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[Fuzzy] Bemis Company Reports Solid Fourth Quarter and 2018 Results 6:00 am ET January 3...

Fuzzy — 1/31/2019 6:20:45 AM

Bemis Company Reports Solid Fourth Quarter and 2018 Results
6:00 am ET January 31, 2019 (BusinessWire) Print
Bemis Company, Inc. (NYSE:BMS) today reported financial results for its fourth quarter and year ended December31, 2018. Refer to the reconciliation of Non-GAAP measures detailed in the attached schedule, including adjusted earnings per share, adjusted EBITDA, and net debt.

SUMMARY OF THE FOURTH QUARTER AND FULL YEAR 2018

                                                        Q4                            Q4 YTD                                           ------------------------------- ------------------------------- ($ in millions except per share amounts)    2018       2017      change     2018      2017      change                                           --------- ---------- ---------- --------- --------- ----------- Earnings Per Share                        $  0.70   $ (0.44 )   259.1 %   $  2.36   $  1.02     131.4 % Adjusted Earnings Per Share               $  0.71   $  0.63      12.7 %   $  2.79   $  2.39      16.7 % Cash from Operations                      $ 158.4   $  79.5      99.2 %   $ 461.5   $ 379.0      21.8 % U.S. Packaging Operating Profit           $  89.7   $  89.3     $ 0.4     $ 360.2   $ 352.5    $  7.7 Latin America Packaging Operating Profit  $   7.8   $   6.2     $ 1.6     $  32.8   $  30.0    $  2.8 Rest of World Packaging Operating Profit  $  23.8   $  15.4     $ 8.4     $  81.2   $  61.1    $ 20.1

Refer to the reconciliation of Non-GAAP measures detailed in the attached schedule, including adjusted earnings per share, referenced in this release.

"We delivered strong earnings and operating cash flow improvement in 2018. Our Agility plan to fix, strengthen, and grow Bemis is progressing well and benefiting our business," said William F. Austen, Bemis Company's President and Chief Executive Officer. "All operating segments performed in-line with our expectations and met our Agility objectives during 2018. In our U.S. business, we focused on improving operations and laying the foundation for long-term growth through our Agile Lane initiative to penetrate short-run business. Our teams in the U.S. worked tirelessly to deliver our financial plans in light of both known and incremental headwinds during the year. In our Latin American business, we continued to execute cost improvements in light of the challenging economic environment in Brazil and delivered 100 basis points of margin expansion during the year. In our Rest of World business, we delivered 200 basis points of operating profit improvement in 2018, driven by solid operational performance across the segment and strong organic sales growth in our healthcare packaging business."

Austen concluded, "I am proud of our teams and the countless operational, commercial, and administrative improvements we executed in 2018 to drive long-term benefit in our business. We are well-positioned to continue progressing in 2019."

[Fuzzy] Press Release: Update on Amcor and Bemis Transaction Today 12:35 AM ET (Dow Jone...

Fuzzy — 1/24/2019 6:13:41 AM

Press Release: Update on Amcor and Bemis Transaction
Today 12:35 AM ET (Dow Jones)Print

Press Release: Update on Amcor and Bemis Transaction

Update on Amcor and Bemis Transaction

MELBOURNE, Australia & NEENAH, Wis.--(BUSINESS WIRE)--January 24, 2019--

Amcor Limited (ASX: AMC) and Bemis Company, Inc. (NYSE: BMS) have made significant progress towards closing the all-stock transaction announced on 6 August 2018. Integration planning led by a dedicated team of full time executives from both companies is well underway and preparation of documentation is nearing completion.

The process toward securing required antitrust clearances and other regulatory consents in all jurisdictions which are conditional to closing have either been completed or are progressing in line with the range of original expectations. However, in the United States (US), antitrust approval and completion of shareholder meeting documentation review by the US Securities and Exchange Commission have been delayed due to the partial US government shutdown.

As a result, it is now anticipated the transaction will close in the second quarter of calendar year 2019.

[Fuzzy] NEENAH, Wis.--(BUSINESS WIRE)-- The Board of Directors of Bemis Company, Inc. (...

Fuzzy — 11/1/2018 4:23:20 PM

NEENAH, Wis.--(BUSINESS WIRE)--

The Board of Directors of Bemis Company, Inc. ( BMS) has declared a regular quarterly cash dividend of 31 cents per share. The dividend is payable December 3, 2018, to shareholders of record at the close of business on November 15, 2018. Bemis has paid an annual dividend on its common stock since 1922. Bemis has been included in Standard & Poor's list of Dividend Aristocrats since 2008.

[Fuzzy] Packaging Giant Bemis Hires Goldman Sachs to Explore Sale Options -New York Pos...

Fuzzy — 12/5/2017 11:17:46 AM

Packaging Giant Bemis Hires Goldman Sachs to Explore Sale Options -New York Post

Bemis (NYSE:BMS)
Intraday Stock ChartToday : Tuesday 5 December 2017

--U.S. plastic food packaging company Bemis Co. (BMS) has recruited Goldman Sachs (GS) to explore options of a sale, the New York Post reports, citing sources.

[Fuzzy] NEENAH, Wis. (AP) _ Bemis Co. (BMS) on Thursday reported second-quarter net inco...

Fuzzy — 7/28/2016 8:45:57 AM

NEENAH, Wis. (AP) _ Bemis Co. (BMS) on Thursday reported second-quarter net income of $50.9 million.

On a per-share basis, the Neenah, Wisconsin-based company said it had net income of 53 cents. Earnings, adjusted for restructuring costs and costs related to mergers and acquisitions, came to 67 cents per share.

The results topped Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 66 cents per share.

The packaging company posted revenue of $1.02 billion in the period, which met Street forecasts.

Bemis expects full-year earnings in the range of $2.68 to $2.78 per share.

Bemis shares have risen 17 percent since the beginning of the year, while the Standard & Poor's 500 index has increased 6 percent. The stock has increased 20 percent in the last 12 months.

[hollyhunter] RSI (14) is in bull territory, which stands at 45.97 with positive bias. Bullis...

hollyhunter — 5/13/2016 8:49:06 AM

RSI (14) is in bull territory, which stands at 45.97 with positive bias. Bullish cross in Stochastic oscillator.

[Fuzzy] The Board of Directors of Bemis Company, Inc. ( BMS) has declared a regula...

Fuzzy — 5/6/2016 2:11:16 PM

The Board of Directors of Bemis Company, Inc. ( BMS) has declared a regular quarterly cash dividend of 29 cents per share. The dividend is payable June 1, 2016, to shareholders of record at the close of business on May 17, 2016. Bemis has paid an annual dividend on its common stock since 1922 and has been included in Standard & Poor's list of Dividend Aristocrats since 2008.

[Fuzzy] Bemis Company, Inc. ( BMS) today announced that it has completed the acqui...

Fuzzy — 5/2/2016 7:58:33 AM

Bemis Company, Inc. ( BMS) today announced that it has completed the acquisition of the medical device packaging operations and related value-added services of SteriPack Group, a global manufacturer of sterile packaging solutions for medical device and pharmaceutical applications. This acquisition includes a facility in Ireland as well as packaging production assets in Malaysia and the United States. These operations recorded annual net sales of approximately US$65 million in fiscal 2015. SteriPack Group will continue to independently own and operate its contract manufacturing services business. Details of the transaction were not disclosed.

[Fuzzy] Bemis misses by $0.02, misses on revs; lowers top end of FY16 EPS in-line (BMS) ...

Fuzzy — 4/28/2016 1:03:26 PM

Bemis misses by $0.02, misses on revs; lowers top end of FY16 EPS in-line ( BMS) : Reports Q1 (Mar) adj earnings of $0.60 per share, excluding non-recurring items, $0.02 worse than the Capital IQ Consensus of $0.62; revenues fell 6.9% year/year to $967.9 mln vs the $1.01 bln Capital IQ Consensus. Co issues in-line guidance for FY16, lowers top end of EPS to $2.68-2.78 from $2.68-2.83 vs. $2.76 Capital IQ Consensus Estimate.Gross profit margins improved 70 basis points to 21.6 percent of net sales for the first quarter of 2016, compared to 20.9 percent in the prior first quarter. Management lowered the top end of the full year EPS guidance range fully on account of the impact of the operational inefficiencies in the Company's Latin American business and in the Company's North American healthcare business. Management confirmed that it expects full year cash from operations to be in the range of $450 to $500 mln.Management also confirmed that it expects capital expenditures for 2016 of ~$200 mln to support productivity and efficiency projects as well as growth projects driven by increased customer demand for value-added products.

[Fuzzy] 6:43 am Bemis beats by $0.01, reports revs in-line; guides FY16 EPS in-line ( BM...

Fuzzy — 1/28/2016 9:43:24 AM

6:43 am Bemis beats by $0.01, reports revs in-line; guides FY16 EPS in-line ( BMS) :

Reports Q4 (Dec) earnings of $0.60 per share, excluding non-recurring items, $0.01 better than the Capital IQ Consensus of $0.59; revenues fell 6.6% year/year to $982.7 mln vs the $973.03 mln Capital IQ Consensus. Co issues in-line guidance for FY16, sees EPS of $2.68-2.83 vs. $2.73 Capital IQ Consensus Estimate.

[Fuzzy] NEENAH, Wis.--(BUSINESS WIRE)-- Bemis Company, Inc. ( BMS) announced today th...

Fuzzy — 2/6/2015 1:27:38 PM

NEENAH, Wis.--(BUSINESS WIRE)--

Bemis Company, Inc. ( BMS) announced today that its Board of Directors has approved a 4 percent increase in the quarterly cash dividend, increasing it to 28 cents per share compared to the previous quarterly dividend of 27 cents per share. The cash dividend is payable on March 2, 2015, to shareholders of record at the close of business on February 18, 2015. This marks the 32nd consecutive year that the Company has increased its dividend payment. Bemis has been paying an annual dividend on its stock since 1922 and has been included in Standard & Poor's list of Dividend Aristocrats since 2008.

[Fuzzy] 7:15 am Bemis beats by $0.01, reports revs in-line; guides FY15 EPS in-line ( BM...

Fuzzy — 1/29/2015 1:40:37 PM

7:15 am Bemis beats by $0.01, reports revs in-line; guides FY15 EPS in-line ( BMS) : Reports Q4 (Dec) earnings of $0.57 per share, $0.01 better than the Capital IQ Consensus Estimate of $0.56; revenues fell 3.0% year/year to $1.05 bln vs the $1.05 bln consensus.

Co issues in-line guidance for FY15, sees EPS of $2.52-2.67 vs. $2.52 Capital IQ Consensus Estimate.
Capital expenditures are expected to be in the range of $185 to $200 million.

[Fuzzy] Bemis reports EPS in-line, misses on revs; guides Q4 EPS below consensus ( BMS)...

Fuzzy — 10/23/2014 9:30:36 AM

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.

[Fuzzy] 7:06 am Bemis beats by $0.01, misses on revs; guides Q3 EPS in-line; guides FY14...

Fuzzy — 7/24/2014 8:05:35 AM

7:06 am Bemis beats by $0.01, misses on revs; guides Q3 EPS in-line; guides FY14 EPS in-line ( BMS) : Reports Q2 (Jun) earnings of $0.65 per share, excluding non-recurring items, $0.01 better than the Capital IQ Consensus Estimate of $0.64; revenues fell 4.3% year/year to $1.24 bln vs the $1.28 bln consensus.

Co revises low end of in-line guidance for Q3, sees EPS of $0.65-0.70 vs. $0.66 Capital IQ Consensus Estimate, prior guidance $2.40-2.55. Co issues in-line guidance for FY14, sees EPS of $2.45-2.55 vs. $2.47 Capital IQ Consensus Estimate.

[JakeStraw] Bemis (BMS) was upgraded today by analysts at Bank of America Merrill Lynch to ...

JakeStraw — 8/15/2011 2:45:07 PM

Bemis (BMS) was upgraded today by analysts at Bank of America Merrill Lynch to a "buy" rating.

[JakeStraw] Bemis Company Acquires Mayor Packaging of Hong Kong finance.yahoo.com "This acq...

JakeStraw — 8/3/2011 9:39:44 AM

Bemis Company Acquires Mayor Packaging of Hong Kong
finance.yahoo.com

"This acquisition supports our strategy to enhance our presence in the Asia-Pacific region," said Henry Theisen, President and Chief Executive Officer of Bemis Company, Inc. "The high barrier, flexible packaging operation in Dongguan is a state-of-the art facility that serves food and consumer product companies around the world. The addition of Mayor Packaging complements our existing Asia-Pacific capabilities with a talented management team and an excellent workforce, providing Bemis a strong platform from which to expand in the future."