Sealed Air (SEE) Q2 Earnings Surpass Estimates, Increase Y/Y

Sealed Air Corporation (SEE) reported second-quarter 2024 adjusted earnings per share (EPS) of 83 cents, which surpassed the Zacks Consensus Estimate of 64 cents by a margin of 29.7%. The bottom line increased 4% year over year. Results benefited from the company's cost take-out to grow program (CTO2Grow Program) and cost-control initiatives. Improvements in the Food segment's results helped offset the continued weakness in the Protective segment. This was partially offset by unfavorable price realization. ...