SEE Q1 2023 Earnings — Sealed Air Corporation Revenue & Financial Results | Market Cap Arena

SEESealed Air Corporation

$6B

Q1 2023 Earnings

Consumer Cyclical Packaging & Containers

Income Statement

Revenue

$1.3B-4.9% YoY

Gross Profit

$405M30.0% margin

Operating Income

$170M12.6% margin

Net Income

$62M4.6% margin

EPS (Diluted)

$0.43

QoQ Revenue Growth

-4.1%

Cash Flow

Operating Cash Flow

$52M

Free Cash Flow

-$13M

Stock-Based Comp.

$18M

Balance Sheet

Total Assets

$7.4B

Total Liabilities

$7.0B

Stockholders' Equity

$347M

Cash & Equivalents

$303M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$1.3B	$1.4B	-4.9%
Gross Profit	$405M	$477M	-15.1%
Operating Income	$170M	$262M	-35.3%
Net Income	$62M	$149M	-58.5%

Revenue Segments

Food Care

$853M63%

Protective

$496M37%

Geographic Segments

Americas

$872M65%

EMEA

$289M22%

Asia Pacific

$181M13%