Sealed Air, IDC enter into strategic alliance International Dispensing Corporation announced its strategic alliance with Sealed Air Corporation to develop an ultra-high-speed aseptic filler for bag-in-box products and to promote this new system throughout the world.
News For SEE From The Last 14 Days
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Sealed Air raises FY14 adjusted EPS view to $1.65-$1.70 from $1.50-$1.60 Consensus is $1.60. Raises FY14 revenue view $50M to $7.75B, consensus $7.78. This assumes an estimated unfavorable impact of approximately 1% from foreign currency translation. Adjusted EBITDA is anticipated to be in the range of approximately $1.085B-$1.095B, an increase from the previously provided guidance of $1.05B-$1.07B. Free Cash Flow is estimated to be approximately $485M as compared to the previously provided outlook of $425M. The company is revising its 2014 estimates for cash restructuring charges and capital expenditures to be approximately $135M and approximately $150M, respectively.