The 2020 Mid-Year Economic Update_long

Sealed Air’s Sales Rise in Q3

Preliminary results show 5 percent sales increase, driven by favorable pricing, acquisitions.

Sealed Air Corp. (NYSE: SEE), Elmwood Park, NJ, reported preliminary third-quarter results, with sales expected to be approximately $1.2 billion, up 5 percent compared with the year-ago period. Earnings are expected to be between $73 million and $78 million for the quarter, the company said.

Excluding $39 million in unfavorable currency, net sales are expected to rise 8 percent, the company also said. Sealed Air said it attributes the growth to favorable pricing, a slight increase in volumes and $44 million in acquisitions.

 

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