Bemis Co Inc (BMS) 10-Q Quarterly Report April 2018

Neenah, Wisconsin, April 26, 2018 - Bemis Company, Inc. (NYSE:BMS) today reported financial results for its first quarter ended March 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 FIRST QUARTER



	Q1
($ in millions except per share amounts)	2018		2017		change
Earnings Per Share	$	0.52	$	0.55	(5.5		)%
Adjusted Earnings Per Share	$	0.63	$	0.58	8.6		%

U.S. Packaging Operating Profit	$	87.2	$	83.5	$	3.7
Latin America Packaging Operating Profit	$	8.0	$	13.6	$	(5.6	)
Rest of World Packaging Operating Profit	$	16.5	$	13.6	$	2.9

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

“We delivered first quarter earnings above our most recent expectations, driven by improving operations and the 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. “Compared to the prior first quarter, profits increased in our U.S. segment due to the benefits of Agility and operational improvements. Profits increased in our Rest of World segment due to growth and strength in our healthcare packaging business. Profits were down in our Latin American segment due to the impact of the economic environment in Brazil compared to one year ago, as anticipated. We continue to take action in Latin America to drive margin expansion throughout the remainder of 2018.”

Austen continued, “We are maintaining our full year 2018 guidance. Through Agility, we are making progress to improve our business. We continue to execute our plan to create a more agile, streamlined, and efficient business.”

The following information was filed by Bemis Co Inc (BMS) on Thursday, April 26, 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-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

Please wait while we load the requested 10-Q report or click the link below:

https://last10k.com/sec-filings/report/11199/000001119918000027/bms-20180331x10q.htm

View differences made from one quarter to another to evaluate Bemis Co Inc's financial trajectory

Compare SEC Filings Year-over-Year (YoY) and Quarter-over-Quarter (QoQ) — *Sample 10-K Year-over-Year (YoY) Comparison*

Compare this 10-Q Quarterly Report to its predecessor by reading our highlights to see what text and tables were ~~removed~~ , added and changed by Bemis Co Inc.

Continue

Assess how Bemis Co Inc's management team is paid from their Annual Proxy

Bemis Co Inc's Definitive Proxy Statement (Form DEF 14A) filed after their 2018 10-K Annual Report includes:

Voting Procedures
Board Members
Executive Team
Salaries, Bonuses, Perks
Peers / Competitors

Continue

Financial Statements, Disclosures and Schedules

Inside this 10-Q Quarterly Report

Material Contracts, Statements, Certifications & more

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

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-Q Quarterly Report
Accession Number: 0000011199-18-000027
Submitted to the SEC: Fri Apr 27 2018 3:23:31 PM EST
Accepted by the SEC: Fri Apr 27 2018
Period: Saturday, March 31, 2018
Industry: Converted Paper And Paperboard Prods No Contaners Boxes