2013-01-15 00:38:21 -
Finjitsu Research - Associated Analysts
CHICAGO, IL - Jan. 14, 2013
Current Perspective on Sealed Air Corp (SEE)
Our Recent Meeting with New CEO Jerome Peribere was a Positive - Deleveraging
Still a Priority - Initial Focus on Cost Cutting at Diversey - Lowering Our EPS
to Reflect the Divestiture of Diversey Japan. Adjusting Diversey's cost
structure to the market demand for its products and services (50% of revenues in
Europe) is the number one focus moving forward.
Previous Perspective on Sealed Air Corp (SEE)
Q3 Results Were in Line - Guidance Adjusted to $0.90-$1.00 to Reflect the
Divestiture of Diversey Japan - Deleveraging Accelerating - Maintaining our EPS
Estimates on the Old Basis. Q3 EPS of $0.31 compared with $0.48 last year
(consensus $0.31). Management adjusted 2012 EPS in order to account for the
previously anticipated
$0.10 contribution from Diversey Japan, which is being
sold to the Carlyle Group for $377M.
For more information on this brief please visit: Sealed Air Corp (SEE) | Meeting
with New CEO, a "No Nonsense" Story.
For more general financial information about Sealed Air Corp (SEE), and other
companies, please visit the Finjitsu Research Portal.
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