Sealed Air reports Q1 EPS 74c, consensus 77c

Reports Q1 revenue $1.3B, consensus $1.36B. "We continue to execute well despite the anticipated challenging first quarter driven by the recessionary environment and continued destocking. I want to thank our global team for their tireless efforts serving our customers and driving our performance during these difficult times. We remain confident in driving growth in the second half of 2023 with the addition of Liquibox, reduced destocking and expected market recovery. SEE continues to create value for our customers and shareholders as a world-class market-led company powered by automation, digital and sustainable packaging solutions," said Ted Doheny, SEE’s President and CEO.