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Bemis Co Inc (BMS) SEC Filing 10-Q Quarterly report for the period ending Saturday, March 31, 2018

Bemis Co Inc

CIK: 11199 Ticker: BMS
Exhibit 99
bemiserlogoa02a01a01a01a14.jpg
Bemis Company Reports First Quarter Results and Maintains Full Year 2018 Guidance


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.”


1

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.

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Financial Statements, Disclosures and Schedules

Inside this 10-Q Quarterly Report

Document And Entity Information
Condensed Consolidated Balance Sheet
Condensed Consolidated Balance Sheet (parenthetical)
Condensed Consolidated Statement Of Cash Flows
Condensed Consolidated Statement Of Equity
Condensed Consolidated Statement Of Equity (parenthetical)
Condensed Consolidated Statement Of Income
Condensed Statement Of Comprehensive Income
Accumulated Other Comprehensive Income (loss)
Accumulated Other Comprehensive Income (loss) (details)
Accumulated Other Comprehensive Income (loss) (tables)
Acquisition (details)
Acquisition (notes)
Basis Of Presentation
Components Of Net Periodic Benefit Cost
Components Of Net Periodic Benefit Cost (details)
Components Of Net Periodic Benefit Cost (tables)
Derivative Instruments
Derivative Instruments (details 2)
Derivative Instruments (details)
Derivative Instruments (tables)
Earnings Per Share Computations
Earnings Per Share Computations (details)
Earnings Per Share Computations (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 Taxes (details)
Income Taxes (notes)
Inventories
Inventories (details)
Inventories (tables)
Legal Proceedings
Legal Proceedings (details)
New Accounting Guidance (details)
New Accounting Guidance (notes)
New Accounting Guidance (tables)
Restructuring (details)
Restructuring (notes)
Restructuring (tables)
Restructuring And Other Costs (details)
Restructuring And Other Costs (notes)
Restructuring And Other Costs (tables)
Segments Of Business
Segments Of Business (details)
Segments Of Business (tables)
Significant Policies Update (notes)

Material Contracts, Statements, Certifications & more

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

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

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