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Bemis Co Inc (BMS) SEC Filing 10-K Annual report for the fiscal year ending Saturday, December 31, 2016

Bemis Co Inc

CIK: 11199 Ticker: BMS
Exhibit 99
bemiserlogoa02a01a01a01a07.jpg
Bemis Company Reports 2016 Results and 2017 Outlook


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.


1

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

Document And Entity Information
Consolidated Balance Sheet
Consolidated Balance Sheet (parenthetical)
Consolidated Statement Of Cash Flows
Consolidated Statement Of Comprehensive Income
Consolidated Statement Of Equity
Consolidated Statement Of Equity (parenthetical)
Consolidated Statement Of Income
Accumulated Other Comprehensive Income (loss)
Accumulated Other Comprehensive Income (loss) (details)
Accumulated Other Comprehensive Income (loss) (tables)
Acquisition
Acquisition (details)
Acquisition (tables)
Acquisitions (details 2)
Business Description
Business Description (details 2)
Business Description (details)
Debt
Debt (details)
Debt (tables)
Derivative Instruments
Derivative Instruments (details 2)
Derivative Instruments (details)
Derivative Instruments (tables)
Discontinued Operations (details)
Discontinued Operations (notes)
Discontinued Operations (tables)
Earnings Per Share Computations
Earnings Per Share Computations (details)
Earnings Per Share Computations (tables)
Facility Consolidation And Other Costs
Facility Consolidation And Other Costs (details)
Facility Consolidation And Other Costs (tables)
Financial Assets And Financial Liabilities Measured At Fair Value
Financial Assets And Financial Liabilities Measured At Fair Value (details 2)
Financial Assets And Financial Liabilities Measured At Fair Value (details)
Financial Assets And Financial Liabilities Measured At Fair Value (tables)
Goodwill And Other Intangible Assets
Goodwill And Other Intangible Assets (details 2)
Goodwill And Other Intangible Assets (details)
Goodwill And Other Intangible Assets (tables)
Income Tax
Income Tax (details)
Income Tax (tables)
Leases
Leases (details)
Leases (tables)
Legal Proceedings
Legal Proceedings (details)
Multiemployer
Multiemployer (details)
New Accounting Guidance (details)
New Accounting Guidance (notes)
Pension Plans (details)
Pension Plans (notes)
Pension Plans (tables)
Pension Plans 2 (details)
Pension Plans 3 (details)
Pension Plans 4 (details)
Pension Plans 5 (details)
Postretirement Benefits
Postretirement Benefits (details)
Postretirement Benefits (tables)
Quarterly Financial Information
Quarterly Financial Information (details)
Quarterly Financial Information (tables)
Schedule Ii (details)
Schedule Ii (notes)
Segments Of Business
Segments Of Business (details)
Segments Of Business (tables)
Significant Accounting Policies
Significant Accounting Policies (details 2)
Significant Accounting Policies (details)
Significant Accounting Policies (policies)
Significant Accounting Policies (tables)
Stock Incentive Plans
Stock Incentive Plans (details)
Stock Incentive Plans (tables)
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

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