Sealed Air announces Q4 earnings, positive 2015 outlook

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Sealed Air Corporation, which is moving its corporate headquarters from Elmwood Park to North Carolina, announced Wednesday a positive outlook for 2015, as its fourth-quarter income rose.Sealed Air Corporation, which is moving its corporate headquarters from Elmwood Park to North Carolina, announced Wednesday a positive outlook for 2015, as its fourth-quarter income rose.

The maker of Bubble Wrap and other packaging said in a news release that its Q4 net earnings rose to $66.3 million, or 31 cents per share, up from $29 million, or 14 cents per share, compared to last year’s quarter.

RELATED: Sealed Air got away without taking a meeting with the EDA

Revenue also rose across all regions compared to last year, including its Latin America (8.4 percent), Asia, Middle East, Africa and Turkey (combined 6.8 percent) divisions.

The company’s revenue edged down to 1.9 percent to $1.97 billion for the period, falling just short of the $1.98 billion analysts polled by Thomson Reuters predicted.

In 2015, Sealed Air said it expects revenue of $7.4 billion, reflecting a 7 percent negative impact from foreign currency. Net sales are expected to grow 2.5 percent.

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