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Non-Tech : BMS - Bemis The Behemoth!

BMS 57.25

0.0%

Jun 28 4:00 PM EDT

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From: Fuzzy	10/23/2014 9:30:36 AM
	of 28

Bemis reports EPS in-line, misses on revs; guides Q4 EPS below consensus ( BMS) : Reports Q3 (Sep) earnings of $0.67 per share, excluding non-recurring items, in-line with the Capital IQ Consensus Estimate of $0.67; revenues fell 2.1% year/year to $1.1 bln vs the $1.23 bln consensus. Co issues downside guidance for Q4, sees EPS of $0.53-0.58 vs. $0.60 Capital IQ Consensus Estimate. Full year 2014 cash flow from operating activities is expected to be in the range of $375 million to $400 million. Continues to expect the effective income tax rate for the full year 2014 to be approximately 34.5 percent and total year 2014 capital expenditures to be approximately $175 million.

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