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SEE SEE Reports Q2 2021 Results Investing in Automation , Digital and Sustainability Net sales of $ 1.3 billion , up 15 % as reported ; up 11 % constant currency Increasing full year sales outlook to $ 5.4 to $ 5.5 billion SEE Net earnings of $ 109 million , up 8 % ; EPS of $ 0.71 , up 11 % Adjusted EBITDA of $ 263 million , up 1 % ; Adjusted EPS of $ 0.79 , up 4 % Increasing full year EPS outlook to $ 3.45 to $ 3.60 Cash flow from Operations year to date of $ 200 million , down 6 % Authorized new $ 1 billion Share Repurchase Program CHARLOTTE , N.C. , August 3 , 2021 - SEE ( NYSE : SEE ) today announced financial results for the second quarter 2021 . " Demand for our automated and sustainable packaging solutions drove a net sales increase of 15 % , supported by a 9 % volume growth . Adjusted EBITDA increased 1 % as higher sales and productivity improvements were offset by widespread supply challenges and dramatic inflationary pressure . Despite this adverse environment , our SEE Operating Engine is delivering , " said Ted Doheny , SEE's President and CEO . " We are raising our 2021 sales and EPS outlook and reaffirming Adjusted EBITDA and Free Cash Flow guidance . We are accelerating our journey to world - class by increasing our investment in ' touchless ' automation , digital and sustainability , while returning capital to shareholders , as demonstrated by our announced 25 % dividend increase and share repurchases , " continued Doheny . Unless otherwise stated , all results compare second quarter 2021 to second 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 . 2415 Cascade Pointe Blvd. | Charlotte , NC 28208 1