Bemis Co Inc (BMS) 10-K Annual Report February 2018

Neenah, Wisconsin, February 1, 2018 - Bemis Company, Inc. (NYSE:BMS) today reported financial results for its fourth quarter ended December 31, 2017. Refer to the reconciliation of Non-GAAP measures detailed in the attached schedule, including adjusted earnings per share, adjusted EBITDA, and net debt, and discussion of items impacting comparability in this press release.

SUMMARY OF THE FOURTH QUARTER AND FULL YEAR 2017



	Q4							Q4 YTD
($ in millions except per share amounts)	2017			2016		% change		2017		2016		% change
Earnings Per Share	$	(0.44	)	$	0.64	(168.8	)%	$	1.02	$	2.48	(58.9	)%
Adjusted Earnings Per Share	$	0.63		$	0.67	(6.0	)%	$	2.39	$	2.69	(11.2	)%
Cash from Operations	$	79.5		$	89.0	(10.7	)%	$	379.0	$	437.4	(13.4	)%

Refer to the reconciliation of Non-GAAP measures detailed in the attached schedule, including adjusted earnings per share, referenced in this release, which denotes that fourth quarter 2017 GAAP EPS was driven primarily by the Goodwill impairment charge in Latin America.

2018 GUIDANCE SUMMARY

Management set guidance for the full year 2018:


•	Adjusted diluted earnings per share in the range of $2.75 to $2.90, which includes a $.31 benefit related to U.S. tax reform at the midpoint of the range.


•	Capital expenditures expected between $150 and $160 million.


•	Cash flow from operations expected to be in the range of $420 to $450 million, which includes approximately $50 million of restructuring and related cash costs.

“We made progress during the second half of 2017, as reflected in adjusted operating profit that was up nearly $35 million compared to the first half of the year. This increase reflects operational improvements and the early benefits of Agility, which is our plan to fix, strengthen, and grow our business,” said William F. Austen, Bemis Company’s President and Chief Executive Officer. “We are focused on executing our plan to create a more agile, streamlined, and efficient business.”

The following information was filed by Bemis Co Inc (BMS) on Thursday, February 1, 2018 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: 0000011199-18-000012
Submitted to the SEC: Fri Feb 23 2018 4:49:53 PM EST
Accepted by the SEC: Fri Feb 23 2018
Period: Sunday, December 31, 2017
Industry: Converted Paper And Paperboard Prods No Contaners Boxes