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SEE Sealed Air SEE Reports Q1 2021 Results Sales Growth Accelerated Raising Full Year Outlook Net sales of $ 1.3 billion , up 8 % as reported ; up 6 % constant currency Net earnings of $ 106 million , down 8 % ; EPS of $ 0.68 , down 8 % Adjusted EBITDA of $ 268 million , up 6 % ; Adjusted EPS of $ 0.78 , up 7 % Cash flow from operations of $ 80 million , up 95 % CHARLOTTE , N.C. , May 4 , 2021 - Sealed Air Corporation ( NYSE : SEE ) today announced financial results for the first quarter 2021 . " Our Q1 results reflect strong performance and our focus on automation , digital and sustainability . Net sales increased 8 % with strength in eCommerce , food retail and equipment , combined with increasing momentum in industrials . Adjusted EBITDA increased 6 % as higher volumes and productivity improvements more than offset global supply chain disruptions related to Winter Storm Uri , ” said Ted Doheny , Sealed Air's President and CEO . " As market opportunities move to a ' touchless environment , ' customers are looking to Sealed Air's leadership in automation , service , and high - performance packaging materials . Strong operational execution as well as growth opportunities give us confidence to raise our full year outlook , " continued Doheny . Unless otherwise stated , all results compare first quarter 2021 to first quarter 2020 results from continuing operations . Year - over - year financial discussions present operating results from continuing operations as reported . Year - over - year comparisons are also made on a constant dollar basis , which is a non - U.S . GAAP measure . Constant dollar refers to changes in net sales and earnings , including changes in unit volume and price performance , but excluding the impact of currency translation . Additionally , non - U.S . GAAP adjusted financial measures , such as Adjusted Earnings Before Interest Expense , Taxes , Depreciation and Amortization ( " Adjusted EBITDA " ) , Adjusted Net Earnings , Adjusted Diluted Earnings Per Share ( " Adjusted EPS " ) and Adjusted Tax Rate , exclude the impact of specified items ( " Special Items " ) , such as restructuring charges , restructuring associated costs , gains and losses related to acquisition and divestiture of businesses , special tax items ( " Tax Special Items " ) and certain infrequent or one - time items . Please refer to the supplemental information included with this press release for a reconciliation of U.S. GAAP to Non - U.S . GAAP financial measures . Sealed Air 2415 Cascade Pointe Blvd. | Charlotte , NC 28208 1