United States

Sealed Air reports Q2 earnings per share $0.14 from continuing operations

Tuesday, 8 Aug 2017 07:00am EDT 

Aug 8 (Reuters) - Sealed Air Corp :Sealed Air reports second quarter 2017 results.Q2 adjusted earnings per share $0.35 from continuing operations.Q2 earnings per share $0.14 from continuing operations.Sees FY 2017 sales about $4.3 billion.Q2 sales $1.1 billion versus I/B/E/S view $1.06 billion.Sees fy 2017 adjusted earnings per share $1.75 to $1.80 from continuing operations.Q2 earnings per share view $0.36 -- Thomson Reuters I/B/E/S.‍raised outlook for adjusted ebitda, adjusted eps and free cash flow​.Sealed air corp - expect top-line growth to continue into second half of year.Sealed air corp - currency had a negative impact on total qtrly net sales of 0.7%, or $7 million.Sealed air corp - net sales in north america increased 9%. Asia pacific declined 2% while latin america and emea declined 4% each in quarter.Sealed air corp - currency is not expected to have a material impact on net sales, adjusted ebitda or adjusted eps for full year 2017.Sealed air corp - company now anticipates 2017 free cash flow to be approximately $400 million.Fy2017 revenue view $4.34 billion -- Thomson Reuters I/B/E/S.Sealed air corp sees fy capital expenditures of approximately $175 million and cash restructuring payments of approximately $50 million.