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Non-Tech : BMS - Bemis The Behemoth!
BMS 57.250.0%Jun 28 5:00 PM EST
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From: JakeStraw2/2/2011 10:27:22 AM
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BEMIS COMPANY REPORTS 2010 FOURTH QUARTER AND YEAR END RESULTS

Bemis Achieves Record Annual GAAP Diluted Earnings Per Share of $1.83
and Record Annual Non-GAAP Diluted Earnings Per Share of $2.12.

reuters.com

Highlights of the full year 2010:

Diluted earnings per share, as adjusted, increased by 14 percent to a record $2.12, in line with management's guidance of $2.10 to $2.15.
Record annual net sales of $4.84 billion reflected healthy total company organic sales growth of about 7 percent and acquisition related growth of about 31 percent.
Integration of Food Americas, acquired on March 1, 2010, was successfully completed, including the required divestiture of certain assets that was completed in July of 2010.
Cash flow from operations totaled $368.0 million.
Capital expenditures for 2010 totaled $113.2 million, in line with management's guidance of approximately $115 million.

Highlights of the fourth quarter 2010:

Record fourth quarter net sales of $1.25 billion reflected total company organic sales growth of about 4 percent and acquisition related growth of about 34 percent.
Adjusted diluted earnings per share for the quarter increased 9 percent to $0.49 per share.
Cash flow from operations totaled $119.0 million.
Capital expenditures for the fourth quarter totaled $48.5 million.
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