Sealed Air's Earnings Surpass Estimates in Q3, Increase Y/Y

Sealed Air Corporation (SEE) reported third-quarter 2024 adjusted earnings per share (EPS) of 79 cents, which surpassed the Zacks Consensus Estimate of 66 cents by a margin of 19.7%. The bottom line increased 2.6% year over year.SEE’s results benefited from its cost take-out to grow program (CTO2Grow Program) and cost-control initiatives. Improvement in the Food segment’s results were offset by the continued weakness in the Protective segment.Including special items, the company delivered EPS from continuin ...