Sealed Air Sales Get Small Lift From FX -- Currency Comment
November 02 2021 - 11:15AM
Dow Jones News
Sealed Air Corp. on Tuesday said currency exchange-rate moves
boosted sales in the third quarter and are likely to give a bump to
full-year sales.
The Charlotte, N.C., packaging company said sales rose 14% in
the third quarter to $1.4 billion, with a favorable currency impact
chipping in $12 million, or about 1%, to net sales growth.
Sealed Air said currency fluctuations had a favorable impact of
$3 million, or 1%, on third-quarter adjusted earnings before
interest, taxes, depreciation and amortization.
For the full year, Sealed Air said it expects net sales of about
$5.5 billion, up about 12% as reported or roughly 11% in constant
currency.
Write to Colin Kellaher at colin.kellaher@wsj.com
(END) Dow Jones Newswires
November 02, 2021 11:00 ET (15:00 GMT)
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