Bemis Co Inc (BMS) 10K Annual Reports & 10Q SEC Filings

Neenah, Wisconsin, January 31, 2019 - Bemis Company, Inc. (NYSE:BMS) today reported financial results for its fourth quarter and year ended December 31, 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.”

The following information was filed by Bemis Co Inc (BMS) on Thursday, January 31, 2019 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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Financial Statements, Disclosures and Schedules

Inside this 10-K Annual Report

Material Contracts, Statements, Certifications & more

Bemis Co Inc provided additional information to their SEC Filing as exhibits

Exhibit 21: Subsidaries Of The Registrant

Exhibit 23: Consents Of Experts And Counsel

Exhibit 31.1: Rule 13A-14(A)/15D-14(A) Certification

Exhibit 31.2: Rule 13A-14(A)/15D-14(A) Certification

Exhibit 32: Section 1350 Certification

Ticker: BMS
CIK: 11199
Form Type: 10-K Annual Report
Accession Number: 0000011199-19-000006
Submitted to the SEC: Fri Feb 15 2019 4:55:29 PM EST
Accepted by the SEC: Fri Feb 15 2019
Period: Monday, December 31, 2018
Industry: Converted Paper And Paperboard Prods No Contaners Boxes