacks Consensus Estimate of 62 cents. The bottom line fell 11% year over year due to lower volumes and higher interest expenses, partially offset by lower income tax expenses.
Including special items, the company delivered net earnings per share of 88 cents compared with the year-ago quarter’s 99 cents.
Total revenues were $1.38 billion in the reported quarter, which beat the Zacks Consensus Estimate of $1.37 billion. The figure was down 2% from $1.4 billion in the fourth quarter of 2022.