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Sealed Air Corp Reaffirms FY 2013 Revenue Outlook; Sees FY 2013 Earnings Outlook At High End Of Prior Range; Issues FY 2016 Outlook; Revenue And EPS Outlook Below Analysts' Estimates-Conference Call


Friday, 20 Sep 2013 07:00am EDT 

Sealed Air Corp announced that fiscal 2013, it is maintaining net sales guidance to be in the range of $7.7 billion to $7.9 billion. Adjusted EBITDA is tracking towards the high end of the $1.01 billion to $1.03 billion guidance previously provided. The Company is also tracking towards the high end of previously forecasted range for adjusted earnings per share, $1.10 to $1.20. For fiscal 2016, it expects net sales to be $8.25 billion to $8.50 billion, adjusted EBITDA is estimated at $1.2 billion to $1.3 billion and adjusted earnings per share are estimated at $1.70 to $2.05. According to I/B/E/S Estimates, analysts on an average are expecting the Company to report revenue of $7.8 billion, EBITDA of $1.04 billion and EPS of $1.21 for fiscal 2013; revenue of $8.53 billion, EBITDA of $1.2 billion and EPS of $2.50 for fiscal 2016 

Company Quote

32.72
-0.23 -0.70%
23 Jul 2014