Bemis Co Inc (BMS) 10-K Annual Report February 2017

Neenah, Wisconsin, January 26, 2017 - Bemis Company, Inc. (NYSE:BMS) today reported financial results for its fourth quarter ending December 31, 2016. Refer to the reconciliation of Non-GAAP measures detailed in the attached schedule, including adjusted earnings per share and adjusted EBITDA, referenced in this release.

SUMMARY OF THE QUARTER AND FULL YEAR



	Fourth Quarter							Full Year
($ in millions except per share amounts)	2016			2015			% change	2016				2015			% change
Earnings Per Share	$	0.64		$	0.58		10.3%	$	2.48		*	$	2.47		0.4%
Adjusted Earnings Per Share	$	0.67		$	0.60		11.7%	$	2.69		*	$	2.55		5.5%
Net Income	$	60.5		$	56.8		6.5%	$	236.2			$	239.3		(1.3)%
Adjusted EBITDA	$	149.2		$	139.4		7.0%	$	600.0			$	579.8		3.5%

*Compared to prior year, net currency translation decreased EPS by approximately $0.06 in 2016

	Fourth Quarter							Full Year
	2016			2015			change	2016				2015			change
U.S. Packaging Return on Sales	14.9		%	14.3		%	60 bps	15.3		%		14.3		%	100 bps
Global Packaging Return on Sales	9.4		%	8.6		%	80 bps	8.2		%		8.8		%	(60 bps)

OTHER FULL YEAR HIGHLIGHTS


•	Cash flow from operations for the 12 months ended December 31, 2016 was $437.4 million, within the Company's guidance range.


•	On February 4, 2016, the Board increased the authorization for share repurchases by 20 million additional shares of Bemis Company stock, supplementing the previous remaining authorization.


•	Bemis repurchased 3.0 million shares during 2016. Of this total, 1.0 million shares were repurchased during the fourth quarter.

The following information was filed by Bemis Co Inc (BMS) on Thursday, January 26, 2017 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: 0000011199-17-000011
Submitted to the SEC: Fri Feb 17 2017 2:51:18 PM EST
Accepted by the SEC: Fri Feb 17 2017
Period: Saturday, December 31, 2016
Industry: Converted Paper And Paperboard Prods No Contaners Boxes