Sealed Air reports Q2 adjusted EPS 35c, consensus 36c
Reports Q2 revenue $1.07B, consensus $1.06B. Net sales on a constant dollar basis increased 3.7% on volume growth of 3.9%. North America sales were up 8.9%, which was partially offset by a 1.4% decline in both Asia Pacific and EMEA and a 4.3% decline in Latin America. The company said, "As we had predicted last year, we are delivering on our accelerated growth strategy, led by strength in North America. In the first half 2017, volumes in North America increased 6% and 9% in the first and second quarters, respectively, as a result of continued adoption of our innovative solutions and strong end market demand across all proteins and within the e-Commerce and fulfillment sectors. We expect top-line growth to continue into the second half of the year and sequential profitability improvements through operational disciplines and increased sales of value-added solutions."