Sealed Air Corporation (SEE)

Sealed Air Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	5,397	5,489	5,642	5,534	4,903	4,791
Revenue Growth (YoY)	-2.17%	-2.71%	1.95%	12.86%	2.34%	1.23%
Cost of Revenue	3,774	3,848	3,869	3,853	3,294	3,226
Gross Profit	1,623	1,641	1,773	1,681	1,609	1,565
Selling, General & Admin	747.6	755.8	774.4	768	772.5	850
Operating Expenses	811.3	818.5	810.5	806.8	810	878.9
Operating Income	811.9	822.8	962.4	874.1	799.3	685.9
Interest Expense	-290.1	-277.5	-169.5	-174.7	-184.6	-196
Interest & Investment Income	34.8	14.5	7.2	6.9	10.2	11.9
Currency Exchange Gain (Loss)	-3.3	-15.3	-7.2	-0.7	1.7	-7.7
Other Non Operating Income (Expenses)	3.1	-1.6	-0.2	-2	-0.5	-1.5
EBT Excluding Unusual Items	556.4	542.9	792.7	703.6	626.1	492.6
Merger & Restructuring Charges	-31.1	-27.6	-19.1	-14.5	-11.3	-45.2
Gain (Loss) on Sale of Investments	-	-	-30.6	-1.4	15.1	-
Gain (Loss) on Sale of Assets	0.1	-49.3	6.3	45.7	1	-2.2
Legal Settlements	-	-	-	5	-	-54.2
Other Unusual Items	-35.5	-36.3	-20	-22.2	-4.7	-20.7
Pretax Income	489.9	429.7	729.3	716.2	626.2	370.3
Income Tax Expense	95.1	90.4	238	225	142.1	76.6
Earnings From Continuing Operations	394.8	339.3	491.3	491.2	484.1	293.7
Earnings From Discontinued Operations	1.2	2.3	0.3	15.6	18.8	-30.7
Net Income	396	341.6	491.6	506.8	502.9	263
Preferred Dividends & Other Adjustments	-	-	-	-	0.2	0.5
Net Income to Common	396	341.6	491.6	506.8	502.7	262.5
Net Income Growth	26.96%	-30.51%	-3.00%	0.78%	91.22%	36.20%
Shares Outstanding (Basic)	145	144	146	151	155	154
Shares Outstanding (Diluted)	146	145	147	152	156	155
Shares Change (YoY)	0.34%	-1.70%	-3.28%	-2.31%	0.52%	-3.12%
EPS (Basic)	2.73	2.37	3.37	3.36	3.24	1.70
EPS (Diluted)	2.72	2.36	3.33	3.32	3.22	1.69
EPS Growth	26.45%	-29.30%	0.29%	3.16%	90.32%	40.34%
Free Cash Flow	587.2	272	376	496.6	555.9	321.4
Free Cash Flow Per Share	4.03	1.88	2.55	3.26	3.56	2.07
Dividend Per Share	0.800	0.800	0.800	0.760	0.640	0.640
Dividend Growth	0%	0%	5.26%	18.75%	0%	0%
Gross Margin	30.07%	29.90%	31.42%	30.38%	32.82%	32.66%
Operating Margin	15.04%	14.99%	17.06%	15.80%	16.30%	14.32%
Profit Margin	7.34%	6.22%	8.71%	9.16%	10.25%	5.48%
Free Cash Flow Margin	10.88%	4.96%	6.66%	8.97%	11.34%	6.71%
EBITDA	1,053	1,056	1,147	1,061	973.5	836.7
EBITDA Margin	19.51%	19.24%	20.33%	19.16%	19.85%	17.46%
D&A For EBITDA	241.2	233.4	184.6	186.4	174.2	150.8
EBIT	811.9	822.8	962.4	874.1	799.3	685.9
EBIT Margin	15.04%	14.99%	17.06%	15.80%	16.30%	14.32%
Effective Tax Rate	19.41%	21.04%	32.63%	31.42%	22.69%	20.69%

Source: S&P Capital IQ. Standard template. Financial Sources.