AMC News: Sealed Air (SEE) Q1 Earnings Top Estimates, Increase Y/Y - 3rd May 2024, 2:58am

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Sealed Air Corporation SEE reported first-quarter 2024 adjusted earnings per share (EPS) of 78 cents, which surpassed the Zacks Consensus Estimate of 53 cents. The bottom line increased 5% year over year, which marked its return to growth after five straight quarters.

Results benefited from the company’s cost take-out to grow program ("CTO2Grow Program") and cost-control initiatives. This was partially offset by unfavorable price realization and higher interest expense. SEE also witnessed ...

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