Despite making this strong progress in our priorities, volume weakness and unfavorable foreign exchange impacted our profitability in the quarter, resulting in a more cautious outlook for 2012 and a revision to our full year guidance, which we will cover in more detail later in the call.Focusing on sales performance on Slide 3. On a pro forma basis, reported sales declined 4% to $2 billion. Excluding the negative impact of currency, our organic sales increased 1% in the quarter. This was driven by 2% higher price and 1% lower volume, which was largely due to weakness in Europe.
Sealed Air Management Discusses Q2 2012 Results - Earnings Call Transcript
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