Sealed Air reports Q2 adjusted EPS 89c, consensus 72c

Reports Q2 revenue $1.34B, consensus $1.31B. “While our Protective turnaround will be non-linear, this quarter is a mark of progress as we delivered our best volume performance since the fourth quarter of 2021 and our industrial portfolio inflected to volume growth,” said Dustin Semach, CEO. “Market pressures are accelerating, primarily in North America, as the impact of global trade policies weigh on economic growth and consumer spending patterns are beginning to shift. More importantly, we are relentlessly focused on controlling the controllables by putting our customers first, winning new business, and executing on our transformation”. “Our Q2 results exceeded our expectations across all metrics, despite the increasing market headwinds. We are accelerating our productivity initiatives to improve operating leverage in the business and offset any further volume weakness in the second half,” said Roni Johnson, Interim CFO. “We are being prudent and maintaining our full year guidance range, as we will have more visibility throughout the third quarter on the impact of shifting global trade policies and consumer buying patterns.”