SEE Q2 2023 Earnings — Sealed Air Corporation Revenue & Financial Results | Market Cap Arena

SEESealed Air Corporation

$6B

Q2 2023 Earnings

Consumer Cyclical Packaging & Containers

Income Statement

Revenue

$1.4B-2.6% YoY

Gross Profit

$418M30.3% margin

Operating Income

$216M15.7% margin

Net Income

$99M7.2% margin

EPS (Diluted)

$0.68

QoQ Revenue Growth

+2.4%

Cash Flow

Operating Cash Flow

-$59M

Free Cash Flow

-$117M

Stock-Based Comp.

$2M

Balance Sheet

Total Assets

$7.5B

Total Liabilities

$7.1B

Stockholders' Equity

$412M

Cash & Equivalents

$285M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$1.4B	$1.4B	-2.6%
Gross Profit	$418M	$438M	-4.6%
Operating Income	$216M	$227M	-4.6%
Net Income	$99M	$114M	-13.0%

Revenue Segments

Food Care

$881M64%

Protective

$500M36%

Geographic Segments

Americas

$896M66%

EMEA

$289M21%

Asia Pacific

$181M13%